EFE 0.00% 0.6¢ eastern resources limited

Typically during market downturns, juniors are hit harder...

  1. 476 Posts.
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    Typically during market downturns, juniors are hit harder because they have less ability to raise capital and cash flow constraints can hurt operations. This is not the case for EFE as they are effectively supported by two significant giants in Yahua and Yongxing. This should allow them to remain fully funded as required to acquire new projects and engage in exploration activities.

    At these prices, it is a steal. The fundamental base is there and once we start locking down more lithium assets and see some positive trigg results.. this will fly. I presume Yahua may be waiting for the assays before they commence the JV to develop Trigg they previously announced. Hoping once this comes back, the JV gets put in place and things start moving pretty quickly.
    Last edited by ryan2k: 10/05/22
 
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