ERL 33.3% 0.2¢ empire resources limited

My apologies wasn't sure as to what you were referring to Yes...

  1. 1,529 Posts.
    My apologies wasn't sure as to what you were referring to Yes will be interesting ...the drilling campaign is a precursor to the commencement of a final feasibility study, a key milestone in the company's fiscal 2018 program..Penny's Find is estimated to contain 314,000 tonnes of gold bearing ore grading at 5.2 grams a tonne..(which ain't too bad at all )..deeper they go the higher the grade..(bit of a money spinner)..Penny's Find's gold mineralisation extends to at least 250 metres in depth where it remains open with a current known deeper inferred and indicated resource inventory of 170,000 tonnes grading 5.4 grams per tonne gold beneath the open pit...

    They are talking about a 3 year or + span of this project..quite exciting stuff imo..will be a sigh of relief heard from the patient LTs now that things are going at full steam..happy for them.. ..i expect the bubbly will be flowing shortly...also for every $100 per ounce increase in the price of gold above $1,500 per ounce, the open pit would generate an additional $2 million in free cash flow and if trump keeps up with his antics the price of gold will go through the roof..ha ha..

 
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