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..
- Forums
- ASX - By Stock
- ERL Strikes Gold earnings imminent.
My apologies wasn't sure as to what you were referring to Yes...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ERL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $2.226M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $40 | 20.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 17415245 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 7983800 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 17415245 | 0.002 |
14 | 25650328 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 7983800 | 10 |
0.004 | 3422416 | 7 |
0.005 | 1083333 | 3 |
0.017 | 29411 | 1 |
0.000 | 0 | 0 |
Last trade - 12.26pm 03/05/2024 (20 minute delay) ? |
Featured News
ERL (ASX) Chart |