ESS 0.00% 50.0¢ essential metals limited

Current valuation is chump change - We are still being valued as...

  1. 214 Posts.
    lightbulb Created with Sketch. 481
    Current valuation is chump change - We are still being valued as if this wont be mined.

    I was looking recently at an Li explorer at the start of a Drilling Campaign and currently valued at half of ESS.
    ie an Explorer with a few good rock chips and no resource Vs a company soon to be developing a resource with potential to earn a billion a year.

    I expect that the Met work will be very similar to the previous results, I don't expect any surprises there and this will Aid getting that top 50 odd meters of ore to Indicated status and eventually added to Reserve status.

    This top 50m is important in regard to the Economics - which will be demonstrated in the Scoping Study.
    So by the time we dig a hole as deep as CXO to get to first Ore - we would have already mined and sold several hundred million dollars of Ore!

    Good luck all. The dams gotta burst soon!






 
watchlist Created with Sketch. Add ESS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.