Exploration plus production is a winner, page-2

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potgut

19,613 Posts.

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14/01/25

08:52

Post #: 77391217
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Originally posted by OldSilver: ↑

I worked in Laverton and Meekatharra many years ago, and they are very prospective areas.

E79 should consider acquiring a cash cow like Beadell's giant Tucano gold project. It could be just the boost it needs. A few years ago, it boasted the highest-grading pit in the world. Then, it had some bad luck with operations and the gold price.

The new owners, and full disclosure: I am an investor, are looking to list in Australia. It will produce over 100k oz a year and is an excellent area for growth. Anyway, just a thought: if management is reading, they should reach out to them, as the CEO is an Aussie and keen to bring the mine back to the ASX. They need an ASX-listed partner. If anyone knows any directors, please reach out and ask the question.

It is worth the few minutes to watch the video about the project. They have funding, so E79 does not need to find any money, just the ASX listing partner. So many ASX companies are going nowhere. They are sitting on resources that could transform them for their investors but seem happy just ticking along. A producing asset will bring a new group of investors to swell the share price. It is a no-brainer to me.

If not Tucano, then another near-production mine, but they need to move quickly because the bargains are being snapped up.

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It seems the ideal ASX vend in for E79 alright.
They have done DD on a few projects in Australia let's hope this project is on the radar ...we should hear something very soon imo.

E79 Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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Exploration plus production is a winner, page-2

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