Thanks WTT,
I saw that DSO point being raised on the Oct Webinar. Mgmt didn't seem to thrilled with it - concentrate is their main game - so I guess an integrated mine/refinery isn't part of the plan either. Got to say you make a strong argument for DSO as that level of EBITDA brings forward all options. Looks to me like "Give a little - get a lot" - tap into the boom quickly. I'm in the stronger for longer price camp so if as you say giving up 10% of the present resource that's a fair trade,
Like that closing 2nd last paragraph. Sounds like a hold for the license but surely ESS would make a DSO mgmt decision prior to license issued - scoping study ought to at least present it as an option if its doable on the resource (which it sounds like it is).
So your view is that DSO holds the key for ESS to take advantage of present supply shortage - take the low hanging cash flow from DSO now to create the best development options for the future. Sounds good (but why hasn't mgmt promoted that option?)
Thanks for the input WTT.
Regards.
- Forums
- ASX - By Stock
- General Discussion
Thanks WTT,I saw that DSO point being raised on the Oct Webinar....
-
-
- There are more pages in this discussion • 869 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 ESS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online