M@A happening , yesterday ASX listed West African resources (WAF) in neighbouring Burkio Faso , buys Toega Au Deposit .
The Toega deposit will both increase WAF's life of mine and potentially the grade for the remaining life of the mine
I guess that deal is analogous to what ERX could become involved in .
Classic 2nd stage supply constraints occurring
Musings
Reminds me of buying parts for old airoplanes (DC3 Dacotas) twenty five years ago the old planes are as cheap as dirt , the planes gain value because OPEX is low as the parts are cheap to find compared to replacement parts for new planes .
Then the old parts get used up (2nd stage) and the old parts (in this case resources near the mines become scarce and the old parts prices INCREASE !
Third stagesupply is the parts which are mainly engine parts are all used up but the airframes remain strong , so new turboprop engines replace the old piston engines and the planes have a new lease of life just like a mine processing plant is rejigged to process tailings
- Forums
- ASX - By Stock
- ERX
- getting close to asset backing now
getting close to asset backing now, page-23
-
- There are more pages in this discussion • 13 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 ERX (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.12M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ERX (ASX) Chart |
Day chart unavailable