If annual production rates are the key to echomony of scale and EER have an exploration target of over 2 billion tonnes in their own right with the intent of mining it at approx 20 mil tonnes per annum, why not just dig up more of the existing 2 billion tonnes each year rather than taking 100 years to dig up what you already have?
Your saying that having 6 billion tonnes and exporting it 60 million tonnes per year over 100 years is somehow doing to provide a beeter echonomy of scale than digging up the existing 2 billion tonnes at 60 MT per annum instead of 20 MT. Sorry but the fact appears to be that if EER throught they could get sufficient capacity for that sort of volume why wouldn't they already have tried to do so with the existing deposits to provide a scale of production that provides a better business case for rail construction etc?
I want this to be good for EER holders but I'm struggling to see it at the moment. I can however see why its good certain other people.
EER Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
