Its been very quiet on the news front of late, so Rick Rule's interview with Morgan Hart is nicely timed.
Some nice bits of info in there.
1) 240 man camp is actuvely under production in Oz, will be completed Oct. 2) Okvau cashflow can fully fund both Memot and Oz continued exploration AND captial investment, but EMR will probably take on a little bit of debt, but its not needed. 3) Reiterates that shareholders will not be asked to do any funding. 4) Increase in the Oz reserve/resource will be announced in the next couple of months. 4) Full details of DFS etc will be out in the December quarter. But as they do not require to make a case for a loan they are going ahead with building the camp ahead of formally announcing the DFS. 5) Oz and memot will both be producing gold before end of next year.
EMR Price at posting:
$4.66 Sentiment: Buy Disclosure: Held
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