ERA 2.70% 3.6¢ energy resources of australia limited

poppy: Looks like we can stop wondering how low they can...

  1. 64 Posts.
    poppy:

    Looks like we can stop wondering how low they can go;
    seems like they've weathered the worst, and barring a late cyclone (remember, Monica came mid-April) it could be just good news for the next 9 months

    But surely a "massively strong" SP would have to be over 1.53?

    As for "mining of the ranger deeps has begun"
    you do realise there's no approval, or even final investment decision, for mining? it's just an exploration tunnel for now, and the authorisations explicitly forbid processing of the material excavated for that tunnel.

    Definitely not "almost begun" mining the deeps. This will certainly be dependent on successful deployment of the new (recently funded) water treatment infrastructure. Given the failures of the last water treatment plant experiment, I'd be waiting 12 mths to see how the new direction pans out ...
 
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