ENR encounter resources limited
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"usual rubbish drilling results"I will remember this call in 12...

  1. kingswave
    57 Posts.
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    22/10/13
    13:27
    Post #: 12470482
    "usual rubbish drilling results"

    I will remember this call in 12 months from now.

    ENR over the last few years have outlined a very large area of low grade oxide copper. They have then proceeded to drill deeper and find copper sulphide mineralisation. Antofagasta thought this was good enough for them to do a $20+ million earn in deal. The latest results are the best to date and confirmation that they know what they are on to.

    I hold ENR because it isn't all about grade, even though nearly 1m at 10% Cu is hardly "rubbish".

    ENR Price at posting: 25.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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24.5¢ 		Change
0.005(2.08%) 		Mkt cap ! $122.2M
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25.0¢ 6 1
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