ESR estrella resources limited

The market will start to look at Esr very differently, page-71

  1. 122 Posts.
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    I was quoting manganese, I was using dictation on the phone & it loves to switch it to magnesium.

    My scoff isn't that 6 billion isn't possible (I said that). My issue was the 6 billion valuation in 2 years. Ridiculous at this stage of the project. Could it get there in time? Sure if there is enough resource that's defined. But don't ignore that there's a realistic drill window of June through till around Sep or Oct absolute latest (can't risk getting the equipment stuck in the wet season). With such a short window there such a tiny probability that they'll define a 6 billion dollar resource in that time. A 300 mil resource? Very much a possibility.

    The company is sitting on what appears to be a great resource opportunity. All the holders want is high grades and high quantities with easy market access. There are plenty of us that remember hearing about an elephant and the subsequent ramp of the price with only hot air to show for it.

    @Timorlad Please keep up the good work in terms of reviews & challenges to statements but don't fall for the ramp prices being thrown around here. Keep the integrity. You've built that up on facts presented, not fantasies dreamed.

    I'm already well up so am sitting back, enjoying the drama but I also know the first photo of the drill cores and field analysis will send this price north fast if it all looks good... and I also know if there are no photos the stock will drift lower off the back of a dusters. I think I previously commented to wait until June for any sort of results and nothing has changed. still rating this a good spec buy at these prices.
    GL2A
 
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