The reality is that EER will not go into production in the foreseeable future. My take on this company is that it might get to production around 2020 and beyond. The tenement with JORC coal has no infrasture and furthermore is about 700kms to the port when and if the railway line is built.
In a bull market (coal) anything runs - EER ran just on sentiment at the time.
With no money in the bank and only debt it's worth anywhere between $5 million and $10 million market cap.
I note at the members request zinvestor suspended himself from hotcopper.
EER Price at posting:
7.0¢ Sentiment: Sell Disclosure: Not Held
