EVN 0.72% $4.22 evolution mining limited

I listened to the conference call today. A question was asked if...

  1. 604 Posts.
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    I listened to the conference call today. A question was asked if the capital expenditure outlined in the latest qtly report for Mungari (in part to increase the mill expansion) would change? The answer came back it won’t.

    The mill was going to get optimised for lower grade feed from castle hill which will now be optimised for higher grade feed from the 51% of EKJV.

    I think the bIggest winner out of this deal is Tribune and Rand who are the other joint partners. I cannot believe that these 2 companies will just get a free ride with the operational savings of having their percentage of ore milled at a much cheaper price. We all know that EVN hold a 21% interest in Tribune but why are they getting a free ride with all the cost savings made by this deal between NST & EVN. Jake said the highest grade ore will be going through the Mungari mill first, and that is the EKJV ore.

    Another question was asked. Has EVN had any discussions with Tribune in the past regarding the EKJV. Jake had said that he had only spoken to Anthony Billis from Tribune this morning to let him know that EVN was their new partner and operator of the EKJV.

    As shareholders we should all be bewildered and amazed by our free $$$ gift to TBR and RND.

    Any comments anyone?


 
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