ECR Minerals #ECR – MD Nick Tulloch discusses the Hurricane Project & Cancellation of Share Options October 23, 2023 – Posted in: Blog – Tags: andrew scott, Australia, business, chief operations officer, ecr minerals, hurricane project, interview questions and answers, managing director, Mike Whitlow, Mining, nick tulloch, stock market, stock market news, stocks to buy now

ECR Minerals MD Nick Tulloch discussed the cancellation of the Hurricane project option, how the opportunity was overpriced and way too big for the company. In contrast Kondaparinga isomer twice the size, the costs are negligible and it could be a potential replacement for Hurricane.

Looking at the portfolio, Nick believes Lolworth has huge upside, plus there are a number of other opportunities. The team are looking for sensible assets to get a decent return.

As part of the housekeeping process, management share options have been cancelled, Nick explains that they simply don’t make sense at current levels. In summary, the new team now have their feet under the table. Nick says ECR is a small company with a v wide portfolio and a good team. Going forward all decisions will be underscored by value. Seeking the right opportunity at the right price.