EMR 0.79% $3.77 emerald resources nl

its good but, page-15

  1. 2,193 Posts.
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    I think we can't tell if it's a 10 bagger or more until we see the economics spelt out, as these wells are clearly small producers. I think it will easily be a 2 or 3 bagger based on what we already know - i.e. they are in advanced negotaitions for funding, and you don't get investment funding if it's not highly likely to be profitable- and the funders want to see a clear margin for error, so they clearly need to be sufficiently profitable. We just don't know how profitable. But the key with EMR currently is the low base it starts from, so 2 or 3 bagger from here is a pretty good punt.
 
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