EM2 0.00% 4.7¢ eagle mountain mining limited

Eagle Mountain Mining confident it's sitting on a big copper system at Oracle Ridge in Arizona, page-7

  1. JID
    3,679 Posts.
    lightbulb Created with Sketch. 838
    Thanks Danimaux,

    As it stands I am thinking the ore (in-situ) relative values, based on historic resources published by each Company, are:

    EM2 - $145 t
    NWC - $311 t
    AMC - $460 t

    With the three having compliant / non-compliant published tons of

    EM2 - 11.7mt
    NWC - 4.6mt
    AMC - 5.8mt

    With each having stated exploration targets of

    EM2 - 14-29mt (from company report)
    NWC - ?
    AMC - 16mt (total including current R&R from Exxon days in early 1980's and includes a tenement that AMC don't yet own)

    Additional upside from

    EM2 - Red Hawk exploration target
    NWC - Jones Hill, a Zn-Au VMS deposit and other early stage exploration assets
    AMC - Sugarloaf Peak, a 1.5m oz (and growing) heap leach gold project

    All three have existing infrastructure in place although I hear you re the age / rehab required will differ.

    It looks like EM2 and NWC are OK in terms of location (remote and outside of wildlife reserves) whilst AMC is uncomfortably close to Black Canyon City.

    Grade is the big difference here and why I was interested in your preference / focus on EM2.

    FWIW, I have investments in all three at different scales and am looking at Cu rich VMS deposits (post discovery and pre-development) based on my outlook for Cu over the next several years.

    Again, FWIW, a fund manager associated with a well known US specialist I am familiar with is kicking the tyres on all of these projects (not that it necessarily means his Fund will invest).

    Cheers
    John
 
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