EM2 1.96% 5.0¢ eagle mountain mining limited

Uncomfortable Buy, page-104

  1. 509 Posts.
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    It's only been six months since the previous 2022 MRE. A junior explorer of this size might do an update annually or even longer. It's an expensive process and time consuming.

    Some jumpy cats in this forum!

    They can't and won't stop drilling, that's a company killer. They weren't permitted to work underground until recently, so they couldn't drill underground. The company has to drill outside the known envelope to expand the proven, indicated and inferred resource. It's shortsighted to just drill in a known area, it usually improves the grade but drops the tonnes.

    So far they haven't put a foot wrong. It's not the management that governs the day to day shareprice. They can have a macro effect though, and we are all frustrated by the market.

    We need some catnip.





 
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