It’s hard to quantify the future share price! When you consider the AISC, even if one increases the costs 15% over a 3 year period, you still end up with a USD$1,000oz. What price gold in 3 years??? The margin could be USD$1,500oz, without exaggeration.
As you also note, WA could be cheap high quality ounces. With low costs in both Cambodia and Australia, and you are talking genuine and sustained margins!
The Sprott acquisition facility is still untouched! Will it be used for WA, and hence the certainty about no future dilution? Or will it be partly self funded too?
Add in organic growth in Cambodia and we could be talking about a realistic 300,000 ounce annual production at what, AUD$1,500oz?
Margin is key, and MC Hart and his cohort know this better than anyone on the ASX. I’ve said it before and I’ll state it again, I trust this crew to protect our interests and create value. I just sit back and admire their efforts.
You $5 isn’t absurd to me, I remember asking is $2 per share greedy, but I wouldn’t be against $5, 2 years from today. It would take a lot to go right, but margin is key for the company, and the cost base sets EMR apart.
GLTAH
EMR Price at posting:
$2.77 Sentiment: Buy Disclosure: Held
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