This is from Proactive investors
Analysis
The first round of assays from Edna Beryl West have unlocked a number of opportunities for Emmerson.
Not only do the high grade assays reflect extensions from previous drilling, they suggest that a much larger system exists in the area of the Edna Beryl mine, which is moving into production this year.
The Emmerson share price is up 35% year to date trading currently at $0.05 per share.
As a near term producer, Emmerson is highly leveraged to the AUD gold price, which is trading at A$1,740 per ounce, near to its 3 year high.
Emmerson continue to be fully funded in their ongoing exploration through their joint venture with Evolution.
With $5.5 million cash plus potential for risk free cash from small mines, Emmerson is highly leveraged to success across all strategic horizons.
Ann: High Grade Gold Intersected at Edna Beryl,EVN-ERM.AX, page-7
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