EM2

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6.3¢ eagle mountain mining limited

Ann: Exceptional High Grade Results at Oracle Ridge, page-34

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johnnycrash

8,077 Posts.

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01/04/21

16:24

Post #: 52212259
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Originally posted by Danimaux: ↑

For this project, anything >1% Cu is great.

Underground is definitely more expensive than open pit, however this is not the case so much here as at least $100 million of infrastructure is in place. This is a HUGE plus to the project.

The grades are fantastic, the thicknesses are okay but keep getting better particularly in the south. Currently the expanded mineralised envelope requires tighter spaced infill drilling to produce a robust updated mineral reserve estimate, likely to be in roughly five or so months at current rates of drilling and the time taken to update an MRE. A second rig will speed this up.

There just aren't enough shares up for grabs for anyone to substantially alter the market cap with stability. As soon as anyone chomps the lines, it'll be sold down by profit takers. With maybe 3% of the register ever being churned, this seems irrelevant as the long term holders aren't giving it up easily: You're gonna need some better wine, a fancier restaurant and a smooth soundtrack to get them to give it up for you. I like a pinot gris and Thai food, if it helps.

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I wonder how many people have looked at todays Copper Price. ;0)

EM2 Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 6.3¢		Change 0.000(0.00%)		Mkt cap ! $24.75M

Open	High	Low	Value	Volume
6.3¢	6.5¢	6.0¢	$30.62K	486.2K

Buyers (Bids)

No.	Vol.	Price($)
3	84926	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	667795	3

View Market Depth

No.	Vol.	Price($)
3	300847	0.059
1	195824	0.058
1	198888	0.057
1	100000	0.056
4	188100	0.055

Price($)	Vol.	No.
0.065	667795	3
0.066	68000	1
0.067	28500	1
0.068	1100	1
0.070	1100	1

Last trade - 16.10pm 12/07/2024 (20 minute delay)

EM2 (ASX) Chart

Ann: Exceptional High Grade Results at Oracle Ridge, page-34

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Ann: Exceptional High Grade Results at Oracle Ridge, page-34

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