EPM Chart, page-55

It's interesting how EPM trades. The fundamentals for EPM are definitely positive and easily there and when trying to determine it's fair value with conservative estimates of what's in the ground you can easily say the SP is undervalued. especially with all the tenements EPM has.

With that said EPM doesn't have the trading volume yet to be able to confidently trade which is why whilst we bounce around with price ranges, It's not enough volume or movement to be on the RADARs of day and T+2 traders. I'd also suspect that EPM doesn't seem attractive to other brokers as there isn't much cashflow. I think once that's sorted with talks of commercialisation that may be enough to get some buying power in EPM.

With all that being said I think we can say that EPM is in a range of 1.8 to 2.1 now. going north will bring back that 2.1 to 2.3 trading range. though until we get some serious volume to outweigh the broker capping at 2 cents ST traders won't be jumping in