EMC 4.17% 12.5¢ everest metals corporation ltd

Ann: Maiden JORC Resource at Mt Dimer Gold and Silver Project, page-31

  1. 11,472 Posts.
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    Exactly but I have come to expect negativity in these threads regardless of what is released. It wasn't long ago that several posters jumped on board the 'JORC is not happening until after more drilling' bandwagon! Today is no different. The lack of SP movement gives them flames to play with, luckily for their agenda! However its June and tax sell off time, a lot of traders exiting the party, taking the loss and looking elsewhere. We wont get a re-rate until the first few months of the new financial year IMO. By then gold should be well above $2000usd imo, thanks to worsening inflationary concerns and ongoing poor sentiment for crypto.
    I think most people would be pretty happy with a first start $100Maud JORC resource. Don't forget management have outlined in the latest CR that further exploration is to come at Dimer. We have plenty of land without much drill action. To date our main focus area is of the existing mine but plenty of upside in surrounding areas to potentially significantly add to the figures released today.
    Look at recent results from AUN who hold nearby tenures and you will see that the gold is everywhere!
    Management are looking to capitalise on increasing gold sentiment and will have plenty more updates at Dimer and our other projects such as Rover in the near future.
    IMO we will need a further Capital Raising in the next 6 months to really heat up the drilling and expand exploration in all our projects, however with this JORC and the guarantee of cashflow and a big de-risking of the company assets I think any further CR will be well received as holders will be genuinely happy to add more value and speed up the process.
 
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