EM2 has a significant "wall of worry" to overcome, both at a company and a macro level, before we will see a march north I suspect.
- Slow reporting of drilling results
- Waiting on the results of a feasibility study
- Waiting on permits to drill new areas
The company has demonstrated that there is plenty of copper there, at good grades, with high grades of silver as a secondary resource. Without a feasibility study, it is not possible to determine the profitability of the mine at different copper prices, how much money is needed to develop the required infrastructure and therefore place a value on the project. No major will be placing an offer on the table until those questions are answered.
The feas study is the lynchpin to all of this IMO.
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5.4¢ |
Change
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Mkt cap ! $19.64M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.4¢ | $50 | 925 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 5.2¢ |
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Price($) | Vol. | No. |
---|---|---|
5.6¢ | 32606 | 1 |
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No. | Vol. | Price($) |
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1 | 7000 | 0.052 |
1 | 2580 | 0.051 |
7 | 651000 | 0.050 |
1 | 68750 | 0.049 |
6 | 79126 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 32606 | 1 |
0.057 | 100000 | 1 |
0.058 | 100000 | 1 |
0.060 | 106868 | 2 |
0.061 | 34500 | 1 |
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