Yeah a bit strange, oh well it bounced back to -45, my order didn't get hit which is a bit disappointing.
Whilst folks are trying to come up with the valuation model for the future EMH its also important to mention that EMH still needs to get off the ground and become a producing asset, less that 1% of ASX listed miners ever produce anything! A few lucky ones get takenover/bought and the rest delist, or go into administration, change domicile status etc. It is a true miracle to watch a small capped ASX minnou to produce anything, so if EMH ever does even if there is no $-gain involved, it'll be quite amazing.
So any theoreticals about the valuation of EMH in Stage 2 production mode of 60ktpa @ $80,000p/t are somewhat pointless. It has taken EMH a good 13+ years to get to where it is today with another 4-5 years, inclusive of delays, to reach production, so Stage 2 of 60ktpa ...I say maybe in 2032? Anything can happen between now and then. It is fun to fantasize a little, I get it.
EMH Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
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