EMR emerald resources nl

$5 Target!, page-3

  1. 441 Posts.
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    It should certainly get re-rated as having domestic gold production will increase its kudos, never-mind the ability to do dividends. One assumes the ongoing production costs in Cambodia are small compared to a similar operation in OZ, so you'd have to expect that the ASIC will be a lot higher for an Oz goldmine. On the other side, the Cambodian operation pays significant outgoings to sprott based on the POG etc as part of the loan to fund the mine, you'd assume that EMR will have the wherewithal to fund the OZ gold mine and production in a lot less costly manner, so maybe all things considered the net return per OZ ounce will only be a little more expensive.

    When all the bullzeye dust settles and they get into OZ production, $5 is not a fanciful figure IMO.
    Last edited by tangey99: 30/11/23
 
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