Yep, I agree. If the copper price goes where many are predicting and the scoping study looks positive then this could easily head back to $1.20. At that price the options would be worth $1.00 each.
So a 6c investment today could be worth $2.20 in a couple of years.
Funding is obviously the big risk but with Charlie Bass at the helm and the very real possibility of getting US Government financial support I think the risk is a lot less than the current share price seems to be assuming.
EM2 Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
