ERM
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1.72% 5.7¢ emmerson resources limited

Ann: Maiden High-Grade Golden Forty Mineral Resource Estimate, page-2

  1. Caromb15
    1,089 Posts.
    lightbulb Created with Sketch. 117
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    06/05/24
    09:59
    Post #: 73679132
    If this mine gets developed and all the gold resource is extracted, ERM can look forward to getting $28m cash at current gold price.(6% royalty)
    That doesn't look too bad against current market cap of $25m or EV $21m.
    Of course chances are that maybe 60-80% of the gold can be extracted, IMO, so that becomes $17-22m.
    And this will take a few years, so NAV is less than this.
    Í'd like to abit more action at the 100% owned projects that may be the real bonanzas.
    ERM Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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