It's not about building a mine.... Yet.
It's about:
One million tonnes of iron ore.
Likely upgrade of that resource to 3-5 million tonnes.
A willing Chinese JV partner.
Very low market cap.
Low number of shares on issue.
Just look at UMC - nice ore grades & resource but trapped in the middle of nowhere. $140 million market cap and looks like getting a take-over offer soon.
IMO EMG will smash $1 on good news and STILL be under $50 million market cap.
about to be hottest share on markey, page-11
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Mkt cap ! $201.7M | |||
| Open | High | Low | Value | Volume |
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