I am trying to understand why we have good intersects but yet we are only at 23m mkt cap.
is there something I am missing, we do have sufficient cash as well right?
anyone know what is the expected Zn resource target? previously - if I remember correctly it was 10-15MT @ 5-6% grading? and they were finding for JV partners right.
when is the expected JORC results?
anyone knows what are the treatment charge at current LME prices?
even if we use an excessive figure of 50% for TC and others, this still gives us 400 million (10 million @ 5% and LME of 1,600) worth of zinc at current LME prices.
assuming 1 million tonnes mined a year, this would easily give us what USD$40 million (give or take) a year in revenue. This is at 50% discount! No way is management dumb to agree to any such discounts though.
EMX Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
