Spot gold is currently quoted around US$2045, a tidy gain from the $1800 it was selling at in late January.
that’s a widening margin of more than 10%+ for EMR’s output, adding to an already handsome set of metrics for EMR.
and wasn’t it a state of the art presentation.
i can’t think of anything to complain about - it’s all just like wow.
that said, I hope EMR lifts royalties and any other means of transferring a decent share of windfall gains back to the locals and Cambodian people.
both the company and the country must share in the bounty.
Cambodia’s GDP was cut by one third from the collapse of tourism and travel due to covid. It’s a massive fall and make no mistake Cambodians are doing it tough - it’s horrendous.
EMR either initiates these sorts of talks with the Cambodian and local authorities - or they will.
having a fabulously rich gold mine in an impoverished Southeast Asian neighbour doesn’t sit well with me.
EMR Price at posting:
$1.11 Sentiment: Hold Disclosure: Held
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