This is from Proactive investors
Analysis
The first round of assays from Edna Beryl West have unlocked a number of opportunities for Emmerson.
Not only do the high grade assays reflect extensions from previous drilling, they suggest that a much larger system exists in the area of the Edna Beryl mine, which is moving into production this year.
The Emmerson share price is up 35% year to date trading currently at $0.05 per share.
As a near term producer, Emmerson is highly leveraged to the AUD gold price, which is trading at A$1,740 per ounce, near to its 3 year high.
Emmerson continue to be fully funded in their ongoing exploration through their joint venture with Evolution.
With $5.5 million cash plus potential for risk free cash from small mines, Emmerson is highly leveraged to success across all strategic horizons.
This is from Proactive investors Analysis The first round of...
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