I view this as a very good comparison regarding disconnect between our market cap and comparable copper plays with established resources aka CNB as you have pointed out. Both companies will be publishing a scoping study very soon so will be interesting to see the economics for both. We have very good infrastructure already in place as well. I’ve always maintained this company is a nice buyout play for anyone in the area looking to expand. Nice bolt on acquisition.
Now that the cap raise is out of the way and I suspect the flippers have been flushed out (placement holders who merely flipped the stock so they could retain the options), this is a coiled spring waiting to release. With copper price finally doing what everyone expected it to do, this has a good 2-3x upside in my opinion to become comparable market cap with CNB which I think it should be. I have averaged down over the past 6-12 months and have a cost base of 6.4 cents. I still can’t believe people were willing to sell this in the low 5 cent range with the impending copper shortage. Cheers, CP
EM2 Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
