EM2 2.99% 6.5¢ eagle mountain mining limited

Ann: Mineral Resource Estimate Increased to 28Mt @ 1.35% Copper, page-11

  1. 392 Posts.
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    For anyone interested.

    CNB 21.8m tonne @ 1.3%Cu for 283000 tonnes of Copper
    148000 ounces of Au (Gold)
    21m cash, no debt
    Market Cap 98.5 million

    EM2 28.2m tonne @1.35%Cu for 380000 tonnes of Copper
    142000 ounces of Au (Gold)
    10,000000 ounces of zag (Silver)
    1.6m cash, 3m debt
    Market Cap 16.2 million

    Two more points of interest
    1/ I am no geo but understand that the copper deposit that EM2 has doesn’t need to be smelted, like the majority of copper deposits do, and new technologies available make the style of copper mineralisation at EM2, very economical to extract, more than happy for someone, with a better understanding of this to explain it in more detail.
    2/ If you research the history of the main player involved in EM2, there is a history of developing projects and then being taken out by bigger companies at a decent price.

    GLTAH
 
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