EMR 2.57% $3.99 emerald resources nl

Ann: Option Exercise, page-19

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  1. 3,132 Posts.
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    Dear beanpea,

    Do you favour taking any cash offer and then turning solely to WA development, or rather, letting the current plan play out to it's logical conclusion over the next 2 years?

    I love the low costs out of Cambodia and think of the bedrock this creates; I'm thinking only a big offer will get me to accept a cash offer for the Cambodian assets.

    $110M is about 1Moz in the ground looking at AOP, BDC, MGV. EMR can nearly make that every year in free cash. I think of WA developed up and producing; Cambodia humming in 2026 in various locations; dividends in 2/3 years; then looking at neighbours/other mine acquisition/s! 500koz pa within 5 years of today! Am I being greedy, a fantasist, or a realist?

    Interested in hearing the members' views about desired outcome re which path the company should pursue.
 
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