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$3.96 emerald resources nl

That sounds like a "cunning plan" Mr Binwood. (Baldrick) "Don't...

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Gwaihir

5,175 Posts.

3798

07/12/21

13:08

Post #: 58128647
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Originally posted by binwood ↑

Let me start by saying I am 1000% speculating.

I think the deal goes like this. We lock away Bullseye. We then take out Bronzewing for $50m + $70m for rehab, done completely with the Sprott debt.

Once we have locked up what we need then we can telegraph the strategy to the market.

We have 35km of drill logs not in an MRE. If grade continuity exists this could easily double or more the existing MRE. I am gonna guess and say we have 600koz there at 2g/t.

2Mtpa plant at 2g/t is basically replicating Okvau data so we add another 120kozpa production. Probably another A$140m p.a in FCF.

Bullseye already has ML approved. If we buy the plant then in terms of feasibilities a lot of hard work is done. Just need to work out a mining plan. Could be producing in 18months IMO

Then they will start cleaning up the stragglers of the region.

Watching the PA today says there is more to this than is yet apparent. Or at least that is my take away

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That sounds like a "cunning plan" Mr Binwood.

(Baldrick)
"Don't worry Mr B, we have a cunning plan to solve the problem ..."

Gw

EMR Price at posting: $1.09 Sentiment: None Disclosure: Held
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Last $3.96		Change 0.110(2.86%)		Mkt cap ! $2.598B

Open	High	Low	Value	Volume
$3.95	$4.00	$3.92	$5.094M	1.283M

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No.	Vol.	Price($)
3	7323	$3.96

Sellers (Offers)

Price($)	Vol.	No.
$3.97	18834	4

View Market Depth

No.	Vol.	Price($)
1	4522	3.960
4	4685	3.950
6	28179	3.940
2	5709	3.930
2	5709	3.920

Price($)	Vol.	No.
3.970	1356	1
3.980	13999	2
3.990	85680	6
4.000	336377	16
4.010	63551	4

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