ERM 1.75% 5.6¢ emmerson resources limited

Ann: Stunning 117m at 3.38% copper drill hit at Hermitage project, page-267

  1. 4,163 Posts.
    lightbulb Created with Sketch. 6259
    Morning all.
    @Jayman101 That cxo call when you made it, was a life changing event that I missed mate.
    Always happy to see events like that and knowing that it changes the lives of others.
    I am not in erm but have been very tempted and more so atm.
    Looking forward to the next results but have no doubt that they will be extensions of what they have already found.
    I am exposed to the district ( georgina Basin ) through tms, icg, mdi and all the way across to Mt Isa with cnb and cpm.
    I think they all have the potential to find multiple discoveries.


    https://hotcopper.com.au/data/attachments/4260/4260121-89676f095d28bfa896225548ac42690d.jpg

    If there are some that think this hole is a one off and the possibility of repetition is low, I think they need a further look.
    If they have that Mag anomaly correct by the red colour suggestion, then there could be much more to come here.


    https://hotcopper.com.au/data/attachments/4260/4260122-2fccc3d6265eb9679f7cda3150e4066e.jpg

    This next pic and the description on the LHS sums it up nicely.
    The Hermitage discovery hole is the16th best hole globally in the copper value alone.
    Now have a look at the bottom of hole gold values that are not part of that assessment to make it 16th.


    If that's not good enough then how about that hole at Mauretania.
    These holes are way too good to be ignored by the market and anyone not taking note here does so at their own peril.


    https://hotcopper.com.au/data/attachments/4260/4260128-aa710b948c7eb48ba4bb37f5db56662a.jpg

    All I can say is that, it is a pity the rig ran out of puff on that hole HERC003.
    I am guessing HERC004 results left some doubt but a DD tail into hole 3 will give further indications to that HG gold at depth.
    Next is to see just how big that breccia pipe is.
    Their JV with TPMG is a very lucrative royalty situation so that will be bringing in funds for a long time to come.
    A process plant in this area will be under some demand and could also unlock the riches at Edna Beryl.
    This year could also see Jasper Hills approvals and a repeat of Hermitage.

    This is an easy holding for those on board.
    I haven't jumped in YET.
    Kind regards and thanks for the tag @Jayman101
    Wack.

 
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