cup and handle, page-11

they will learn their lessons. no worry. here is to stay. $ 1 value company.
I can't stop buying this one - Heavily loaded up - Every man and his dog is jumping on board and trading this one one way or another.
Here are the facts.... EGO has run from 0.8c to 3.5c on their interest in the project... that is a market increase of 4.5 times....

EMR has only increase about 50%.

They started at similar levels (market cap), but EMR has been slow to follow. Given that EMR also have about $4 Million in Cash, and a 100% tenament on the same fault line, plus an 80% chance of success in the drill result in the USA, make EMR a much better bet.

And a $ 1 sp gives it a market cap *still* less than EGO after today..

Straight from EMR ASX Announcement today;

"Emerald has the HIGHEST LEVERAGE to a successful outcome from these two prospects "

".... with only 62.35 million shares and 35.63 million listed options on issue. Emerald estimates that a discovery could add several million barrels of oil equivalent resources, net to Emerald."

Furthmore:

"A discovery at the Valentine or Stokes Bay prospects will greatly enhance the value of Emerald's 100% - owned permit application block EPA 4/05-06 located immediately west of EP104"