A post sparkler did a while ago and when you look into EMU more you will see why the people behind it and the set up into this drilling campaign is the best you will see in years.....
The genesis chaps look to have a very solid track record - BHP, NEWMONT finds and some very big ounce deposits finds.
Acquisition terms look very friendly and structured towards a reward case scenario
EMU directors also have excellent track record with the Sandfire Deposit.
Existing Cash - $2.5m
MarketCap @ 10c (undiluted) - $3.9m
Top 20 hold 68%
EMUCA (listed contributing shares) - 36m tradeable (Top 20 hold 92%)
Strong uptake in recent unlisted options issue with only a $60k shortfall.
Looking at the deposit type and drill hole location, three possible outcomes here:
1. They drill and hit nothing. Sp drifts back to 6c
2. They hit gold and sp goes $1.00 ($40m mktcap undiluted)
3. Upside is they hit VMS style deposit then it goes $80m-$100m mktcap
EMU Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
