Coolykid highly unlikely a CR would be needed this calendar year unless a decision to mine was given and that would be very un likely. Only reason for a CR would be for expedited drilling at silver mines U308 exploration.
90% of this year's expenditure has been allocated already hence the CR of 4million.
Management would of done their forecast and not be stupid enough to leave themselves short.
Yes in 18 months EM2 will be looking at all funding options as they gear up for building EM2 mine plant for processing. That's a given IMO. This will be a copper mine at the mid tier level. The only way EM2 does not mine at Oracle Ridge is if they are swallowed by a major.
The M&A activity in the junior copper space should be watched closely and it will be the ones with proven resources and metallurgical work done or underway that will be swallowed first. Majors are going to be hungry for reserves and projects that can be fast tracked into production.
Anyway good week for a change and yes many more good weeks are needed.
Cheers
EM2 Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
