Dear Fatoomch,
A couple of other developments/improvements include the additional oxygen plant to increase gold recovery (Sprott estimates 2-4%); further debt repayment to Sprott with early repayment allowed after April 2023 avoiding further interest; Sprott's claim of "at least replacement of depletion" at Okvau (say at least 200,000oz+ ?); increased revenue with current spot gold price of US$1,930oz.
If the quarterly report in 6 weeks time is good, that is a great foundation for $2+ end of year share price. The banks aren't offering 33% returns in a 9 month period...
News: EMR Emerald Resources NL Reports HY Profit A$11.9 Mln, page-13
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Last
$3.65 |
Change
0.070(1.96%) |
Mkt cap ! $2.394B | |||
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| EMR (ASX) Chart |