EMR 1.88% $3.66 emerald resources nl

You can buy 100,000 EMRO for $12000100,000 EMR would cost...

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    You can buy 100,000 EMRO for $12000

    100,000 EMR would cost $23000

    If Valentine is a duster EMR could conceivably go back to 13c (lose $10000)

    EMRO would probably head back to 5c (lose $7000).

    Upside is similar in the event of success.

    So yes you could lose more in % terms with EMRO but lose less in absolute terms, because you can buy the same upside for less.
 
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