Emmerson Resources with a market valuation nearly twice that of TMS has a resource at Hermitage that may or may not get into production but with the addition of resources from the Barkley and Barkley-Babbler tenements almost certainly will. A Scoping Study for the combined resource would detail the economics for this synergy and I would expect one down the track. The financials are likely to be robust and compelling. The projects are close together, both high grade with similar metals Cu, Au, Co well suited to processing through the same plant. A JV between these companies is a distinct possibility imo to create the next Peko Mine. Potentially a billion dollar company imo
TMS Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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