tick tock for emgo, page-13

The only thing you are missing is the interest of Mr Market.

Patience required here - but you are correct EMG has ticked all the boxes.

The recent DSO discovery was a very positive surprise, and yet the buyers did not arrive in any number.

Probably the only negative against this stock is the likelihood that any transition into production is likely three years away with OPR scheduled for completion at that time.

Perhaps for now the big buyers prefer to be elsewhere - with faster timelines for production.

For example, I'm heavily into IOH and they (currently) have about 400mt of Fe resource and a market cap over $200 mill. IOH have a good amount of DSO and high grade ore. They might be in a position to produce on a small scale soon.

Compare this with EMG - 500mt of low grade ore (so far) plus a new 120mt DSO target... And a micro cap of $18 million.

It is only a matter of time until EMG plays catch-up IMHO.