EM2 has a significant "wall of worry" to overcome, both at a company and a macro level, before we will see a march north I suspect.
- Slow reporting of drilling results
- Waiting on the results of a feasibility study
- Waiting on permits to drill new areas
The company has demonstrated that there is plenty of copper there, at good grades, with high grades of silver as a secondary resource. Without a feasibility study, it is not possible to determine the profitability of the mine at different copper prices, how much money is needed to develop the required infrastructure and therefore place a value on the project. No major will be placing an offer on the table until those questions are answered.
The feas study is the lynchpin to all of this IMO.
EM2 has a significant "wall of worry" to overcome, both at a...
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