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.
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4.5¢ |
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Mkt cap ! $17.28M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.5¢ | $6.88K | 152.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 258855 | 4.3¢ |
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Price($) | Vol. | No. |
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4.5¢ | 326066 | 3 |
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No. | Vol. | Price($) |
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3 | 258855 | 0.043 |
1 | 11595 | 0.042 |
1 | 24390 | 0.041 |
2 | 30716 | 0.040 |
2 | 196621 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 326066 | 3 |
0.046 | 173300 | 1 |
0.049 | 16500 | 1 |
0.050 | 23278 | 1 |
0.053 | 143630 | 2 |
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