Emerald Resources (ASX:EMR)

Discussion in 'Stocks & Derivatives' started by mmm....shiney!, May 31, 2021.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I've held this since April last year and have really let the surge in the SP get away from me. It's the only pure gold play I own and on reflection I probably should've loaded up some more in Feb/Mar this year as I can't see it getting back to the 77c -80c range where I'd buy back in.

    I'll wait until we see a correction in the SP before doing some more sums.

    Anyone got any thoughts on EMR?

    [​IMG]
     
    GoldenEye likes this.
  2. nickybaby

    nickybaby Active Member Silver Stacker

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    seeing as I have 5 spare mins. From the information on the companies website

    516 million shares on issue.
    MC of 600mill

    1.14M oz of gold at an ASIC of 750. using $2250 as current gold price

    1140000 x $1500 = $1.7 B profit over 7 years.

    they have used a gold price of 1400. and estimate paying back the mine costs over 2 years. ( just under). ( just wow now that gold is 2400)


    Chart as you would expect looks good. assuming political stability i'd probably look for a pull back on macro economic data to the 87c value ( although it may not drop to that level)
     
    mmm....shiney! likes this.

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