TSXV:AEMC - Post Discussion
Post by
geolteacher on Feb 29, 2024 4:07pm
really interesting company!
February Mineral Resource Estimate:
- incredibly high grade polymetallic deposit that's quantified as an AgEq.
- the resource may be - currently - too small for it to be economic.
If the second point is true, it may partly explain the ongoing share price decline, despite bang-up good exploration and resource news releases.
the project has great potential for growth.
the company needs ~30 months of money to drill of more resource and produce an MRE showing much greater rsource.
if they don't get a good financing, they are likely to struggle and SP is likely to continue downward.
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