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Emerita Resources Corp V.EMO

Alternate Symbol(s):  EMOTF

Emerita Resources Corp. is a Canada-based natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company has a 100% ownership interest in the Iberia Belt West (IBW) project located in the Iberian Pyrite Belt in southern Spain. The IBW Project encompasses three polymetallic deposits. The IBW Project is located in the western part of the belt, adjacent to the border with Portugal, approximately 144 kilometers (km) west of Seville and 50 km from the port city of Huelva. The Nuevo Tintillo Project consists of one exploration permit comprising 227 mineral claims in Seville province, in the Western part of the Iberian Pyrite Belt and covers over 6,874 hectares. Its La Infanta Sur Project consists of one exploration permit comprising 28 mineral claims in Seville province, in the western part of the Iberian Pyrite Belt and covers over 848 hectares.


TSXV:EMO - Post by User

Bullboard Posts
Post by Campinon Feb 20, 2015 7:47pm
75 Views
Post# 23450191

Well, that's that....

Well, that's that....We didn't get it, Mexico-Minorbis to be awarded Aznalcollar, they scored 75.9 to our 73.6.. Real shame, think it would have been, at least, an easy triple from here if he had.

Emerita does not seem to happy with the outcome though, there lawyer released a few statements (that I had to translate into english) expessing disappointment for some sort of lack of transparancy, threating possible criminal charges and expessing incredulity that they would award this to a company that has a questionable enviornmental record...

Wouldn't mind knowing where we lost it, couldn't find a breakdown of our score but Mexico-Minorbis scored:

"The first block is the research plan, including a maximum of ten points, assessing issues such as the amount allocated to this parameter, the technical quality of the project that is intended to address, and the length of time devoted to this purpose. Minorbis-Grupo Mexico has gained 7.3 points in this section.
The second block is the mining project, the maximum score is 60 points, and where the proposals that the tenderer has performed on safety measures, facilities, processing plant and treatment plan options, environmental proposals, treatment is valued Water or deadline for the implementation of the farm, among others. Minorbis-Grupo Mexico scored 46.8 points.
The third block is the economic and financial viability, with a maximum of 20 points;section that have been assessed economic forecasts project. Minorbis-Grupo Mexico scored 20 points.
In the section on improvements ten points maximum, which included additional commitments to social and environmental nature Minorbis-Grupo Mexico scored 1.8 points."

Find it interesting that they got a 20/20 for economic and financial viability, makes me think this is where we lost it or maybe this is where the score was padded to ensure a win for them? Also they scored horribly on additional commitments, only 1.8/10...

Ah well, probably a long shot anyway.. Still have a million euros and with this behind us they can focus on exploration plans for their gold properties... Hope they give us an update soon on that, a long silence can only hurt the company....

my sources:
one
two
Bullboard Posts