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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
Comment by Campinon Feb 21, 2015 9:51pm
53 Views
Post# 23451956

RE:RE:Well, that's that....

RE:RE:Well, that's that....     Seem a lot of enviornmental groups, not surprising, are very critical of this decision considering Groupo Mexico just recently (this past Aug) had a spill at one of there mexican mines that's not unlike what happen all those years ago and to boot they only admitted to it 24 hour later after they were caught and couldn't deny it...

     I'm not sure if Emerita will persue charges, if they would be looking for some sort of damages or something else?
     But after reading what has been reported this does seem a little fishy, seems Mexico-Minorbis didn't make the deadline in phase one but was allowed to participate anyway.  Emerita has been very transparant and prepared handing in all required documentation, making sure to dot all their i and cross their t and made sure all levels of government were involved where Mexico-Minorbis has been much more secret about it not devolving anything to anyone but the Bureau of Competition (not even local government) and when Emerita requested this information it seem they were denied and it seems even like the Bureau might have been protecting there "chosen one".  There is also a feeling by EMO and others that considering their environmental record they should have been disqualified on those grounds alone...

I think money is what this comes down to, Groupo Mexico is very large with cash in hand so the feeling is they can get this running quickly where EMO can raise the money and have the know-how to get it built, but would have to, I'm guessing, prove it up first, make it 43-101 compliant, economic assessment, etc... In order to attract that money needed to get it built...

So in the end I can see why they feel a little pissed, were they even taken seriously? Because they certainly took this very seriously and my very well have been cheated it seems.
Bullboard Posts