Emerita Resources Corp V.EMO

Alternate Symbol(s): EMOTF

Metals & Mining Industrial Metals & Minerals

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.

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Emerita Resources Corp > IBW vs Matsa

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Post by Drjonestwitteron Sep 17, 2021 6:31am

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Post# 33876221

IBW vs Matsa

Matsa Comp. Ibw grade is +50% higher and outcrops at surface, Matsa ore begins 200-300 meters down, Adding 2 million tons at La Infanta alone = Ibw resource will be greater in dollar value then Matsa, upon conclusion of 2021 drilling of La Infanta and Romanera Ibw will vastly eclipse Matsa resources value. https://cdn-ceo-ca.s3.amazonaws.com/1gk8r2e-23B9940E-0F4C-4869-9581-9948D354F3C9.jpeg-

https://cdn-ceo-ca.s3.amazonaws.com/1gk8r2e-23B9940E-0F4C-4869-9581-9948D354F3C9.jpeg

. Matsa: 3 deposits, 32Mt @ $290/ton = $9.2 Billion in resources, beginning +200 meters below the surface IBW: 3 deposits, 14Mt (so far) @ $500/ton = $7 Billion in resources, beginning at surface IBW has much higher grades, outcrops at surface and is open to expand by more then 100% Matsa is valued at $2 Billion - $400 million for the existing mill and development = $1.6 Billion for the resource, discounted by 25% for margin of safety = $1.2 Billion implied Comp Value of IBW min. $1.2 Billion / 220 Million shares out FD = $5.46 USD per share in value just for IBW alone. 3 high grade deposits: La Infanta, El Cura and Romanera. The numbers do not include the potential for discovery on Ibw or the potential on the other 6 land packages added to IBW increasing its scale by over %300 https://cdn-ceo-ca.s3.amazonaws.com/1gk8rd7-DB13CBFF-8D4A-4CEA-88FA-47FC09789A1A.jpeg-