Bullboard - Stock Discussion Forum 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... see more

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Emerita Resources Corp > Buyouts...Majors vs Retail expectations

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Post by Ogopogo007 on Sep 20, 2021 8:57pm

Buyouts...Majors vs Retail expectations

a diamond buyout from a while back. Really..what's sexier than diamonds? Certainly not zinc

Another set of studies for a Canadian diamond mine highlight the disconnect between valuations and the value put on a company by the market. In 2000, Winspear Diamonds Inc. delivered a prefeasibility study of its Snap Lake project, pegging the value at about $600-million after taxes based on an 8-per-cent discount rate, about $17.60 per share for Winspear's two-thirds interest in the project. Just a few months later, De Beers Canada had to be cajoled into offering $5 per share -- up from $4.25 per share -- for the company.

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