EMC ValutationAt times there is so much wasted enery on these boards.Best described as school boy bullying and bantering. My experiences as a 29 year militray veteran has taught me that those whom banter the most, most often are the least informed.
Current EMC Valuation is based upon public setiment. Lets just state for example a gold company reports a very successful drill campaign, and adds + 5 moz to their proven resource of 10 moz. SP will reflect this. Going to take years for them to get the proper permits, pass all regulatory approval, possibly raise capital, begin the construction of the mine, the comissioning of the mine, battle the weather. possible local bandits, governments that can change hands over night. Consider also the huge environmental impact. All the same regardless of what they are digging for.
The following bold lettering is from a Gecko Research Report:
EMC is fully finaniced for phases 1, 2, 3. Phase 1 is already producing and Phase 2 will take Emblem to a total production capacity of 2,100 kg (Q2 -17). Phase 3 is already financed and will take total production to a rate of 11,600 kg (Q4 -17). Phase 4 could start producing in Q2 -18 and would bring Emblem's total capacity to 21,100 kg.
Canopy Growth was the first Canadian marijuana company to reach a Billion dollar valuation. If plans become a reality, Canopy will reach a production capacity of 24,300 kg in 2018 while Emblem's plans will take them to 21,100 kg in the same timeframe. By that calculation one could argue that Emblem will reach a Billion dollar Mcap in the not too distant future. It's still not a fair comparison to make as Canopy have come further along. But it gives a feeling and an idea of where Emblem very well could end up.
Meanwhile at the end of Q2 2018, the gold company is still battling local politicians for royalties or building a school for the local inhabitants, who just may end up getting poisioned from the run off of the gold leaching ponds.
IMO, pot is the gold rush of the future. It does not harm the environment and if vapourized, little affect on the lungs.
WIshing you all a Safe and Happy New Years. Prosperity for all!!!