The big news coming Q1 2021I'm a long time investor and done my DD on ESM. The only issue with these guys is their lack of news flow but right now it's simply a waiting period. Next quarter should see a huge re rate when the Urbanism for Plan Certificate and the Project Technical Design Certificates are approved in order to make a construction decision, along with a DFS that should really get investor's attention. By including the Rovina deposit with Colnic and extending the mine life from 12 to 18 years the production profile would be about 122K oz Au and 27mm lb Cu using a $1500 gold and $3.00 copper price the NPV will approximate $700mm-725mm U.S. or $900mm - $1B Cdn. With a capex of $352mm U.S. and permits in hand this should re rate at .70NAV around $1.00 - $1.10 share based on a 600mm share count once production begins. At 1.0xNAV would be $1.50 - $1.67 share.
And remember these guys cleaned house and got rid of Forbes & Manhatten and replaced them with better people who are pushing this project forward. Probably worth the wait. : )