Re: $EMO - Interesting Article !by @Drjimjones on 19 Apr 2021, 16:09 
JUST THE HIGH-GRADE. Eric Sprott backs Poly-Metallic Explorer Emerita Resources, first drilling in 20 years, historical resource +$20 Billion, LOCATION, LOCATION, LOCATION EMERITA RESOURCES: $EMO is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain’s prolific Iberian VMS Pyrite Belt. The company's focus is on 2 large strategic package in the belt containing 3 high-grade poly-metallic mineral deposits containing Zinc, Copper, Lead, Silver and Gold. Management has spent decades with major mining companies globally and has a successful track record that includes numerous mineral deposit discoveries and subsequent project developments in North and South America, Africa and Australia. Note: What I find intriguing is that this small juror VMS focused explorer was able to fight and secure 2 exceptional leases (1 pending) with historically high-grade resources drilled out in a world class VMS belt. One lease was secured via a 5 year court battle the second is about to conclude after a 6 year court battle where the Supreme Court of Spain recently deciding in their favour.
On Feb. 2021 they have secured final drilling permit approval and funding.
If you follow the news you will see as soon as permits were awarded and the Superior Court of Spain ruled heavily in Emerita favour for the second pending lease then Mr. Eric Sprott personally invested $3 million dollars just hours later after the announcement taking more then 10% of the company. (I always take note when he invests in a base metal play, he is much more selective with them then with his shotgun approach to his Gold investments, notably EMO has well over 150 million ozs of Silver and close to 1 million ozs of Gold in their historical resource to enhance the huge Zinc, Copper and Lead resource….more on that later….)
I always love these type of sleep giant companies because they lay dominant for years, forgotten, boring, no one cares then everything changes dramatically much like WallBridge Mining when they acquired Fenelon that gained 2000% in the 2 years that followed.
These land packages haven’t seem a drill bit for more than 20 years. It's the sleeping giant effect. Consider what the prices of gold, silver, zinc, copper and lead were 20-30 years ago, when Rio Tinto 1990's and the prior owner in the 1970's drilled out the Romanera Deposit for example they didn't even assay a large portion of the cores for gold. The deposit as is boasted close to 1 million ozs of gold already and that's just a by-product. Each of they three independent deposits they have has the potential to become a company-maker on it’s own. Emerita has three shots at billions in shareholder value.
It’s very interesting considering we are in a metals bull-market being fuelled by globalize economic expansion. The world economies are synchronized towards growth at a time when supply deficits in the metals like Copper, Zinc and Silver are looming.
The 3 historical deposits with a total metal value exceeding $20 BILLION USD and open for expansion.
The Sprott timeline:
Feb 4, 2021
https://ceo.ca/@nasdaq/emerita-resources-receives-approval-for-infanta-deposit
Feb 10, 2021
https://ceo.ca/@nasdaq/emerita-resources-provides-update-on-aznalcollar-legal
Feb 10, 2021
https://ceo.ca/@newswire/iiroc-trading-halt-emo-0be9f
Feb 10, 2021
https://ceo.ca/@nasdaq/emerita-announces-3-million-strategic-private-placement completely funded by Eric Sprott directly