Questions for scheduled interview: @Drjimjones with CEO EMO The following questions are absolutely central to better assess the investment case in Emerita Resources. Of course, it is about the two central projects "Aznalcollar" and "IBW" (Iberia Belt West). In conclusion, I will take the liberty of making a recommendation to @Drjimjones:
A) Aznalcollar
1.
What are the procedural steps in the proceedings against the 9 defendants until a final judgment is reached - assuming that all legal remedies and instances are claimed by the defendants. Incl. approximate duration in months/years.
2.
If there is a final judgment with a guilty verdict: What are the exact steps in the administrative process until Emerita Resources is awarded "Aznalcollar" by the relevant authorities. Including approximate duration in months/years.
3.
If "Aznalcollar" is awarded to Emerita Resources: What is the roadmap with milestones until opening of the mine (exploration incl. permit, NI 43-101 resource, feasibility study, financing, permit for mining, etc.). Include approximate duration in months/years.
4.
If "Aznalcollar" is awarded to Emerita Resources: What investment does Emerita Resources expect to make to repair the damage caused by the pollution.
5.
Currently, Minera los Frailes has about 40 people working for Care and Maintenance in the Aznalcollar area. What compensation does Emerita Resources expect to pay to the owners of Minera los Frailes - especially Grupo Mexico - if Aznalcollar is awarded to Emerita Resources?
6.
The mayor is very upset with Emerita Resourcees because Emerita Resources cannot accept to be defeated in the tender and therefore tries to get the award over Aznalcollar by legal means and about the delays of many years and he is concerned about the welfare of the population. There are a lot of unemployed people. What does Emerita Resources intend to do to get the relationship with the mayor and the population back to normal. Fine words are certainly not enough, so what would be the order of magnitude of any payments to the municipality - to the nearest 1 million euros.
B) IBW Iberia Belt West
1.
The Deposit Romanera and further west is in the nature reserve with "dehesa". Is Emerita aware of this and are there examples where permits for mining have been granted in a "dehesa" area in Spain in recent years.
2.
Emerita Resources has engaged FRASA Ingenieros Consultores to assist with environmental issues. How long will it take to get the environmental permit for exploration at El Cura - and what are the chances of that. El Cura is also located in the nature reserve - but lower classified, as not a dehesa area.
3.
Infanta has a permit for exploration work; it did not need an environmental permit. By when can a NI 43-101 compliant resource estimate be expected. (to the nearest 1 quarter).
My assessment: @Drjimjones will not ask these questions consistently - and if they are asked - they certainly will not be answered to the point. However, especially the questions about legal action and the road map at Aznalcollar would be easily answered. If the questions were answered after all, and I concluded that Emerita Resources was undervalued, I would actually buy. One can dream, as with the billion in situ value calculations on CEO.CA.
urai58
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