Emerita Resources Corp V.EMO

Interesting commentary

[Drjonestwitter]

@SergeantBenton Just got the time to circle back and actually listen carefully to the Doc’s very detailed audio dissection of the Clarus Research Report. I highly recommend listening to it again, carefully, with a paper and pen and calculator in hand and no distractions in the background, and cross-check as many of the estimates as you can as you go. This requires a lot of pausing and rewinding, not listening to it all in one go. It turns the thirty minute audio into a two hour exercise to really let it all sink in. It is a very compelling case for why a CAD 4 billion market cap is not just the ideal scenario if everything works out without a hitch (which is how I had previously viewed it), but really should be considered a baseline conservative case, with eventual valuations above CAD$4 billion not unreasonable. Primarily pay attention to the underlying gross tonnage, grade, and commodity price assumptions made by Clarus and why necessarily they only included certain portions of some resources - for now - to arrive at their price targets of CAD$4.50 (without AZN), or CAD$6.25 (with AZN), or CAD$13.25 (bullish scenario on page 14 of report), and then the extrapolation of Clarus’s conservative assumptions with the delineation of all historical resources across all properties (both IBW and AZN) and how their conversion to 43-101 compliance, with a realistic amount of expansion on some properties assumed, can quite easily justify a CAD$4 billion market cap. I consider this particular audio to be @drjimjones clearest explanation to date of the value proposition here, similar to the way Mr. Gower’s recent company overview on Mining Stock Daily was also his most lucid moment to date. https://podcasts.apple.com/ca/podcast/digging-into-clarus-securities-$6-25-price-target-on-emo-v/id1568221675?i=1000530888716

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