Emerita Resources Corp V.EMO

Alternate Symbol(s): EMOTF

Metals & Mining Industrial Metals & Minerals

Emerita Resources Corp. is a natural resource company engaged in the acquisition, exploration, research and development of prospective mining properties in the Iberian Pyrite Belt (Spain) with a focus on traditional base metals (zinc, lead and copper) and precious metals (silver and gold). The Company has a 100% interest in the Iberian Belt West (IBW) project. It also holds the Nuevo Tintillo project, both located in the Iberian Pyrite Belt in southern Spain. The IBW Project encompasses three polymetallic deposits: Infanta, El Cura, and Romanera. The IBW Project is located in the western part of the belt, adjacent to the border with Portugal, approximately 144 km west of Seville and 50 km from the port city of Huelva. The Nuevo Tintillo project is located in the eastern part of the belt, in Seville Province, between the deposits of Aznacollar, in the southeast, and Rio Tinto in the northwest. It encompasses 6,875 hectares (with 7,625 hectares pending) and has a rectangular shape.

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Emerita Resources Corp > From Clarus Today

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Comment by Fyordianon May 05, 2022 1:03pm

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Post# 34659145

RE:RE:RE:From Clarus Today

Back in 2015, EUR$200M estimated project costs and 30% was required upfront.

Adjusted for conservative inflation, EUR$250M today, converted @ EURCAD 1.35 = CA$340M.

CA$340M x 30% = CA$102M capital.

With optimistic assumptions of holding all else constant, fully diluted and fully exercised. EMO needs another CA$35M to meet the upfront qualifications. Only way that happens is by additional capital raises and ballpark 50M shares x $1.50 = CA$35M of additional equity raises

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