Its a Bear Market A year ago the market loved EMO's massive proven historical resource. EMO was dirt cheap!
One year later the market hates that same massive historical resource proven 20% larger by 14 Emerita drilling rigs running the largest current drilling program in the world..
The assay results just keep clearing the lab revising the historical resource upward again and again. The historic resource proven larger means EMO is CHEAPER than a year ago.
Those are the facts on the ground exterior to the market and what it currently 'thinks'.
I feel a lot of sympathy for the sellers. At these prices they are almost all under water and its awfully hard to hold these days.
So good luck to the sellers. And hang in there longs.
Its a bear market.