Expanding Value on Their Properties The commodity markets are expected to see significant improvement in both demand and investment as inflation remains at an elevated level, but rate hikes begin to taper and slow. After a tough 2022, the markets are looking to come back to relatively strong levels.
https://www.aa.com.tr/en/economy/upward-trend-prevails-in-commodity-market-last-week/2801487
$EMR.V just made two significant discoveries over the past week, and as they continue to pursue exploration, things are continuing to improve for their value proposition.
Their JV partner owned by Rio Tinto discovered a new copper target at the New York Canyon property. It is about 1,650m long by 1,400m wide and is open in all directions. This now increases the three known targets to four, and as Kennecott still needs to expend $22.5M for a 75% interest in the property, there’s a lot more results to come.
At their Trecession property in Quebec EMR drilled visible gold in their current 4,000m program (only 669m so far and already found visible gold). Considering historical grades reaching up to 33.1 g/t Au, once the samples are analyzed I’ll be keeping a close eye on the results.
Overall, EMR is developing quickly as they continue to add value and pursue exploration at their properties. The current $7.6M market cap provides a significant upside when considering the potential of their projects and the value of their JV with Rio.