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Euro Manganese Inc V.EMN

Alternate Symbol(s):  EUMNF | EMNAF

Euro Manganese Inc. is a Canada-based battery materials company. The Company is engaged in advancing development of the Chvaletice Project in the Czech Republic and exploring an opportunity to produce battery-grade manganese products in Becancour, Quebec. The Company is focused on the development of the Chvaletice deposit, which involves the re-processing of a readily leachable manganese deposit hosted in the tailings of a decommissioned mine in the Czech Republic (the Chvaletice Manganese Project), for the production of high-purity electrolytic manganese metal (HPEMM) and high-purity manganese sulphate monohydrate (HPMSM) and other manganese products, principally for use in lithium-ion batteries. The Company holds two exploration licenses for the Chvaletice Manganese Project, which is located approximately 90 km east of Prague in the Czech Republic.


TSXV:EMN - Post by User

Post by miningfundion Apr 02, 2024 12:29pm
116 Views
Post# 35965398

What's the problem with this stock?

What's the problem with this stock?The CEO reminded us today that the 2022 Feasibility Study valued the project at US$1.3 billion before debt gearing. This works out at about CDN$4.35 per share. Debt gearing should increase this value significantly. There are about 38 million options outstanding but the exercise prices are significantly higher that the current market price. So why is the stock price so pitifully low? Time to buy ....
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