Bullboard - Stock Discussion Forum 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... see more

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TSXV:EMO - Post Discussion

Emerita Resources Corp > EMO lovers are missing something

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Post by BSdetector2016 on May 26, 2023 12:00pm

EMO lovers are missing something

The world is awash in zinc. Ivanhoe will soon be mining 35% zinc + byproducts. They will make money at any zinc price, and keep the market well-supplied. Only the best deposits will get developed, or acquired by majors to be developed. Cheap power in Europe doesn't exist, so smelting on that continent is expensive and probably won't happen. The offshore smelters know this and will charge accordingly. 4% zinc deposits will stay on the shelf, probably indefinitely.

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