ERM 3.33% 6.2¢ emmerson resources limited

Ann: Placement and Strategic Alliance at Tennant Creek, page-4

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  1. 352 Posts.
    lightbulb Created with Sketch. 15
    Definitely a huge game changer. It would be interesting to run some numbers on this.

    Over to the analysts,, too big for me.

    But one would have to think any valuation now would have to be in 'multiples' of existing SP,  not even taking into account further exploration in both Tennant Creek and NSW.

    I think those brokers that have already done a little work on this previously, and recommended as spec buys to their clients, might be inclined to do some further number crunching now..

    eg Hartleys.. (June 2018 ) who had a future target at 16c.. (according to their report on the Emmersons website)
    http://www.emmersonresources.com.au/editor/articles/getfile.php?productindex=1149&mode=1

    So 16c prior to the deal,, ,, what now?
 
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6.2¢
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1 40000 6.0¢
 

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6.1¢ 25000 1
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