ERM - Emmerson Resources

[condog]

Re: Annual General Meeting -loads of results to come in shortly....

Here is the link for the latest erm report from paydirt november issue..............

http://www.emmersonresources.com.au/uploads/Media/Paydirt Nov 09 IVA ERM.pdf

Here is the link for the latest annual general meeting. Good read, and good prospects imho..........

http://www.asx.com.au/asxpdf/20091125/pdf/31m9ytrf1yxlmb.pdf

see what happens from here, loads of results to come in shortly...........fingers crossed

Im in for the same reason, lots of results soon out and already appears well under priced / overlooked.... so to me its very much like a free drilling program....

 

[gamefisherman]

Re: ERM - The Pinnacles

It is my understanding that a and a diamond rig is currently drilling 5 holes at the Pinnacles beneath the RAB and RC results already undertaken (Diamond drilling i think off memory is very expensive $200 per metre so it only comes out once initial rab drilling etc has been done and indicates it is worth pulling out the big cahauna diamond rig. With another 25 Tier 1 prospects currently being investigated I would see that it is only a matter of time before some very positive news comes out and the sp reflects that......With all funding from IVA paid for a number of years to come, ERM is another IVA imo. IVA's share price has gone from 15c to over $4......

DO your own research as these are just an average blokes comments and thoughts in reply to the last post.......

and yes i think a number of results will be realeased shortly too condog.

 

[condog]

Yes I confirm they are currently drilling
They are "Systematically investigating 26 Tier 1 gold / copper projects

They have 9 precincts for target testing, 9 advanced projects and are spending a further $2M on target generation.....and $7-$10M on exploration

Most this is payed for by Ivanhoe farm in....so no more equity raising in forseable future..

Grab you popcorn and drink sit back and wait for the news......

 

[gamefisherman]

Have a look at the IVA annoucement today

http://www.asx.com.au/asxpdf/20091203/pdf/31mjhxp0d0br14.pdf

With such a successful company fully backing these guys it will be ERMS turn at these awards in the near future..........imho

Popcorn gets stuck in my teeth, however, happy to watch such a professional organisation with top management systematically work towards the end game......................

Yes I confirm they are currently drilling
They are "Systematically investigating 26 Tier 1 gold / copper projects

They have 9 precincts for target testing, 9 advanced projects and are spending a further $2M on target generation.....and $7-$10M on exploration

Most this is payed for by Ivanhoe farm in....so no more equity raising in forseable future..

Grab you popcorn and drink sit back and wait for the news......

 

[gamefisherman]

Re: ERM - Emmerson Resources, IVA

I forgot to say that The report states that "...ERM in which IVA owns subatantial interests are also pursuing strong exploration philiosophies and IVA believes the likelihood of discovery remains HIGH on their prospects"

 

[condog]

Re: ERM - Emmerson Resources, IVA

I forgot to say that The report states that "...ERM in which IVA owns subatantial interests are also pursuing strong exploration philiosophies and IVA believes the likelihood of discovery remains HIGH on their prospects"

I concur - Ivanhoe are no idiots, infact they are probably the Worlds Best Practice at this moment in time....they have farmed in with $20M, which is a very significant backing and belief in what ERM has on offer....

Ivanhoe gets 70% for that $20M, but they also will substantially boost, exploration, development and capacity.....

 

[hkvan]

Some bery good drill results today. Up 25%. Still a bit short on previous highs but hopefully it will stay going up. Gold intercepts of more than 50g/t.

 

[AussiePaul72]

I agree Hkvan ...... some very good results reported today. Especially when you consider this is still early in the drilling program pipeline of the Tier 1 projects. I won't be surprised if there is a lot of hit and miss results initially in the first round of drilling of these projects but once ERM management isolate the highly prospective areas i think we'll see exactly what exciting projects ERM are sitting on!

 

[trevally90]

Fellow shareholders. No posts for a while. I thought I'd get things going again.. big 6 months I think for this company.

I found this that I thought others might find interesting reading..

.. doesn't look like it'll let me give you the link because I'm new. Try googling thebull.. article title reads '14 junior miners with blue sky potential'.

Let me know if you need the link.

Hold on to your hats.

 

[pavilion103]

What is everyone's thoughts on this?

It has fallen from the high on decreasing volume. Is there a lack of supply around the 23-24c area?

Can we expect higher prices from here? Or too early to tell?

 

[mr. jeff]

Another amazing drill result which is to be followed;

"Very high-grade and wide intercept assays at Goanna
expand project potential
New high-grade copper in drill hole GRC 1373 at the Goanna project intersected:
o 36m at 3.38% copper (from 336 metres); including
o 18m at 5.74% or 9m at 8.12% copper (from 339 metres); and
o 3m at 11.5% copper (from 342 metres)."

Further assays to be follow.
This stock is building an incredible set of results which will soon see some extensional drilling and some estimates coming. At the moment this company really has come from left field and looking interesting.

 

[greggles]

Emmerson Resources ticking up this morning on news that assay results have confirmed high grade cobalt, copper and gold at the company's Jasper Hills project near Tennant Creek.

A Mineral Resource Estimate for Jasper Hills is expected to be completed in the current June quarter.

ERM's share price is up 10.13% to 8.7c this morning.

Some background on Emmerson's projects and current financial position in this video:

 

[Grandfather11]

Any updates on ERM??
They do lots of exploration, have discoveries and now tribute arrangements for small mines but no real gain in share prices.
Management seem to be happy doing lots of discovering but there has not been any tangible rewards for long suffering shareholders.
Do they need a shake up??

 

[Xendragon]

sounds like Rob still banging the same drum in 2018 as in 2020. Did these guys ever release a Jorc on any of there assets ???

 

[greggles]

ERM has just managed to raise $2 million at 13c a share when their share price was just 6.8c. Seems like a very good deal for ERM and a big vote of confidence in the company's future by Tennant Consolidated Mining Group. They must see real value here.

The attaching options are exercisable at 20c (by 12/25) which is even more remarkable.

The share price has jumped 32.4% to 9c today, but that's still well below the 13c placement price. Going to do a bit of a deep dive into ERM.

 

[greggles]

The drill bit delivers for ERM. 117 continuous metres of copper at 3.38% starting at a depth of 75m. Holy Dooly! They have some gold down there too.

Very nice results. The share price has hit nine year highs today, up 156.76% to 19c with an intraday high of 22.25c. More to come with assays pending for drill hole HERC004. Also worth noting that HERC003 was abandoned in mineralisation at 192m and will be diamond drilled in 2022.

 

[Sean K]

The drill bit delivers for ERM. 117 continuous metres of copper at 3.38% starting at a depth of 75m. Holy Dooly! They have some gold down there too.

I don’t think I’ve seen a Cu hit at that grade of that width before. They might have found something.

 

[greggles]

I don’t think I’ve seen a Cu hit at that grade of that width before. They might have found something.

Agreed. It looks very big to me. That's a monster intersection and it's only one drill hole. Imagine if they get a few more like that? The market will go nuts. Where there's smoke there's fire and I think that where you have a very wide, high grade intersection like that, there's likely to be more mineralisation nearby with similar characteristics. ERM looks to be a good bet to me.

Even after today's price action the market cap is still only $84 million.

 

[Sean K]

Agreed. It looks very big to me. That's a monster intersection and it's only one drill hole. Imagine if they get a few more like that?

They need to prove this is part of a wider system and not just a single pipe running vertical. Yes, a few more holes on a diagonal hitting the same thing on a fence line will be interesting.

 

[The Triangle]

The drill bit delivers for ERM. 117 continuous metres of copper at 3.38% starting at a depth of 75m. Holy Dooly! They have some gold down there too.

Very nice results. The share price has hit nine year highs today, up 156.76% to 19c with an intraday high of 22.25c. More to come with assays pending for drill hole HERC004. Also worth noting that HERC003 was abandoned in mineralisation at 192m and will be diamond drilled in 2022.

View attachment 133934

Not bad at all. But near vertical holes are always a cause for extra scrutiny... I wonder if this is a directors special?

These guys have been around a long time and these areas are reasonably well known for being high grade & small volumes.