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Re: geodan post# 546

Monday, 01/12/2015 5:12:26 PM

Monday, January 12, 2015 5:12:26 PM

Post# of 756
geodan, sorry I was under the weather for a while and did not see your post. David Cole is the answer from an analyst on the Nevada site tour in November I believe. The reserves spoken of were 10 time the current reported reserves. If the royalty is worth $30 million currently then 10 times that number would eclipse the current market value of EMXX by a long ways. I expected an updated number already but getting information out of Newmont is tough. The new Turf Shaft will increase production at Leeville which should help cashflow also. I am looking for EMXX to be cashflow positive in the first half of 2015.
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