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EGMCF: effective March 17,2022 Emgold Mining Corp. will change to Emergent Metals Corp. a one for 10 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
$EGMCF Kennecott Commences Diamond Drilling at the New York Canyon Copper Property, NV
Press Release | 04/08/2021
VANCOUVER, BC / ACCESSWIRE / April 8, 2021 / Emgold Mining Corporation (TSX.V:EMR)(OTC PINK:EGMCF)(FRA:EMLM)(BSE:EMLM) ("Emgold" or the "Company") is pleased to announce that Kennecott Exploration Company ("KEX"), a subsidiary of Rio Tinto plc (RIO), has commenced diamond drilling at the New York Canyon Copper Property, Nevada (the "Property"). The Property is subject to an Earn-In with Option to Joint Venture Agreement (the "Agreement") between Emgold and KEX.
The Property consists of 417 unpatented claims and 21 patented claims totaling approximately 8,700 acres. It is in the Santa Fe Mining District, Mineral County, in west-central Nevada, about 30 mi. (48 km) from the town of Hawthorne. The Property hosts copper oxide and sulfide skarn and porphyry mineralization. Total historic drilling on the Property, to date, is 234 holes totaling about 139,000 ft. (43,000 m).
Kennecott can earn up to a 75% interest in the Property by completing up to US$22.5 million in exploration expenditures (see Emgold's February 11, 2020 press release available at www.emgold.com or under Emgold's corporate filings at www.sedar.com for more details). Under the terms of the Agreement, KEX has a First Option to acquire a 55% undivided interest in the Property by incurring US$5.0 million in expenditures over a 5-year period, of which US$1.0 million is a committed expenditure that must be completed prior to the 18-month anniversary of the Agreement.
The drilling contractor mobilized to the site on March 22nd. Current plans are to drill five diamond drill holes to test three exploration targets, the Copper Queen, Longshot Ridge, and Ideal targets. The Ideal target is a previously untested magnetic anomaly that is located south of Copper Queen. Initial plans are for four holes to be in the 400-500 m length and one hole to be 750 m in length. Hole lengths will be subject to adjustment based on results being obtained in the field as the drilling is being done.
A UAV magnetic survey has also commenced over a portion of the claim block. Additional geologic mapping and surface sampling is planned for second and third quarters of 2021.
Qualified Person
Robert Pease, C.P.G., a qualified person under the NI 43-101 instrument, has reviewed and approved the content of this press release.
About Emgold
Emgold is a gold and base metal exploration company focused on Nevada and Quebec. The Company's strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders (acquisition and divestiture (A&D) business model).
In Nevada, Emgold's Golden Arrow Property, the core asset of the Company, is an advanced stage gold and silver property with a well-defined measured and indicated resource. New York Canyon is a base metal property subject to an Earn-in with Option to Joint Venture Agreement with Kennecott Exploration, a subsidiary of Rio Tinto Plc (RIO). The Mindora Property is a gold, silver, and base metal property located 12 miles from New York Canyon. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of the adjacent Rawhide Mine.
In Quebec, the Casa South Property, is an early-stage gold property adjacent to Hecla Mining Corporation's (HL) operating Casa Berardi Mine. The East-West Property is a gold property adjacent to and on strike with Wesdome Gold Mine Ltd.'s (TWDO) Kiena Complex and O3 Mining Corporation's (OIII) Malarctic Property (Marban Project). Emgold also has a 1% NSR in the Troilus North Property, part of the Troilus Mine Property being explored by Troilus Gold Corporation (TLG).
Note that the location of Emgold's properties adjacent to producing or past producing mines does not guarantee exploration success at Emgold's properties or that mineral resources or reserves will be delineated. For more information on the Company, investors should review the Company's website at www.emgold.com or view the Company's filings available at www.sedar.com.
On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO
For further information, please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: info@emgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note on Forward-Looking Statements
Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws. The Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties.
SOURCE: Emgold Mining Corporation
View source version on accesswire.com:
https://www.accesswire.com/639197/Kennecott-Commences-Diamond-Drilling-at-the-New-York-Canyon-Copper-Property-NV
$EGMCF Kennecott Commences Diamond Drilling at the New York Canyon Copper Property, NV
Press Release | 04/08/2021
VANCOUVER, BC / ACCESSWIRE / April 8, 2021 / Emgold Mining Corporation (TSX.V:EMR)(OTC PINK:EGMCF)(FRA:EMLM)(BSE:EMLM) ("Emgold" or the "Company") is pleased to announce that Kennecott Exploration Company ("KEX"), a subsidiary of Rio Tinto plc (RIO), has commenced diamond drilling at the New York Canyon Copper Property, Nevada (the "Property"). The Property is subject to an Earn-In with Option to Joint Venture Agreement (the "Agreement") between Emgold and KEX.
The Property consists of 417 unpatented claims and 21 patented claims totaling approximately 8,700 acres. It is in the Santa Fe Mining District, Mineral County, in west-central Nevada, about 30 mi. (48 km) from the town of Hawthorne. The Property hosts copper oxide and sulfide skarn and porphyry mineralization. Total historic drilling on the Property, to date, is 234 holes totaling about 139,000 ft. (43,000 m).
Kennecott can earn up to a 75% interest in the Property by completing up to US$22.5 million in exploration expenditures (see Emgold's February 11, 2020 press release available at www.emgold.com or under Emgold's corporate filings at www.sedar.com for more details). Under the terms of the Agreement, KEX has a First Option to acquire a 55% undivided interest in the Property by incurring US$5.0 million in expenditures over a 5-year period, of which US$1.0 million is a committed expenditure that must be completed prior to the 18-month anniversary of the Agreement.
The drilling contractor mobilized to the site on March 22nd. Current plans are to drill five diamond drill holes to test three exploration targets, the Copper Queen, Longshot Ridge, and Ideal targets. The Ideal target is a previously untested magnetic anomaly that is located south of Copper Queen. Initial plans are for four holes to be in the 400-500 m length and one hole to be 750 m in length. Hole lengths will be subject to adjustment based on results being obtained in the field as the drilling is being done.
A UAV magnetic survey has also commenced over a portion of the claim block. Additional geologic mapping and surface sampling is planned for second and third quarters of 2021.
Qualified Person
Robert Pease, C.P.G., a qualified person under the NI 43-101 instrument, has reviewed and approved the content of this press release.
About Emgold
Emgold is a gold and base metal exploration company focused on Nevada and Quebec. The Company's strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty, and other transactions to create value for our shareholders (acquisition and divestiture (A&D) business model).
In Nevada, Emgold's Golden Arrow Property, the core asset of the Company, is an advanced stage gold and silver property with a well-defined measured and indicated resource. New York Canyon is a base metal property subject to an Earn-in with Option to Joint Venture Agreement with Kennecott Exploration, a subsidiary of Rio Tinto Plc (RIO). The Mindora Property is a gold, silver, and base metal property located 12 miles from New York Canyon. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of the adjacent Rawhide Mine.
In Quebec, the Casa South Property, is an early-stage gold property adjacent to Hecla Mining Corporation's (HL) operating Casa Berardi Mine. The East-West Property is a gold property adjacent to and on strike with Wesdome Gold Mine Ltd.'s (TWDO) Kiena Complex and O3 Mining Corporation's (OIII) Malarctic Property (Marban Project). Emgold also has a 1% NSR in the Troilus North Property, part of the Troilus Mine Property being explored by Troilus Gold Corporation (TLG).
Note that the location of Emgold's properties adjacent to producing or past producing mines does not guarantee exploration success at Emgold's properties or that mineral resources or reserves will be delineated. For more information on the Company, investors should review the Company's website at www.emgold.com or view the Company's filings available at www.sedar.com.
On behalf of the Board of Directors
David G. Watkinson, P.Eng.
President & CEO
For further information, please contact:
David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: info@emgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note on Forward-Looking Statements
Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws. The Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties.
SOURCE: Emgold Mining Corporation
View source version on accesswire.com:
https://www.accesswire.com/639197/Kennecott-Commences-Diamond-Drilling-at-the-New-York-Canyon-Copper-Property-NV
Seems all this stock needs to trade 40% higher in a heartbeat is 3 days of up volume. Anybody got anything for me DD wise please message me in the blind. TYIA
$EGMCF Book value only $.04 cents
The iBox is wrong - Emgold doesn't have any Grass Valley office anymore - it's been closed for almost a year. Emgold is long gone.
Emgold Mining Corp (EGMCF)
0.07 ? 0.0 (0.00%)
Volume: 96,000 @ 3:51:21 PM ET
Bid Ask Day's Range
0.056 0.077 0.07 - 0.072
EGMCF Detailed Quote Wiki
Emgold -
http://www.emgold.com/i/pdf/CorporatePresentation_Dec2012.pdf
God Bless
Maybe just maybe Emgold will reopen the Grass Valley Mine-
http://blogs.kqed.org/newsfix/2012/12/18/molten-gold-signals-revival-in-calif-mother-lode/
futr
Emgold Mining Corp. (EGMCF)
0.074 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.06 0.076 - - -
EGMCF Detailed Quote Wiki
Emgold Mining Corp. (EGMCF)
0.065 ? -0.005 (-7.14%)
Volume: 10,000 @ 9:33:37 AM ET
Bid Ask Day's Range
0.065 0.082 0.065 - 0.065
EGMCF Detailed Quote Wiki
Emgold Mining Corp ( (EGMCF)
0.098 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.085 0.096 - - -
EGMCF Detailed Quote Wiki
We are seriously looking at this one. Maybe on board next week with a little more weakness?
I cant remember why I boardmarked this one.
NyBob,
If you like you could throw this link in the Ibox,
It contains the latest filings to sedar(should be similiar to the otcmarkets)
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00003653
You have covered a lot of bases on your retort.
bigone welcome to Emgold Mining Corp. (EGMCF
good to see you @ EmGold
the history often repeat itself -
the #1 started mining in the Motherload was
Sutters Gold Mines and its
looking good again well on its right way
to producing again -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77496938
EmGold has worked very well on the start up
for more than 10yrs and the ussr copycats have
done every lucifer trick in the red gulags book
to stop progress like BS akaobama super red
cult done to the whole of USA and the Western world
to stop all wheels to progress except making
more fema gulags camps and more super red 666 gulags
rules to take away all Rights, Freedom & Liberty for -
the PEOPLE -
will the People wake UP and vote in RON PAUL!
that's the GOLDEN KEY to open UP America to
its formed GLORY!
Welcome to RON PAUL
http://investorshub.advfn.com/RON-PAUL-2012-9201/
God Bless
NYBob,
I am new here. Just read Jason's e-mail about the company.
When is estimated start of production?
Thank you,
Bigone
Emgold Mining Corp ( (EGMCF)
0.0544 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.053 0.083 - - -
EGMCF Detailed Quote Wiki
Emgold Mining Corp ( (EGMCF)
0.064 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.054 0.079 - - -
EGMCF Detailed Quote Wiki
Emgold Mining Corpor (EMR)
666fiat$0.11 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.105 0.11 - - -
TSX:EMR Detailed Quote Wiki
Sutter Gold SGM Has received their permit for new mill development -
have waited a long time on EMR -
its like -
USA turned to be new BS ussr soviet fema gulag !!!
super red banksters gangsters cult plunder the PEOPLE !!!
Emgold Mining Corp ( (EGMCF)
0.115 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.1 0.121 - - -
EGMCF Detailed Quote Wiki
http://www.emgold.com/i/pdf/CorporatePresentation_Jan2012.pdf
http://www.idaho-maryland.com/s/Home.asp
http://investorshub.advfn.com/boards/board.aspx?board_id=5395
Emgold Mining Corp ( (EGMCF)
0.099 ? 0.0 (0.00%)
Volume: 350 @ 9:48:11 AM ET
Bid Ask Day's Range
0.09 0.099 0.099 - 0.099
EGMCF Detailed Quote Wiki
Emgold Mining Corp ( (EGMCF)
0.1045 ? -0.0016 (-1.51%)
Volume: 2,500 @ 1:25:47 PM ET
Bid Ask Day's Range
0.097 0.123 0.1045 - 0.1045
EGMCF Detailed Quote Wiki
Emgold Mining Corp ( (EGMCF)
0.14 ? 0.0 (0.00%)
Volume: 41,570 @ 10:00:13 AM ET
Bid Ask Day's Range
0.132 0.153 0.14 - 0.14
EGMCF Detailed Quote Wiki
gmoneypenny welcome to Emgold Mining Corp. (EGMCF
good to see you @ EGMCF
If you follow Jason Hommel, you'll know that he recently recommended this stock in his newsletter. But you'll also want to read his followup to his recommendation as he gives some sound advice about trading this stock.
Here's the original writeup that went out on 10/28/11 (I'll put his followup in a separate post):
JH MINT Supports Emgold Mining & Idaho-Maryland Mining Corp.
JH MINT recommends buying Emgold stock now!
Emgold is a stock with a market cap value of about $4 million.
Their assets, of the Idaho-Maryland Mine in my hometown of Grass Valley, CA, may well have gold in the ground worth between about $2 to $10 billion.
Their last feasibility study said the gold was economic to extract at about $420/oz.!
They plan to mine up to 200,000 oz. to 300,000 oz. of gold per year.
With profits of about $1200/oz., this is about $240 to $360 million dollars in profit per year.
The stock price will likely rise from about 10 cents to $1/share as they raise the money to start mining.
The stock price will then likely rise from about $1/share to $10/share after they begin mining.
In other words, people who buy stock now, may well make 100 times their initial investment!
The company will have to raise about $125 million to get started mining. With such a low market cap today, this means that only about 10% or less of the future ownership of Emgold is spoken for. The real majority owners, the other 90%, have not yet stepped up and bought stock from the company to give Emgold the financing they need to start mining.
Here's how this might take place:
Emgold has 38 million shares outstanding now.
Emgold might raise $2 million at 14 cents/share, issuing another 14 million shares.
Emgold might raise $4 million at 21 cents/share, issuing another 19 million shares.
Emgold might raise $8 million at 31 cents/share, issuing another 26 million shares.
Emgold might raise $16 million at 45 cents/share, issuing another 36 million shares.
Emgold might raise $32 million at 67 cents/share, issuing another 48 million shares.
Emgold might raise $64 million at $1/share, issuing another 64 million shares.
That would raise all the money they need to start mining, $126 million, and anyone who buys the stock today at ten cents would make 10 times their money during fund raising period. And how much stock would be issued total?
64 + 48 + 36 + 26 + 19 + 14 + 38 = 245
If Emgold does it right, they might have 245 million shares by the time they are done raising the money they need.
If they do it even better, they could put the money they raise into gold, and if the gold price doubles, they could eliminate the final fund raising, and self-finance the mine with much less stock issued!
But if they issue a total of 245 million shares, and if they earn between $240 to $360 million, that's earnings of over $1 per share. That kind of a dividend would drive the stock price to $10/share, or more, if the gold price keeps going up.
It's an axiom of life that if you don't buy it, you won't own it.
The great thing about Emgold is that it's a public company, and shares trade daily, so ownership is always on sale. Therefore, nobody has a legitimate right to complain that they don't own the profits of Emgold; because they can buy stock at any time if they wish.
With the dollar continuing to crash, I believe it is inevitable that many local mines will reopen at some point. The only real decision is who will own the mine or mines?
ANYONE CAN BUY STOCK IN EMGOLD! To buy stock, you would need to open a stock broker account with a brokerage like tdameritrade.com (recommended) or etrade.com or morganstanley.com or ml.com.
The ticker symbols are:
US Pink Sheets symbols: EGMCF.PK, EGMCF
Canadian Vancouver exchange: EMR.V, V.EMR
http://www.emgold.com/s/Home.asp
http://www.idaho-maryland.com/s/Home.asp
Will the mine create environmental damage? Not likely. Mines today are more environmentally friendly than ever. And the profits will be more than enough to pay to prevent any environmental damage. The town council and independent analysts will ensure that.
What about wells running dry? Not likely. It might only affect about 12 homes (or not), and the Mine can easily afford the $1 million estimate to put those homes on NID water, to compensate them for the change in a water source.
If you want to help out yourself, I think you should buy stock in Emgold today.
Imagine if you or your corporation put a mere $100,000 into Emgold at the start of financing, and if that $100,000 investment grew into $10 million worth of stock, that was earning over $1 million per year in dividends.
Finally, the stock is so cheap, it might be possible for a new buying group or company to buy a controlling interest in the company, rather cheaply.
I own Emgold stock, and nobody has paid me to write about Emgold. I'll earn money only if the stock price goes up.
thanks for good info
Jason Hommel's EGMCF followup note (I believe in his first statement below, he meant to say "On Wednesday morning"):
Be Careful with Emgold Stock
On Friday morning, I wrote about a stock, and it went up 73% that day from 11 cents to 19 cents/share.
http://silverstockreport.com/2011/emgold.html
Please be careful. I know the stock is a good deal. However, at the present time, I recommend that nobody bid more than 20 cents/share for the stock. There are several reasons.
The most important reason is that the company needs to raise money, up to $125 million. Paradoxically, it can get harder to raise money if the share price goes too high, too fast, for several reasons.
First, great investment opportunities are great when the price is low. When the price is much higher, the investment returns are less. So, just as you don't like paying too much for the stock when you buy it on the open market from an online broker, so also, neither do big money investors want to pay too much when they buy stock directly from the company. In other words, if you, my readers, bid the stock price too high, too soon, without letting the company raise money, it's self defeating, because we don't want our shares to have no more value than a ponzi scheme if the company is not fully funded, permitted, and ready to begin mining. Getting fully funded is crucial to enable the stock price to grow from $1 to $10/share!
Second, the company has to raise up to $125 million. Typically, the largest investors come on board last, when most of the risk has been removed from the project; but they also expect to obtain a large percentage ownership of the project, too. And that big money is needed if the project is to move forward and generate profits for all the shareholders.
In other words, it's hard for a $300 million market cap company with only $5 million raised so far, to raise $100 million, but it's easier for a $100 million market cap company, with $50 million already raised, to raise $100 million, because in the latter case, the last investors end up owning 1/2 of the company or more, instead of only 1/4 of the company. The point is that a good rule of thumb is that a development company should have about half as much cash on hand as the market cap.
In this case, Emgold is just finishing up a $1 million private placement, at 10 cents per share. But Emgold has 38 million shares out; and now, at 19 cents, has a market cap of about $7 million. So, the company should not only finish their current private placement, but also, the company should immediately open up a new one, and raise about $2.5 to $3 million at a new, higher price, of about 80% of the current share price, or about 15 cents per share.
It can be a problem if the stock price runs up too fast, because then it might be harder to raise the needed funds to continue the development of the project, on which, ultimately, all of our profits depend.
Also, consider the share volume spike: The share trading volume has recently averaged about 100,000 shares per day. Yesterday, there were 1.1 million shares traded, 11 times as much as normal. I suppose that was due to my article's promotion of the facts of the company. But let's consider their current private placement of $1 million at 10 cents. That will be 10 million shares issued, and another 10 million warrants at 14 cents. That means that 20 million shares will come freely trading in about 4 months to the day after the placement is closed. So, 4 months from now, the stock might take a dip in price, as those investors might want to try to lock in profits. So, if you want to buy stock, mark your calendars for about 4 months from now, and be patient!
Learn from my own example. I purchased Emgold over a period of about 3 weeks. It took that long to accumulate 1.2 million shares without pushing up the share price, and I bought between 8 cents and 12 cents per share. Then, I waited about another 5 weeks, before writing yesterday's article, because I wanted to be sure that the immediate bankruptcy risk was removed from the company, to be prudent, before promoting to a wider audience, everyone reading this.
Additionally, if the company begins raising $3 million at 15 cents/share now, as they should, then that will be another 20 million shares, and maybe another 10-20 million warrants that will come freely trading 4 months after that next placement closes. And when that stock is ready to trade, that might also cause the stock price to move down.
They key for the company, to maintain continued and successful fund raising, is to ramp up promotion at the times when that stock comes free, so that upward momentum of the stock price keeps people interested, rather than discouraged.
Big money likes to see investment interest from smaller traders. But bigger money is generally much more cautious, and they will do far more methodical research to make sure of the soundness of the investment opportunity.
Also, if the stock price is too volatile, that also makes it hard for the company, and investors, to figure out what to do. People begin to wildly speculate that permits are being denied, rather than doing real research or contacting the company to see what is really going on. A wildly changing stock price can scare off the big money investors that we want to ultimately attract.
One of the worst things that could happen now, is if another successful promoter found out about Emgold, and began promoting it too aggressively, before the company is able to appropriately scale up and raise funds at gradually increasing price levels. If you are such a an online promoter, please choose another stock; there are many to choose from.
If you follow Jason Hommel, you'll know that he recently recommended this stock in his newsletter. But you'll also want to read his followup to his recommendation as he gives some sound advice about trading this stock.
Here's the original writeup that went out on 10/28/11 (I'll put his followup in a separate post):
JH MINT Supports Emgold Mining & Idaho-Maryland Mining Corp.
JH MINT recommends buying Emgold stock now!
Emgold is a stock with a market cap value of about $4 million.
Their assets, of the Idaho-Maryland Mine in my hometown of Grass Valley, CA, may well have gold in the ground worth between about $2 to $10 billion.
Their last feasibility study said the gold was economic to extract at about $420/oz.!
They plan to mine up to 200,000 oz. to 300,000 oz. of gold per year.
With profits of about $1200/oz., this is about $240 to $360 million dollars in profit per year.
The stock price will likely rise from about 10 cents to $1/share as they raise the money to start mining.
The stock price will then likely rise from about $1/share to $10/share after they begin mining.
In other words, people who buy stock now, may well make 100 times their initial investment!
The company will have to raise about $125 million to get started mining. With such a low market cap today, this means that only about 10% or less of the future ownership of Emgold is spoken for. The real majority owners, the other 90%, have not yet stepped up and bought stock from the company to give Emgold the financing they need to start mining.
Here's how this might take place:
Emgold has 38 million shares outstanding now.
Emgold might raise $2 million at 14 cents/share, issuing another 14 million shares.
Emgold might raise $4 million at 21 cents/share, issuing another 19 million shares.
Emgold might raise $8 million at 31 cents/share, issuing another 26 million shares.
Emgold might raise $16 million at 45 cents/share, issuing another 36 million shares.
Emgold might raise $32 million at 67 cents/share, issuing another 48 million shares.
Emgold might raise $64 million at $1/share, issuing another 64 million shares.
That would raise all the money they need to start mining, $126 million, and anyone who buys the stock today at ten cents would make 10 times their money during fund raising period. And how much stock would be issued total?
64 + 48 + 36 + 26 + 19 + 14 + 38 = 245
If Emgold does it right, they might have 245 million shares by the time they are done raising the money they need.
If they do it even better, they could put the money they raise into gold, and if the gold price doubles, they could eliminate the final fund raising, and self-finance the mine with much less stock issued!
But if they issue a total of 245 million shares, and if they earn between $240 to $360 million, that's earnings of over $1 per share. That kind of a dividend would drive the stock price to $10/share, or more, if the gold price keeps going up.
It's an axiom of life that if you don't buy it, you won't own it.
The great thing about Emgold is that it's a public company, and shares trade daily, so ownership is always on sale. Therefore, nobody has a legitimate right to complain that they don't own the profits of Emgold; because they can buy stock at any time if they wish.
With the dollar continuing to crash, I believe it is inevitable that many local mines will reopen at some point. The only real decision is who will own the mine or mines?
ANYONE CAN BUY STOCK IN EMGOLD! To buy stock, you would need to open a stock broker account with a brokerage like tdameritrade.com (recommended) or etrade.com or morganstanley.com or ml.com.
The ticker symbols are:
US Pink Sheets symbols: EGMCF.PK, EGMCF
Canadian Vancouver exchange: EMR.V, V.EMR
http://www.emgold.com/s/Home.asp
http://www.idaho-maryland.com/s/Home.asp
Will the mine create environmental damage? Not likely. Mines today are more environmentally friendly than ever. And the profits will be more than enough to pay to prevent any environmental damage. The town council and independent analysts will ensure that.
What about wells running dry? Not likely. It might only affect about 12 homes (or not), and the Mine can easily afford the $1 million estimate to put those homes on NID water, to compensate them for the change in a water source.
If you want to help out yourself, I think you should buy stock in Emgold today.
Imagine if you or your corporation put a mere $100,000 into Emgold at the start of financing, and if that $100,000 investment grew into $10 million worth of stock, that was earning over $1 million per year in dividends.
Finally, the stock is so cheap, it might be possible for a new buying group or company to buy a controlling interest in the company, rather cheaply.
I own Emgold stock, and nobody has paid me to write about Emgold. I'll earn money only if the stock price goes up.