Monday, January 04, 2021 3:53:18 AM
This quarter is expected to be significant for ESM. It has been waiting for a long time for 2 major events to occur. The BFS which is expected early on, on the quarter, and the final permit for the mine construction which is expected later on but in Q1.
Reminding: NPV is expected to be 1B USD with only half of the project in the study. That is significant!
With the Gold bull kicking in again (already breaking out today in USD terms), and with the positive news expected for ESM, nothing should get you more exited ! The opportunity won’t last for long. You rarely see a 10M ounce deposit, so close to production on such a small MCAP (40M USD).
Gold Chart Breaking Out from a multi month slide from its ATH
ESM Chart also Breaking out from multi month trend line
Now its the time to act and create a position before its too late . And remember ,if you begin a position soon , your average will be a lot lower that the average of the major Gold funds who own significant amount of ESM. If you are already a shareholder, it seems to be the last opportunity to strengthen your position.
For more information about ESM check my Last post where i explain why its potential is huge and why the valuation is so low .
Have happy new year everyone,
Konik
P.S Click the image of the chart to see the prices on the right side of the Chart , couldn't fit it all.
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