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INVESTOR: Whatever dude! You must be joking. Right?
DOC JONES: How many gold ozs do you think Great Bear will ultimately define?
INVESTOR: I don't know...word on the street ... 10-15 Million ozs of gold.
DOC JONES: I agree. Guess how many ozs of AUEQ Emerita Resources will have after being award the title of Aznalcollar Project?
INVESTOR: I don't know?
DOC JONES: It's 16.75 Million ozs of AUEQ @ 6.13g/t AUEQ
INVESTOR: That's more than Great Bear's street number! What's the market cap?
DOC JONES: Market Cap is $78 Million Canadian. What's Great Bears market cap?
INVESTOR: $821 Million Canadian.... 16.74 Million ozs AUEQ,, really?
DOC JONES: Yeah. In silver, it's 1.11 billion ozs of AGEQ at 411g/t AGEQ...High grade stuff....400 million ozs of that is silver, like actually silver....I see you are having trouble processing this....
...And that's no joke.
The FACT and only the FACTS well documented from historically resource reports done by: Boliden AB, Phelps Dodge, Rio Tinto, multiple Gov't mining archives, academic reports, company filings and presentation and webinars and interviews with the Ceo David Gower.
- DOES NOT INCLUDE EXPANSION UPSIDE POTENTIAL Of TO ALL THESE DEPOSITS THAT ARE OPEN.
- ONLY LISTED WHAT IS UNDERGROUND MINEABLE AT AN ECONOMICAL GRADE
Aznalcollar Project Containing 3 deposits
- The old Aznalcollar Copper-Silver Mine 90 million tons that has a high-grade lens of 43 millions tons in the Pyritic Complex not mentioned in Emerita's presentation, though David mentioned it in the webcast and was verified in a 1998 Ming Journal containing all known deposit in the Iberian Pyrite Belt.
43 Million Tons
1.38 million ozs gold
93 million ozs silver
3.15 billion pounds of zinc
1.67 billion pounds of lead
416 Million pounds of copper
Total Metal = $12.7 Billion USD in Metal value at $296/ton
2) Los Frailes Mine Zinc, a former open pit with a 70 million tons that has a 28 million ton high-grade lens comprised of 20 million tons pit constrained and 8 million ton below mentioned by the CEO in 2 webinars.
28 Million Tons
4.1 Billion pounds of Zinc
2.4 Billion pounds of Lead
179 Million pounds of Copper
76 Million ozs of Silver
Total Metal Value: $10.25 Billion USD Value per Ton= +$362 USD
LAST DEEPEST DRILL HOLE AT Los Frailes BELOW, Zone is 40 meters thick and high grade and OPEN
3) Unnamed High-Grade Deposit above hasn’t had enough drilling to define tonnage but has similar grades to Los Frailes is not included in my calculations, though you should be aware of it's upside of an additional 10-15 million tons at $350/ton would of added $3.5-$5 billion additional value but it's EXCLUDED because there's not enough data.
Paymogo Land Package, 3 deposits
This land package is owned by Emerita and has no royalties attached. All 3 deposits are open for expansion and are being drilled this season
1)Romanera Deposit
11.2 Million Tons
+99 Million Pounds of Copper
+1.355 Billion Pounds of Zinc
+608 Million Pounds of Lead
+23 Million ozs of Silver
+360k ozs of Gold (bare min. Not all cores original assayed for Gold)
Total Metal Value in High Grade Core = +$3.96 Billion USD
Value per Ton = +$354 USD
2) La Infanta Deposit
0.8 Million Tons
Super High-Grade Cu +1.77%, Zn +12.66%, Pb +6.91% & Ag +148g/t
State by CEO to average $1000/ton
Metal value = $800 million USD
3) El Cura Deposit
Report acquired from Rio Tinto stated that there are at least 2 million tons of similar grade to La Infanta, historic drill cores not available
2 Million Tons at La Infanta grade of $1000/Ton
Metal Value = $2 Billon USD
3 high-grade deposits within a 7km radius of each other, that begins at surface, very close together, that will feed a single mill.
Total Tonnage 14 million Tons
11.2 Million Tons at $350/ton usd at Romanera
2.8 Million Tons at $1000/ton at La Infanta and El Cura
Metal value: $6.7 Billion USD @ $478/ton USD
THE GRAND TOTAL MINEABLE METAL ENDOWMENT ACROSS BOTH LAND PACKAGES
Tonnage value range $296/ton USD to $1000/ton USD
(Aznalcollar Copper/Silver Mine $12.7 Billion + Los Frailes $10.25 Billion + La Infanta, Romanera, El Cura $6.7 Billion)
Grand Total = $29.65 Billion USD
(AUEQ OZS $29.65 Billion USD / $1770 per Gold ozs)
GRAND TOTAL GOLD EQUIV OZS = AUEQ 16.75 MILLON OZS
AVERAGE GRADE PER TON (85 Million Tons at and near surface @ an average of $349/ton)
($349/ $57 per gram gold )
Average Grade per Ton = 6.13g/t AUEQ
IN SILVER OZS
($29.65 Billion / $26.61 ozs Silver)
GRAND TOTAL IN SILVER EQUIV = 1.11 Billion ozs AGEQ
AGEQ GRADE = 411g/t AGEQ
Evaluation Model using Gold
At $25 USD an ozs = MC $419 Million USD / $514 Million Canadian Dollars (upside 6.5X)
At $50 USD an oz = MC $837.5 Million USD / $1.23 Billion Canadian Dollars (upside 13X)
At $75 USD an ozs = MC $1.26 Billion USD / $1.55 Billion Canadian (upside 19.5X)
Evaluation Model Using Silver
At $0.50 an ozs = MC $680 Million USD / $835 Million Canadian (upside 8.5X)
At $1 USD an ozs = MC $1.11 Billion USD / $1.36 Billion Canadian (upside 17X)
CURRENT MARKET CAP: $64 Million USD / $79 Million Canadian *includes 5.5 million in cash
*The above doesn't include EXPANSION OF ALL THESE DEPOSITS or the UNNAMED DEPOSIT, all of which will increase in total mineable tonnage.
THIS IS WHERE THE COMPANY IS AT RIGHT NOW, THESE TONS, THIS GRADE.
INCREDIBLE.
THE STORY IS JUST GETTING OUT BECAUSE I'M THE ONLY PERSON COVERING IT, BUT NOT FOR LONG.
DOWNSIDE PROTECTION
They own the Paymogo Land Package, 3 deposits, royalty-free that has at least 14 million ton across 3 high grade deposits all within a 7km radius prior to the first ever FULLY FUNDED, thanks to Eric Sprott, drill program and the tonnage is likely to increase substantially.
The economics: 11.2 million at $350/ton usd at Romanera and 2.8 million tons at approx $1000/ton at La Infanta and El Cura = $6.7 billion usd in metal value at a blended average of $478/ton usd that begins at surface, very close together that can feed a single mill.
In gold equivalent terms 3.78 million ozs aueq at 8.5g/t aueq beginning at surface.
The joke is the downside is upside, this alone can support a +$240 million market cap, 3x from the current, this owned, drilled out land package alone is worth 3x the current share price. It's already at PFS level.
This sounds silly but really needs to be said:
INVESTOR: What’s my downside?
DOC JONES: Going by the data, barring a black swan event, your downside is Up 300% or 3X.
INVESTOR: What's my upside including Aznalcollar project?
DOC JONES: Going by the data, your upside is 2000% or @20X
NOTE: This is why I rallied my capital to acquire 1% of this company on the open market over the last month. Just do the math on what’s known. The upside over time always takes care of itself.
The data is the data and when it's this good you want to tell everyone.
There is always time to do your own due diligence. Do it. Know what it is for yourself.
Foot Note:
You judge a company by it's management, the CEO David Gower aside from being an amazing geologist has had the incredibly endurance and patience to fight two separate 6 year long legal battles against corrupt majors who were trying to steal Emerita's lawfully winning tenders and actual won. One land package Emerita was awarded recently and the second is about to be award to Emerita based on the data. He accomplished this all while preserving the capital structure and protecting the shareholders. Now Emerita's day has come.
That's a man to be reckoned with and trusted. You have my respect and my capital.
This one is for you Mr. David Gower.
Best,
Doc Jones
