RE: London South East interview with Shaun Bunn, MD at Empire Metals11 Jun 2022 15:13
Thanks Ali :o)
I've been taking the time since Friday evening to watch ALL the Empire Metals videos to help myself AND others understand more of what the company is about! If you are looking to invest in a gold/precious metal producer, then you are in the wrong place.
This is NOT to say that empire EM is a bad company to invest in if you as i do now, understand a lot more. Shaun goes at length to state they ARE NOT producers. They are an exploratory company. What they do is to take away the random process of finding the right areas to mine. For an analogy, Lets say you have a lot of people in the desert searching for water. EM are the ones looking for the actual oasis and not tiny pools! Once the oasis is found, then the big boys can come in and do the extraction. This is where a plot of land suddenly becomes of great value and adds value to the company/ share price. Random gold /precious metal extraction, is currently very expensive so you have to make sure you are in the right place to start with, which is why of course, the drilling. Shaun reckons they are VERY close to finding the "elephant" And this will be when the share price will shoot up. As Shaun pointed out, there have been many small companies like themselves where the share price as gone from cents to dollars literally overnight from their finds.
I would like to hope that with drilling going the way it is that the "elephant will be found 3rd or 4th quarter this year :o)