i hope you have enough money to pay for a cut up old titleist to tee off from the first after this saga is over. ERM had 3.8m in cash on hand at the end of the Dec 1/4 with a burn rate of 1m during the same period ( 854k spent on exploration ). They keep on saying that their j/v partner will pay exponentially more for exploration expenses going forward . Their only saviour will be ( apart from the obvious share issue coming up at all time lows ) will be evolution ( mkt cap 7.9b ) ( Emerson 24.5m ) and owning 9% of ERM making a bid at these levels to pick over the carcass . Also anyone who thinks key/smart people will put their name down to an an institutional roadshow ( 708's maybe ? ) in this difficuilt mining microcap environment requires serious health assessment.
ERM Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
