Q: Could I please have your view of this company.
5i Research Answer:
EMPS is a microcap lithium miner. It is pre-revenue but has no debt and a net cash balance of $8.5M. It was reported in December that EMPS had made significant advancements in its viewfield project. Viewfield has estimated total capital costs of U$571M. This project is a joint venture but it is likely that EMPS will need to raise more capital to fund it. EMPS far is too risky and early stage for us to consider with a market cap at $34.84M and no revenue. It is impossible to predict performance at this stage and really anything can happen.