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  5. EMO: Hi, Could you please give me your thoughts on EMO. [Emerita Resources Corp.]
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Q: Hi,

Could you please give me your thoughts on EMO.V. Is it a good speculative buy?
Asked by John on December 04, 2024
5i Research Answer:

EMO has been showing strong momentum over the past few months amid positive drilling results from its Iberia Belt West (IBW) project in Spain. It is a small name ($223M market cap) that is pre-revenue, but it has an OK balance sheet, and it has moved up nicely from the lows of 2023. Favourable sentiment for metals like zinc, copper, silver, and gold have been helping its share price, and while it is pre-revenue, we like its momentum and we would be OK with purchasing the name here for a high-growth position, while being mindful of its small-cap risks, pre-revenue, and high levels of uncertainty.

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