Energia Minerals Ltd.

EMX Sells its Carley Bore project to PDN for scrip plus cash.

EMX gets more zinc

Valuation now 11c/share

Conclusions

Problem viewing email? Click here to view it online.

Carley Bore, an ISL uranium project in WA, was EMX's foundation project. EMX announced the results of its scoping study in April 2014.

To progress further, would have required extra cash, some $1.5m, and production was expected only in 2019. EMX is now able to raise cash by selling its PDN shares, hopefully at a better price than at present as PDN shares are expected to rise with the U₃O₈ price.

Click on read more to access report :

On 10 June 2015, EMX announced that it had applied for exploration permits covering two zinc-lead mines that were operating in northern Italy in the 1980s.

Predil (or Raibl) has a long production history and was closed in 1991 by ENI, having produced 30Mt of ore grading 5.0% Zn + 1.2% Pb.

Salafossa was operated from 1964 to 1986, producing 10.95Mt of ore grading 5.0% Zn + 1.0% Pb. EMX will use some of the cash received from the sale of Carley Bore to drill these areas as soon as permits are granted.

Click on Read more to access our previous report giving our detailed valuation of EMX :

While the share price responded positively, adding 10% immediately and over 20% within 3 days, our valuation has fallen from 15.5c to 11c/share as :

We have not given any value to the new zinc assets; and
Our valuation incorporates the current PDN share price and so does not reflect the expected improvement in the U₃O₈ price.

Click on read more to access all of Beer & Co research:

EMX's portfolio is now simpler and stronger, with a lower cash call in the near term, greater zinc exposure and still retaining exposure to expected higher U₃O₈ prices. Hence, our view of the value in EMX has improved even though our valuation has fallen.

Beer & Co affirms our Strong BUY, High Risk, rating on EMX.

Click on Read more to access report :

If you wish to recieve Beer&Co. research, please register at: Access to Research

Beer&Co.
ACN 158 837 186
Authorised representative Melbourne Venture Securities Pty Ltd
www.beerandco.com.au

Author:
Pieter Bruinstroop
pbruinstroop@beerandco.com.au

Copyright 2013 beerandco.com.au, All rights reserved.
You are receiving this email because you have subscribed to our newsletter list. If you do not wish to receive our newsletter emails in the future, please here.
DISCLAIMER IMPORTANT: This message is for the intended recipient's use only. If you are not the intended recipient(s), please notify the sender immediately and delete the message and any attachments from your system. This message may contain confidential, proprietary or privileged information. No confidentiality or privilege is waived or lost by any transmission errors. You should not read, print, copy or use it for any purpose, nor disclose its contents to any other person. Beer and Co Pty Ltd cannot guarantee that this email message is secure or error-free. No guarantee is made that any attachment(s) are virus free. You should check all emails and attachment(s) for viruses and defects before opening and using them. Beer and Co Pty Ltd and its associates hold or may hold securities in the companies/trusts mentioned herein. To the extent that this email contains any financial product advice, it is limited to general advice only. Although the information is believed to be reliable, Beer and Co Pty Ltd does not guarantee its accuracy and it may be incomplete. Unless stated otherwise, Beer and Co Pty Ltd has not taken into account your investment objectives or financial situation when preparing the information contained in or attached to this email and therefore may not be applicable to your particular circumstances. You should obtain your own financial advice before making an investment decision. Past performance is no indication of future performance. Any reference to the terms of executed transactions is preliminary only and subject to written confirmation. This email is made available to you in Australia by Beer and Co Pty Ltd (ABN 88 158 837 186, AFSL 224 313).

	EXPLORATION STAGE
	CODE : EMX.AX
	ISIN : AU000000EMX2

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

Energia Minerals is a uranium exploration company based in Australia.

Its main exploration properties are MCARTHUR PROJECT, WESTMORELAND WEST PROJECT, NGALIA PROJECT, FROME, ONSLOW PROJECT, TABLE TOP PROJECT, GAWLER PROJECT, WESTMORELAND PROJECT and NYANG PROJECT (CARLEY BORE) in Australia.

Energia Minerals is listed in Australia. Its market capitalisation is AU$ 9.4 millions as of today (US$ 7.1 millions, € 6.0 millions).

Its stock quote reached its highest recent level on December 30, 2010 at AU$ 0.35, and its lowest recent point on July 14, 2017 at AU$ 0.01.

Energia Minerals has 783 030 016 shares outstanding.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.