ERM

About ERM

Emmerson Resources Limited (ERM) is a gold and copper explorer with projects in some of Australia's most sought-after geological terranes including the Tennant Creek Mineral Field (TCMF) in the Northern Territory (NT). The company holds 1,700 sqkm of tenements covering 90% of the TCMF, one of Australia's highest-grade goldfields.

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What does Emmerson Resources (ERM) do?

"There’s gold in them there hills". Or so they say.

Emmerson Resources Limited is an explorer and evaluator of mineral properties, i.e. a mining company. Its primary focus is the discovery of gold, copper and cobalt deposits.

Currently, the company’s main project is the exploration of the Tennant Creek Mineral Field (TCMF), one of Australia’s highest grade gold and copper districts. TCMF is located in the Northern Territory and covers an area of 1,700 square kilometres. As of FY2021, TCMF has produced more than 5.5 million ounces of gold and 470,000 tonnes of copper.

Emmerson Resources is also working on five early-stage gold-copper projects in Macquarie Arc, a metal-endowed geological belt in New South Wales.

Emmerson Resources was founded in 2005 and based in West Leederville, Australia.

How does Emmerson Resources make money and is it profitable?

Emmerson Resources earns revenue by rendering exploration services on behalf of customers and providing exploration consulting services. The company also earns gold production and sales royalties.

Emmerson Resources is currently unprofitable. It has lost money since 2007 and continues running by issuing more shares every year. In FY2019, the amount of shares available were 414m. In FY2020, this number rose to 425m. In FY2021, the company issued more, with available shares climbing to 488m.

The company’s net income has also sunk deeper into the red with negative A$1.23m, A$1.48m and A$1.58m for FY2019, FY2020 and FY2021, respectively.

As of FY2021, Emmerson Resources had a negative free cash flow of A$1.42m.

Is ERM stock a buy?

On 8 December 2021, Emmerson Resources announced the intersection of “a subvertical, brecciated, high grade metal rich feeder zone which has channelled and concentrated the copper and gold and remains open at depth.”

In other words, the company struck gold and copper. The ERM stock price instantly rose 143% from A$0.07 to A$0.17 on the same day. Since then, the company has followed up with more drilling but there have been no further announcements.

While there seem to be promising signs, many investors have and continue to view ERM stock as a speculative investment.

How do I buy ERM stock?

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Who owns ERM stock?

As of April 2022, ERM’s biggest stockholders are a mix of institutional investors and private companies. 

These include Noontide Investments (16.75%), Evolution Mining (9.84%), Gold Valley Holdings (3.21%), Langstone Key Limited (3.08%) and Konwave AG (1.8%)

Managing Director and CEO Robert Bills holds 1.77% of all ERM stock.