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Hi Tony, at the moment I am stuck at sea so no you tube and they like as they are blocked :( but i have read plenty when the pages finaly load, yes the binaly paly is what it is and not somehting I would normaly go into, but still oping it will pay off to top up here and a bit more into EMO. This is still my biggest investemnt, and more like Doc i invest due to having the most slowest internet in the world at times traiding would be a desaster haha. We all need to start somewhere so GLA . and lets see where we get to.
Rick2510,
I don't know whether you have seen this interview with EMO's CEO at the AdelaideCapital Conference. I'm going to ask GGG to take a look and see whether it changes his mind - quite a persuasive presentation.
https://www.youtube.com/watch?v=qiy3p-xUn38
Good luck to you and GGG with NCCL - I have taken a look and even GGG says its a bit of a binary play which I don't like, seems to carry a lot more risk than i3e or indeed EMO.
Ultimately decided to cash out 70% from EMO and put it into i3e. EMO appears to have tremendous upside potential if you believe in the Doc and the CEO above - I'm just more certain with i3e as i know it better and it has already gone some way to proving its business model and upside potential.
I will be very interested in GGG's comments on attached presentation - it seems to address most of his concerns on valuation, ore grades, cost of extraction and also timelines to development - PEA in Q1 next year.
Hi Tony, I know the feeling, not on the same lvl as yourself, but have decided to hold what I have in EMO and will top up here and there from Nccl when it gets there.
I sold out a chunk of my holding in EMO today and bought another 300,000 shares of i3e at the close.
The CEO of EMO gave and interview today - I hope I haven't made a mistake. Drilling has started and they have over CAD40m in funding - so no more capital raises in the near future
https://www.youtube.com/watch?v=y8jc2-C1Gjk
Hi Tony, problem with using broad metrics like value of metal in the ground is it doesn't take into account AISC. No point having a lot of metal in the ground if it's uneconomical to extract. Solg is an example of where the value of metal in the ground is monstrous across all their acreage, but so is the cost to get it out of the ground. The reason why I said initially the project looks really promising, but it's all about 'timing', is the amount of work, time and money that needs to be invested to prove up the various mineralized systems. They're very early stage and although there's a ton of money to be made getting in early on these plays when timed correctly (e.g. SOLG, GGP), they can often also pull back a long way with each round of funding. Thing is, it doesn't matter whether I think it's over-valued at any point in time, it's about what the market thinks. A lot of these plays get mega hyped, which results in massive disconnects with their peers given their life-stage e.g. 88e. This of course hasn't stopped people making a ****load on GGP, SOLG, 88e etc by having big b@lls and playing the market.
Fact is they haven't even started turning drills in order to prove up a lot of Doc's assertions. Historical assays help, but as I've said there's 10,000's metres that need to be drilled on each target to get to PFS and DFS. That's years away, even if they fast track an individual project. Agree it's a great company to make money up to 70c, but after this I wouldn't put in money until I see a lot more assays, and certainly post the next fund raise. There's lots of mining companies that have a trading history showing huge peaks (early exploration) followed by sharp and steady declines over the following 5-10 years (proving up / fund raising). I missed the boat anyway so don't really have a choice in the matter if I was to invest. I wish everyone else the best of luck in this company, but given what I know for sure, there's not enough to justify the share price (imo).
Nice interview but I could live without the tinky tinky piano ffs.
Not a bad interview at all - though I think he needs to sharpen up his presenting style a little. How many times does he use the word "hope". I3e are not hoping, they are executing and planning - I would suggest he needs to get rid of this word from his vocabulary and substitute with "planning", "believe" or some other more upbeat adjective as appropriate. Also maybe have a couple of gin and tonics prior to the podcast to loosen up !
He didn't mention either the possible $45m drilling program at Simonette targeting 18,000 boepd which seems like a bit of a missed opportunity.
However, agreed - good to here him talking about the SP and good that they seem to be beefing up the PR.
Another interview with Majid - this is the Company that Doc introduced to i3e I think. I've seen this same company on some of the forums that Doc posts on.
https://kalkinemedia.com/podcast/kalkine-weekly/majid-shafiq-ceo-i3-energy-plc#
GGG - the Doc thinks there a lot more to come. He believes it should be trading at at least 1% of metal value in situ which would put it at 2 to 3 times where it is at now. What metric would you be using for a company at this stage of development?