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CHECK LIST
-World class deposit the US GOV and China are after
-Non-dilliutive funds coming through
-Additional £2M coming
-1st Offtake coming
-Then 2nd Offtake
-DFS nearly done
-Only 2% of licence delivering massive resource HUGE upside
Along with many other reasons this deserves a sharp rerate and higher market cap.
Comment from our CEO on Linkedin - "Excellent few weeks on the road in China & South Korea, much progress made and the forward strategy for Blencowe is being clearly defined"......sounds like it's all being mapped out nicely, I'm inclined to think that value will soon start showing through....fingers crossed!
I can see this quickly get to those heights once we have an offtake contract in place with a tier one producer and / or we have funding for the full mine (potentially forward selling offtake).
Either way, given the small share float and the appetite to not dilute en mass, this can move quickly up.
A ten bagger from here is 50p or £100m MCAP. Given that NPV is $482m (very conservative, only 2%, low graphite price, no downstream SPG), it’s easy to get at multiples of this figure.
As you say though, if I can see it, others with dealer pockets will be able to see it. We won’t get to mine, but we probably will make a very handsome short term return.
Paulie
I’ve Been saying we will get taken out b4 any production this I believe.
The Big Question is how Much will it Sell out for!!
I’m hoping anything around 80p plus as we got shed loads of graphite enough for 100years plus.
Bring on the Games.👍
POSCO are just about as big as they come so this is a complete game changer if they can get off take terms. POSCO could probably take everything that BRES can manage, so it’s a big deal.
Not really sure why we aren’t closer to 20p at the moment. We are literally on the cusp. I think one day we will probably bag, maybe on off take terms, may be before. One things for sure though, it won’t be long.
Also wouldn’t be surprised to see someone take us out in the next couple of months. Exciting times. Strong buy
Legalwolf
Agreed great amount of buys today almost 824k
But only 1% rise.!!
Games being played Again.!
CleverThoughts could be disappointed.
Some decent large buys in the 5s here today.
Wow
We knew it was coming but this is the Game changer.
This gets better now day by day and glad I’ve stuck it out the last 4 years as I’ve always believed this was a special Company.!
BRES is Sitting on Billions of Tonnes of Graphite this is the reason I’ve stuck with it but also because Mike 90% of the time has kept his word.
So What’s not to love here if POSCO come onboard then Boom this will fly and Mike wouldn’t be visiting them if Bres wasn’t invited there.!!
Good time ahead all.😁👍
POSCO South Korea - https://twitter.com/BlencoweRes/status/1785218495946367308
I believe the DFS will be the begining of the long climb to 50p and maybe beyond. It'll give a clear measure of value.
End of year as per the commander and chief.....
The delay is worth the half billion extra npv.....
Yes, it's probably been all too easy to trade this from 3.8p to 5.5p. This trade is getting riskier though as Bres gets closer to key value drivers and will probably no longer be an option in H2 of 2024.
Am I right in thinking that the DFS is due completion in 2024?
@clever -I agree, Wouldn't be surprised to it offered below 5p this week, but I do think it'll be substantially higher towards YE
Inevitable this will go 20p end of year, but its also inevitable will go Sub 5p this week. I can see selling has already started....
Ready to top up....
STM
yes did the same thing with CHAR.... sold out the week before it went up :( now holding things longer but fed up with grim nature of shares these days... lets hope we get a realistic price soon
GLA
Pic12 - I agree, a fair valuation today is 1 £20million mcap. we have derisked considerably over the last 3-4 years.
£20million = around 10p.
we are considerably undervalued.
when the bulk sample is processed and offtake complete, this will be £100 million . no doubt in my mind
Just to add 50-100M @2% of the overall Project.!!
Personally I feel true Value today is 20-25M
But things are about to change and I try now not to get annoyed on the Mm’s games as there’s No Volume currently but this will change in the Coming Months.👍
Musicman, I'm reminded of a post by BillB last month - "I was in SLP a long time ago for about 2 years. Everything was going well, but the SP was on the floor (around 7P). No one could fathom the reason and a lot of shareholders gave up (including me). A few months later it took off while I was on holiday abroad and I never saw it!! Had a rather big holding there before selling. Not going to make the same mistake twice. It cost me a small fortune! I'm sticking it out with BRES"
I think our CEO is on record as saying 50m - 100m MCap on completion of DFS (potentially end of year)?
Just wondering what you think is the correct value for the company at the moment? I guess it is a bit hard to judge, but if there are any educated answers that would be great. I have no idea how that value could change should an offtake agreement come through. Thank you
Becoming so predicatable / manipulated its depressing,,, the modern world
MM's demand their 10% of everything good or bad.
ffs
Gents, it's nearly midnight and I'm trying to sleep. Please halt all this inappropriate salacious chatter of a 100 bagger for daytime......
Dear me it’s main market not AIM for starters. Yes a hundred bagger. I’m not saying it’s certain that it will, but it has all the hallmarks of a unicorn. If you look at the projections re: SPG processing, it will dramatically change what is already a very special asset.
BRES is listed on the main list not AIM