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Oldslow
"if this is easily processed, IF, then we are a multi biliion pound company on just these 2 small area" Quite.
The market is saying just proving up more and more titanite isn't adding any value at this stage. what the market, and I suspect bigger miners, want to see is the processing proved up. That means a pilot plant ; that means capex. And that means debt and dilution of some sort will be needed towards the end of this year.
If and when the pilot plant proves to work as efficiently and economically as existing processing methods for ilmenite etc, the value here is enormous,
But that "if" remains, and that's what holds the SP back, and imho is likely to do so until the capex is clearly financed, and the product is proved commercial at scale.
I grew up in the killing fields of crypto between 2014/2016 before I became a holder, so I'm totally desensitised to the price not doing what I want. lol
WOW, 18 holes of 40 tested and per the last 40 hole tests this is the same 5.5 to 6.5% ti mineralisation through out, thats 17,035 meters tested so far FULL of minerals another 22 holes to be tested,if they are the same that will be 80 holes drilled and tested and 100% run rate this is huge. if 2% is $65 per ton then are we looking at circa $360 per ton in 2 areas 2km by 7km by 150 mtr deep only and we know its been tested to 400mtr in places,, thats over 4 billion tons of ore, the numbers are off the scale,, $65 x 4 b is $260b and 400mtr deep is $693 BILLION. IN THE GROUND ,JUST IN 2 small AREAS, we have 40km under liscence. time to build a test plant with the aussie gov. free grants then,,,,,,,
It's nice to have someone grounded, I'm only here for what the general consensus is amongst investors. I don't really ask a lot of questions, or seek tons of answers, I like the old adage of, why ask someone you can do for yourself, and I can find information i need to invest correctly myself. I'm also not in the mindset of providing comprehensive write ups of the RNS paragraph by paragraph, for the same reason I don't ask questions. This is a forum for thoughts and general opinion, some have fell short, some know the score but were not friends no more 🤣🤣
I personally think once the true value of titanium is revealed it will be hard to hold back, and proven testing for extraction. Until then this sp plateau will keep traders at bay, and that's a good thing
Lol probably.
AIM is a casino, MM are the dealers shuffling cards, long term investors are budget holiday makers who buy a few chips and sit around eating the snacks. Traders are the guys with money to throw around and make a noise to get others to notice. Institution investors are the whales.
Once I've bought back, in my ISA, I'll probably go back to sleep till next year.
I can see you being nothing but a green box to these people soon enough joe 🤣 but your a good egg
The reason it didn't pump was because there are no traders, just long time holders. How many people here bought more on this news? Who has seen this news to want to jump in?
If there were traders they would have pumped this to double or more before letting it fall down again. They may have posted charts and discussed it in forums and got more traders interested and given this more life.
Institutions are going to need a lot more derisking before they are willing to jump in with both boots.
Hopefully.. it will stay at this level with more results released, until June when a value is given?
This price action is just white noise for long term investors. We are all waiting for the plant to be built and won't be selling until then. Between now and then the price will go up and down along the way, it's just what stocks do.
Maybe if you want to do more discuss it on Reddit (ukinvesting) or other forums to get more exposure.
Problem we have scarlet is, we have the likes of oldslow who if you have an opinion you become a green box, so he is free to come on and not listen to people with differences in opinions, and can post he predicted this and will get 20 recommendations and other lot of naive followers, but on the 18th April, he also added the drill results will provide a 12.5p rerate. So you can see where in lies some issues here, with these people not being fully with it
Expect to see the remaining RC results next week with the DD to follow.
Australian government grants to follow these....potentially
I said yesterday, and I believe it will consolidate now between 8 to 10p and that is fine by me, till June, I think the next few months will be great. End of year excellent.
The marker is expected scarlet, unfortunately we know the grade, it was predicted to be this level by even the likes of oldslow, so it's not going to just jump. It needs a price per tonnage added now, so as I said yesterday I'm quite happy here as it staves off the day traders, but I do wonder if now its not, and that little over expectation will make people hesitant, it hit lower and more to the point will you go to Joetraders stand up now you consider him a Comedian? Manlord summed it up beautifully yesterday, I'd prefer no results and a more complete RNS June, with level, grade, tonnage price and a good kick up the markets backside. Otherwise it just stays plateau, I really thought you knew how this worked. Considering you insult people at will
I think now’s the time given it’s hardly gone up that investors who truly believe show their conviction, now’s the most ideal time.
They seem to have said MEH , but u can bet your bottom dollar that they would collapse if it was bad info
“ Analytical lab results received for the first 18 RC drillholes of the recently completed 40 RC drillholes, with further assays pending.”
They’ve done the first 18 and rather than wait for the next 22 they release these bombshell results early, what I will hopefully like to see is an increase in the SP now it plateau and then with the release of the further 22 it steps up again.
I will do, swear that's my one and only lost but couldn't help it mate, guys been horrendous to me so I can't jump on his 20 recommendations like he told me something new, and predicted this all. But yes, enjoy, lovely news
Going to be a lot of chat today, so don’t babble on about nothing dusty, give others a chance to get a word in!!!!!
I know I know your 6 ft 4 and work out
The Acid process for extracting titanium from ores is the same throughout the industry, is it not? Shaun wants to create a plant so that we aren't simply selling ore. There's nothing bizarre about the acid process proposed.
Think they went down to 400 mtr last time,by drilling to 150mt speeds up the process of discovery,more holes to cover a bigger area ,we already know its gonna take 40 yrs to dig this out why go down 400mtr when its under yer feet at near surface,no problems with cave in,s from the side if just scraping it from 2 mtr of top soil,the crystal ball is spinning crazily with huge numbers,if this is easily processed, IF, then we are a multi biliion pound company on just these 2 small areas,at a basic price of $65 per ton.high quality could be a lot higher and we are not short of tonnage or areas to be tested,remember we only own 70% of this but 70% of the biggest ti find in the world is worth digging up...
Ask old slow, he is on a roll!! Get the lotto numbers whilst your there. Predicted haha sorry, but guys been a right jerk for weeks and come on like nostradamus 🤣 grade, tonnage etc. If it can produce grade 2 or grade 7 titanium alloy we're cooking!!! I'm making 5 components for something simple as a spray booth boom head, and the raw materials even at thst small amount from cheap China is 15k, and takes weeks to deliver. So the price should write itself
Can't be long until the MRE now, and Empire will start getting compared with the reserves of other globally significant suppliers with a lot less Ti !
Another set of solid results, 0-150m is very impressive.
Wonder how far it continues after 150.....
Great news as this is the area to be used for the MRE. Outstanding :-)
As predicted another area full of ti from surface,a great result
Last investors presentation at about 27 minutes in,
SB says when the next lot of drill results are in .
Empire will be able to give, "Grade and tonnage "
Not in the first quarter, but certainly before the end of the second.
So my guess is sooner rather than later, a big announcement, media coverage and a lift in share price to reflect the news.
Probably followed by a necessary cash raise.
Enabling the laid out pathway for the rest of the year.
All going to plan.
The RNS on 27th March has :
o Completion of a Mining Option Study that will form the basis for a conceptual mine plan;
so looks like they'll do a proof of concept of the mine first.
But, yeah, why don't they try and processing it now, they already have samples dug up?