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65M in warrants and options just waiting to be exercised of which 50M are warrants with 36.4M of them at 3p. That is a heck of a lot of dilution and a massive headwind on the shareprice. Will take a tonne of liquidity to get through it all, far more than is currently traded on average per day
Https://youtu.be/Buy-ED1Fc_o?si=t3i3ETWi9-cg6UwH
Zak has conducted an interview with Alex this morning
Hmm... More going on here than we know. Nice start to the day too.
Https://www.kazakhmys.kz/en/about
Kaz minerals. Great find.
I translated the Facebook post.
“mine, East
Star Resources pc CEO Alex
The meeting with Walker was a fire.
The parties are from East
Kazakhstan region
discussed the possibilities of joint implementation of obiects exploration projects.
Alex Walker owns his company in Kazakhstan
He shared information about the work he is doing in his district and expressed his interest in our project. In the near future, our technical specialists
A visit to the facilities is planned.
A meeting was held with the general director of British East
Star Resources olc Alex
Walker in the office of Kazakhmys Barlau.
The parties discussed the“
One of EST shareholders found a great article, in their tweet here https://x.com/Abacus194177/status/1782852302870639088
This appears very similar to EUA back in the day , huge potential resources in the ground worth billions and potential for a sale or JV.
Alex seems a lot more switched on and hopefully there are no aggressive actions in region which put an end to EUAs dreams of a sale.
Glad to be holding here and let's see how this turns out
5%!!! No point in trying to keep the lid on it....
What would Alex take for a full sale...needs to be a very tempting offer.
Correction 5% of 3 billion is 150 million.
Equates to around 60p per share.
Time for my pills!
If we assume that we discount the value in the ground by at least 95% to allow for all the costs involved in getting to selling the stuff, that still values EST (just Verkhuba) at £300m.
Present valuation of EST is c£8.7 m
Any thoughts?
Let's close this chapter. We've got a lot to look forward to in EST.
*nasty
Crocton has disappeared with his tail between his legs.
Andy liar he is
Shake hands men. Bigger things afoot here.
Hey Crofton...
Still waiting on you to reply ;)
236k T of copper @ $10000= $2.36B
313k T of zinc @ say $2500= $782m
Total say $3B plus a bit of lead..
Of course, this is still in the ground and is valued much, much, lower by orders of magnitude, plus even that top line market value needs discounting for both time and cost. Our friends in the data room will be busy with their spreadsheets modelling this, which is beyond my capabilities; but I suggest the value of EST even at this early stage must easilt justify AW's assertion that "the value of Verkhuba alone significantly exceeds the current market capitalisation of the Company", reaffirmed when the SP was pushing 3p.
I would expect the SP and Mcap, still only £8.5M, to trend higher once this news gets digested. Not that i know anything, mind, so dyor, etc, etc....
Iptuf93..... are you saying 318,000 tons of copper? Is it me being thick, thought copper was at nearly $10,000 per ton
But my calculation seems astronomical!
Given Alex has completely smashed it out the park and delivered a JORC resource on the Open Pit as well as the Underground, lets revisit valuations. Again, this is an ultra-conservative figure but used globally in valuing in-ground inferred resources.
20.3mt @ 1.57% CuEq equates to 318,000t of equivalent Copper - roughly 700m lbs of Copper. At 4c/lb, thats $28m USD which at todays exchange rate is £22.65m. At 218m shares, that's a valuation of 10.39p.
Given we have plenty of capacity and infrastructure nearby as well as being in advanced farm out/take off agreement/sale talks, I'd add a considerable premium to that figure...
More good news and another healthy rise before breakfast 🌞🌼
Https://www.lse.co.uk/rns/GTC/contract-win-kjhkzcmd27f2bqw.html Another bit of EST news, surprised they didn't RNS this themselves as well. GTC contract win for work on the porphyry side now as well.
No placings coming
Cash from jv offer will take this deposit to mine free carry imo
It’s less than 2 years off that to get it out of the ground.
Jv and this multi bags
I know it’s not the right way to look at things, but we have a JORC copper resource of c.$2.4bn vs a MCAP of $10m!
Table 2.3 7 million tonnes at 1.41% Copper (1.82% CuEq) suitable for open pit mining is a cracking starting point when you consider the low costs and potential speed to production. If they can recover 2/3 of the CuEq you are looking at 84000 tonnes at $10k a tonne = $840 million.
https://www.eaststarplc.com/_files/ugd/9a9edb_9cd3b7e0d29c4ede92c260df13f36313.pdf
#HUGE - a 5% free carry would still have a NPV of multiples of current m/cap.
This CEO does what he says he's going to do. Very rare for companies this size.
6m market cap currently.
How much could we sell the copper project for "within months"