Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I spoke with SB about this in November. JORC isn't just about drilling - you have to also understand the mineralogy and how the ore can be processed into a useable product. You cannot make a JORC statement if it is practically impossible to process the ore.
Personally I am pretty confident that EEE's largely sandstone-hosted titanium dioxide will be relatively easy to deal with.
So, no maiden JORC statement until this is understood and then it depends on the spacing of the first 80 RC holes. My best guess would be a maiden JORC statement in Q2 24. Cornerstone investors then come in and this is expanded rapidly.
GLA
Happy New Year all
Today's closing SP is the highest since early 2018 when the company had very different assets and the SP was in free fall (thankfully I was not a shareolder then). So in the new SB/Pifield era I'd like to call today's close an all time high.
Looking forward to the next few RNS's
Got back in yesterday. £4.5M mkt cap (!!)
If Southern Gold are finally out then it should be safe to get back in the water
Re: CAML. That's not comparing apples with apples at all I'm afraid.
Serabi's copper find is thus far mostly >100m deep and the grade is, let's say, lower than average.
CAML's copper ore is actually above ground in waste dump form - leftovers from previous mining works. They have literally millions of tonnes of this pre-mined rubble which is leached in situ and the copper-rich solution is simply collected in trenches. Then it goes for some more chemical treatment before the electrochemical process of turning it into cathode. CAML's ore does not need to be transported or even mined. The costs are minimal and very different to green field mining at depth.
I like Serabi for its gold potential but this is not (yet) the copper we have been looking for.
GLA
ZIOC: Buy our iron ore asset. Give us $10B
BUYER: No. here's $2B. Take it or leave it, you have no plan B
ZIOC: Yes we do, we can develop it ourselves
BUYER: Don't make me laugh - you don't even have a CEO
ZIOC: OK, look, we have a CEO now. Give us $10B
BUYER: Hmmm. Maybe.
My apologies, it was a premature call on that candle. That's a bit of over-exuberance on my part albeit well-intended. That's not really my style - apologies again. I'll shove my candles appropriately!
We're just waiting for the first batch of the RC drill results. The fundamentals here are way more important than the technicals at the moment.
GLA
When I spoke with SB at the Shard presentation we discussed the reporting of the 40 RC drill results. He indicated to me that they would NOT be waiting until all 40 drills were done and that there would be at least one interim set of assay results.
SB also said the RC process is quicker than diamond - not just in terms of metres drilled per day but also in converting drilled material into assay results.
The drill rig crews will be stopping over the Christmas period
My best guess is that we get assay results on the first approx 20 drills before Christmas. GLA
Certainly I have been hoping that the Bunnyman will deliver gifts to shareholders before Christmas. Having met with SB, I get the impression that he would like to celebrate Christmas with a higher SP.
IMO we will not see any bunny boilers anytime soon.
GLA
I hate to act like the only adult in the room but 4-6 weeks has well and truly been worn out since that promise was made.
Red Setter Assays?
Hello McPauldon? Did the dog eat the assays?
Why is nobody here holding Poulden to account? Do you all enjoy being fleeced?
And where is the great (low grade) Professor? Actually I think this is Darwinism in action. Academics like to think they're the smartest people in the room but they're usually just the most gullible.
EEE got diamond drill assays back way faster than these jokers so what's the lame excuse here?
"It's easy to deceive a child". (P.I.L.)
I am reminded of the sand and gravel companies where I grew up. Huge machines would dredge the gravel pits then conveyor belts took material to the graders. These would sort the sand from the different sized stones and drop the water back into the gravel pit. Massive but quite simple machines which were a highly effective source of raw materials for the construction industry.
As a teenager I played football for one of these sand and gravel companies. We were rubbish away from home but always won on aggregate. :-)
I will use this opportunity to share a bit more of the conversation I had with SB at the Shard presentation.
SB is very keen to explore low cost methods of obtaining high concentrations of TiO2 from the Pitfield ore. He is fully aware that Pitfield cannot be fully valued or monetised until this is established. SB and I discussed the possibility that even simple gravity sorting might get us to a decently-high concentration of TiO2. My understanding is that this is a possibility which will be or is being explored.
For the benefit of some, it's worth re-iterating that the Pitfield ore isn't chemically bonded to something as hard as steel as we are not dealing with a hard, highly refractory igneous host rock. This is soft sedimentary rock which is believed to have acted like a district-scale sponge for the Ti-rich hydrothermal fluids which have washed up and through it. I am HIGHLY optimistic that a low cost method of extraction can be developed with the wealth of expertise available to Empire in WA and beyond. This could even be as simple as gravity separation.
DYOR, etc.
Jwoz, yes you could all it a raid.
If you pull up a chart of daily candles you can see that on 28/11 the closing price was 8.6p (daily high was 8.8p). The next day opened with a gap-up to around 9.26p and this gap was never filled. Until this morning.
Not everybody believes in gap theory or candle theory and i respect that. In the case of EEE, however, I have noted gap theory being quiet reliable. I believe that the bottom is in at 8.6p.
DYOR, etc
GLA
Ilmenite accounts for 92% of the world’s titanium mineral production.
Apparently a massive, high grade, near surface deposit of ilmenite in a maning friendly jurisdiction and strong existing infrastructure (road, rail, energy, etc) would be problematic for some.
I'd say it's problematic for current TiO2 miners as well as those invested in them
https://geology.com/minerals/ilmenite.shtml
https://www.insidermonkey.com/blog/titanium-reserves-by-country-and-10-biggest-mines-in-the-world-1159446/
Driving, well said about the recent posts on the other board. Thankfully I will never actually know these characters.
Extrader, if you're reading this, I massively appreciate your posts here over the years and I've told you this before. I hope you don't need me to say this but life is too short to deal with such people.