Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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.
That's exactly what I was thinking chas. Hopefully we have a new class of stickier hands onboard now.
I don't like making predictions but I envisage some consolidation around here until the first RC results come in. I'm expecting these in December and hopefully first half thereof. I am not expecting Shaun and his Bunnymen/women to disappoint.
GLA!
Greetings all, I rarely post here these days but was a regular a few years ago.
I read comments below and agree with most people about Turkey. I think it is a decent, supportive jurisdiction for gold exploration and mining. Ariana has proved this already - not sure why this needs to be proven again?
Looking at the lastest and previous drill results from Salinbas/Ardala my thought is that they're OK but it's not exactly Hot Maden is it? (Hot Maden nearology was something which Kerim used to capitalise on).
When I met Zack in 2017(?) Ariana had just completed the aquisition of Salinbas/Ardala and he described the terrain. It is one of the steepest, most mountainous, remote and inaccessible places one could imagine. This is a significant headwind for both exploration and eventual mining/production. I applaud the skill and determination to get drill rigs up there but I can't help thinking the mineralised intercepts thus far do not make a compelling economic story.
At the time of the Ozaltin deal I expressed my disatisfaction at giving away so much of Kiziltepe, Tavsan, etc compared to what we got in return. There were just one or two other dissenters at the time and some hostile characters amongst the majority opinion holders here. It seems that many of the old names are still here.
Tavsan looks like a commendable success but Ariana now owns less than a quarter of it
Western Tethyan would appear to be the next Salinbas. I think this is now the main hope for shareholder value.
GLA
Century's 30% free carry is just as far as development according to SB. He said this at the Shard presentation 2 weeks ago. Not free carry to production.
SB was asked why Century have such a generous deal and he said words to the effect of 'otherwise there would be no deal'
IMO the guys at Century stand to get fabulously wealthy on the back of Pitfield and with hindsight they have struck a great deal. EEE also has a fabulous and enviable opportunity at Pitfield. SB stated that when Pitfield reaches development (shovels on ground) then the Century guys would have 3 logical options
- sell their share
- buy-in to the development with their own cash
- get diluted
SB stated that Empire buying Century was an option but it did not make sense right now. He said that the Century guys were very useful as gelogists at Pitfield and it is a good relationship.
That is my understanding. Any others here who were in the room that evening to correct me or add anything?
Indeed I saw that post also - it was me who asked him/her if they were still in ZIOC. Today EEE has given me my biggest up day in my 25+ year investing history. When the next big EEE news event comes out I plan to liquidate 20% and bring more to ZIOC. Hopefully the timings will be fortuitous but even if not my £3.25 ZIOC target will be sweet enough :-)
GLA
The guys who got in on the 4p placement shares are now 100% up in just a few weeks. That's pretty impressive and I imagine many of them are tempted to take handsome profits here around 8p and stall the SP rise for a while.
EEE is still under £50m market cap and I believe we have a long way to go yet. Our patience has already been rewarded and there is plenty more to come IMO. I'm not selling a bean for a good while yet.
GLA