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Sorry to disappoint all of the LTH whingers but this has enormous bagger potential. Look at TYM, which is currently factoring in the rising price of silver which they have discovered at one of their projects in Zambia and their share price has trebled since mid-December. However their grades are typically:

57m at 25 g/t Ag,

65m at 23 g/t Ag

63m at 14 g/t Ag

UFO on the other hand, with a share price that has done nothing since mid-December, have much higher grade silver, typically:

17m @ 858g/t Ag

13m @ 1,615g/t Ag

21 metres at 1,047g/t Ag

It's just surprising that the recent placing could take so long to clear with the obvious upside here. Hopefully the assays from the Phase 2 drilling will kick start the overdue rise back up towards 0.03p.

ATB

"but I don't think that's how people evaluate silver mines" no it isn't and probably because the average silver grades are about 65g/t or less which might only equate to 0.65g/t Au, which is nothing to get excited about. However with these extremely high silver grades a value comparison seems to be in order.

Real spread is a bit better today at 3.875p - 4.3p for 50k.

My figures are correct. I am working on the prices and value and not on the mass, etc. But I am basing these figures on a vastly inflated silver price. Historically the ratio between Au and Ag prices has been nearer 100 for many years so to get the equivalent grade you would need to divide by 100. So "21 metres at 1,047g/t Ag" would be equivalent to 21 metres at 10.47g/t Au. The head grade of $2,194g/t would be neared 22g/t Au - which is still absolutely huge. Anything over 500g/t Ag would be equivalent to 5g/t of Au, which is pretty rare these days.

I've just been looking at a few figures here to try and get some sense of the real value of this high-grade silver prospect. Please correct me if my figures are inaccurate or I am working with a hypothesis that is faulty or flawed.

Gold is currently over $4,500/oz and silver is currently over $90/oz. So by dividing the price of gold by the price of silver, gold is 50 times more valuable than silver. So one way for silver to have an equivalent value as gold will be if the silver mineral resource is at a higher grade and at the point where the silver grade is 50 times higher than the gold grade the two would have a similar value. Does that make sense? I think it does.

Now gold grades can vary but anything above 1% is generally worth noting, especially over long distances. Anything around 2%/3% is better and when it gets to above 4% and up to 6% it is pretty sensational. Now the equivalent grades for silver to have the same value would be 50g/t (1%), 100g/t - 150g/t (2%/3%) and 200g/t - 300g/t (4%/6%).

However the grades we are getting reported here at Elizabeth Hill are way, way over these comparison figures. For a start, Hole 25WCDD001 as reported on 16th July had 21 metres at 1,047g/t Ag from 10 metres. Divide that by 50 and it is equivalent to 20.94g/t of gold. Hole 25WCDD002 reported 15 metres at 723g/t Ag from 1 metre which is equivalent to 14.46g/t Au.

Rather than look at all of the individual holes we can just take the figures from when this was in production before which are " 1.2Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t ." Divide 2,194g/t by 50 and the silver was produced at a equivalent grade of 43.88g/t of gold. That is sensational.

Now obviously Silver is on a ginormous spike at the moment and so is gold (though not quite so much) but even if gold was to go back down by 33% and silver by 50% the gold/silver ratio would be 66 times and the 2,194g/t equivalent would be 33.24g/t - still ludicrously higher than any other gold or silver mine anywhere.

Bare in mind that the higher the grade the lower the production costs. It is far more cost effective to crush 1 ton of rock to produce 33g/t than 1g/t. And also silver does have uses and demand these days for tech, AI and solar panels whereas gold is of little real use and is almost totally valued for its intrinsic value as well as for a store of wealth.

I suppose it all depends on what sort of quantity of deposit they can find with the drill at Elizabeth Hill though for a bigger quantity they can target far lower grades than were previously mined and still have the equivalent of very, very high gold grades.

And then on top of this we have Munni Munni. I don't even know where to start on that. The Project contains a substantial historic non-JORC 2004 Mineral Resource of 24Mt at 2.9 g/t 4E PGE (2.2Moz). According to a recent podcast that was linked here that is a high grade deposit and all of the main metals are at all-time high p

0.294p to buy and 0.286p to sell (for 1 million). First gold production expected before the end of January 2026 and with gold still at over $4.500/oz this should at least be up to last week's highs of 0.36p/0.37p if not a lot higher by then.

That might get rid of all the old whingers for a while.

ATB

Get these results that might not read very well out of the way and then get some directors buys and this will be a completely different share.

Sorry I hadn't finished that when it decided to post itself. I shall continue.

Maybe GEX are waiting for the Prospectus to be approved so they can raise some funds, even though they won't need them for the preparations and the drill. But if so then they would still be better announcing a funding deal first as that would improve the share price and allow them to raise funds at a much higher price. It's so bloody confusing and annoying.

Meanwhile does anyone know how long it takes to get a Prospectus approved?

Does anyone have any idea what is going on here. I would have thought that it was just a formality for the management to agree to virtually any funding deal that was offered. But, alas, nearly two months have elapsed since the expression of interest was announced and nothing has happened.

Maybe

118% up already. Wish I'd bought more!!!

Still this is just the initial announcement. The acquisition(s) is still to come. There's a long way to go.

TAO just over $300 which isn't surprising looking at bitcoins overnight rise.

0.10p paid. Gold and silver are hotter than crypto at the moment so this has got a long way to go.

"EQTEC is expanding into the acquisition and development of capital-light resource assets, targeting exposure to critical and precious metals central to global electrification - including copper, gold, rare earth elements and specialty resources essential to grid infrastructure and the energy transition"

There's never been a better time to get into commodities. Huge demand, short supply and all-time record high prices for gold, silver, etc, etc. Only one word for it: Electrifying!!!

Ludicrous churning of a share that was trading at 3 times the placing price recently when the assays were released during the current ongoing drilling campaign. At the time silver was trading at just over $40 and it is now over $80. And now we have a second drill campaign on the go. It is so bloody frustrating.

Good link to the GRE podcast, even though it is over a month old now. Munni Munni is a huge prospect. It is already large and at high grade and they reckon it can be 3 or 4 times larger again after more drilling. The GreenTech share price is already nearly 200% up from their recent placing, which makes the placing churn here look not only stupid but downright amateurish.

All this selling of the placing shares is very, very silly. Silver is back over £80/oz(for the third time now) and both platinum and palladium are up strongly. Seeing as previous drilling has already established that these commodities are present in the prospects it would be far more sensible for the share price to reflect these strong commodity prices. Maybe next week.

Cheers - I will try and make head or tail of it when I have a bit more time.

I have found a link to the live prices for TAO but can someone/anyone tell me where they are getting the emissions figures from. Cheers in advance.

I see TAO turned down from $299.56 at 5.55pm yesterday. Just needs a little push to get back over $300.

Cheeky MMonkeys hid the 15M buy for a couple of hours.................

"Siam Kidd is in the group and is very responsive to share holders" - great, can someone in the group maybe suggest to him that it might be a good time for him to show some commitment and buy some shares (as a Director's buy) and that maybe the other 2 newly appointed directors might want to do the same. Olivia Edwards has a fairly big holding already so she can afford to sit on them - or buy more and average down if she wishes to.

In the CLAI days the typical buy was £50K's worth and OE certainly bought more than one. £50K at the current buy price is about 40 million shares and a few of those might just make all the difference here.

ATB