Member Info for Beyondthesea

You cannot just 'crack on' when you still do not own the asset. Right at the very start 10 Dec JB said transfer would be Q4 25 exactly where we are right now, that doesn't mean time has stood still offers are already on the table finance wise & Theo & the mining agent have been onsite evaluating & making plans for production, but we have to wait for the transfer to be approved before a spade hits the ground.

Things are looking good, the last time JB mentioned the streaming deal it was $25m for 10,000 oz, we probably need a min of $75-100, the other offers will be for off takes for the U, given we have close connections via our advisors to listed companies who hold physical U.

Its been a long wait but this latest PR push looks like we are coming to and of the suspension chapter.

Hi Richie, I read it the same way, there was never one single funding line it was a mixture from different funders.

Getting a mine up & running is never easy doubly so in Africa, but we are on the right path with a massive resource.

Hopefully JB has lined up a suitable investor at a decent price given that huge asset.

Mcap based on $625m, mentioned before.

From Grok,

Estimated annual operating profit: $361.5 million (58% margin on revenue). This positions the project as highly profitable at current prices, with sensitivity to costs (±10% change in uranium costs swings profit by ~$13.5M) and prices (e.g., uranium at $100/lb boosts profit by ~$51M).

Assuming the Neo Energy Metals acquisition of the Beisa uranium-gold project proceeds as planned (which it has, based on the completed deal in late 2024), the targeted annual production of 100,000 oz of gold and 3 million lbs of uranium would generate approximately $426 million in annual operating profit after production and mining costs. This is a rough estimate based on current market conditions, historical data from similar Witwatersrand Basin operations, and Neo's stated low-cost targets, as detailed below.

Assuming the Beisa project achieves steady-state annual production of 100,000 oz gold and 3 million lbs uranium, generating ~$426 million in EBITDA (as estimated previously, after opex but pre-royalties/taxes), Neo could see a significant re-rating in market cap.

Multiples:

Gold miners: Average EV/EBITDA ~7.5x (sector avg. in 2025, per industry reports; ranges 6-9x for producers).

Uranium miners: ~8-10x (growth premium due to supply constraints; blended sector avg. ~8.5x).

Blended for Neo (dual asset, low-cost restart): 6-8x (discounted for small-cap/junior risks like labor volatility in SA; higher end if feasibility confirms < $35/lb uranium costs)

Expected Mcap Range: $2.0B - $3.0B USD (midpoint ~$2.8B, or ~£2.15B at current FX). This represents 100-150x upside from Neo's current ~$19.5M mcap (£15M as of Sept 2025), driven by de-risking via production. Sensitivity: +10% metal prices boosts to $2.5B-$3.5B; cost overruns cut 20%.

Not bad, eh ;)

Gold: 100,000 oz × $3,775/oz = $377,500,000

Uranium: 3,000,000 lbs × $83/lb = $249,000,000

Total value = $377,500,000 + $249,000,000 = $626,500,000 per annum.

& that is Beisa only Henkries can easily be developed later. Its open pit mining with the U only 6-8m below the surface.

Abra, I still believe NEO will be mining in 2026.

The 09th Dec RNS set out the purchase terms for Beisa which mentioned final sign off Q4 2025, what did you think was possible in 2025?

Behind the suspension things are still moving, Theo has been on site numerous times, they don't require a PFS or BFS & there is an X post setting out mining for the next 40yrs, central with 400mt of mining already developed.

I feel for anyone who needed their funds this year, the suspension has been terrible but this is still a standout opportunity. Both U & gold are surging.

Neo want to mine 100,000oz gold & 3m pounds of Uranium, per annum.

Once the transfer is through things will really start moving.

Hopefully the presentation on the 14th will give us more meat on the bones.

Financing looks to be gold streaming & U offtake.

Fingers crossed this is looking good.

RNS dated 19/09/25

"Work on the audit is ongoing, with the accounts of key operating subsidiaries in South Africa expected to be finalised and signed off next week. The UK audit process is continuing in parallel and is also expected to be concluded in the near term.

The Board is focused on resolving all outstanding administrative matters and remains committed to the resumption of trading of its ordinary shares on the London Stock Exchange at the earliest opportunity."

Looks like an update & progress to me.

Looking forward to hearing from JB 14th Oct. I have a feeling its going to be a big month for Neo.

Not really, think about it JB would hardly do an investor presentation without some firm news on the relist, audit or financing.

Far too many were desperate for this RNS, it's landed as promised, but it was never going to be anything than an update on the status quo.

Anyone going to the London event?

I hope that is going to be post finance news.

GLA

'Hopefully' later this month.

Hope2, fully agree this isn't a gold spike it is the beginning of a bull run.

https://goldinvest.de/en/chinas-insurers-must-buy-more-gold-in-the-future-how-will-the-west-react/

Shares will end up around 4.14bn, once all deals completed.

Don't forget the Uranium (our main commodity).

''The rapid build-up in ore production is driven by 2.5Mt of immediately stopable mineral inventory available due to previously developed raises'

So 5.9Mlbs U3O8 and 260,000ozs of gold already developed.''

Neo don't own central Beisa 'yet' that is needed to unlock Beisa N & S.

JB mentioned last year that offers to stream 10k oz of gold for $25m (gold@ $2500), were on the table, given that gold is now around $3500.

So I guess it's fortunate no funding has been agreed as yet.

Not forgetting U which more than likely will involve an off take agreement.

There is around 400k oz of gold in Beisa central already to be mined, that's a great start without even needing to consider U.

"The gold is worth more than the uranium, gold is at an all-time high 💛 So I'm excited that this show is getting back on the road 😄"

And so you should be, despite the way this suspension has been handled the potential here is massive.

To answer Abra bi-weekly here means every 2 weeks.

GLA

For long term holders as I said, nothing to worry about. That is a welcome RNS & communication looks to be better going forward.

Relax knowing we are getting ever closer to completion with SS & gold just keeps on going (now $3564), & uranium also moving up.

For those who want out.

I feel for those who need the cash/want out, I really do.

Hopefully you can get out in the period stated.

GLA

Hope2,

I am not entirely sure why this has taken so long but I cannot see a valid reason to panic.

Let’s explore the negatives some here believe,

1, Jason has run off with my money?

Laughable especially when he is a director here & on the boards of other companies.

2, Neo are bust?

No NEO own Henkries, an easy to mine Uranium pit.

3, the S/stillwater deal is off.

Neo signed an agreement to buy which is currently going through the SA mines ministry as a transfer.

We were told this was due Q4. Nothing has been said by either company to say otherwise.

I imagine needing the cash is the worst part for holders, but anyone wanting to hold long term should not be so worried.

Having been in countless other projects one thing I know is mining takes time, especially when it’s Africa.

I am expecting news either this week or next, I was hoping for finance news to come with the suspension lift but to be honest now I just want the suspension lift so we can get folk who want out, out. Clear the slate & the rest of us can move on with the projects.

I have no contacts with JB or Neo, but I have not seen anything that makes me think Neo isn’t going to be a success.

The gold & Uranium are great resources right now & Beisa can be up & running next year. That is something to look forward to.

GLA

Stop with the panic for gods sake.

Jason isn't post on X as there isn't any positive news he could post.

When he did post it was to promote NEO, what good is that with the shares suspended?

Believe me this will come back, I am 100% certain of this.

Ask yourselves why would NEO RNS that they want to list in SA?

Why give shares to new advisors if they are not coming back to market?

Aside here (LSE), has anyone seen negative stories ref Neo?

Any prominent X posters? Share pundits? Magazines?

NO.

Other groups I.e the telegram group are also anxious about NEO & not hearing much from JB but there isn't the sheer panic we see on here daily.

Try to remain calm, we have all waited way to long but I am sure news is on its way, hopefully this week.

GLA

I keep saying it relax, there’s news due this week.

It won’t be long before those who want or need to exit will be able to.

For everyone else we expect news regarding finance & where we are with the purchase.

Both gold & Uranium are riding high & neither look like spikes. Long term gold only looks to be going up.

GLA

Relax, no one has been fooled. I understand the frustration if you want out or need the money I really do, but if you are here for a project which could be potentially producing this time next year there isn’t the need for panic.

We are not frozen in time, we have had plenty of RNS informing us that the deal with SS is moving along.

Theo was onsite last week.

It’s really difficult to be patient given the length of suspension but I have no doubt whatsoever that we will be back & hopefully back with news on funding & refurbishment plans.

Stop panicking this will 100% come back/good.

Look at the news we have had since suspension & ask yourself if a company would bother listing on the main SA stock exchange or complete land exchanges needed for the BEISA central deal.

I am firmly in the camp of wanting to see financing & transfer news BEFORE any re-listing .

Finance wise $25m for 10k oz’s was the unofficial deal on the table but with gold above $3.4k per oz I wonder what the current offers are?

Uranium off take may well be another revenue source.

Given we need to refurbish & install a Uranium plant I think we will need at least $75m.

Let’s look ok forward to good news later this week (touch wood).

AI is a great tool but sometimes you need to ask it the right questions, not all sales are straightforward including this one.

SS are going to be our major shareholder with around 40% of the company, they will also have two board members.

In recent visits to the site JB has been accompanied by Neo's advisors & the Sibanye team. The SSC group are responsible for the refurbishment but SS will have staff who know the mine inside out, (not forgetting Theo has also worked at this site in the past).

Most of the feasibility studies & test drills done in the last few years by SS have been shared with NEO.

Its in their interests as well as Neo's.

There is work ongoing at Beisa, hence why Theo was onsite last week.

I suspect the work will be survey & technical study's ready for when Beisa belongs to Neo.

JB mentioned there Should be no PFS or BFS needed & an older post on X showed how they plan to mine the central & Beisa North areas.

https://x.com/JB_MiningAfrica/status/1873272927262757143