Member Info for bunsenburner123

Chunky buys going through aquis exchange

Same like a few days again and then we did 25%

MMs are trying to hide buys

😉

The rerating came when there were talks of a JV.

SP went from 1.5p to 4.5p

Now consider talks are still ongoing, we’ve been told that - AND we have a pretty certain large expansion of Verkhuba

AND!!! We have Rulikha which looks lint will be larger in ground value than Verkhuba

33km apart, so strategic for a partner/JV

AND we have the massive super giant potential of Snowy

SP 1.5p. Trust me, check in a month or two

An expansion at Rulikha and Verkhuba from a company with a £5 million market cap could be highly significant, depending on the scale and nature of the expansion. Here’s what it likely signals — and why the market might care:

⸻

1. Background: Rulikha and Verkhuba

These are copper-dominant polymetallic deposits in Eastern Kazakhstan, part of the East Star Resources (EST) portfolio. They are associated with:

• Soviet-era defined resources (non-JORC)

• High-grade VMS-style mineralisation

• Strong copper and gold presence, often with silver, lead, zinc

• Located within a known mineral belt, with infrastructure (roads, rail)

If East Star is expanding these projects (whether through drilling, permitting, or resource development), it’s a big step toward defining JORC resources and creating real asset value.

⸻

2. What Expansion Could Mean

a) Drill Expansion or Resource Definition

• Suggests East Star is moving from exploration into early development.

• May be preparing for a JORC-compliant resource estimate, often a key re-rating event.

b) Size Upgrade

• If new drilling extends known mineralisation or confirms historic resources, it could shift market perception from “small explorer” to “potential producer or JV target”.

• For a £5m cap company, even a 5–10Mt resource with 1–2% CuEq is transformative.

c) Strategic Partnerships / JV Interest

• Expansion activity may attract strategic buyers (e.g., KazMinerals, Glencore, or Chinese groups).

• Even small-scale production scenarios could de-risk the company.

Why It’s Significant at a £5M Cap

• At this valuation, the market is pricing in very little success.

• Just confirming a modest JORC resource (e.g., 5Mt @ 1.2% CuEq) could easily justify £15–25 million valuation.

• Any signal that Verkhuba or Rulikha is a multi-deposit district-scale opportunity could lead to a 5x–10x upside from current levels.

Buy GILTS dude

Or buy AIM stocks and hope you get the entry right

For me I fancy a few sub .45p

It’s certainly a weird one and anything sub 1p is cheap

Interesting what’s going on

Seems to be a connect to Alistair Smith

Wonder if he’s told him now so the time to buy

Step 1: Metal value in the ground

Per tonne of ore (same grades and metals):

• Copper + zinc + gold + silver = ~$241/tonne contained metal value.

• Apply 85% recovery = ~$205/tonne recoverable value.

⸻

Step 2: In-situ value of the deposit

If they have 20,000,000 tonnes of ore:

• 20,000,000t × $205 = $4.10 billion gross recoverable metal value.

⸻

Step 3: Discount to early-stage valuation

Applying the same 1% “early-stage” discount:

• 1% of $4.10bn = $41 million.

⸻

Step 4: Compare to East Star’s current valuation

• EST’s market cap today: £6m (~$7.5m).

• If Rulikha drilling confirms 20Mt, it could justify over 5x current market cap based on exploration value from Rulikha alone.

Again, this is excluding any value from:

• Verkhuba

• Snowy gold target

• Other licences.

⸻

Step 5: Upside beyond this

• If metal prices rise, the 1% discount could tighten (2–3% in a hot market).

• If Rulikha shows multiple ore lenses (common in VMS belts), or higher grades, valuation could expand further.

Final Thought (20Mt case):

If East Star drills and confirms a 20Mt JORC resource at Rulikha, you would likely see a major re-rating — the market cap could realistically grow by 5x or more, even before factoring in their other assets.

Rulikha would absolutely be a company-making project.

East Star Resources

Verkhuba $2.8b in ground

Rulikha $2.8b in ground

Tiny CAPEX in excellent mining jurisdiction

Plus Snowy - blue sky 15Moz gold deposit potential (geology and mineralisation similar to the Super giants of the Andes)

East Star Resources

Verkhuba $2.8b in ground

Rulikha $2.8b in ground

Tiny CAPEX in excellent mining jurisdiction

Plus Snowy - blue sky 15Moz gold deposit potential (geology and mineralisation similar to the Super giants of the Andes)

Told you

MMs were short

They were listing buys on the aquis exchange

Absolute classic

Going much higher

Alright, here’s the blunt truth:

East Star having a £6 million market cap is very, very low compared to the assets it is building.

⸻

Let’s recap the situation:

• Verkhuba (JORC resource):

• 20–21Mt

• ~$2.85 billion gross recoverable metal value

• Early-stage valuation: ~$28.5 million

• Rulikha (historical resource, pending drilling confirmation):

• 14Mt historical estimate

• ~$2.87 billion gross recoverable metal value

• Early-stage valuation: ~$28.7 million

• Total early-stage exploration value (if drilling confirms Rulikha) =

~$57 million (~£45 million)

⸻

Compare to today:

• Market cap now: £6 million.

• Potential value based just on Verkhuba + Rulikha: ~£45 million.

• Snowy gold not even included yet.

⸻

So in simple terms:

• £6m market cap vs. £45m exploration value = ~7.5x undervaluation right now

(IF drilling goes well at Rulikha — and they’re already showing thick mineralised hits near geophysical anomalies.)

• Rulikha drilling starts this summer 2025 → key catalyst.

• Snowy (gold exploration) adds optionality — could add more value if they find something.

• Strong government support in Shemonaikha district (local political risk lower).

⸻

My honest opinion:

• East Star looks stupidly cheap right now, relative to the assets they could soon prove up.

He’s obviously told him: BUY lol

A £10k trade showing on the aquis wsbn this afternoon

MMs really don’t want people buying lol

They are short and they know it

Ready for a significant move up

Buys all going through on the aquis exchange

MMs hiding buys clearly

Expect a big move soon then 🤫

You Can wait for sure but don’t expect a lower entry. It’s all fully costed and funded

He’s waiting for maybe a JV, partnership with BHP, drill hits at snowy, expansion of Verkhuba et al.

All of which will see this well north of 5p

Similar with GSCU - 1p to 4p, raise at 3p I think it was then Back to 5p all in a few months

He clearly has some aces, he wouldn’t say “huge year for shareholders” unless he meant it

He’s never sounded so bullish

Fully funded for all drills this year

If you wait, you’ll miss it

Alex has said partnerships likely

We have mega catalysts in the coming months

Alex would never say “2025 huge year for shareholders” if he didn’t mean it

Remember - he turned down an offer greater than 3.5p for verkhuba (JV or sale unknown)

Now we have news today that this one could be bigger than Verkhuba

AND Verkhuba expansion

Plus Snowy

The next few months will be huge

The key point in that RNS is that it is a fraction of the potential

It looks likely Rulikha will eclipse Verkhuba

They are v close to each other too which adds great significance to a JV partner or sale

Alex turned down an offer of greater than 3.5p

What then would be the offer for Rulikha say at 25Mt and Verkhuba at 30Mt??

8p++

Then you have the genuinely huge potential Super Giant of Snowy

Huge few months

Shaping up to be a real beast!

Number of assets & deposits

Verkhuba isn’t even nearly priced in

Then you have these RNSd today

And the mega 100 bagger potential Snowy

“2025 huge for shareholders” Alex Walker

ENET READY??

Will take a few hours to let the news set in but once it does it’s 0.1p my side

RNS today was exceptional let’s all agree with that