Member Info for ButlerMan

A very revealing presentation yesterday.

At Tempiute, they have found 550 acres of tailings. Pre the 1970’s processing was done by gravity only, without separation. So the WO3 recovery was only circa 50%. To derive a value for the tailings, take the publicly available data ( USGS) for the ore that was mined at Tempiute for the 1920’s to the early 70’s, and the WO3 reported concentration in the ore, then calculate 50% ( left in the tailings) and assume industry standard recovery rates for flotation. Then a derived figure is a staggering estimated 30,000+ tonnes ( not mtu) of tungsten that is easily produced from these tailings, because the tailings been pre-milled, and are sitting on the surface.

And, this could be in production before the Tempiute mine itself is built, as it doesn’t require milling - so potentially sometime in 2027.

The Augur drill programme on the tailings ( being completed in Sept) will verify the extent ( depth, width, grade) of the tailings, but if they are anything like the derived amounts above, then this, alone, could equal Pilot Mountain.

And the beauty is that none of this is reflected in the share price (yet) but I suspect once the brokers run their eyes over this data, and dig out the USGS data, we will see some new Broker Notes.

Https://www.reuters.com/world/europe/trump-administration-mulls-payments-sway-greenlanders-join-us-2026-01-08/

Here you go, Trek.

Maybe then the ICE agents could literally send all the undesirables on mainland USA to the mines!

I think the US listing (end Q1?) will attract a lot of interest and the SP could see a significant rise then - especially if the US Gov takes a stake via the raise that is coincident with the listing. Then I see the split of GMET’s gold assets into the new co, Guardian Gold, in Q2. This would make a sale of the tungsten assets (that remain with Guardian Metal) easier in Q3/Q4. Which is where I think this will go. £5 a share when the tungsten assets are sold isn’t out of the question, given the likely increase in the MRE, following the current exploration, and that $1,000 /mtu is entirely possible given the continued supply squeeze and the imperative for the US to secure a domestic source of tungsten.

I think there are several potential SP enhancing events in Q1. Firstly, We are overdue the Garnet Zone assays - drilling there was completed end July, and we saw a photo of a drill there doing hydrological drilling in Nov. This suggests that another open pit is being planned there. This could add a substantial amount to the MRE at Pilot Mountain- and I think this will be included in a general Pilot Mountain operational update early in Q1. Secondly, Oliver - a month ago in an interview - indicated that government funding news should be within 3 months. I’m hoping that this is for early processing of the stockpiles at Tempiute. If so, this would be a PR coup - the first mined in America Tungsten to be processed in the US in decades. Thirdly, now that the F-1 submission has gone to the SEC, the clock is ticking on a US Major Exchange IPO. This could be as early as end Q1, and its importance cannot be overstated. Many Institutional investors are legally prevented from buying on the OTC, and many US retail investors will not buy an AIM listed share. With the continued tungsten price rise, and world-wide supply constraints, shares made available in the US at this IPO should be extremely sought after. Not least because the indications are that our top two institutional investors will be pre-allocated (and buy) approximately 40% of the shares issued at IPO. These 3 things are going to create a perfect environment for SP appreciation.

I also think that Oliver is very sensitive (rightly so) in sharing information with a select audience that isn’t based on an RNS. His style is, upon RNS release, to work through it in a presentation and add colour and context to every paragraph. With everything we think that is going on - possible government grant or equity share, US big board listing etc, small wonder that Oliver is guarded in his comments. I’m happy to wait for a block buster RNS!

Count me in too.

OTC seems to have found a level at 1.20/1.21 - so narrow spread. Volume 73k shares so far today

Now at 1.22/1.23 on OTC on lighter trade than yesterday.

A 20 minute Bloomberg TV interview with Oliver this afternoon may well have prompted some US buying!

Interesting idea, FreeatLast. Would certainly utilise some of the funds POW now have as a result of divesting part of their GMET holding.

Almonty published this last week….

‘TORONTO – April 4, 2025 – Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) (“Almonty” or the “Company”), a leading global producer of tungsten concentrate, is pleased to confirm that, based on currently available information, its operations and product exports are not affected by the recent Executive Order issued by the United States government regarding reciprocal tariffs on select imports.’

But, tariff rates are really immaterial if China reportedly has all but ceased exporting tungsten to the US and EU.

I think the point of the RNS was to raise the company profile ( now two good potential mines in a reasonable timeframe) to potential investors.

The DOD awarded a grant today of $47m to a company in the US. This is good news, as surely GMET must be nearing the top of the pile.

And sold at roughly 30p a share. Seems cheap, given Current SP, and prospects?

His message reads:

“LOTS to come on Tempiute. Market will wake up soon enough.”

AIM has become a market for traders seeking 10%’s quickly. Whilst GMET was steadily climbing, they stuck with us, but the retreat back to the mid 20’s, I think, saw a lot of them bail out. Us LTHs are in it for at least another year, so not trading, and with short term traders now seeking their short term gains elsewhere, there just isn’t the volume to sustain a rise. All my opinion of course. But I’m not worried about short term SP volatility. There is enough info around, backed up by Oliver’s interviews and videos to know that Pilot Mountain is being proven up, and almost certainly will be sold on next year. That will be a major catalyst to a major SP re-rate. I see very little downside here, and a massive upside potential.

The YouTube link now says 1 Aug at 14:45 Not sure of this is the interview time and the bell ringing is earlier. Or if timings have changed

And we haven’t put a single drill into Garfield yet!

Agree it looks impressive. But yet again, it’s about future potential. We’ve had the Luansobe licence for 2 months now and nada about how we are going to monetise this. very disappointing.