Member Info for Cebo-456

The market is pricing those assets as duster and suggesting that delays are due to poor results . Here is hoping that the results are due to lab delays and not being withheld by CDL.

If the assays from crofton are good then this should rerate to between £2 -£3 min. Good heli-mag results from Patterson could push us to £5 then JV, or buyout on the cards for up to £10 per share - which is still only £120m for what could be huge discoveries - but we need results first.

Would have been if they had told us that drilling had began . It obviously hasn't. They could have and should have drilled this before the watter froze - as was the original plan . All that said - MRE 3 months after drill begins will have this moving .

Q1 should see us @ £3 min. Thats if the drilling is complete and pending the MRE. News on drilling WB and JV @ Dotty Lake as well as decent MRE numbers could/should/would make this easily a £30 - 50 million company. The value of recoverable Gold and Silver in the tailings alone is "hundreds of millions" same with Gallium, Copper etc.

Hoping that this is £1 before drill start news. Dual listing News.

Even better if romance is in the air - and Dotty's neighbour is interested in having a close relationship with her, as is the local gossip. 🤔😉🤔😉🤔😉🤔🇨🇦🇨🇦🇨🇦🇨🇦 IYKYK

There was never going to be anything in the run up to Christmas - unfortunately Poulden is a rat and it looks like Ed Mead may be cut from the same cloth. The last interveiw was recorded and the Company and the Nomad get to veiw and edit every single word before it is released. They both know that some would hang on thinking there would be pre-xmas news. They know that they havent confirmed if they have the Assays from 001 - so some think that hole 1 assays will be released when they have them (which they already do) instead of waiting till the rest of the results are back. Richard P cannot be trusted - I now have my doubts on Mead and Lenigas has a somewhat chequered history. Forget your Christmas News - this will be the End of Feb, early March.

So although I do not trust the Bod and advisors, I do trust the geology and huge potential that Red Setter has - which is why I heavily invested in this Company - I care not what yhe SP does on the short term - drop or rise from here makes no difference as I will hold till it is multiples of todays price.

Merry Xmas everyone - ignore the noise and let this play out .

Bucket, Spade, Ice-pick and Snorkel 😬🤣

Seriously though - the tailings sit a few metres below the surface - multiple samples taken this year all indicate "many hundreds of millions in recoverable metals".

Remember the advantage of recovering from tailings over traditional mining.

👍 Less environmental damage – no new mining, reduced land disturbance, and improved cleanup of old waste

👍 Much Much Much Lower costs – less drilling, blasting, and grinding, less hauling easier to process.

👍 Lower energy use – material is already crushed and processed.

👍 Better metal recovery – modern technology can extract metals missed by older methods - plus the POG and other metals like Galium are now worth a fortune , which would have been overlooked or less economic when originally mined.

👍 Reduced waste and pollution – stabilizes tailings and lowers risks like acid drainage - a win-win.

👍 Safer operations – no underground and blasting hazards, no WOH, CSE etc.

👍 Faster to develop – shorter permitting and construction timelines - plus Canada are fast tracking minibg permits for tailings - I think DH mentioned this on an interveiw.

👍Strong ESG benefits – turns waste into value and supports sustainable mining practices - keeps the tree huggers happy.

👍 In short: tailings reprocessing is cleaner, cheaper, safer, and more sustainable than traditional mining - and the metal prices for our basket are on the increase.

Drill, baby, Drill 🇨🇦🇨🇦🇨🇦

On the MRE (Feb/Mar) it should more than 10bag (40m MC) - MRE will show at least $500m metals in the tailings.

Then the Canadian X-Listing - with an option for Flow-through shares being issued at a 30%+ premium to the SP due to the tax breaks for Canadians buying them.

This is on the radar for Canadian II's - their guidelines state that drill results and an MRE are needed before they can invest.... they may wait for the X-listing but not necessarily.

Drill baby Drill 🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦

Hi Amy - the Company will list in Canada Next year.

The tailings are huge - with $m's in free cash flow - but they are the key the unlocks the funding for drilling at Obonga which has multiple compeling targets:

👍- Wishbone — established VMS mineralisation with good widths;

👍 Survey — supporting VMS continuity;

👍 Awkward — PGE/Ni/Cu potential with graphite signs;

👍 Ottertooth & Silver Rim — early stage, underexplored anomalies.

The VMS geological model potential is huge - not just a single ore body - but an entire VMS camp - think of Flin Flon (also Canada), or Noranda in Quebec or Kid Creek in Ontario - all host 20-30 deposits.

🫵. Rule of thumb valuations should panther confirm VMS Camp at Ombonga (although there are many variables) is generally:

💰 Early VMS discovery (showings only) about $50m

💰 First Resources (single deposit) $50- 200m

💰 Teir 1 (multiple deposits) $500m - 2b.

💰 Drill, prove-up and sell.

Dotted lake is also another exciting project - the tailimgs open the key for further exoloration there - just look at what out noisy neighbours are doing at DL.

Yes, the tailings is Value is huge but under the radar - what most do not realise is that the tailings are only the start and the facilitator that unlocks Obonga and DL

They also forget Drilling at the Wishbone prospect has intersected true volcanogenic massive sulphide mineralisation, including:

👌 27.3 m of massive sulphide

👌 51 m of sulphide-dominated mineralisation

👌 Zn-rich intervals like 3.6 m @ 3.9 % Zn, including 2 m @ 6.8 % Zn & 4.3 g/t Ag, and individual assays up to 11.65 % Zn.

So Amy, those are not Wildcat Targets anymore - the grades already has enough sulphide character to classify it as a VMS in formation.

Drill baby, Drill🇨🇦 😜🇨🇦

🫵Panther Market Cap is sub £4m

👍 The tailings in Winston are worth approx $750m - 1 billion .

👍 Wishbone and Dotted Lake could be $billion dollar discoveries each.

👍 The SP is below 60p - how is that possible ?

🫵 In 18months the SP could be £60 and the MC would still only be £400m.

💰 Massive re-rate round the corner.

Thank me later

II's taking a position ??????????. Or a Short squeeze.

Can anyone clarify how many shares are in free float - a while ago about 6 people held about 50% of the shares - including the CEO with about 6% ??????

Satallite not showing any sign of drill rig or barge ...

Do not see them starting before Christmas - so its January 2026 at the ealiest ...

Which pushes back any MRE , any decision on funding or options of debt apart from perhaps dilution , any canadian listing till mid year 2026 - and probably now no cash flow till 2028 unless panther pull their fingers out or get a competent team in place .....

Nice interveiw from Poulden and Mead. Long term hold, huge future potential.

Not expecting any more news before they have all the Assay resuts Q1-2026.

So on that note - have a great Christmas and New year. Switching off now and putting my feet up on this one for a while and will be back when the Company announce next years plans for drilling, road building etc.

The fool was also in UKOG 🤣🤣🤣. Posting about investing hundred of pounds - possibly why he is a bitter and twisted wannabe now. No clue, no idea and also no life if he spends all day on forums with no interest in investing. Sad

The loser manifest resurfaces as it goes 20% up. 🤣🤣🤣. Get a life pal - or save up for a few months and buy a few - although by then if could be a good few quid a share - despite your pathetic games and posts.

Holding till £20 - and if that takes 2 years then so be it. £3-5 on decent first hole Assay results from holes 1-3. 10 on a JV with Glencore. £20 on a T/O or Asset Sale.

Will start getting excited when we hit £1.3 before hole 1 - or £10 when the first few results are RNS'd.

£20 SP is only £600m Market Cap - a fraction of what Redsetter woukd be worth if it turns out to be a Teir 1 discovery - even if its only half the size of Haveiron

PortfolioPower, you are 'avin a giraffe mate 🤣

Big difference between the 2 Companies - Oriole are targetting 1-1.5m oz . Red Setter could contain at least 10 times that. Oriole also gave away 50% for their JV with BCM so half for up to US8m$ carry. Likely to need more and they will go down to 20 or 30%.

Thats why, the more WSBN can drill, the more of Ted Setter they keep.

So WSBN - currently hold 100% of Red Setter (a potential 10-16m oz au discovery).

Oriole currently own 50%, likely to reduce further on a potential 1m - 1.5m doscovery)

No-brainer to me.

And now I expect to see the SP push on through the 47-48-49p levels and bounce off the 50p a few times. Be nice to finish at 50p+ but likely to close around the 48p before a similar trajectory tomorrow.

BigW, I researched this on Monday when the RNS dropped and just doubke checked figures again.

🧱 BASIC UNSEALED ROAD - (single-lane gravel, minimal pavement, compacted) — realistic range: A$1.0M → A$3.5M.

🧱 UPGRADED GRAVEL ROAD / stronger resheet (higher quality subbase, heavier compaction, better drainage): A$2.5M → A$6.5M.

Quick Breakdown:

👌Plant & crew (clearing, grader, spread, compaction, supervision): A$100k → A300k total (depends on how long crews are on site and whether they hire/own plant).

👌Mobilisation / demobilisation / site establishment: A$30k → A$60k.

👌Drainage works (culverts, headwalls, side drains) and minor earthworks: A$20k → A$60k (low if very few culverts; higher if multiple crossings needed).

👌Contingency, contractor margin, design & approvals (incl. environmental surveys if required): typically 5-10% of construction cost.

Combining these with material haul gives the total ranges shown above.

Total material required is 60,750t for the second option which is the upgraded road.

Material + haul unit cost examples (correct as of Oct 2025 im Patterson area):

A$35/t → material = A$2,126,250

A$42/t → material = A$2,553,150

A$50/t → material = A$3,037,500

So total costs rounded up.

Plant & crew: A$250k approx - plus DL's cut 🤣🤣🤣

Mobilisation/site setup: $50k - possibly slightly more, possibly less if using Nifty Camp.

Drainage & culverts - A$50-80k max

Contingency / margin (≈10%) to include permits and surveys.

A$2.5m - approx for materials - depending on delivered price / haulage costs of course - but this wont be far out.

So I stand with my Costs, double checked and then benchmarked against previous projects .

Ignore the posters that want to build a full blown M4 motorway - those costs are well known in Aus and it really isnt that hard to double check them.

Wrong - 2-3m Ausie $ is spot on. Its relatively flat Aussie outback - they arent laying concrete or building a motorway ffs 🤔🤣🤣🤣🤣