Bear in mind3 Apr 2024 16:34
1. Verkhuba is just one prospect on the VMS licence. Talovskoye looks very promising, see rock chips results. They're drilling new targets provided by Mitre Geophysics. Look up Kate Hine.
2. BHP grant. They've pegged ground near CAML's Kounrad. If fieldwork shows prospectivity, BHP could provide follow on investment.
3. Getech JV. See RNS, they've said specifically they're going to build up data and attract investment for that. Low cost to EST to send a field team out and Getech to provide their AI analysis for a 5% stake in the JV.
Copper assets alone hugely promising and worth a lot more, even if you just price in Verkhuba alone.
Oh and there's gold licences that could get disposed of as well. More than 10km of strike with potentially economic grades. They have a JV with the state mining company on that.