Member Info for Crofton

Brilliantly timed top up Blackgold. For the noobs, check the AMC report in the presentation section of the website. There's a nice table at the start with some NPV calculation. Consider the drill results were thicker than the historical data, think we get a bump up on the open pit resource estimate.

Some buys today. Is it just me or did the CAML Scottish investment actually prove to be a great ad for East Star. Seems folk think they should have invested at home.

Post RTO that sounds right. Although need to factor in dilution to an extent as warrant conversions likely to happen before 6p. If the porphyry looks viable and BHP provide follow on support from Xplor, that could overcome any such overhang

Https://www.youtube.com/watch?v=JirI4LAUT0o&pp=ygUTZWFzdCBzdGFyIHJlc291cmNlcw%3D%3D

Well, we can see they are going all in on copper now with different attack vectors. We've got VMS, porphyry and sediment hosted. We can see from the Getech RNS they're taking payment in shares in the JV. But they really need to get news out on Verkhuba and dump the gold and rare earth.

Ha! Whine and you shall receive. I'll have a whinge again in a few weeks when I want a Verkhuba RNS to drop.

Zzzzzzzzzzzz heavy PR in December. Crickets since on the Verkhuba front. One month since BHP news. Any life here or on LSE in general?

As I asked before is £4m justified here? BHP backing them to try out a brand new porphyry strategy. Verkhuba will be production ready in a year or two. Conveyor belt of other Rudny Altai prospects on motion. Talovskoye and then other targets to be tested in the summer. Enough cash for a summer drill and if they can get the price closer to 5p, that's up to a £1m coming in from warrant exercises.

What's the deadline on doing a deal, Hedgie? These guys were talking up their network and having something ready to reverse in, going back a year or 2 now.

Margin loan.

Hasn't sunk in at all. Yes, we have Verkhuba and other VMS targets but getting into the porphyry game in CAML Toe's back garden with BHP in tow is huge. Yes, they take years and lots of investment but is £4m mcap justified here?

CAML toe, we're coming for you -- https://www.centralasiametals.com/operations/kounrad/

Doug, they came to market with gold and copper licences. They did gold first as targets were drill ready but copper was always the main priority and took longer as they consulted experts and pegged more licences. REE was an opportunistic deal and only cost them $100k to drill and "fast fail". Copper has been the core focus and remains so. Verkhuba is the short term driver, Talovskoye and other targets after that and the new porphyry strand is another string to their bow.

At least cross ramp something that's outperforming EST and not just struggling at resistance.

It's not great. You're ramping this based off the death spiral lender finishing picking off the bones off the carcass. Today is Tuesday. See you on the next one.

If it's so great why the need to cross ramp this dross on other boards?

It's not "leaky" BHP announced it on their website earlier today. Try again.

Updated resource model in early 2024 according to last RNS. Gold only adds 0.1% to overall grade, not worth RNSing separately. We need a JORC resource from the new model or an upside JET.

It's actually static. Spread is still 2-2.4p. It was marked down yesterday at 2p because of a late print.

They've come over from Australia. Who said they're knowledgeable about the area? Think you have it the wrong way round.