RE: WOW10 Feb 2026 18:52
I can see a parallel with EEE here. They have a very large titanium project in Australia. Last year EEE shares SIX bagged in just three months. A monumental rerating. The EEE shares have since slipped back by half but are still valued at £256m.
Compare to BRES valued at just £46m with a world class DFS behind it which will soon be upgraded significantly,EEE have barely started a scoping study!
Both projects have huge deposits (one of graphite, the other titanium, both are critical minerals) but EEE are clearly well behind BRES in the development cycle yet are valued @ x5 times BRES.
I appreciate they are different minerals and different jurisdictions, and Uganda carries more risk than Australia. However there is clearly a disconnect here. I’m not suggesting EEE is overvalued. I’m stating that BRES has some clear catching up to in terms of valuation. My conservative SP target by end 2026 is 40p.