Member Info for Genghis15

So, gradually, we learn the implications of scale processing of a mineral not previously bulk mined. we need to be much, much better informed about potential issues like this to make an assessment of investor returns here.

It certainly looks like the next few days could see a substantial sike, but let's see what emergeds from the meeting. It could put all ( or most!) doubts to rest, or raise new ones, as here. Ho hum.

Solstace

Right at the end SB says that the process of "putting the pilot plant together" will happen in 2025. Other comments in that and other interviews all point to only basic design starting in 2024, with full design, procurement, etc, in 2025. Add to that let's say 3 to 6 months operation, minimum, before the process can be said to be "proven" technically and commercially and you arrive at a rough date of mid 2026, imv.

N40

12 months? Where do you get that? The pilot plant will start detailed design and construction in 12 months, so likely 2026 b4 its producing, and proving up the process.

It appears that refining product from titanite is a relatively unproven process, not in use at any scale within the industry. Given the innate conservatism both of industry generally, and investors/financiers in particular, it's my fear that all relevant parties will be looking for EEE to provide proof of concept and economics before true value gets recognised here. Given the need to raise several $$ms later this year to finance that, and the tough market we are in for early stage companies, we have a rocky year ahead, SP wise.

I have little doubt that the process will be proved, and that at some point EEE will be valued at many times today's. But But the reaction over the last 2 sessions seems to me to indicate that markets at the moment have little appetite for shares like this until they are much closer to production, aside from ST specculation.

It will be interesting to se what AGEOS has to say at some point about the technical side, but from a stack market PoV, it could be a long wait here.

Let me say that i have no technical experise here from a mining perspective, and am no stock market guru either. , so DYOR, etc, but i have reluctantly taken my stake off the table for now. Might be a big mistake, but capital preservation remains the priority for me, and if i miss out so be it.

Whilst the drilling is aimed at delineating and extending the Ti discovery, don't forget that this was a Cu prospect, that Cu was present in initial sampling, and that a large copper ore body may still be very much on the cards.

As more areas are drilled, whilst they are targeting the Ti resource, it's always possible we could see Cu pop up in future drills. Now that really would excite the SP, as if the Ti wasn't enough.

Don't get too far ahead of things....esides, I have my doubts the Ox govt would allow 100% foreign ownership by the Saudis?

If not today, I'm sure SB will be on our screens over the next few days.

Joe

Go check out RNSs/presentations, but if there's one thing you need have no worries about here, it's scale!

Everything else looks positive too, of course, but the scale is , well, off the scale.

Andii

Tx. Can you point me at where i can see that in B&W? Thanks

Oldslow

Interesting point re 70%.

I was looking back at the acquisition RNS to see how ong we have to carry our 30% partners, and can see no answer. Is anyone able to clarify?

Great results.

Can anyone make a stab at the cost of the pilot plant slated for H2 2025?

Fair point, but sometimes these things are just unfathomable....2 years on mb they convince themselves the future needs scale. As ever, time will tell. I am no guru, just very wary of equity raises.

Sad to see the big drop here, but the writing has been on the wall for a year now,.

Hard to see how it has a future as a listed co now, given the almost certain need for more cash and limited funding options.

Puts his ginger on it imho.

I started to suspect a raise might be contemplated when the name chage was first mooted, and wish I'd acted on my suspicions then. I have reluctantly exited today.

Imv the reason these shares never reach a fair valuation given their recird and yield is the BoD habit of periodically raising at a sizeable discout in order to chase growth in the asset base, meanwhile destroying value for existing holders.

It's a great business model that should be delivering really good s/holder returns, and constant dilution is unnnecessary....either wait and grow organically, or set up new SPVs to chase more opportunities, with new shareholders etc.

Anyway, mb I'm wrong and no raise is coming. I'll be surprised, tho.

Andii

Also from RNS 23 Feb ". I look forward to providing an update on our progress at Pitfield, particularly on the outcome from our recent mineralogical and metallurgical studies, in the very near future.""

his is the news we need to see. The drilling was flagged up and scheduled. Met/min analysis much more important at this stage, imho. I am confident of good outcomes, tho that confidence id based on SB's optimism, and credible posts from AGEOS, who clearly knows his stuff..

BUT...with no disrespect to either of them, one is an interested party and subject to all the human traits and biases of close involvement, the other is an anonymous BB poster. So it's not entirely nailed on yet. just very promising, imv.

Remember the 6 and 12 months are the VESTING dates, after which the options can be exercised. They only exercise at employee discretion from then until an expiry date, unspecified in the RNS. So don't read too much into the 6 and 12 month periods, they are the period in which the options are unavailable to the employees.

ML, I don't think it is helpful to start calling posters snakes. Even if some mb!. It only encourages others to use similar terms and pollutes the BB.

Fact is that early stage resource companies oscillate, sometimes on news or lack of it, sometimes inexplicably. I could recite a list of companies that look a sure thing, and guarantee that only a few will work out. I'm pretty sure EEE will be one of them, but there's a long way to go so let's not count too many chickens just yet.

i to have confidence in SB, but not overconfidence......

Of course. Just EEE trying to keep the pot boiling while we wait.

"I followed up and they confirmed they are looking into responding"

Ye Gods, how trsusting some folk can be. No sane investor can really retain any confidence in the BoD. perhaps it's as well they haven't responded, I doubt they could have anything positive to say. you can safely bet that np info will be forthcoming on the financial position, which is now just about the only thing that matters, and has been for a year now.

"Treble will do !!"....of course! But......how about nothing at all? We just don't know, and i suspect that even if all is well (and it may not be) it will take some time to clear the doubts over both debt and emissions.