Member Info for GiantPeach

Also BRES are (rightly) trying to trail funding being around the corner. From the VOX markets report today (which is basically a line fed by BRES):

"The availability of low-cost power is a boon to the company’s plans from a commercial perspective, and the hydro-electric angle will sit well with the big funds that may be considering funding development."

The "big funds" most concerned about hydro/renewables as part of any funding is the EU.

Agreed, the main issue is funding, which is actually just a timing point. If the EU is relying on BRES as it's only graphite provider for SAFELOOP, it will be on the basis/understanding it provide a non-dillutive grant of the $10m for phase 1 development. $10m is nothing for the EU and they will get that paid back many multiples over once Orom-Cross is in production. That's why the reference to the EU official coming for the site visit in the last RNS is so key. It may have been the final site visit before providing the grant.

Where did Mike say it was 7 parties they are negotiating with on offtake? If that's correct I agree with you, any one of those could massively move the needle by 1X or 2X and now is the time to fill your boots with BRES!

Orom Cross.* not prom cross. Damn autocorrect.

I think the DFC payment possibly being delayed is a huge misnomer, and shouldn't stop buyers. (1) The US Gov's key policy initiative is securing minerals from non Chinese sources, Graphite particularly. BRES fits squarely within that. (2) The funding that is being cut firstly by USAID and mainly DEI policies, not genuine investments in non-Chinese mineral investments. (3) Trump wants to put more funding into DFC, by making it a Sovereign Wealth Fund, not less. (4) Trump created the DFC precisely for foreign investment in projects that benefit US interests, and Bres is exactly that. (5) Anything other than a short term delay as everything settles down at DFC post election and pending senate confirming new DFC head, would have to be released in RNS, and we've had nothing of the sorts. (6) The US wants to impose 920% tariffs on Chinese Graphite (not worldwide graphite). Projects just are Prom Cross will be vital if that happens and the DFC know that.

Really think anyone waiting on the sidelines is going to be missing out on a pre drilling results hype, which will start this week given that we've now got 3 rigs drilling!