Member Info for Joeman1

Im only wrong 'til i'm right Lucky.... but it feels less likely this time, even based upon some of the photos in the last Empress presentation. It was looking pretty complete.

Who could be happy with the length of time it has taken to get here.... I doubt anyone could .... but once its here who's going to complain.

Yes, worth considering that 9 weeks and we are in April, which is about the time we should start expecting really significant milestones to be hit....

.... and it doesnt seem likely that Manica will slip again..... so the larger African income will be in the bag by then too.

You are right sq52... is in the last couple of interviews. CB is calling an end date which seems to be around the middle of the year.
He was limited on Ascot but following hole 35 he mentioned bringing back the second drill.

I read that as he wants to probe both the extension of RC to the South and firm up Ascot as much as he can without slipping timescales on entering negotiations.

That last paragraph I wrote..... kinda sums up why I'm very happy with our current position.

Lots of potential.... impossible to put a value on any of it at the moment though. That is certainly a compelling list.

I think that is some of the problem. You kinda have to rely on your gut feel for value. Once we get a few to commercial agreement we will be able to apply some maths. At the moment its....
- whats the value in our production facilities ..... hard to say
- What % leverage do we expect from licensing processes..... hard to say
- What will cashflow be like 2023 .... hard to say.

I have confidence in this becoming big.... but how big ..... hard to say.

GLA

Stevemocal...... Best response yet.

Im hoping something on Offtakes will start happening soon. The current Lithium trajectory cannot continue without hurting demand, so surely the time to start taking advantage of the current hubris is around now....

Although ...... let him talk his nonsense..... it seems to have a positive impact on the shareprice.

Its great to see how much parallel work is ongoing. Likely bolstered by the increasing revenues from Africa...
Expanding phase 2 drilling, continued drilling, assaying results, model development, lab testing of beneficiation technologies for flow sheeting purposes .

If Colin's projected timescales for getting round the table with AA slips, it wont be for lack of trying.

It was good to see that they were declaring they are "close to completing" their FS. Maybe we will get this dropping in February now....

That was a great interview. So much potential this year..... and starting from such a low point...

With the news expected in April through to June.... maybe the warrants will get blown away in short order.

I know they can be an extreme drag on a sp.... but will they stand against an irresistible force?

I think (Iceberg might confirm or correct me) the mention of these metals (although the can be very valuable) is more to present the message of the porphyry type.... that it can be explored and developed on the basis of understood mineralisation types.

I'm hoping one of the next RNSs is for the new drilling permits and shows the pad locations and narrative for drilling programs.

I dont think Colin is changing his timescales but I agree it sounded between the last 2 interviews that they might rebalance their focus between proving continued strike and adding more understanding to Ascot. (Wholly due to the quality of hole 35).
But..... wtfdik

This is blue against a sea of red on my watchlist. That cant be a bad thing.....

well..... a small dividend would be nice..... but just a small one mind .... spend the majority on taking the company to the next level.

Im looking forward to the interview later today. Not only will our Colin be very cheerful but he might have lots to tell us regarding his hopes around how the next 6 months will go...

Dont know Ella, but this additional Royalty from Empress tells me that MMP are needing to get into production as soon as possible. ... otherwise why are they looking for further finance.... and they must have been able to assure Empress that they have this money accounted for up to and including revenue starting...

Screenlearner.... have a look at the photographs in Ellas link. That is a plant that is close to production.

Scre

Ore to be going through the Mills in the next couple of months.

Later slide shows their 2022 revenue from their Royalty alone is around 1million..... ramping up to closer to 1.5million in 2023.
Its only a 2.25% Royalty basis.... so makes our projections look a little conservative.... Not long to wait to find out.

There is a new Empress interview available from the 13th. Manica Update from around 10minutes in. Effectively reiterating the production from end of this quarter start of next.

https://www.youtube.com/watch?v=45rQXCD9ups

Ben, when they sold this on the price of copper was 1/3 of what it is now.... and average porphyry grades were higher....

I'm sure there are many companies kicking themselves for passing historic license on....

I'm with you on that Andrew.... and with probably 6 months before full negotiations.... there is the potential for us to get in at least another 20 holes in Ascot by then.... much more of a hook to get in the gills of a major.