Happy days.5 Sep 2025 14:51
I have the greatest of respect for those in profit wanting (or needing!) to take it. And as mentioned before, the appreciating share vaule is not going to go in a straight line. What keeps me sleeping really really well at night though, is that compared to a few weeks ago we are seriously de-risked. All the stars are aligning to the point where even bad news, delays or hiccups along the way should be minor inconveniences on the path to some seriously higher valuations.
The trolls keep suggesting that financing is needed, placings, licenses, etc etc.
All this is true, and some might take time, or dilute existing shareholders.
when we were sub 10p this was a real concern to Yours truly, but as we're at 50, 60, 70, 80p it's no longer a concern, as long as we're talking about drilling, buying land, paying for salaries and lab time. All those are in the single digit millions at the moment and low double digit if they get ambitious. Not a big issue and likely and immediately net positive for the shareprice. EEE can raise working capital cash without problem.
Where the real challenge is, is at Capex required for a globally significant mining operation. (they might look at starting "small" but anything that will be outputting 100K+ TiO2 per year, is going to be hundreds of millions of dollars. That they cannot raise in the open market with current Mcap. This is where offtake agreements come into play, or loans, or JV's etc etc. I'd be amazed if their inbox won't be full of offers when that day comes... ;)
If you want to look at outputting 1MT+ Ti (metal or sponge) we're talking $1BN+ if peer operations are at all to go by. This is Capex by the way. Opex is obviously a different story, but not negligible either.
So, this is where I think SB has done exactly the right thing; made damn sure the MRE is going to be so huge and of such importance that it should go straight to top of the AUS Govt. priority "major project status" operations. It will be impossible for them to ignore, and the market players will react with more than a "meh".
I've outlined before why I hope and think that the geo-strategic value of a low cost and potentially price-setting end-to-end Ti operation in Australia would be of huge importance; Both for Australia as it'd generate 1000's of local jobs, lots of expertise and local value add, lots if infrastructure and huge amounts of taxable net income from gains and exports. And that's just the starting point. I think the Aus gov. will welcome such project with open arms and help with the financing. Plenty of ways to do it, but one example could be a generous loan much like Iluka got for their REE facility in WA.
This is where I re-value the EEE holding thinking that £500M mcap is not even scratching the surface.
It's peanuts, compared with the potential, if they play their cards right.
GL, GTA.
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