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That hasn't and won't stop new institutions coming on board. As MR said, they are expecting "very strong instititional interest" once the DFS is available to them.

Growth

There aren't too many well performing shares at the moment, so I think BRES might well stand out even more as a result. There also won't be many, if any juniors, about to make an announcement that will match the DFS here and show the mismatch between current mcap and project value (and upside). So BRES is likely to provide one of the very few high probability gowth (for investors) and profit (for traders) opportunities in the junior space right now.

I'm hoping it catches fire as a result. You never know....

I would expect the share price movement to accelerate when BRES breaksout above 9/9.5p and then not look back. Thats what I’m expecting to see here.

The DFS should deliver a huge NPV figure for the company.

I think we all wish now that we had taken more when it was 2.5p. There will come a time when we will wish we took more on this current weakness!

Almost - the comparison was with their DFS, not with their chances of getting funding, which I agree are limited, as their CAPEX is $350 million! BRES's capex is way less at under $100 million, but the SPG tonnage will (eventually) be comparable to GROC's. So if their NPV for the SPG plant is $550 million with that higher capex, then it will be very interesting to see what BRES's will come out as.

Big few weeks coming up here for sure. All imo and dyor

If you want a pump and dump - go WSBN.

If you want a proper gold stock with genuine projects, fully cashed up, a trustworthy CEO, and genuine upside potential, look no further than OMI.

The SPG will be the game changer. GROC managed to add $550 million of NPV based only on their SPG plant. I believe by the time BRES gets to phase 5, its SPG will be ramped up to produce a similar annual tonnage of SPG as GROC's SPG plant. But crucially, I think BRES's capex will be lower.

When you add in the extra NPV that BRES is also going to achieve at its mine (through the improved JORC, the increased tonnage, reduction of risk and improved project economics - such as capex, energy costs, etc), then I am beginning to wonder whether my baseline expectation of $700 million is actually overly (and perhaps even ridiculously) conservative rather than grounded realism.

"suggesting the market is attributing no value to the near MRE APTA, alongside the highly prospective porphyry targets at El Cedro and the greenfield El Pantano gold project in Argentina."

This will change by Q1 2026. The market will not ignore the results coming out of APTA or its circa 2Moz MRE. By then gold will be demonstrating its move towards 5000!

It's a case of hold tight, add where you can on weakness, and then wait for the reversal back up.

Wow - inside bid is now above the ask. Last time I experienced this was with OMI, and it was just before OMI went a big run up.

Clearly prepping for 'the big breakout'.

Well done - anyone getting in before 'the big breakout' will do very well. How well, we don't know, but certainly a triple digit return from these levels you would think. There aren't many, if any, better setup stocks than BRES right now in current market conditions.

The last of the 7s appear to have been accumulated and the inside spread is very tight indeed!

https://x.com/TheMoneySponge/status/1989269583702937615

Losses and revenge trading are always looking for a good home!

Today's RNS confirms that all is on track with the end of Nov timescale for the DFS. This means the JORC is likely landing next week - maybe even on Monday!

So will tomorrow be BRES's own Friday FOMO, resulting in The Big Breakout above 9/9.5p? I'm sure we'll all be tuning in tomorrow to see what happens. Or, will we have to wait for the JORC itself? Or maybe even the DFS itself - which I doubt very much.

Whether sale or taking OC to production, this re-rate (i.e. breakout) has been long time in the making. With such a large base, and very high volume coming in, hopefully it won't disappoint. All imo and GLA

If WSBN does end up being a duster campaign, you would expect some of that money to come over here?

Becoming a bit of a pump and dump share now, around the circus show that has been this Hussar drill.

Is it going to fall to new lows, or will there be another pump and dump spike?

It's way too cryptic to give rise to a launchpad. If that was the intention, they would surely have dropped some of what they had found. Besides, can they really keep hold of any world class results, let alone the fact that no company would really do so?

"Wishbone continues to work closely with Core Drilling Services and ALS Laboratories in Perth to assess the samples recently collected from holes 1, 2 and 3 at Red Setter and findings will be announced in due course."

Can't work out from this whether they know the findings or not. Isn't it for the lab to assess the samples and communicate the findings to WSBN? Never really read this kind of update before!

Why are they reminding about 2023? Is it to soften the blow from these results, by forewarning the market that whilst these latest results aren't great, don't forget its been established the mineralisation is there, from previous results?

Maybe we should all alert Elon to this fantastic opp on X?

Don't get me wrong, no one is going to get this on the cheap. MR has made that very clear and the strategy of getting the financing done "immediately" is all with a view to extracting maximum value. But from the buyer's point of view, anyone who can afford to buy is also likely to be able to afford to fund it if the capex comes out quite low. So you would expect a buyer to want to put the offer in before BRES secure financing and the asking price goes up. I think interest will really firm up post DFS, but let's see what happens.

This has been a pretty powerful move up so far, when you look at how much volume has supported it and how much selling there has been. Very close now to that 9.5p breakout.

I think the low CAPEX and sheer size of the project will be its distinguishing factors. MR seems to have indicated it will be sub $100million dollars, which would be an outstanding result when you consider similar projects have had a capex of $350 million.

You would think that post DFS, when all the relevant figures are known, this will be one of the most sought after projects.

I doubt BRES will even make it to stage one. I suspect the strategy is to get the financing done for it, to then extract maximum value from a sale, but if any party is willing to make an offer that would get close to a post funding valuation, they will happily consider it. The DFS should fish out any offers by Q1 2026. Very interesting few months coming up here for sure!