Member Info for london_

16,000 metres of infill drilling needed for the PFS, right?

That's 20% of the base case NPV roughly.

Let's see what more information might be mentioned in the webinar later

It's too hard to tell. Probably a mix of the two.

And they were throughout the day, not just at close. They only showed after close.

The webinar will break the MRE down into layman's terms.

And I should imagine there will be talk of the next steps.

Pretty standard practice imo.

£4.5 million investment.

Directors have share options available to take in 1 and 2 years.

Fantastic recent results.

These are the three bits of info that add confidence to my investment.

Without these, I'd be worried ahead of tomorrow.

When the fair value price is spoken of, at what point in the 'journey' is that based on?

i e. It was 4.9p, that's pretty much the price now. And it took a few months to reach that since the broker target.

So, if the new fair value price is, say, 10p - would that be based on current status/info?

It says 44 million traded here on LSE at the moment

Back being offered 5p to sell.

It's certainly sitting there - being offered 4.8 to sell a couple hundred thousand. Have we seen the peak of this phase of the development?!

There must be quite a few people down 10-20% who bought in yesterday.

I really get the feeling this is a shake / order before the news comes in Thursday.

If the MRE is as positive as the recent results and the broker target is 10p (for example), then the SP should move on the MRE news.

And if the funding leads to a quicker move towards production, then the SP should move through that period too.

I get a feeling there is some profit taking, and that some very happy people will be getting back in at 5p (when it was above 6p just 24 hours ago).

Just my opinion of course.

Say the brokers fair value is 10p, does the SP drop back below 9-10p again in the short term?

@Alans55 exactly where I've been. Posters on the boards talking about their calculations and chats with their AI of choice.

Only for the stuff that matters - MRE, PFS etc to be underwhelming.

As said, for me it's the investment from the high net individual that has really cemented this for me. That close to the MRE, smells of success.

Based on the recent drill results, the investment and the SP projections being 'thrown out of the window', is there any risk in Thursday being a let down?

It's backing off a bit. Being offered 5.8 to sell at the moment.

BB_hoppa. I have been caught before by junior explorers are selling early results.

But, the recent injection from investors adds confidence to this one. And the share options for the board.

And the consistently good results.

It's sensible to de-risk as you have, but I do feel this one has 'even better' coming. Hopefully I'm not wrong.

SP cooling off - back below 6p to sell.

Is there enough information in the recent RNS' to have a good estimate of what the MCAP could be after the MRE? Realistically, could this hit double figures post MRE?

Or is that more likely post PFS?

£500 million MCAP?

10,000,000 shares + traded in the first 30 mins of trading.