Member Info for lptuf93

I would argue TSX/CSE undervalued so if you want a true barometer of what's possible I'd look to ASX over last few years to see what's possible in a good market. Some good success stories actually being valued a lot closer to what they're worth. Otherwise just stick to lse-listed co's for a practical comparison.

Unfortunately not comparable at all, Vicuna district was already a hot district for porphyr before filo's deep discovery. Maybe revisit comparison if (when) BHP partnership has developed.

Valuing a pre-revenue miner isn't an exact science. Sometimes, the easiest way is to compare apples to AIM-oranges. One of the closest companies and deposits I could find was Phoenix Copper (PXC) & the Empire mine.

Mining-friendly jurisdiction like Kazak, similar sized polymetalic deposit, both open-pit & underground but PXC are a couple years ahead. Empire mine has an M&I + Inferred resource ~33mt @ 0.75% CuEq (majority M&I, of which Cu is 0.39%) for around 250kt of contained copper equiv. Not as much confidence in our deposit due to wider hole distribution but 20.3mt @1.57% CuEq inferred gives us around 320kt of contained copper equiv. They've been on a small run recently but are currently valued at £26m. Considering we have a likely off-take (in some form) in the offing, I think we're only 12months behind them (if that). Given our profile and their valuation, I definitely think £20m m/c isn't impossible within the next 3-6months given expected newsflow (Farmout talks concluding, BHP poprphyr decision, VMS drilling campaign, sedimentary-hosted copper exploration activity etc.).

Yep, will happen later this year for sure. Never surprises me tho when "new" posters comment placing after they've missed a 100%+ move. Probably just a coincidence...

I don't think the spread is an issue given the recent interest. Yesterday was one of our lowest volume days of recent and the live spread was around 4%. I agree RE:timelines on a deal. Things can be extended so always a possibility. Fundamentally though, we are no way near true value based upon a JORC inferred resource of 20.3mt @ 1.57% copper. Will post something later on a company that is a couple years ahead of us but has a similar resource.

Most mid/large producers do not want the hassle of dealing with non-core licenses for a host of reasons. Risks of litigation due to issues unrelated to the asset of interest, added exploration budgeting towards non-core interests (prev. signed binding agreements), non-core metals (bring up ESG issues) etc.. They don't have time deal with that cr*p. I think it will be a clean transaction solely for Verkhuba.

You think 3p warrants are goingto be triggered at this price, let alone those warrants above? Brotha, I need whatever pills you're taking!

Let's close this chapter. We've got a lot to look forward to in EST.

Given Alex has completely smashed it out the park and delivered a JORC resource on the Open Pit as well as the Underground, lets revisit valuations. Again, this is an ultra-conservative figure but used globally in valuing in-ground inferred resources.

20.3mt @ 1.57% CuEq equates to 318,000t of equivalent Copper - roughly 700m lbs of Copper. At 4c/lb, thats $28m USD which at todays exchange rate is £22.65m. At 218m shares, that's a valuation of 10.39p.

Given we have plenty of capacity and infrastructure nearby as well as being in advanced farm out/take off agreement/sale talks, I'd add a considerable premium to that figure...

3.46 & 3.49 are actually sells. MMs can't keep this down any longer...

Yep, JORC before April's out and then expect the other offers to role in. Got to remember - we've got another 300% near-term upside from JORC as it does not account for underground resource.

The 1,800 - 2,000m is the depth KoBold drilled to find Konkola deep from memory.

That 2,000m is also the minimum. If they are going through the geology the expect then they'll drill as deep as they need to (to hit ore shale beds).

Will take a mill at 3.125p. Illiquid but taking size well within spread. What does that tell you?

I'm sorry Brighty1, this nonchalant "don't shoot the messenger" is complete garbage. This is why these boards become useless as you get ridiculous price ramping through the most braindead "technical analysis". And now you have Gordon aka Earl aka BenNaucer trying to get the link to use it to ramp. If you post a link, vet it beforehand and own it.

Jesus Christ. That's genuinely the most horrific technical analysis I've ever witnessed.

Gordonbennett, Earl of Aim, BenNaucer etc. are all the same pump & dump account. Been working around all the stocks recetnyl that have been exciting with operational news like EST etc. They're just oxygen-thieves.

Just averaged up. So excited to see the drill bit is turning. Who would of thought this tiny £3m is drilling 2x 1,000m holes into high-grade, prime Zambian acreage.

Intraday RNS missed by most it seems. Maybe see real volume towards end of the week similar to RNS on 9th but volume spike on 12th.

Tried to get into the telegram EST group under the Ben Naceur account. Needs sectioning - truly is the kiss of death talking about "what if Tesla put one in every car". Hopefully he/she/it will crawl back into the 2x50k tradehole they came from.