Hot focus on W Pilbara Region29 Nov 2023 11:42
No one would have failed to notice the sensational share price rise in Empire Metals (EEE), which is sitting on what could be the world's biggest high-grade titanium discovery. Up from 1.15p in May and UP to 11.30p this morning as I type this, another 31.7% today, and it just happens to be in the W Pilbara region of Western Australia. This should be good for us GGP shareholders, as it will once again focus everyone's eyes on the region as a whole. However, at the same time people like lemmings will be jumping on the EEE bandwagon, taking profits, and hopefully, reinvesting them in us. The way our share price is acting would bear this out, and I would expect the EEE share price to peak at around the 12p mark according to the chart, as it is in well oversold territory. At some point they will have to do another big fundraise or placing, as they own 70% of the Pitfield project, as the titanium anomaly is an incredible 40km x 8km and as deep as 6km. So getting that out of the ground and building a mine is going to be very expensive. As you know, I'm a major investor and LTH of GGP, but I just wondered how many shareholders here have an interest in EEE, as I'm waiting for it to retrace, as it will do eventually, but have been watching it and not investing in it since it was around 1.5p. Maybe, at some point GGP may consider an investment in EEE? What are others thoughts? GLA Greatlanders!