Member Info for MTSparky

Yep, it goes to show sometimes you need to sharpen the stick and poke to get some results...;o))

"The PFS should be delivered very shortly, but the optimisations continue, hampered by COVID in the laboratories. Note it’s now a PFS, not a PEA (which takes more time, but has better acceptance). That’s much better!"

That is the point I was making previously, you don't need bench scale leach testing etc for a PEA, they are going straight to Feasibility study stage which is more detailed. Why the fk didn't they make that clearer *slaps hand on forehead*

"we will update the market next week".....big day tomorrow then !

Great chat chaps, keep it up !! A huge relief for everyone to hear that some for of update will be issued shortly.

Navarre Creek Ore grade about 0.20 to 0.25 ounces of gold per ton of rock would be a reasonable range I think.

In respect of webinars please please do not let Marcus Edwards-Jones any where near them. He is just painful to watch and listen to. Search on Google and you will see what I mean !

.....who is looking at today’s trades and thinking we may not like the next RNS *holding hand up*

RightOn if anyone on this board appears close to panic it is you, the self proclaimed spin doctor for Phoenix Copper!! All I have done is copy and paste the RNS and referenced an interview Ryan McDermott gave in October !! You are coming over as being a bit desperate. Have your "mates" hoodwinked you into putting your pension into this company? I hope not for your sake. If you are calling your "mates" and being fed lies and excuses then please keep them to yourself !!

What do we believe, the RNS from the company which is in black and white or you ?!?!? There are no excuses for not issuing a PEA in January, they stated weeks (NOT MONTHS) on Dec 9th 2020. They have issued PEA before without any issues or prolonged testing excuses. If the company do not to issue a PEA then I wonder why that is ?!?!? ( THE REAL REASON NOT THE RUBBISH THEY ARE FEEDING YOU).

We won't mention this line from the RNS...

"....testing of all metals will therefore continue for a while longer in order to take full advantage of rising metal prices."

If any investor was not a little bit insulted by this lack of respect for them then God help us.

Morning all. Can't buy anything again. Can sell in quantity. Read into that what you will.

The huge increase in volume this week would suggest news next week.

Despite all the sells the bid is holding firm. This moment could be the pro's getting in ahead of news. It would be nice to see some TR1's in the next few weeks.

Don't chase/force a trade there will be other opportunities. If you aren't sure keep your powder dry...;o)

Not a bad start to the day, pressure on the ask at 52p. I still think we go higher to 75/80p. Next week should be lively ! ...;o))

It depends what the placing price is. If they raise $5m at 75p the sp will rise not fall. The placing doesn't worry me, it could be 7.5m shares at 50p. They need cash so a placing is no big deal in the grand scheme of things. Once they have this cash they can pay debts, pay for PFS and pay for Red Star drilling and exploration. Hard Rock Consulting have already confirmed Empire is financially viable so I don't necessarily see a poor PEA. For me the real value is created when $100m + funding is secured for Empire as that unlocks the cash flow to develop the whole site. If you are unsure and don't want risk I guess sell tomorrow and wait for finance to be sorted. The market is rigged so its just a guessing game for us retail mugs !

..will be interesting. Could be last day before a company update Monday and being a Friday I can see a busy day ahead. 56p+ close would be great. If I were PXC and wanted the SP super high for a placing I would release Navarre Creek results 1st and the PEA for Empire to follow on. Build some momentum.

51 v 53 and no stock available. I still think news Monday so get strapped in chaps..;o))

COPPER $3.7
SILVER $27.2
GOLD $1915

PEA and NPV should be stonking, might be the last chance to get in sub 50p. MM collecting stock at 46p bodes well.

If we can keep the shares in issue down to say 80m after full dilution/$5m fund raise and then get an offtake loan for the Empire Construction my NPV guess rises to £3.76/sh JUST FOR EMPIRE STARTER MINE. Then you add in Red Star at say £1-2/sh. We have Navarre Creek Gold to add and then the humungous deep sulphides which could eclipse all the above. *need to sit down*

47.00 - 50.00 (GBX) at 13:02:59 on Market (LSE). Can we break 52p today and then blue sky !

46.00 - 49.00 (GBX) at 13:00:15
on Market (LSE)

Well you have to remember the SP has risen on no news. We have news due on several re-rate fronts which will send the volume high enough to break 52p IMO. Can see 65p previous high being broken if the news is very good as expected. 80p would be a nice bonus for us...;o))

.....can sell in quantity for 46p. Further up ticks to come by the looks of it. We need volume to get us above 52p and to what I hope is a significantly higher price for the placing offer.

...is my guess.