Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Frustrating SP movement for sure.. I remember similar frustrations in September last year when we drifted down to 4pish and there were some wild theories flying around about the DFC pulling out etc before it all got confirmed shortly after. Helpful for me in these situations to take a step back and see if the company is still progressing towards objectives which for me BRES definitely is. DFC second tranche will soon and for those who missed Mike's interview on telegram the other day, he suggested some offtakes could also arrive this Q. Nothing that's happened in the last year has changed my mind that BRES will return massive value over time, be that 2, 3 or even more years
Any predictions for where we will be this time next year? Even if rubbish market conditions continue I think 18-20p is feasible with the completion of the DFS followed by a DFC-led full funding solution and production on track for 2025
I would mark it down as a rare albeit small misstep from Mike if we don't receive any additional funding confirmation before EOY, given the interviews given since the first DFC tranche arrived. Confident it will arrive but not sure how the SP will look if we are waiting for another 6-8 weeks
We are stuck around 5p until there's more clarity over funding beyond the DFC, which I think will only emerge after the milestones are hit for the next DFC tranche. I was hoping this would be before xmas but RNS yesterday suggests it won't be. Regardless of SP the progress made by Mike and the team this year has been incredible, especially on funding and I am sure there will be more positive news on this front early next year
Agree, think we will see the second DFC payment coming in pre-xmas. Nice present on top of this would be confirmation of the institutional investment Mike also hinted at in his twitter interview last week, whether from new or existing partners. Exciting time to be in BRES, I'm fully loaded and looking forward to what 2024 brings
Article says mass producing by 2027/8, we should have had at least 2/3 years of graphite deficit by that point, plus lithium ion batteries are not going anywhere soon given the massive amount of investment and infrastructure going in - I see solid state as a viable long-term solution but not something that will materially impact BRES given where we are in the development process (production planned for 2025)
That was a great listen, very interested to see who comes in on the funding side, if its partners of a similar calibre to the DFC then we will be in an extremely strong position going forward. BRES remains my single biggest holding and I'm thinking about expanding my position further. In the 2 years or so I've been holding the only decision I didn't like was the little venture into nickel but even that was binned off pretty quickly, otherwise Mike has done a superb job and with barely any dilution along the way
It was flagged on here when first considered in March, obviously pretty disgusting from the government but there is 0% chance this wasn't considered in the DFC due diligence process given how thorough it was, so I'm not worried in the context of BRES
Anyone who has done their research should have extremely little concern about a funding gap - plenty of warrants at 7/8p, sticky group of capital partners who have put in plenty of cash at a non-premium in the past when BRES was nowhere near as advanced as it is now, ongoing offtake and partnership discussions, etc etc. The SPG testing confirms the high quality of the product and the DFC are the lead mandated partner to provide a full funding solution for production at 60-70m - 5m to complete the DFS is a small drop in the ocean and will be a minor footnote in the future for any serious investors who aren't here for a quick trade