Member Info for nomlungu

BHP are looking for Copper all over the world; EST got a $500k grant under their Xplor programme 'to look for major new copper porphyry deposits in the region [Kazakhstan]'. The grant gives 'BHP certain pre-emption rights with respect to investments in East Star or its projects within the programme.'.

EST's Snowy silica lithocap is 18 sq km - there is potential for a world-class deposit there [generally, the larger the lithocap the larger / better developed the underlying hydrothermal system was]. EST's m/cap is only £7.5m.

FT have their say

https://www.ft.com/content/ca336820-c0d3-400b-8ed3-666f4caec2b7

---or---

https://archive.ph/QovSJ

Sky live from Grimsby now

All those Brexit Benefits...

AAL +13% so far

https://www.google.com/finance/quote/AAL:LON

'Ask Peter: Can Other Countries Replicate the US Shale Revolution?'

https://www.youtube.com/watch?v=7Gdvo8QPuMk

His videos are always informative.

Detailed Forbes article; this paragraph stood out: "All this starts to look like karma at work. A corrupt and autocratic system is the victim of its own corruption, as yet again Russian cash is siphoned off by a contractor without providing a weapon system that works, while potentially more capable competitors who did not make the right friends are starved of funds."

https://www.forbes.com/sites/davidhambling/2024/04/24/why-is-russia-losing-the-fpv-drone-war/

Sounds a bit like the UK's PPE scandal.

Dad from Turkey, Mom from Syria, died in Palestine and never visited England.

"It's sexy for management ."

Now they will demand the pay of the CEO & BOD of a Global MEGACORP. No doubt a placing will be along in half the time that ocelot will post that they have cash resources for (or even less).

You know you want one... Why have a guard dog when you can have a 'flamethrower-wielding robot dog'?

https://throwflame.com/products/thermonator-robodog/

Ibug,

What about the consolidation? He seems to be over 95% down when you exclude his generous wages.

Long live The Dear Leader.

They will probably reclassify what they can count as defence spending... if illegal immigrants are invading us across the Channel then can we count the costs of dealing with that problem as defence spending? Preventing an invasion must be defence of the Nation?...

No fire insurance in California; no hurricane insurance in Florida... the American property market is facing a series of shocks.

https://www.politico.com/newsletters/california-climate/2024/04/11/californias-firefighters-cant-get-fire-insurance-00151885

I posted there about the Open Pit value of their Resource Estimate

Table 2.3 7 million tonnes at 1.41% Copper (1.82% CuEq) suitable for open pit mining is a cracking starting point when you consider the low costs and potential speed to production. If they can recover 2/3 of the CuEq you are looking at 84000 tonnes at $10k a tonne = $840 million.

https://www.eaststarplc.com/_files/ugd/9a9edb_9cd3b7e0d29c4ede92c260df13f36313.pdf

#HUGE - a 5% free carry would still have a NPV of multiples of current m/cap.

Table 2.3 7 million tonnes at 1.41% Copper (1.82% CuEq) suitable for open pit mining is a cracking starting point when you consider the low costs and potential speed to production. If they can recover 2/3 of the CuEq you are looking at 84000 tonnes at $10k a tonne = $840 million.

https://www.eaststarplc.com/_files/ugd/9a9edb_9cd3b7e0d29c4ede92c260df13f36313.pdf

#HUGE - a 5% free carry would still have a NPV of multiples of current m/cap.

88E - The Placing Price is equivalent to a discount of 40%..

That is going to hurt

EST is still slowly creeping up; JORC and Farm Out news soon / by end of June. Up 150% over last 6 months

https://www.google.com/finance/quote/EST:LON?window=6M

Copper demand to boom as new technology drives power consumption, Trafigura says

https://www.reuters.com/markets/commodities/copper-demand-boom-new-technology-drives-power-consumption-trafigura-says-2024-04-22/

10 million tonnes more demand a year- an extra 40% demand.

Copper demand to boom as new technology drives power consumption, Trafigura says

https://www.reuters.com/markets/commodities/copper-demand-boom-new-technology-drives-power-consumption-trafigura-says-2024-04-22/

That is an extra 40%!

Hydrogen trains could revolutionize how Americans get around

https://www.technologyreview.com/2024/04/18/1090866/hydrogen-trains-america-decarbonizing-transportation/

This stood out:"Electrifying all 144,000 miles of the nation’s freight rail tracks would cost hundreds of billions of dollars, according to a report by the Association of American Railroads (AAR), an industry trade group, and even electrifying smaller sections of track would result in ongoing disruptions to train traffic and shift freight customers from trains to trucks, the group claims. Electrification would also require the cooperation of electric utilities, leaving railroads vulnerable to the grid connection delays that plague renewable-energy developers."

The plans would take quite a bit of Hydrogen...