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Where's the evidence that the Monchetundra flanks have 18moz? What are the grades and what studies have been done to show that it can be mined economically?

It's worth doing some research on the most advanced project in Georgia, Kvemo Bolnisi East (KBE) which has a sizeable copper/gold resource. Interestingly there is a gold oxide cap at surface, above the larger copper/gold sulphide ore, which could be brought into production quickly at the JV partner's plant located about 10km away.
From an RNS: "The gold oxide deposit in GZ2, containing an optimised in-pit mineral resource of 1.14Mt @ 1.10g/t Au. This initial GZ2 resource covered an area extending from surface to the base of the oxides at approximately 40 metres depth with a footprint of approximately 150 x 150 metres. As the resource occurs from surface, no significant stripping will be required on commencing production, which has positive cost implications."
My calculations are as follows, assuming $700 costs per OZ and 90% recovery:
Total gold produced at 90% recovery is 1,128.6KG
Total revenue at current gold price of $58025 per KG = $65.5million
Total Profit = $40.10million
Total profit to EEE (50%) share = $20.05million
This shows the potential! It is only a small part of the project but as it is at surface it can be brought into production without much further work.

People beginning to see the value in Empire's projects. Here are some calculations that were done recently on the value of contained metals in the JORC resource . Commodity prices have moved up a bit since then:

Munni Munni JORC resources has a gross value of $2.2bn palladium, $639m platinum, $570m rhodium and $263m gold.
So that is $1.5bn net to EEEs interest.
The JORC resource should increase further following recent drilling and some historic drilling by Platina that was done after the JORC resource was calculated

Oh the start of the recovery here. I think we could see double figures on positive drilling results which are due any day now.
The price action suggests there's some positive news in the pipeline!

The price action suggests to me we are set for a strong breakout

Also worth noting the platinum grades are much higher than at Monchetundra and Munni Munni has a useful among of rhodium which is the highest value metal

Here are some calculations that were done recently although commodity prices have moved up a bit since then:

Munni Munni JORC resources has a gross value of $2.2bn palladium, $639m platinum, $570m rhodium and $263m gold.
So that is $1.5bn net to EEEs interest.
The JORC resource should increase further following recent drilling and some historic drilling by Platina that was done after the JORC resource was calculated

Well said Manlord. It's not been an easy ride for shareholders but now people are starting to see the value and the share price is starting to recover.
The company has great management and assets so it has the potential to get back to the highs of close to 30p and hopefully beyond that

That should be enough to nudge the share price back above 100p and towards the 52week high of 132p.
Exceptional gold grades discovered at Asacha and the gold price hovering around $1800 make TSG a very compelling stock to own.

The current gold price and bullish outlook will give them more options for financing and will hopefully result in retaining a greater stake in Tulu Kapi

Interesting article on fever detection kit:
https://bhekisisa.org/opinion/2020-06-23-the-dubious-value-of-fever-screening-why-measuring-for-surface-temperature-wont-help-curb-the-spread-of-covid-19/

Looks like people are finally seeing the value here and the share price is starting to re-rate to a level that reflects the very large resource and improvement in operational performance

Great RNS, market didn't expect drilling at Munni to have started so quickly.

Me too

Very happy with the mineral resource update which has added a very significant amount of value to the company which should hopefully be reflected in an increase in the share price.
This is based on 60 drill holes but there are 48 still to come so the mineral resource is likely to be further increased . A further 18 drill holes were completed in May and June and 30 more are to be drilled this year.

Makes sense DC. Prove up enough to justify trial mining then use part of the earnings to finance further drilling to prove up a much larger resource.

I think people are waiting for the company to get a fundraise out the way before buying in or adding to positions. The appointment of Shard today suggests we are getting closer to that point.

Martin Hull is a shrewd operator. I think he will avoid a placing for the time being and not until the share price is considerably higher.

Yes, interesting news for us!
It's only an RNS Reach unfortunately so not really material to the share price.

I think we'll see some further news on the drilling/resource development front shortly and the share price will recover quickly. I don't think there was anything in the accounts to justify the sell off. The fall in profit before tax was fully explained so I don't that was a factor.