Member Info for PaulFG

Good to hear them really emphasis the PFS. Also good to see OF relax and drop the serious salesman mode, he's so much better at delivering the message and 'listenable' in this mode. Both sounded very confident, obviously backed up by the recent insider buying.

Very excited to see the results of this drilling program - hopefully it all goes smoothly. Given they're quite shallow holes you'd hope it'll be quick & surgical and the labs will have a reasonable turnaround.

I listened to the podcast live - big mistake the number of technical issues, false starts, people talking over each other was very frustrating - hopefully those have been edited out in the published version.

Nothing really new for me there, no surprises. I did come away with a feeling of 'are they trying to do too many things at the same time?'. I think Mike knows the main item we're waiting on is the financing announcement. Let the drill results flow through as they come. But I really want them now concentrating on getting the financing over the line.

The Sasha guy for me was a distraction, he may have helped other holders that aren't as 'up' as most on here with BRES, but throwing in things like exotic financing specifics was not necessary and muddied the waters.

Great to see a director buying on the open market - best indicator for me.

Gosh if only graphite could start to hit the headlines like Copper, Gold & Silver.

My gut is telling me, and I hate comments that start with that phrase, that this is one of those shares by end of 2026 you won't regret having loaded up - same as GMET 2 yrs ago - even by end of Q1 I think we'll have a pretty good view of the land, so to speak.

I'm looking forward to the first RNS update of 2026.

Frankly, if I was Archer I'd start distancing myself from the TheSundayRoast. I don't understand their picks at the best of times and they continually push some stuff that frankly should carry a health-warning and there's bu##er all analysis - everything is tagged with comments like 'this has got be worth...' (a multiple of the current share price) without any analysis just gut-paid instinct. I mean their biggest winner last year was COBR and honestly if you listened to any of their reviews they hadn't a clue about the company.

I think if you give them a free vacation, err sorry trip, to your exotic location they'll push your share forever...

BRES is starting to move away from these sort of guys to more serious investors and once the financing is officially announced I think we'll start to see some high-quality stakeholders arrive.

I think it's a blessing in disguise that we didn't make the list for 2026 because their coverage this year was inept to say the least and probably did more harm towards the end of the year.

But it does mean that RV needs to up PR, perhaps get a comms consultant in for what is going to be a very exciting year ahead.

Feels like there may be some stellar results inbound. Great to see this performing.

For me, this is probably the most important line in the RNS:

"The Desert Scheelite Mineral Resource cut‑off grade of 0.06% WO₃ was selected by the authors. Operating assumptions were applied to establish a theoretical pit limit, including a WO₃ price of $65,500/t, an average recovery of 80% WO₃, a processing rate of 4,000 tonnes/day, $2.75/t mining cost for open pit, $15.64/t processing cost, $3.00/t processed for G&A, and an 83% payability. Blocks outside the pit limit are not considered to be economic at this time."

Obviously it's good to see an MRE increase. However, they've reduced the cut-off grade to 0.06% (!). Plus given they've included data from 68 holes drilled, I'm not overly impressed.

"Importantly, the Resource incorporates data from 68 drillholes at Desert Scheelite completed by the Company. Since the MRE data cutoff of October 20, 2025, a further eight drillholes have been completed, with additional drilling planned to further test extensions of Desert Scheelite where the Resource remains open along strike (east and west) and down dip. These recently completed and future planned drillholes will be incorporated into a further updated MRE expected prior to completion of the PFS."

However, I'll reserve judgement until PFS.

I'm wondering how quickly into 2026 they'll be able to revise the JORC.

That'll drive the point home with the market in very clear terms.

I was wondering yesterday, where the hell is the PR on the Drill results RNS.

Finally, something has appeared: https://x.com/i/status/1999380459042799994

Excellent news to end the week on. Bodes well for JORC expansion.

Price action this morning is ridiculous - hopefully the transition from retail to institutions begins soon.

It's unfortunate that BRES didn't go for a Strategic Investment with one HNW/Institution, as has been the case with GMET, it would have been a much better signal to the market, nevertheless it was mercifully 'mostly' warrantless.

The idea that this was done at market, whilst technically correct, is kinda ludicrous. It was clearly walked down to 7p and it insults our intelligence to try and convince us otherwise.

Hopefully, in the not too distant future, this all proves academic and next-to-meaningless and in the interim we've even more money at bank.

I don't mind the fact that it was clearly walked down, by the broker or whomever, but the result would have been better had we had 2 successes here: funds raised + strategic investor onboarded. It was that combination that spurred the GMET price to explode.

Situation reminds me so much of OMI. They just kept delivering result after result after result and eventually the market simply couldn't ignore it.

I know it's a different commodity and jurisdiction, but GSCU is probably drilling for two of the sexiest metals going into 2026.

Going to be a mega year boys 'n girls.

A nice, very nice, surprise this morning. Those copper grades look fantastic.

Great update.

You cannot fault this company on the science.

@s_o_h could be correct - the thing to bear mind with BRES is that's trading at only about 3% of the NPV - I guess that's the number we should keep in mind when the DFS is published here.

MR is on record as saying that P1 financing on it's own is probably too small for DFC to consider, hence the AFC involvement. So, correct it could very well be that with the current USA administration the DFC are saying let's tie up P1 & 2 in once go.

Guess we'll know soon enough.