Member Info for pj70

Thanks Valuation - lets hope this mgmt has learnt from wolfs mistakes!! jury for me is currently out as lack of newsflow is not a positive for a company that is listed!

According to the World Gold Council’s (WGC) latest survey of central banks, gold’s performance in times of crisis, ability to act as a store of value, and its role as an effective diversifier, continue to be cited as key reasons for an allocation to gold.

Going ahead, nearly all central banks expect their reserves to rise. Interestingly, the WGC noted that the majority of central banks see moderate or significantly lower U.S. dollar holdings within global reserves over the next five years. Respondents also believe that the share of other currencies, such as the euro and renminbi, as well as gold, will increase over the same period.

This is the key to sustained demand, price appreciation or even to remain stable!

Looks like the half year trading report will have some not so good news based on the trading the last few days. Maybe they will actually state how long they closed down for with the Iran conflict period of time.

Like the company for what it can achieve but the information flow is shocking!

I suppose that is the question - why were the grades poor and what has changed as it seems to me that the instos dont believe the story on Tungsten west yet or ever because they dont belive they can economically get it out of the ground. Interestingly in the FS there is a statement that Wolf minerals towards the end of its tenure had got many of the processing issues fixed but cashflow ultimately failed them.

I find the lack of newsflow and what the company are currently up too eg are they pursuing offtake agreements based on the LOI, are they still continuing looking at funding, are they still doing testing on the operational designs of the FS - just nothing information wise at the moment which i always find baffling.

I have sent them an email and will be interested if they respond and does anyone have experience in contacting them for information?

It will be interesting whether TUN issues a revised FS as there is now a material positive movement in the FS since it was released with the Tungsten price moving nearly 50% from $400 in FS to nearly $600!

Also can someone explain what happened with Wolf mining as the comment i have been led to believe was tungsten pricing but it was circa $270 a tonne and too low to make money - is there anyone that was involved with them that knows whether this was true or were there other reasons for the demise of them?

Yes agree but the interesting information around the new Gecko plant installed at Artemis and the potential for that to be used for surface drilling tonnage at Elizabeth Hill prospect. I thought that the possibility of any revenue from this prospect to be years away BUT not from what i am reading on the WCE website. I think the intention is to start low end tonnage processing and if the below numbers are anything to go by could be profitable early on to allow further drilling etc

Elizabeth Hill has a proven history of exceptional silver production. Between 1998 and 2000, the mine produced 1.2 million ounces of silver from just 16,830 tonnes of ore, achieving an extraordinary head grade of 2,194 g/t (70 oz/t Ag).

Rotherby they better make low end guidance as they had one shot at it otherwise i dont think the mgmt will be keeping there jobs!

I am not sure if people realise but Guy Robertson is the executive chairman of Artemis resources and also Alien metals so any tie up is highly likely IF the processing plant at Artemis which is the only one in the Pilbarra can be used to process this high grade silver.

For me getting a MRE for Elizabeth Hill is key as then it becomes a takeover play IF the resource is a 10m oz silver deposit with gold credits something that the likes then of Fresnillo would buy in an instant in a Tier 1 jurisdiction.

Ithaca is owned by two entities for circa 87% and they have sold a large chunk to Institutional investors at 2.13 which is significantly lower than the closing price of yesterday and therefore the drop.

Sageman i am hoping that the q1 results for output are 65k oz + as the downgrade spooked the market and dont want those Q1 output numbers to be below the low guidance but also would like to see a separate RNS explaining the drill results rather than being mixed up in the quartilies like last time

Lets just now get back to where we were before the quarterly in the 3.20-3.35 range !!

So is GGP going to only release drilling results at quarterlies? Seems to me they are missing a PR trick with updating the market as they get them!

96 do agree but the higher oz throughput means and cash put to one side means less likelihood of needing to use the debt facility for Haverion which will cost i would have thought over 1bnAUD (always wondered whether that 800m aud number as sprouted by macquarie was haverion related) to bring into operation and that is using the current Telfer setup.

TT just need our output to be above the low end of the guidance at least at these prices to keep the SP up!

Gold has definitely several times around not only held above $3400 but now surged in 2 trading days to the $3500 mark. The question now is can it hold at these levels or continue the upward march.

Also seeing greatland on the ASX finally being released by whoever and closing at 6.15 was a surprise but a pleasant one so will be interesting if the UK market follows suit.

Contrarian - would definitely agree and just need a fund to increase its position and that short will start to suffer! do we know how many shares they need to buy to close it out?

It is holding now well above $3400 which it has not done over the past 2 months so we may now be on the next leg up to $3500 - lets hope that GGP will now follow suit with an uplift!

Manlord - thank you for the video

Jim the answer is yes based on funding or great equity dilution that means major investors get in for larger drop in SP. The reason that no major investors are in is that there is no MRE, there is no quantification of value to the project currently (although sounds like it could be large but who knows) so hence the investor base is PIs mainly it seems.

I have also seen CEO/CFOs with a great PR team spruce stocks to high heavens and nothing come of it. In all fairness to Empire they do seem from drilling results to have a large resource and the testing in a laboratory for separation worked (this is where i have seen full scale design fall over or not get outcomes desired in oz market). The one good thing that empire do have is now a higher price to do any equity raisings for further cash which they will need to do for 2026 pilot testing.

At the end of the day this is still a speculative stock but it seems to be making all the right noises from what i have read and presentations listened too that it is moving in the right direction. I am still waiting on certain people i know in Perth to come back to with further information on what there opinion is of the company and that information is more crucial to me than anything released by RNS on the AIM!

Doc actually made alot of money on AIM - it seems like one cannot due there DD on this stock without people getting touchy!