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100% George and what does not seem to have been picked up by markets is that this is a 12 month turn around to production as per the company statement. They now need to sign an off take agreement with a US company and this is a done deal! The free cashflow per year is more than the current market cap by well over 100%!!

Id settle for around £4 for starting the offload of some of my stock

It is looking good for above $3400 and nearly at $3410 an oz. Lets hope it holds as this at the moment is only catalyst i can see that can drive current SP until October/November!

Thanks John - prefer to buy at a higher price but know what i am buying than speculating unless i have "extra" information - that has how i have made my money over the last 30 years!

Great post Martin and re-iterated what some of us have been saying for the past few weeks that it is so peer wise undervalued but the fly in the ointment is not knowing the length of time they can mine Telfer. Once this is released and possibly a couple more quarters of 65-75k ozs of production and within the AISC guidance then we will get movement. Personally i dont think even an incredible DFS will do the job as that is still 2-3 years away from dirt out of ground for production.

So do we know what level of production output they are targeting, how long does the plant for extraction of the Ti going to take to construct and the cost of that plant? Just interested as cannot see in any of there releases or any broker notes anything other than a company that has found a large undefined deposit of titanium? Just no numbers to ascertain value - any help appreciated

Strong move above $3400 and amazingly GGP still being supressed down. Lets hope this move above 3400 is here to stay as it has failed on 3 or 4 occasions in the past 6 weeks!

The sell down back to sub 10 has not happened so quite positive the outcome here with press releases now over the next few days i am sure we will see more investor buying and the LOI from the US is exactly what we required to gain traction that we will be producing by end of 2026 calendar year!

Yes and with the low ball conservative guidance we should be looking at 65k oz as a minimum this quarter and AISC in that range of 2400 to 2800 an oz. Lets see what Q1 brings come October and hope the output is better than and the AISC is more towards bottom end!

· Tungsten West has a globally significant, fully permitted, shovel ready tungsten resource that can be brought into production quickly and at low cost to provide a source of strategic and critical minerals

· Hemerdon is expected to produce approximately 20% of global supply of primary tungsten from outside the People's Republic of China ("China") and will commence operations approximately 12 months from funding

I agree and with no equity dilution which is what i was surprised by! The NPV has risen significantly on the rise of tungsten to over $500 a mtu from a FS used amount of $400 mtu. Amazed not more buyers on this as this is now within 12 months from production as per company statements on this!

Thanks and will have a read but without an MRE and an ore body size i am at a loss as to how this can be anything but a speculative play currently. Please correct me if i am wrong.

Hi manlord - i am new to the Empire metals story but with a market cap already at £400m and no MRE, offtake agreements or understanding on what the possible bottom line numbers are why would i invest? Just be interested in your reasoning as to why one would invest at this price level or anyone else on this board with thought? thanks in advance

Shotgunmike - depends on your investment horizon. A company that has a free cashflow within 2 years that is 125% of the current market cap based on the FS seems like not a bad longer term hold but do get your point.

Will be interested to see whether this stays at this level or goes back to 9p a share!

I actually dont think markets have woken up to this little sleeper yet as market cap for the earnings and only 12-18 months away has to £200m+

Quite incredible that Reeves and co have supported a tin mine in cornwall that has very little strategic importance other than employing people in cornwall but we have a mine down the road that has a product that is in limited supply and required for military purposes and the americans are going to fund it and take the offtake!! This is a PR disaster for the UK govt and i hope that the press get hold of this as will be to Tungsten benefit!

With the FS based on a Tungsten price of $400 a mtu and we are now close on $500 a mtu we have a 20% uplift on the original numbers purely to bottom line. Would like to see how that now lands!

What a good step forward and what an embarrassment for the UK govt that all the required produce has to go to the US and not Europe or UK. Lets wait and see if this creates a counter offer situation within EU and UK.

Nothing new with the release and the broader gold market was sold off in Oz today but not sure why.