Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
That article make several false comparisons such as comparing the final TIO2 from rutile after processing to the TI02 content of titanite before processing, and lies such as asserting that it is extraordinarily cheap to extract titanium from rutile. Don't fall for this heap of BS.
I don't think anyone is controlling the SP except the people buying and selling, and a normal varying spread. Probably the SP will rise when we get closer to drill results.
Yes Traindriver, that is key. Once lab tests prove that any kind of product can be produced there's no way people can pick these shares up at 7.5p. As SB said, the process will evolve. It is likely that lab tests will result in multiple end products being proved over time. The data from lab tests will be used to form a pilot plant design.
Dusty, it really boils down to the final product which is just about the same as any other product regardless of its original source. All TI02 sources require significant processing to get the final product. Tintanite in the quantities found at Pitfield provide clear advantages.
Wet table analysis:
"Explorative metallurgical investigations have focused mainly on wet gravity separation to beneficiate crushed and ground ore samples before further processing, with around 90% of the heavy minerals such as ilmenite, Ti-oxides and Fe-oxides recovered to the concentrate streams with 84% recovery of the titanite; titanite having a slightly lower specific gravity. The very good performance of the wet table in recovering the titanium minerals into a heavy mineral concentrate provides confidence that these minerals can be recovered by simple wet gravity separation; a common mineral processing method. TIMA analysis of the wet gravity separation products, along with the CSIRO microprobe results, estimate that titanite accounts for approximately two-thirds of the TiO2 contained in the two wet gravity samples. Each of these samples is a representative composite of RC drillhole samples collected along significantly long (88m and 190m) mineralised intervals from near-surface to depth. The selected RC drillholes for these composite samples are located many kilometres from each other at either end of the 40km long, giant mineral system. "
It would not surprise me if Pitfield contains multiple heavy minerals in different concentrations and in different areas, given how little has been explored.
Exactly ademcg, and the way this could play out in the short term is as follows:
1. Drill results show consistent high grade or better.
2. An indicated and inferred resource is defined.
3. A major mining co. takes a position 5% - 30% of the share capital.
Any serious mining expert or metallurgist would be crazy not to want to get involved with such a project. Being instrumental in the success of a groundbreaking mineral processing technology, especially for Titanium, would be a very desirable career path.
Dustyslay.
You've made your point over and over, now give it a rest.
ONEDAYRODDERS, well hopefully these "high expectation" gamblers will be gone soon so we can get better investors to replace them. Some were even thinking there might be breaking news during the presentation.
Very interesting video.
INTRODUCTION TO TITANIUM DIOXIDE webinar (2022 replay)
https://www.youtube.com/watch?v=K8vyxKmPpaw
Genghis15 thinks it's rare for majors or large investors to take a position in a company that has discovered a huge resource on a global scale. A lot of geniuses on here today.
When people weigh up the potential future value of Pitfield, in almost all cases they forget the numerous share price catalysts that often emerge along the path to first production of such a large discovery. Consider the following:
1. The potential surprise large investor /mining major taking a position.
2. Government or other funding for a pilot project - Empire has staff working on this right now.
3. Government issued permits.
4. Divestment of non-core projects.
5. Unexpected drill results and the discovery of other commercial elements such as rare earths / copper - they are often present in this type of deposit.
6. Further positive metallurgical studies.
7. Release of feasibility study and pilot project plan.
8. Early conditional off-take agreements.
"When an opportunity presents itself, step up to the pie cart with a large pan."
- Charlie Munger
I don't do charts, but I recognise patterns of trading. We've had several legs down, each with reducing volumes. When the volume reduces to a trickle it is another indicator of reversal. Besides, with news about drilling soon and such a large prize at the future I just can't see much more downside from here.
Looks like a double bottom has started to form in the charts.
Empire Metals is in a very fortunate position. As SB has stated, they don't need to do massive amounts of drilling because they know there is more than enough TIO2 material for both lab analysis and resource definition. What that means is there is little to gain at this stage by doing a joint venture. Partnerships with bigger players are normally done to help fund a project that would otherwise be unaffordable and /or to accelerate programs of work. Empire does not have a problem with either of these right now. What we should also watch out for is institutional and other large investors taking positions. So it's unlikely to play out in a predictable cyclic way as rooters suggests. There may be a dip in the SP while building the pilot plant, but most likely from a price that is multiples of the current price - no large investor is going to just sit on the sidelines with such huge potential available.
For those worried about the share price, it's worth looking at market reactions for other companies even after truly magnificent results. During September and October 2018, Greatland Gold's SP was slightly over 1p and that was the 2 months following world class drill results - also it was gold + copper. I remember Gervaise Heddle at that time being extremely frustrated by the market. Then when the results for the second drill campaign came in one full year later, BOOM!! What often happens is that people are not sure if it's real and tend to wait. They wait until they see more evidence of the size and the first brave investors to jump in, and then follow like sheep. It's still very early in the discovery phase. We will get drill results soon from the most mineralised area of the resource and nobody knows if it will be similar results to what we've had or something much more significant.
Bridgedogg1. the last placing was at 12p and the number of placings does not indicate high cash burn - they were essentially offered the funding.
Bridgedogg1.
Empire raised £3m in Sept, but since then raised another £3m with £2m being funded by a Saudi investor. In addition, they have people working towards getting Government funding to advance the pilot project.