Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
LH, I assume the figure of $20/t for RIO Iron Ore is the AISC number? In fact, I know that's about right due to their economies of scale. I think Andii has got at least $5 just to dig it up and he is saying $125/t AISC. You are not making much sense, unfortunately.
Whatever the timescale it's going to be huge. But we are only talking 12 months to proof of concept, and there will be a lot of jostling for position from other industry players before that.
Dustyslay, people said the same about GGP even after a massive drill core result and with the evidence from historic drill cores. "Oh, it could be a one off. They might not be able to mine it at that depth". But some of us who have a broad understanding of the world could see what was likely to happen. What we do know about EEE is: 1. There is no shortage of TIO2 raw material. 2. The raw material can be processed and separated. 3. It is going to stoke a lot of interest and involvement withing the industry.
Just to clarify things a bit, the mining of natural rutile is costly and labour intensive because of the low concentrations in extracted material. The processing to get to a rutile product is relatively simple and clean however. Most Titanium products come from ilmenite which is less costly to mine, but requires a lot more energy and processing to get to the final products. What Empire has is potentially the sweet spot in between - relatively easy to mine and simple to process. In all scenarios, the final product is roughly the same. Titanium is Titanium.
FocusIR.
Titanite is not commercially mined because it has never been found in sufficient quantities, and that's the only reason. Empire have concentrations up to 20% of the ore and 67% of the TIO2.
There will be many big investors jumping on board between now and 2025, ademcg, and at much higher prices. Load up before the herd arrives.
The reason there are no companies mining titanite is because it is normally only 1 -2% of the ore and therefore a by-product. Having up to 20% is rare, so it presents a unique opportunity. Besides, if we knew the exact potentially of this discovery EEE would not be sitting at £60M MCap. Once the majors get involved we will have a better idea, but so far there are many favorable conditions such as the shallow deposit, scale of the deposit, soft material (not igneous rock), positive wet table analysis, safe jurisdiction in mining economy, good infrastructure, and so on.
We will get updates during the process of mineralogical analysis and if there's any indication of low contaminants or the presence of rutile, then expect the stock to explode higher.
Max, they probably don't need a DFS. There will be plenty of investors willing to risk £15 for mega returns.
It would be funny if a cracking RNS appeared tomorrow. All the trolls will suddenly wind the necks in and hide in shame 🤣
The following catalysts could happen any day:
1. Mining permit
2. DFS
3. New CEO
Those suffering from pessimism and fear will get blindsided soon enough. Alwyn Vorster and Guy Robertson are more than capable of handling all executive functions in the interim.
Goingtomoonufo, do you bother reading anything before spewing your nonsense. Alien spends £2m per year when they have a full programme of exploration and acquisitions. Since the last placing very little has been spent. How long since the last placing? Maybe you aren't too good with numbers.
For those who still don't get it...
The only major expense since the placing in August was the Hank0ck diamond core drilling. The Pinderi Hills review was paid in shares, so that just leaves monthly running costs. If you compare that with the outlays after the September 2022 placing, it is nothing.
Alien appears to churn through approx. 2m per year with a full programme of exploration and strategic acquisitions, but since August this year there has only been the Hank0ck core drilling.
You can imagine the conversations at Alien this morning...
Troy: "Find out what the f... is going on with the share price... get those fools at Bluejay on the phone."
All this rubbish about a placement needs to stop. The only major expense since the placing in August was the Hank0ck diamond core drilling. The Pinderi Hills review was paid in shares, so that just leaves monthly running costs. If you compare that with the outlays after the September 2022 placing, it is nothing.
Alien appears to churn through approx. 2m per year with a full programme of exploration and strategic acquisitions, but since August this year there has only been the Hank0ck core drilling.
Wolfy, give it a damn rest. What the hell is your problem? There is nothing much for Troy to do himself at Alien in the next few months, except organise funding and offtake. Most of the work is done by other staff.
It's just normal for non execs to do other jobs.
The important thing to understand and keep in mind is that, once Alien Metals gets the mining permit deals will be done ranging from offtake agreements to CAPEX funding.
Western Australia seeks to speed up mining project approvals.
https://www.reuters.com/markets/commodities/western-australia-seeks-speed-up-mining-project-approvals-2023-12-12/