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It doesn't matter who is right or wrong about share price predictions. It also doesn't have anything to do with the fundamentals of the company, otherwise how do people explain the GSCU drop? No, it's just the dynamics of the market with people selling between news because they are like children who can't stand waiting. With less than 600m shares in issue this will go up just as much as it went down with favourable news.

From what I've seen so far, Empire has already identified the Australian Gov. depts and are on a mission to get funding that way. I would think Pitfield is of high strategic importance to the country and I can't see the government dismissing this opportunity. The metallurgical /processing analysis and pilot plant design must be completed and submitted to get significant funding.

The current drill program is due to be completed by the end of next month. The first diamond drill cores could already be on their way to the labs, and SB has said the turnaround is not long since the lab is fairly local. Most of the drilling is focused on the sandstone beds which have been identified as the most highly mineralised zones - we are looking for consistency of grades. This drill campaign will also contribute to a maiden resource definition. We can expect more news on the mineralogical and processing studies also.

I suppose now we have to suffer Glennhoss becoming an even worse troll than he already was now he's out. If there was ever anyone who fits the definition of a "bitter clinger", he is it.

Close the door on your way out.

Glennhoss, stop embarrassing yourself.

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