Member Info for Prospector

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.

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.

Https://www.youtube.com/watch?v=j8xLQuOoKsQ

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.

Https://twistedsifter.com/2024/02/earth-priciest-precious-metal-isnt-gold-or-platinum-and-costs-over-10000-an-ounce/

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.