Member Info for RichyRich1

Aimless, please can you answer as simply as possible, how much money (as in profit) is RRR getting from that £21m?

“At the time we wondered why we were not in the Sprott ETF - and now on Sprott Radio we find out they have never heard of us. Neither had the so called expert.”

Have they mentioned that they don’t know about Cobra?

Those in the know, know all about Cobra and are just waiting for the pivotal news to drop this year and if all positive Cobra will become a household name for anyone interested in rare earths (they probably already are).

MRE, scoping study, pilot study.

Andrew Michelmore’s appointment can’t be under estimated!!

On those amounts 44p I think Mav.

Nope! If you’ve researched Cobra thoroughly I'm sure you have come to the same conclusion as most holders.

Any chance these large trades are bed and ISA’s?

Silly question! Does anyone know if the SP hits more than 10p next year for example will Rupert get his shares for years 2/3 in advance or are they only issued after annual review?

Thanks Ship.

Ship, do you need paid version of Telegram to find the group?

Totally Ship. I have complete confidence in Rupert and the team and looking forward to the ride!

Would explain why the SP has mysteriously drifted down to 4p! Funny that!

Ambitious targets but to be honest I was hoping 60p would be achieved sooner than 5 years if all goes to plan.

Thanks to everyone who frequents this board and I hope it can stay as civil, informative and as helpful throughout 2026 as it has so far when Cobra begins to evolve into something truly special!

1. IP survey still being analysed

2. Result of survey will be released before Christmas

3. Results will be released in between Chrimbo and new year at the same time as drilling has commenced at Blue Rose RNS.

4. Results are so fantastic they are being held back until after the new year for maximum impact!

5. None of the above.

I know which one I’m hoping for!

I’m only mentioning this as Rupert had referred to Havieron a couple of times now.

According to Grok (so apologies if this is wrong!) It took GGP just over 2 years from starting drilling there to hitting a £300 million market cap.

All being equal if Blue Rose hits the jackpot that’s 30p or thereabouts for Cobra and GGP didn’t have a rare earths project either!

I’ll be hanging around for considerably more than 10p!!

Hopefully this link will work but almost every day and certainly every week there’s a new article highlighting the desperation for REE’s from the West!

https://www.mining.com/web/us-firms-are-snapping-up-the-rare-earths-europe-needs-to-rearm/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=8438027f70-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-8438027f70-161494457

The numbers truly boggle Ship!

Every time I do some speculative calculations on Cobra I’m always convinced they can’t be correct!

Just to add to your insight I know it’s highly unlikely all REE will be in Zone 3 ore but just for fun imagine they were and assume they can prove up a 100Mt or 150Mt deposit which according to Rupert can be done in a tiny percentage of the land holding Cobra has which in itself is unbelievable.

From a previous presentation so might not be relevant but they did mention that in Zone 3 = 1 tonne of ore = 2.1kg MREC @ $20 profit per kg.

100Mt = 2.1kg x 100M = 210,000,000kg @ $20 = $4,200,000,000

150Mt = 2.1kg x 150M = 315,000,000kg @ $20 = $6,300,000,000

Rupert confirmed in most recent seminar price is US$ therefore…

100Mt = £3,172,000,000

150Mt = £4,759,000,000

Are these potentially the kind of figures we’ll see in the scoping study or am I way way off the mark!?

After listening to yesterdays seminar should just be a matter of time before Cobra takes off!

Another 99,000 shares for me whilst there’s time!

Https://m.youtube.com/watch?v=jqXDasQzg1Q&pp=ugUHEgVlbi1VUw%3D%3D

Thanks for posting PaulFG. Lots of very useful info that I think Rupert will reinforce next week with presentation and Q&A.

Main highlights for me probably 1-2-3 months behind schedule if drilling doesn’t commence until early next year at Boland. Roughly two months to complete then wait for results (another 8 weeks?) would take us to around May/June then input data for scoping study so roughly June/July for scoping study maybe?

Not complaining just observing as I think it will be worth the wait!

Looking more and more likely the initial production target is 4-5,000 tonnes MREC annually.

If we assume after optimisation MREC is weighted towards heavy rare earths, impurities removed and low value rare earths processed out before selling we MIGHT be able to achieve $20/kg MREC profit.

4,000 tonne = 4,000,000 kg @ $20 = $80,000,000 annually

5,000 tonnes MREC = 5,000,000 kg @ $20 = $100,000,000 annually

Not too shabby!

Does anybody know what the industry standard for valuation based on revenue is, 3X, 4x, 5X?

Question I would like to ask for next week is $ pricing used in presentations Aussie or US $!?

Updated taken from 14th October RNS so still a lot to look forward to!

So far so good and all going to plan.

I don’t think full value will be realised until after the scoping study Q2 2026.

Metallurgical Optimisation:

· Acid generation studies aimed at reducing the acid required to recover REEs: POSITIVE RESULT

· Ce and La reduction: POSITIVE RESULT

· Impurity removal: 3-4 weeks

· Product quality: 4-6 weeks

· Outcomes of offtake testing: 3-12 months

Field Studies:

· Pump and tracer permeability studies: Planned to commence later this month once the final discharge permit is received. POSITIVE RESULT

· Infield pilot study: 6-12 months

· Environmental baseline and impact assessments: ongoing

Tristar Acquisition

· Transfer of Native Title Mining Agreement (NTMA) - POSITIVE RESULT

· Transfer of Tenure (Acquisition completion) (contingent upon the above) - Expected to take 1-3 months

· EPEPR Submission (contingent upon the above) - Expected to take 1-2 months

Resource & Project Economics

· Boland extensional drilling (late November - December)

· Regional Drilling (contingent upon the completion of the TriStar acquisition)

Drilling at Blue Rose is due to commence this month too!