Member Info for RichyRich1

Far from being nailed on Howard but with each news release looking more and more promising. My main risks,

1. Does ISR work in the field?

2. Size of resource?

3. Grades at scale to make project economical?

4. Financing for production that minimises dilution?

Once each of the above gets ticked off positively share price will reflect the certainty.

I wouldn’t be surprised if collectively we own around 20% maybe more on this platform alone. Combined with management and other large shareholders maybe 240m shares free float?

0.41% for me. Wish I had a lot lot more!!

Is there any way that shareholders can vote yes to more confetti but only if AB steps down from his position(s) at RRR?

I might vote yes for that but if it’s not an option I’d rather write off my investment and see the company go into administration.

I’m guessing the show of hands will be favourable to whatever AB wants to happen at any EGM!!!

I might be wrong but I think the recent jump in share price is mainly due to the sale of the gold project. I’m still not convinced the market has assigned meaningful value to Cobras rare earths yet.

Similar thoughts to yours, what if…..

1. Grades are not good enough at scale making the project uneconomical.

2. MRE underwhelms either due to grade or scale or both.

3. ISR doesn’t work in the field as effectively as in the lab delaying whole project and feasibility studies?

4. Scoping study not as positive as expected worse case project doesn’t proceed to pre feasibility due to poor economics.

Given all the info we have so far I think the above is unlikely but there’s a reason why we’ve only got a £20m market cap!

As they continue ticking off and addressing the uncertainty we should re-rate accordingly (hopefully)

It’s funny isn’t it!? For context the deep dive used cobra presentations from the web, interviews with Rupert for forecasting Capex/Opex and took ISR into consideration adding a premium if that proved to be successful in the field and speculated that money from Wudina sale would go towards exploration minimising dilution so not totally random.

Sitting here at a £20m market cap just seems so far fetched that we could hit the dizzy heights of multi £100’s million market cap but hey you never know, if it all goes to plan all tax free wrapped in an ISA I hope!?

I asked Grok to do a deep dive on Cobra and given everything it could gather from the web assign value to Cobra after completing a PFS and BFS and how long it would take with a 150 Mt resource.

“For a 150 million tonne MRE, completing a positive PFS and BFS for Cobra Resources’ Boland Project would take 34–36 months (~2.8–3 years), with PFS requiring 16–22 months and BFS 18–22 months, assuming a 4-month overlap. With 1 billion shares in issue, the share price post-PFS is 17p–35p (£24/kg base case, £40/kg bullish case) and post-BFS is 35p–69p.”

Stars are aligning for Cobra!

https://www.reuters.com/world/china/china-risks-global-heavy-rare-earth-supply-stop-myanmar-rebel-victory-2025-07-08/

Bit of a mention on this site.

https://simplywall.st/stocks/gb/materials/lse-cobr/cobra-resources-shares/news/uk-penny-stocks-to-watch-in-july-2025-3/amp

Would you apply the same logic to Meteoric Resources GGPT?

When I was reading up on BCM and before I looked into their financials I thought they would have a market cap around $100m so was well surprised what it actually was.

Anyway, don’t mean to fill the board discussing another company just thought it was interesting.

I was researching other companies using ISR to extract rare earths and came across Brazilian Critical Minerals. It’s not my intention to promote another company in any way, just part of my research to better understand what’s happening in the rare earths market and other players/competitors.

What I’m struggling to get my head around is how they only have a market cap of $18M (AUD$)!?

They have an Ionic Clay Deposit utilising ISR, their Ema project boasts a maiden MRE exceeding 1 billion tonnes, they have completed a scoping study that projects a low life-of-mine cost of just US$6.15/kg TREO and US$16.95/kg NdPr, with total development costs of only US$55 million.

What am I missing here!?

Given my hopes for Cobra it’s a bit disheartening to see another company progressing down the same path as Cobra (granted in another country/jurisdiction) with such a measly market cap after all they have achieved to date!

Is it just rare earth explorers/producers are still unloved in the current market?

If you’ve got 50 minutes to spare and are interested in finding out more on rare earths I’d highly recommend this video. Picture quality not the best and I can’t quite figure out exactly when the documentary was made but when watching it I was considering what Cobra are trying to achieve to address all the issues raised!

https://www.youtube.com/watch?v=NacuQrRfbWk

Thanks Ship. That’s what I was thinking too when it came to growing the resource. If by the end of this year they prove ISR works in the field, metallurgy is more or less nailed, flow sheet optimised, enough MREC produced for off take agreements, scoping study completed, MRE released then surely 2026 is about infilling resource to measured and indicated and pre feasibility study or am I missing some steps?

If they had £6m in the kitty would they consider doing some work at one of the IOCG targets!? Hmm!!

Thanks PaulFG. A little bit of consolidation at 2p before next leg up. Would rather slow and steady rather than spikes encouraging trading!

Now there’s some interest in Cobra after latest deal perfect time for sonic drill results to be released to keep momentum going.

Is there any chance that some of the chunky traders around 2p could be warrants being exercised? I’m not too familiar with our warrants work of when purchased they show on the open market or not?

Can anyone shed some light on how 105m shares exercised at 2p plays out please?

Hey Sheep, this is what Lord Chaos posted on 12th June so up to date.

Warrants are as follows: 106M @ 2p, 57M @ 3p, and 2M @ 4p. This should generate almost £4M if fully taken up.

Not sure Trombone! I think anything taken directly from Rupert and presentations will be AUS$.

February presentation

Page 18 - “At current recoveries each tonne of ore treated from Zone 3 in the established wellfield would produce 2.1kg of MREC”

50Mt resource in Zone 3 equivalent of 105,000,000kg (105,000 tonne) MREC produced?

@ $20 profit per kg of MREC (taken from Sunday Roast interview last year so might not be accurate!)

$2,100,000,000 profit!?

@ 5,000 tonne/year = 21 year mine life

@10,000 tonne/year = 10.5 year mine life

100Mt resource in Zone 3 that’s the equivalent of 210,000,000kg (210,000 tonne) MREC produced?

@ $20kg profit

$4,200,000,000 profit

@ 5,000 tonne/year = 42 year mine life

@10,000 tonne/year = 21 year mine life

Rupert has mentioned their ambitions is to create a multi generational resource.

The above is certainly multi generational!

I hear you Dartfrog! That’s my main concern too but that’s probably why we’re languishing around 1.5p just now with a £14m market cap.

Get in now for potentially massive gains or wait for more certainty before pilling in at a higher price. Very small free float so if news is as promising as we all hope for I can see it being very difficult to buy any meaningful quantity which is why I’ve loaded up now and keeping my fingers crossed all goes to plan. Probably not the wisest way to invest but everything does appear to be aligning positively.

As soon as they hopefully prove ISR works in the field Cobra moves into a completely different league that should be reflected in market cap.

What timescales are you putting on that Lord Chaos? I’ve got no idea what the MRE will be this year for Boland!