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In the Titanium project update on the 18th March they mention that the RC drilling would be as well as testing known areas but also new targets, just maybe those new targets will discover something else like copper, if it does then that will certainly set the sp alight
Empire has first refusal on the other 30% so there is no back door in, the only other way somebody could get empire is buying out investors, so if anybody wants my lot for £2 per share come and get them,you've only to ask.
If a predator was building a position to take over eee then he would need a very large holding, the bigger the better, and if there was a large buyer and the sp was rising fast on large buys it would encourage other punters to invest thereby pushing the sp even higher. To initiate a takeover you would need the permission of the majority of shareholders and as most shareholders are private individuals at the moment and the prospects of Empire so bright I think its a little unlikley
So, going by the chart I have just posted, peak excitement in EEE should be this summer as the onging drilling results are released followed then by a downturn as they plan the actual mine and build the processing plant and because there will be a lack of news and the real possibility of having to raise more money. After that then an upturn as the mine becomes productive, this maybe late next year or early 2026 as operations start. This is of course with several, or possibly a lot of caveats
Cottill. This is fairly usual with aim mining companies but all should come good. Take a look at this site, https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/#google_vignette.
From RNS 11th July
Importantly from an economic perspective, the dominant iron and titanium oxide minerals, are hematite (Fe2O3) and ilmenite (FeTiO3), with lesser rutile and leucoxene, also titanium oxide minerals. Most importantly, only minor magnetite (Fe3O4) was identified within the samples. There is evidence of some trace amounts of titanomagnetite, but the vast majority of the iron oxide and iron-titanium oxide minerals are hematite and ilmenite respectively. This has significant economic implications as titanomagnetite can be very difficult to process, unlike hemo-ilmenite which is currently processed by Rio Tinto at its 70-year-old RTIT Quebec Operations in Quebec, Canada. Additional sampling and detailed mineralogical work is needed to determine if hemo-ilmenite is an important mineral at Pitfield
Whatever your thoughts are on LHs' little de-ramp Russia and China are jointly going ahead to mine the largest (or maybe now the 2nd largest) Titanium reserve in the world at Pizhemskoye
https://www.mining-technology.com/news/china-russia-titanium-mine/?cf-view
It seems to me that the diamond drill was right on the edge of the target area which is why the higher grades start at 80 meters, on one side of the DD site there is an RC site ( RCS003) where the higher grades start at 92 mtrs indicating a slope down but on the opposite side and stretching over 1000 mtrs starts with RC drill hole number RCS002 where the higher grade starts at 30mtrs indicating a slope up to S001, higher grade starts at 2mtrs and S004,(0mtrs)S005, (0mtrs) S006,(0mtrs) S0010, (0mtrs)
and S0011,(0mtrs). indicating the top.
What the DD has shown is just one edge of the site and that high grades exist from the surface to over 350mtr
This is massive
Suggest you do a little research, last interview he said that they were funded, plus grants until after the first drilling program. Once that is finished they will go back to the markets and ask for more. The first drilling program is soon, March I think or maybe April but they seem to want to do it sooner rather than later.
I used to work as a lab tech for Western Mining at Kambalder 40 odd years ago, my job was to test samples coming up from the mines for gold, copper, nickle etc. Each test took exactly 2 hours and we did it every 2 hours, day and night, there were 4 or 5 of us working in each shift. I suspect the process has speeded up somewhat but if say each drill has say 50 samples it could take one man maybe a week or more so I'm not really surprised that there are delays
I shall be buying a few at this price so that if the sp hits 10p I should at least break even, and if the sp stays at this price or lower then any loose change at the end of the month will go in. I believe Parsons was unlucky, if the drill bit was a few metres one way or the other then he could well have hit paydirt and then he would have been everybody's hero, having said that I'm glad he's gone, there is nothing like a complete change of management after a disaster.