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✅ Typical EV battery contains 50–100kg of graphite

✅ Graphite demand is expected to grow significantly as EV adoption increases

✅ Blencowe’s Orom-Cross project is being developed to produce battery-grade graphite for lithium-ion batteries

✅ Test work has achieved 99.95–99.99% carbon purity, suitable for battery applications

✅ Contains natural flake graphite, the preferred feedstock for EV battery anodes

✅ Current resource contains ~2.48 million tonnes of graphite

✅ At $3,000/t battery-grade graphite, this equates to a theoretical in-situ value of ~$7.4 billion

✅ Blencowe has highlighted potential for a 3 billion tonne mineralised system across the wider project area

✅ At the current resource grade (5.76% TGC), this would imply ~172.8 million tonnes of contained graphite

✅ At $3,000/t, that equates to a theoretical in-situ value of ~$518 billion before mining, processing, financing, taxes, and other costs

The upside potential is enormous, mind boggling. It truly is a special unique asset.

This rerates significantly or gets bought out.

DYOR

Wouldn’t be surprised with Phase 1 and Phase 2 being funded by the same investor/s, as the CEO has suggested.

Whoever funds this, they will be printing cash literally forever.

project economics are insane, and this is only for the starter project, I can see a major swooping in and buying Blencowe on the cheap. If we see this going on a run, stake building is going on 🧐

If Premier are successful and start producing, there are very positive indications so far, how high can the share price go here? A question for the LTH’s.

I note the market cap is very low, but have debts and a huge number of shares.

But if the annual revenue is over $100m, the potential here is just mind boggling from such a tiny market cap.

Looking to top up.

Got a sneaky feeling, someone knows something.

We got a taster of how well it’s going last week.

Unprecedented volumes, big buys.

As always small PI’s selling out to the big boys as they load up for the big big returns.

DYOR

With all the weekend testing, I think we will get some more updated today/during the week

https://x.com/PositiveEyeZim/status/2061008017374462181

Https://x.com/Share_Talk/status/2059931667561627921

Fantastic clear updates.

As each milestone is ticked off, operation is derisked, confidence increases, and end goal gets closer.

The problem the market has its yes there is debt, but the market cap is next to nothing, on success, we should see once in a generation rise here.

Look at something like GMET, £460m m/cap, still exploring. PREM is on the cusp of producing and sits at £7m m/cap LOL

ALWAYS DYOR

This is ChatGPT summary.

I guess why everyone is here.

Previous highs of £250m, at current valuation expectations are extremely low.

Hence why yesterday’s RNS was fantastic, a real game changer.

Bullish signals:

* Xinhai engineers are now onsite for optimisation.

* Mining contractors are ready to deploy more equipment.

* The SCADA control system has been recommissioned successfully.

* Management says they are still on track for Q2 2026 completion.

DYOR

Wow with this aerial shot makes it look even closer!!

Practically an extension of Telfer.

A fraction of Telfer, and WSBN multi bags.

Equal/bigger than Telfer, we are in for a GGP style rise.

Wonder who is making that kind of a purchase?

Possibly the institutional buyer wanting more?

1 buy representing 3.63% of the entire issues share capital is insane.

Only 34.4m shares.

Free float must be very small.

Topping up last week, at stages could not even buy £100 worth of shares, just goes to show how quick things can move. Absolutely nuts how it has come down from 130p to 28p, with positive mineralisation, some shareholders are nuts.

No need for cross ramping, stay in your own lane, this is the WSBN board, no point clogging it up.

Drilling has started here, largest filling programme in Red Setter history. Anything remotely like Telfer and we are in for a monumental rise. Previous highs of 220-230p will be nothing.

All eyes are on Wishbone.

Just look at the previous moves.

AIM money will start flowing in here again, risk/reward - biggest opportunity out there.

DYOR

‘Small discount’ - you serious, a 21.4% discount. Raise is at 5.5p!!

Could get a unique multi bagger if RNS is positive

Just imagine another Telfer style deposit, with no processing facility required 🤯

Every major Aussie gold miner would be itching to snap it up, what dreams are made of.

Huge in flows to come here in anticipation of assays. Everyone knows the prize here. If Red Setter is even a fraction of the size of Telfer, with no processing facility required, WSBN has thr potential to 10-20x in no time.

With gold at AUS $7200, previous RNS drove this to 230p. On positive assays, who knows where we could be heading.

Remember Telfer is a low grade high tonnage super pit Tier 1 gold mine. In anticipation of assays, news will leak and if positive I always said we will be150-200p BEFORE assays RNS.

If anyone holds GGP, I see WSBN as the exploration play in extension of GGP.

DYOR

It’s Business as Usual

Talking of share price destruction, CLN conversion at 1.48p, incredible 🙈

And more than 75% of CLN yet remains.

I’d guess if someone said copper over 6 a few years ago, many would have said pxc would be comfortable be 150-200p or more.

And yet here we are at 3p, I guess a big big opportunity if anyone can see it.

Bodes very well for Phoenix.

PFS numbers are now useless, the entire picture has changed, massively in Phoenix’ favour.