Member Info for Sp28

We have a 10k block buyer.

And free float so tight. And will get super tight once US ADR program start in a few weeks!

Will be very difficult to build any sizeable position, unless this is moved up significantly.

Couldn't even by £1k earlier ;)

Absolutely NOTHING available!!

With imminent news flow, lets see how much longer they can afford to keep it down here!!

Very low volume.

Buys = Sells

Looks like more transferred from impatient to patient holders.

Once the long list of news starts flowing, this will be flying.

PATIENCE, for big rewards.

DHBM - your thought around holding back news until ADR program starts is a complete myth.

An investor has contacted the BOD, and they have clearly confirmed this is untrue, no news will be held back (what you would expect anyway)

Additional to this, BNY will not be buying shares in PXC in anticipation of ADR launch. For each ADR created, 10 shares will have to be bought on the UK market.

Dependent on demand, a significant number of shares could be removed from the UK market!!!

I'll take that appetiser...

And wait for the starters, mains and desserts.

Hear what you saying!

One peice of major news within next 10 trading days!

From yesterdays RNS:

"The Navarre Creek, Red Star, and Horseshoe area exploration programs began in earnest in early summer with the completion of an electromagnetic ("EM") survey designed to look for magnetite and other iron-rich bodies below the cover of the volcanic flows at Navarre Creek and the overburden at Red Star and Horseshoe. The field surveys were completed and drill targeting of any recognised magnetic anomalies will occur after receiving the final geophysicist report later this month"

I am sure the BOD are genuine enough to release news as and when it becomes available.

Once assays come back on the intense sulphides at Empire, its market sensitive information, they will release it straight away! Esspecially if thr copper grades are 3-4%+ ;) global average 0.5%. Very intrigued to know what the assays come in at!! Historically mined at 6-8%!

Nice, juicy buy there!

Yep definitely seem like filling buy orders. And dropped it on very low volume.

Fun and games. They'll be caught out soon enough ;)

- EM surveys next week
- Assays of intense sulphides anytime
- US ADR programme starts next month

They just putting the share through the 'washing machine' right now.rinsing out as many weak holders here as possible!

Flavour of whats to come next week!

Basically, internal geologists had a look at the EM surveys, and decided PXC needed to expand NC license area immediately ;)

And now drilling will be starting anytime!

From today' RNS:

"In June 2021 an electromagnetic survey was completed on the Navarre Creek claim block. While the Company waits for a final interpretive report an internal review of the EM data was completed and determined the need for a claim block expansion. 56 unpatented claims, staked contiguously on the northeast end of the Navarre Creek claim block, were filed and added to the existing 121 unpatented claims making up the now 3,577-acre Navarre Creek holding. An RC drilling program at Navarre Creek is planned for Q3/Q4 2021"

So much going on. So much news to come.

For an operational and financial update - 10/10!

Hold onto these precious golden tickets. This is why I believe PXC will rise unlike any other. They have categorically stated in an RNS no more fund raises, they have all the funds they need. Which other mining company can offer that!None

This is why the ADR programme to us is so unique. No more shares will to be created. Normally institutions will get a 'free' ride in a placing, NOT HERE. They have no option but to buy on the open market!

Demand vs Supply
Demand is due to increase vs Fixed Supply

From this mornings RNS:

"As a result of the March financing, your Company has a strong balance sheet with sufficient cash to cover ambitious exploration programmes for this year and next, as well as anticipated operational and corporate costs into 2023, by which time we expect to be in production from the initial open pit mine. As a result we are not planning any new equity issues for cash as we look to finance the construction of the mine from debt or debt-related instruments"

EM Surveys within approx next 12 working days!

Assays for the 25-75% sulphides anytime!

Going into sept, launch of ADR programme in US, US institutions get the green light to start buying!

EXCITING.

Seems very very deep!!

At those depths how would they ever expect to mine it.

Agree, not very positive or conclusive, and Ben is dangling the carrot for us as always.

TM apologies for coming across rampy - we all get carried away :)

But looking at the ADR programme in a simplistic fashion as I said earlier - Supply/Demand, I was just conveying my views.

Opening upto the US will increase volume, demand for PXC shares will increase, lets just say very very conservatively adds another 20-30% to volume, with supply unchanged, guess what
will happen!

I have read an article in a Finance Journal with regards to ADR's, volume minimum on average doubles and in some cases have increased volume by upto x40!

I feel like most have not grasped the magnitude of this programme starting next month.

Anyway best of luck to everyone, please DYOR.

L2 - fantastic extract from the last RNS.

Most have not yet cottoned onto the enormity of the news!

We are ~5000 miles away from Idaho. Trading of our AIM shares will open upto the number 1 economy in the world, with some of the biggest institutional investors who have deep deep pockets. And for them it would be a local company that they are investing in!

One or two of them (or dare i say more) decide to buy in here, 'rockets' will be out ;) up up and away

This is definitely being held down, imho I can see exactly what is going to happen here, its going to fly up, it's so blatantly clear!

ALL ABOUT DEMAND AND SUPPLY.

Supply stays exactly the same, demand goes up significantly, basic principles of economics tells you price inevitably has to go up!

DYOR

S786. Please DYOR.

Presentation on website. All the latest webinars are truly insightful. And obviously the latest RNS's. You will soon come to the conclusion about the massive opportunity here.

BOD have stated £1b+ market cap, and with only less than 1% of Empire explored, no one can argue against that!

Could be multiples in 14-16 months as PXC get into production. Spoken to other holders, and they wouldnt be happy with £5-6, with their knowledge and expectations they want alot more!

This is not a gamble like some explorers. Empire used to mine 6-8% copper in its previous life, which is unheard off!! And you need to look at thr sulphide drill cores on PXC website from last month, for which we are waiting assays!! Upto 75% sulphide!

'Still a little doubtful about averaging up. Surely liquidity is needed to facilitate the US otc, this can only be done with a placing'

Wrong. If you read the RNS carefully, you will quite clearly find your answer!

From 5th Aug RNS:

"We are also pleased that the Program will be non-dilutive, with the ADRs being created from existing Ordinary Shares and no new Ordinary Shares being issued in conjunction with the Program's establishment."

Basically they have to buy PXC shares here from the current issued shares to deliver to the recipients in the US. Hence why I said - expecting volumes to go up significantly once the programme is in place. Opens PXC up to a huge new market!

That would be a MAJOR RERATE EVENT, operations approval and funding.

Although I expect this in Q1 22, however they do have history of surprising us, so would not be astonished to see this come in Q4 21.

They are already working on the development of Empire as notified on their twitter.

The way I see it:

- EM surveys across RS and NC out in 2 weeks
- First Assays from Empire imminent
- ADR programme starts next month
- Drilling continues, and assays from other sites over the coming months
- Construction and funding approved
- Into production late 2022
- Maybe RS also in production

That is a long list of newsflow to come, with major rerating events along the way.

$60-70m Ebitda in 1st year, if RS also starting, EBITDA could be significantly higher, how much will PXC be worth in 12-14months time just before production starts, simple answer MULTIPLES!!!

Can't wait for this programme to start.

New investors, new market, new interests.

I really believe this will be transformational. US institutions must be waiting to pile in here. Once the green light is given we are off to the races.

For each ADR purchased in US, they have to buy 10 shares here. I think there will be huge interests - they wouldn't go through all this trouble if real interest from some big funds/institutions haven't already been shown - most have not picked up but this is a completely game changer!

US II have the deepest pockets, I have no doubt they will be throwing serious money at PXC. Low risk/high return based in US, thry will be all over it. Expecting volume to seriously pick up!

EM surveys in 2 weeks
Sulphide assays very soon
And then Launch of ADR programme next month

NEWS NEWS NEWS

To make it even better, clarification by PXC CFO:

"Just to clarify. It's $250 per claim to stake. 56 claims. Total cost $14k, plus géo time. $165 per claim per annum to maintain. So money not wasted. In fact the cost is covered some 6 times over from warrant exercises last week alone!"

So that cost us $14k ;)

I'm just astonished by how quickly things move. I guess we keep and coming back to it, LOCATION LOCATION LOCATION.

I have been in other shares, things like this could take years in other jurisdictions!