Member Info for StanleyUK

I could be wrong, but don’t think we will be drilling into the porphyry for a long time, if at all.
It’s a long way down, and the sulphides are just scratching the surface of what may lie beneath. I believe Ryan indicated such in the last month.

It’s fair to expect the sulphides will stretch far and wide, and Marcus’s rough (yet conservative) calculations show just how valuable this can be. I don’t see us getting beyond the sulphides before someone with deep pockets comes along and makes us all exceptionally wealthy.

The next few weeks should give us a good idea of how close Marcus’s numbers were (length x width x depth x density). If anyone hasn’t heard this, go and listen to the recent webinar run by RightOn. It will make you wet and tingly.

It’s my guess that the porphyry will be drilled by the next company that comes along. I’ll be retired in the sun by then.

The next few months hold mouth-watering potential. Sit, hold, and enjoy. The Phoenix hasn’t even begun to rise yet.

StanUK.

But there’s a middle ground, right?
I don’t want an RNS every day, but we must stay visible. During the Investor Meet session Greg stated that it was the company’s strategy to do events and stay on investors radars (47:20 mins in), and he said the new direction is “drumming up more interest in the company”. He admitted they have been poor communicators in the past, but nothing has changed in approach since the presentation.

The “deadlines” have been loose, I’ll concede that, and terms such as “in the near future” have been repeatedly used, but used over 2 months ago.
Mike indicated over 3 months ago that assays are taking 6 weeks (I think that was a proactive interview with Katie). We are now at almost twice that.

This has been a long wait and people have moved on. We may be rewarded for our patience, but the company has done nothing to encourage the stickiness of shareholders, and certainly not yet achieved Greg’s stated aim of keeping is on investors radars.

The “delay” (or protracted results news release, use whatever term you prefer) may be out of our control, but shareholder momentum is firmly within it.

Delays are the norm, that’s ok.
But radio silence after missed deadlines isn’t.
It’s time the company stepped up the PR. I have no doubt that things are progressing behind the scenes, and Empire will be a good company, but the problem is we are currently spoilt for choice for investment in mining plays, and it’s the visible and vocal ones that get the money.

We are at risk of becoming unloved and forgotten about. And that rests with management.

Kongolasse does make a fair point, and right now the declared resources are not world beating.
But I also don't think we are going to declare the innings at 6700 oz, either. Let's say that Jack's Dream returns similar figures (I expect more, and also greater numbers from Eclipse). Let's round up 15k oz.
Let's call it £18m. With a rough project cost of £5m we are almost at twice the current market cap, and providing enough cash to hopefully develop the more exciting project at Menzies.

Yes, anyone buying in now is buying into the potential and that takes a small leap of faith, but also they certainly aren't just buying into 6700 oz.

Empire is under-valued. It's just a question of by how much.

These are ridiculously exciting figures, and indicates just how much of a "starter" mine Empire is for the company.
Not wanting to get too carried away, but let's take Marcus's figures and say we are looking at 5km (long) x 500m (deep) x 200m (wide), stick with the SG of 2, and get a little bit giddy and presume we can recover 60% at 1% grade, then we are looking at a Copper value of USD60B!
And even these can be said to be conservative figures.

Yes, it would cost an awful lot of capital to extract this, it really indicates the opportunity beneath our feet.

Anyway, small steps. Empire is huge on its own, and then we have Navarre & Red Star in the short term.
Load up, lock them away, and retire very happy.

Thanks again to RightOn for the notes. Really looking forward to the video release later today.

This is an incredibly exciting prospect. Well done to RightOn for putting this all together, and thanks to Richard and Marcus for making the time for our questions.

There are so many fantastic answers in this Q&A, and the figures given from Richard relating to the deeper Sulphides are mind-blowing.

Can we keep this all a secret a little while longer, so I can buy a few more before this heads to the moon?

“it fails to do one thing.... talk itself up”.

But it’s the “talking itself up” that kills most investments on AIM.
Directors come out all guns blazing, talk of billion dollar market caps, millions of ounces of gold, gazillion barrels of oil, or finding a method to bottle fairy dust. They sell the dream, hook in the investors, and disappear as fast as they come.

Yes, Empire / Georgian mining has had a chequered past, but I like the fact Mike has been understated, and Shaun seems to be the same. This shows much more integrity than the dream-seller CEO’s.
It’s the lack of bluster that encourages me with this investment, and I’m sure that Menzies will do the talking for us.

I don’t want to see a 300% overnight rise, as it rises as fast as it falls. I’m hoping the next few months will see us gradually climb back into the 3’s, re-build the base, and then slowly into 4’s and higher.

If you want to chase the fireworks there are plenty of “investments” for the gullible. Sure, you might treble yourself investment overnight, or lose the lot in the blink of an eye.
I believe Empire will become a solid, small scale miner worth 3-4 times current market cap over the next few years. If that’s for you, welcome to the gang. If not, hopefully you can find your fortunes elsewhere.

StanUK.

I hope that as part Shaun's package he gets a new microphone!
It's great to hear from him though. A highly prospective, largely unexplored plot in Menzies. This is exciting news.

But first things first, let's see what Jack's Dream holds, and if it can all be funded by the Georgia disposal.....

Hi Spudton,

I’m presuming you are referring to the Electromagnetic / Geo-magnetic Survey.
Ryan recently confirmed it is due to start next week (arrival on 11th May), and should take 55 Man Days. This is for Red Star.
Results are made available to the company via daily download, but will take the geologist a few days post survey to process.

If you haven’t already, take a look at the recent webinar that took place. This question is answered around 15:30m.
https://youtu.be/XAT5aD1Mpd0

Apologies for the double post.
But I guess it is an exciting time, so worth repeating twice anyway!

Morning Spudton,
I’ve copied this from the Telegram group, as someone just asked and answered similar:

“I actually think this could be our most exciting summer so far.
With drilling at Red Star we can possibly confirm considerable extension to the known length of the seam(s), with potential for it to stretch 3km and beyond (currently only around 300m).
Navarre Creek drilling could show a considerable gold play. This investigation gets underway shortly.
Debt Finance should be confirmed in the next few months, putting the last financial piece into place for start-up mine funding. With the rising copper price, the terms and payback should be attractive.
Sign-off of project from an ESG perspective.

This is a very exciting period, and could be transformational to the company and the share price”

Lots to come over the next 3 months, and we should start to closer to our fair value.

Morning Spudton,
I’m copying this reply from the Telegram group, as someone just asked and answered a similar question.

“I actually think this could be our most exciting summer so far.

With drilling at Red Star we can possibly confirm considerable extension to the known length of the seam(s), with potential for it to stretch 3km and beyond (currently only around 300m).

Navarre Creek drilling could show a considerable gold play. This investigation gets underway shortly.

Debt Finance should be confirmed in the next few months, putting the last financial piece into place for start-up mine funding. With the rising copper price, the terms and payback should be attractive.

Sign-off of project from an ESG perspective.

This is a very exciting period, and could be transformational to the company and the share price.”

So in short:
Drilling results to come, which could prove material upgrade to the silver and gold resources.

Financial certainly via the debt financing.

Project certainty via ESG sign-off.

Lots to come. We should see a steady rise in the share price, edging closer to £1.

I agree that this is in an up-trend. We are now 15% above the placing price, and 25% higher than the recent low.
With the start of the newsflow due within the next quarter, I can see a considerable move upward from here.

If you are looking to play the swings, there is better value elsewhere. This is a proper investment share, which will hopefully (caveat emptor) continue to grow for many years to come.

Hi Ides,

I don’t think you should see negatives in this. In fact, I would argue the opposite.
The Board have always been happy to engage with shareholders big and small, and I for one am happy to have such direct access to the team.

Phoenix is at the embryonic stage of development, and I hope they maintain such open communication as they grow.
PI’s have been calling for better PR for a while, and this is just part of this drive for increased visibility.
We are fortunate to have PantsOnFire as a representative of us little guys, and he is leveraging his long relationship with the board for all our benefit.
Not sure if you are part of the telegram group, but we are also fortunate to have a director within the group who is always happy to contribute to the discussion.

I imagine that once the final financing is in place the institutional PR will kick up a year.
As far as I am concerned, the Company's doing everything right. No BS, no fluff, no ra-ra campaigns to drag in the unsuspecting / uneducated. Just honest information and open engagement with the shareholder base.

For now, we don’t need any more than this. The fast project development will do all the talking.

Just IMO, anyway.

Thanks, Jack.

Let’s hope it’s a wealth generator, most of all.

We have interesting times ahead.

There’s some interesting quotes in that interview.
We know that there will be more resources to be discovered, it’s now a case of how much more.
There’s plenty of land still to explore, even if it is classed as a small mine.

“I think it will be packaged and sold on” has been mentioned before in these Vox interviews. This has also been my likely outcome. I just don’t see Empire taking it forward.
The interview suggests EEE will be a discovery company, and not a mining company. Essentially proving up properties for others to take on.
This could very much be true, and would maybe be a bit more attractive to an incoming CEO. Others have mentioned that the current project may not entice a big hitter to come in, but as a portfolio company then it may have a bit more interest in it.

Either way, let’s hope Georgia, and Eclipse, can bring some cheer back to the share price.

Hi Gosia,

The link will be available after the webinar, possibly later today or tomorrow morning.
RightOn (or PantsOnFire on ADVFN) was pretty quick with it last time, but with the company’s focus on PR now, they may want to brand it up and share on their page, which will take slightly longer.

Should be out in the next 24 hours anyway.

Mike has already said it won’t be in the “hundreds of thousands of Oz”.
I think setting expectation around 40-80k Oz would be reasonable.

Let’s hope we find out later this week!

Hi Warnz, I'm all for the excitement, and don't want to eb the buzz-kill, but I think we should be careful with the £4m in the bank statement.
It is based in certain milestones being hit (laid out in the Bolnisi sale RNS), some of which we may never see, or will be waiting for a long time to achieve. But the initial lump sum (in shares) will help. and CAN is up 20% on the 50c price.

I just want to temper the expectation in case it is Georgia that gets announced, so everytone knows what to expect!

Roll on tomorrow. It's great to see a bit of blue for a change.

Welcome to Empire, Mark!
HUR is low because it's a busted flush, and has been for many months since Trice was revealed to be a fraud! I'm sure you read this morning's RNS where investors were warned (for the second time) that they are likely to be wiped out.
It's just the chancers left there now.

Empire is solid, and positive news is imminent. Excitement will shortly return to Gold (see BH's post a few mesages back). Precious metals are the way forward, and we are flying very much under the radar at a daft valuation right now.
EEE should see significant gains over the next month or so.