RE: 10x+ potential11 Jun 2022 16:53
Afternoon, I hope everyone's well and enjoying the weekend
I'm not concerned where this goes over the days and weeks, with no risk of placings until atleast April next year, I'm more interested In where well be in January - march as so many keep developments will be happening between now and then.
By then we would have expanded the REE farm in -
https://www.linkedin.com/posts/east-star-resources_why-are-asx-stocks-so-in-love-with-clay-rare-activity-6935850695141023745-LjeK?utm_source=linkedin_share&utm_medium=android_app
It starts 7.5 meters from surface and in the above article it explains it takes 20 minutes to drill 50 meters through the clay - the current $1.56bn proven resource will be cheap and fast to expand to 2-3+ billion in-ground value - and is also cheap to extract at 7.5 therefore fast to open pit production with local smelters.
Apmintas, Noveo looks like a shallow high grade deposit, shabdah had a 980k ounce jorc that's no longer compliant but hasn't gonna anywhere, Eshkilitau II looks like a deposit and il find the name and size of one of the largest targets with high grades hit, there's high grades at 9 of the 22 targets and the majority are 10-30 meters under cover some starting from surface.
If these deposits are that shallow, and its a $1 dollar a tone in Kazakhstan to extract and send to a local smelter - the surrounded mines, including glencores 225mt riddler miine 50kms away with the same state JV partner as EST has a Sub $500 AISC - the shallow depth, low local AISC and the grades we've been hitting, makes it the likely hood of these all be economical, the future of EST as an investor i belive at apmintas is multiple open pit, quick to production gold deposits at - https://www.linkedin.com/posts/east-star-resources_drone-magnetics-identifies-multiple-gold-activity-6919933495150534656-wPXs?utm_source=linkedin_share&utm_medium=android_app
And the polymetal licences - I keep sharing the immediately above this one pinned post and pictures - were surround by many large significally high grade discovies litrally within kms all around us ( closest 5kms 40mt+ ) - "The Rudny Altai region is one of the largest VMS provinces in the world and East Star’s licences contain more than 20 historical mineral occurrences - including copper, lead, zinc, gold and tungsten - and mines." - The H EM survey is being flown now to find targets like the 22 if found at apmintas and if we hit high grades of any variety of metals into any of the targets when we drill there, it will be gamechanging for a currently sub 10mil mcap company.
https://twitter.com/EastStar_PLC/status/1529476367200526336?t=2ohXCR1u8gWW7kPe1uycaA&s=19