Member Info for Y00020978

Marching towards $18,000 per tonne!

What was it that the company tweeted not that long ago....

#RightCommodity #RightPlace #RightTime

Yes much ado about nothing.....

Apart from the revenue improvement of $11.325 BILLION!!!

Transformational news from the company this morning!!!

Revenue improvement: US$11,325 million of potential revenue upside over the initial 30-year life of the asset ("LoA") due to product grade improvement which was separately announced in June 2025.

GLA

About to break $17,000 per tonne!

This is huge for the valuation of our project given we have hundreds of millions of tonnes of Nickel.....and the potential for a hell of a lot more within our licence area!

GLA

Lovely looking £36k buy.

Follow the money......id love to be a fly on the wall to see what's going on behind the scenes here.

GLA

Followed up by saying - "Even at those prices (top target - 27.6p) you still have a very modest MCAP so I think this has the potential to go so much higher than that!"

Even better than you posted here.....

They said if we break and hold above 11p, the following targets could come next:

Target 1: 18.7p-21.8p

Target 2: 21.8 - 27.6p

The latest shareholder analysis shows Axis are increasing their holding - not selling.

These small sells are simply impatient retail sellers jumping to the next rainbow no doubt.

With the Mining Right now secured (for our fictional mine Jono!) attention turns quickly to who are we going to partner with.....or will they just buy the lot from us for a sensible price? Ie....much higher than our 7m MCAP!!

I think a lot hinges on the latest survey results which are due to land any day. Alan Green let slip in his interview a fortnight ago that the survey had completed....won't be waiting much longer for the results. If they sunk a couple of drills and hit a Nickel Sulphide sweet spot.....the drills prove that the geology matches the surveys. All bets are off.

The easiest buy and hold on AIM right now IMO.

GLA

Exactly....a buyer can wait for us to prove up more with lots of drills early in 2026.....but if those drills all hit the sweet spot the buyer will end up paying a shed load more.

If they like what they see on the multiple surveys completed, if they agree that the results gathered from the drills sunk to date and since the latest surveys confirm that the geology does in fact match the survey analysis.....then why wait to pay more? Pay a lot less but taking a bit more of a risk......but with Ivanhoe 5km next door, its a very low risk IMO!

We've drilled lots of holes.

If our neighbours Ivanhoe or Valterra Platinum (Anglo American) want to expand - I'm sure the numerous surveys and drills completed to date to prove the geology matches the surveys.....and if this is identical to Ivanhoe's geology they won't need any more drills sunk.

Strategic partnership news could land any day as alluded to in Richard's interview.

GLA

Regular chunky buys spread over a couple of months.....someone in the know is accumulating!

Not long now and the uncertainty will be removed.

GLA

Don't believe what they are classed as on here - the chunky trades around 7.22 were all buys.....the ones around 7p were sells.

Alan Green interview suggested survey had completed....results could land any day.

I asked Alan what price the company could expect to sell the asset for in his opinion......

His response:

Following a Preliminary Economic Assessment in 2012, the reported inferred and indicated resources (Non-JORC) totalled over 1.5 billion tonnes @ 0.245% Ni with an estimated Net Present Value of US$317m.

That's out of date now, the surveys and drilling underway now should contribute to a new PEA, which should lead to substantially higher numbers, but that's just my speculative view.

The math is pretty simple on the original PEA number. An NPV of $317m vs. current market cap of c£7m should tell you all you need to know about the potential upside, particularly now the mining rights are in place for the next 30 years.

Transcript from the interview......What are investors likely to hear about next?

Sequence is clear - 1) completion of geo physics survey and interpretation of that....next couple of weeks.

2) Drill plan - parameters, locations, how we'll stage and execute the drilling

3) in parallel, confirmation of registration of mining right...a formality

4) and if there's any material partnering or financing or things like that we'll certainly have to RNS those....so err....stopped himself in his tracks.

These all seem to be near term (2025) deliverables so including number 4 in the answer to that question is very telling in my opinion and will come any time between now and xmas.

If that was the case he probably wouldn't have taken the time and effort to progress the mining right application.....just sat there and coined it in.

We're in end game territory now IMO.....if Zorbas wins, we all win (if holding when news lands)

That's if no strategic partnership/outright sale discussions accelerate between now and year end!

News on that front could land at any minute as sensible offers were alluded to in the latest interview from RM. Have they received an unsensible approach....the start of a negotiation whilst the predator hoovers up on the open market in parallel?

Hi 99....you've always been very clued up when it comes to Kore.

What's your take on what has happened here?

Did they mess up the funding? Have they run into difficulty getting to Financial Close? Or simply just received enough interest to start a bidding war process and management have decided to pursue it?

One trade, small volume....nothing to worry about imo

Add in:

11) Mining Right now granted for 30 years. This now turns this into a very serious project and will very much be on the radar of much larger established miners.

12) Fully funded for the foreseeable future - with still less than 100m shares in issue.

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10 reasons off the top of my head to be invested here:

1) The asset is huge - As per previous drills and initial resource report

2) The locality is politically safe with major players operating next door

3) The local geology is proven - both by our previous drills, and by existing major players next door (Ivanhoe and Anglo Platinum)

4) The market is hot - Plenty of merger and acquisition activity taking place for assets like ours. Next door neighbours Ivanhoe have plenty of cash to accelerate their Phase 2 expansion of their Platreef project.

5) Commodity prices are all rising/have all risen this year and forecast to continue - we have PGE's and Nickel in abundance.

6) The demand for these commodities is extremely high from all over the globe - especially China and US. Carmakers are scrambling for supplies to support the Electric Vehicle boom.

7) There is an extremely low free float of shares here - likely to be less that 10m shares.....when this wants to, it moves quickly....see the last month as an example.

8) CEO has a large controlling stake and retail investors have very large holdings.

9) A 'prominent Institutional Investor' approached the company and took a nearly 20% stake in June (disguised as Axis).....Axis have increased their holdings since....are they warehousing these shares for a predator? Therefore making a takeover likely.

10) Recently completed surveys and drills continue to prove this asset has World Class potential - we have potential for an independently declared Gold resource in zone 4, on top of the proved up Nickel and PGE rich zones 1-3 including potential for very valuable Massive/semi-massive Nickel Sulphides sweet spots. A maiden resource and an updated NPV could land at any time.

Feel free to add more - let's make this a valuable thread for newbies and long term holders alike.

94% up in a month is a decent start.

It hit 13p a couple of weeks ago before consolidating at these levels.