East Star Resources Share Discussion Threads

[mattybuoy] 10/5/2024 14:10

As it was in the DRC that deposit may well have been higher grade than Verkhuba, but yes an interesting comparison.

[the count of monte_cristo] 10/5/2024 13:58

To support the above post...

[vesperdene] 10/5/2024 13:49

It is hard to find comparable assets, not just because they are in Kazakhstan but also because the buyer (if close by) might not need to develop any processing infrastructure, greatly enhancing the economics.

Nzuri Copper in the DRC was a very similar size: 211,000T of copper, as well as 25,00t of cobalt. In Oct 2017, at the time of sale, copper was trading at $6,800/t, more than 32% lower than today, and with zero of the tailwind. I'm not sure whether the buyer (Chengtun Mining - Chinese) had to develop all the infrastructure, but I believe they would have had to. The sale price in 2017 was US$79m.

So my best guess is at Verkhuba, the copper alone should be worth at least $75m - 90m today on a like-for-like comparison. No idea of the discounts to be applied (or the multiplier perhaps of existing infrastructure, etc.)

[mattybuoy] 10/5/2024 10:06

Ought to be worth $50m of anyone's money.

[someuwin] 10/5/2024 10:00

Watching the interview from last week, CEO says he expects to deliver Verkhuba farm-out (or sale) announcement by the end of June this year. As that's just a few weeks away I don't think he would be saying that unless he was pretty sure.

As a reminder...

236,000 tonnes of contained copper @ $10,000/t = $2.36 billion.

313,000 tonnes of contained zinc @ 2,800/t = $876m.

Total over $3 billion.

[papillon] 09/5/2024 21:09

free stock charts from uk.advfn.com


EST log chart. A Strongly Bullish "Golden Cross" appeared on this long term chart in early April.

[shortcpx] 09/5/2024 09:28

Funny no one else picked up on Alex's uranium deal with the Phoenix lads. Nice lil side hustle.

[the count of monte_cristo] 09/5/2024 08:54

Shhhhh, nothing to see here. Move along:)

[soulsauce] 08/5/2024 17:09

Looking good again 👌

[seagreen] 08/5/2024 11:44

Incredibly experienced and relevant team being formed...
j'en ai acheté quelques autres

I find the evolving story potentially compelling.......

[scrwal] 07/5/2024 22:50

Interesting appointment of Tremain Woods who was Deputy Director at MSA Minerals Consulting Kazakhstan

[amelio] 07/5/2024 11:48

East Star looking like a coiled spring on the chart.

[spangle111] 05/5/2024 10:39

Another interesting article! Shows how kazackstan is growing in terms of mining and minerals, hopefully we see more of this across the region.

[the count of monte_cristo] 03/5/2024 16:16

Ooo tickety boo!

[the count of monte_cristo] 03/5/2024 02:26

I like it:)

[amelio] 02/5/2024 12:50

I’m a fan of the location. Clearly BHP are as well, 2 of their 6 selected candidates for the 2024 Xplor grant are Kaz based.

East Star the only LSE listed company as well.

[thelung] 02/5/2024 12:40

'Infrastructure led exploration'

[mattybuoy] 02/5/2024 12:36

I think the location is great. The number of places where you can actually get a copper mine built is getting smaller and smaller. Kazakhstan is one of them.

[seagreen] 02/5/2024 12:22

Amello it is the location I suspect but as TCMC says ...someone else's opportunity

[the count of monte_cristo] 02/5/2024 08:58

Lack of attention is someone else's opportunity...

[amelio] 02/5/2024 08:13

Quite incredible how little retail attention East Star is seeing.

Whilst free float is small and volume has picked up in recent weeks, compared to other garbage juniors on AIM that trade at far higher volume frequently, it does puzzle me.