East Star Resources Share Discussion Threads

[the count of monte_cristo] 24/4/2024 00:40

Ha ha, yes, excellent and bodes well for EST.

[amelio] 23/4/2024 22:15

That is some top quality sleuthing by Leroy

[the count of monte_cristo] 23/4/2024 14:22

"There can be no certainty that a Transaction will be concluded; however, given the significant processing infrastructure in the region, the Company is confident of receiving multiple commercial offers".

We can all now understand why they are confident.

[kaos3] 23/4/2024 13:12

worth reading on this one katsy imho

[the count of monte_cristo] 23/4/2024 13:09

The zinc price is worth keeping an eye on;

[the count of monte_cristo] 23/4/2024 13:07

You can see why some private investors are loading up and trying to get 1-3% of the company, and no doubt will continue to buy:))

[the count of monte_cristo] 23/4/2024 13:05

One would imagine that Kazminerals are in discussions with them, they need the ore. They could buy the project, huge company. EST are in the driving seat now.

[the count of monte_cristo] 23/4/2024 13:01

Can't believe people are so lazy that they prefer people telling them, rather than reading or bothering to get the information themselves....the below is in todays RNS, third paragraph;

"East Star is in the process of receiving offers from strategic partners for a potential joint venture, farm-out, or sale of Verkhuba. The Company expects to provide an update on this in the coming months, as well as further details on its exploration plans across its copper exploration strategies".

2 minute search...open it and read it:)



Alex Walker, CEO, commented:

"East Star believes the value of Verkhuba alone significantly exceeds the current market capitalisation of the Company and as such will only consider proposals that offer a fair valuation for shareholders and exposure to the near-term production potential of the Copper Deposit at a time when a multiyear copper bull market is being predicted by most market analysts.

The open pit and underground potential of Verkhuba have been demonstrated by the modelling of more than 46,000 meters of drilling and numerous geological interpretations by independent resource consultants. There is around 1.4 million tonnes per annum of excess processing capacity from two third-party concentrators within 52km by road of the Copper Deposit. With power and water easily accessible on site, the opportunity for Verkhuba to be put into production quickly and with a low upfront capital cost is compelling and reflected in the interest received to date.

We look forward to undertaking this process while planning continues for the field season, including advancing a number of exciting VMS targets in the licence package towards drilling, and progressing our porphyry and sediment-hosted copper exploration strategies."

There can be no certainty that a Transaction will be concluded; however, given the significant processing infrastructure in the region, the Company is confident of receiving multiple commercial offers.

[the count of monte_cristo] 23/4/2024 12:48

See previous RNS's and also read todays.

[katsy] 23/4/2024 12:31

What's the funding/operations plan for this resource, are they going to mine it themselves?

[mattybuoy] 23/4/2024 10:17

Nice JORC.

This remains preposterously cheap.

[shortcpx] 23/4/2024 09:34

Don't worry about me. Bought the farm out RNS and sold today. Some of us dont baghold this from 5p down to 1p and sucker in other lemmings as well

[shortcpx] 23/4/2024 09:29

Chump change.

[papillon] 23/4/2024 09:00

🤣 You can buy a lot of fish & chips with £400. 🤣.
Fish & chips is better than sour grapes! 🤣

[shortcpx] 23/4/2024 08:54

Shame it was only fish and chip money

[papillon] 23/4/2024 08:32

Well I've doubled my money. In less than a month!

[the count of monte_cristo] 23/4/2024 08:27

Yeah, this update puts us in a very strong position for the negotiations....sale...jv...?!

[thelung] 23/4/2024 08:17

The gap hunters will be out in force soon though

[thelung] 23/4/2024 08:16

someuwin 23 Apr '24 - 08:10 - 1734 of 1735

Valued at 3% in the ground.... and then uplift from there given the rapid route to market and nearby infrastructure.

Tastey

[soulsauce] 23/4/2024 08:16

Bound to be some profit taking after such a big rise but I expect it will be short lived.

[the count of monte_cristo] 23/4/2024 08:11

Market has something tangible to value us on now, looking excellent value.

[someuwin] 23/4/2024 08:10

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.

[amelio] 23/4/2024 07:55

Outstanding result by Alex. Impressive.

[walter walcarpets] 23/4/2024 07:45

All the pieces in place for a low AISC open pit copper mine. Happy days!