East Star Resources Share Discussion Threads

[scrwal] 11/1/2024 13:10

Hopefully we get the Verkhuba gold assays soon which could be a nice bit of icing on the cake.

[scrwal] 21/12/2023 13:19

Topped up this am - makes the metrics on the holding look better.
The open pit makes things much more viable even if a placing is required to fund the set up etc.

[shortcpx] 21/12/2023 08:13

Euphoric at resistance again lol. Just a traders plaything now. See y'all at 1.1p in the new year.

[solstace] 19/12/2023 11:37

Just a little more volume and 2p will be looming

[the count of monte_cristo] 19/12/2023 09:52

Consistent buying.

[the count of monte_cristo] 18/12/2023 11:23

.........just over a 3m market cap

[walter walcarpets] 18/12/2023 10:52

.....continues

[the count of monte_cristo] 15/12/2023 09:48

Yes, much better.

[solstace] 15/12/2023 09:45

Looks like a very promising play and 2024 could well be a very transformational year!!!

[walter walcarpets] 15/12/2023 09:04

A few buys incoming....people starting to understand they've possibly found a very low cost open pit copper mine with precious metal credits with a very supportive government.

[the count of monte_cristo] 15/12/2023 01:52

If anyone has any additional questions, direct message me with your questions, I'll then put them together and email Alex with the questions. I'll also ask him if it is acceptable to share them on here to get that signed off.
Cheers, TC.

[the count of monte_cristo] 15/12/2023 00:17

Thanks scrawl, unfortunately I was busy last night (I live in China) and couldn't attend to listen and ask questions. Looking forward to going through it this morning.

EAST STAR RESOURCES PLC - Shareholder Update

[scrwal] 14/12/2023 21:18

registration is free

Very very interesting talk by Alex especially at the end when answering the questions - the written summary is not yet ready.
Questions start at 22.48 - at 31.36 question about assay quality and retesting followed at 35.04 about share price with Alex talking about improving messaging and communication.

[the count of monte_cristo] 14/12/2023 09:55

Copper up 2.5%

[thelung] 13/12/2023 13:56

5,000,000 tonnes
1.5% copper
75,000 copper tonnes
£6,400 copper $8000 per tonne
£480,000,000 copper value
3.0% value in ground now
£14,400,000 copper value
218,650,164 shares in issue
£0.0659

Should there be a 2.7 to 3.0 multiple in there for rock density or something like that? :-)

Anyone have the fully diluted share figure?

[scrwal] 13/12/2023 12:57

vesper
I think it's $600M in the ground
5,000,000 * 0.015 * 8,000 = 600,000,000

[the count of monte_cristo] 13/12/2023 07:13

vesper - good to have you posting on here, welcome.

[vesperdene] 13/12/2023 07:05

smewhat agree with you, scrwal. I'll be speaking with Alex in the coming week (I'm a large holder in another Kazakhstan-focused exploration play).

Still, if you consider the uniqueness of their location/situation (e.g. near processing infrastructure), even these early numbers are increadibly encouraging.

If they model this at 5Mt (lower end from the resource model), at say 1.5% copper, it's $6bn of copper in the ground at $8k copper. This excludes any credits for zinc, gold etc (although I don't know about the processing capacity of these). Still, if there's meaningful secondary commodities, it also opens up a potential non/limited-dilutive scenario of royalty/stream funding in the future.

I don't know much more about East Star, but I'll start researching it more extensively now im building up a position bigger than just taking a punt.

[scrwal] 12/12/2023 16:43

I think the problem is how things are being presented namely Alex talks about the 0.38% cut off which he says is conservative and mentions a 1% level could be likely but there isn't any data supplied to really support this.
I think that there should be much more disclosed showing gross % yield and then showing the discounted % yield by commodity together with say the tonnage gross and net and some sort of sensitivity analysis because he mentions a lot of figures being on the prudent side.
Maybe a big presentation is done that shows various scenarios from low to optimistic obviously highlighting the most realistic outcome/range.

The market is confused by a lot of info being presented as being on the conservative side , which is ok with mining, but to then in the same breath mention a higher figure just causes uncertainty over how big is this event. It is being downplayed but investors and the market can't really get a proper handle on the full upside at the moment.

Alex talks to Zak Mir about things

[the count of monte_cristo] 12/12/2023 15:43

Interview just out. Looks like the market might not quite understand todays rns, as you say Walter, open-pittable.

[walter walcarpets] 12/12/2023 15:15

Looks open-pittable to me. Got a few more.

[the count of monte_cristo] 12/12/2023 14:25

Thanks for sharing, I have emailed Alex.