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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Empire Metals Limited | EEE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.15 | 2.11% | 7.25 | 09:00:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.10 | 7.10 | 7.25 | 7.25 | 7.10 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 25/7/2024 23:26 by geko5trade Like this new collection of videos on EEE website. Interesting connection with Gerry.Brought to attention on LSE I don’t think they were there earlier because I was looking for something on the EEE homepage. |
Posted at 03/7/2024 23:02 by geko5trade jelignite, MC of Sovereign about four times that of EEE depending exactly when you look. Look at the multiple of the resource EEE have and as you point out all the other factors. Not difficult to see why investors are increasingly tempted by Empire. |
Posted at 03/7/2024 22:02 by jelignite So looks like Archers minions have been on the case,My response has been, They only have 30p because of Rio What us if we get the Aussie Government. Mining Journal Rio Tinto ups stake in world's biggest rutile deposit Miner now holds 19.76% of Malawi-focused Sovereign Metals Err is Malawi as good as Australia? Mining Journal However, the upgraded Nakala road corridor will pass through Sovereign's mineral resource, although "we will need to construct a 6km rail spur in order to connect before it goes to Nakala port in Mozambique," Eagar said. For investors, Sovereign is clearly a long-term prospect. The DFS is probably not due until the end of 2025, construction of a 20-metre open pit mine is scheduled for 2026 and production is not until 2028-2029. Is it worth the wait? Sovereign It has a mineral resource estimate of 1.8 billion tonnes containing 18Mt rutile at 1.01% EEE exploration target. Highlights ? The total Exploration Target, covering the Thomas and Cosgrove mineral prospects, is estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2*. EEE 5th June 2024 Highlights · The discovery of naturally occurring rutile and anatase within the extensive weathering cap that covers the deeper bedrock titanium deposit, will have a material and immediate positive impact on the overall project economics. · Rutile and anatase are both highly valuable titanium dioxide minerals that contain >95% TiO2 and are both important feedstocks for the titanium pigment and titanium metal markets. Hmmm |
Posted at 17/6/2024 11:25 by gta5 Saracen3 16 Jun '24 - 11:42 - 971 of 985Am meeting the Management on Tuesday. I guess you have a long list of questions already, but in case you take requests ;) 2 questions for MGMT 1. Would it not be a great time NOW to merge EEE+Century into one? (Avoiding any future awkwardness or multi-tiered ownership/competitio 2. SB; please release detailed data/images on the weathered mineral composition to dispel FUD. (That would in turn allow for a significant re-rate and make any future raising of funds possible in the high 20's and not in single digit levels...) GL, GTA. 3. Bonus question; is EEE looking at expanding the license a few Km to the west? (It would seem the Ti extends beyond the current license area to the west. Is it possible?) |
Posted at 17/6/2024 08:19 by institutional investments Institutional Investments - 16 Jun 2024 - 17:18:54 - 4028 of 4044 Empire Metals "Be Careful Now" - EEEi dont know about that stuff, so back to EEE and Cev's meltdown Not looking good for about an hour after open lads |
Posted at 16/6/2024 16:26 by jelignite From aegos on the lse chat boardAlthough the two RNS updates of June 5th & 12th relating to the Cosgrove and Thomas TiO2 Exploration Targets have added significantly to the potential Resource Estimates at Pitfield, this should not have come as any great surprise to those who have understood the relevance of prior data regarding the geological structure, stratigraphy and mineralogy of the Yandanooka Basin rock sequence. The potential for targets measured in billions of tonnes of ore was outlined with supporting calculations as far back as 14.09.2023 [ref para 2-3]. More recently [19.05.2024] I estimated the minimum Exploration Target ore tonnage as 3.9 billion tonnes based on a 5.55% TiO2 cut-off, 130m depth and 12.9 sq km area. The Snowden Optera/EEE JORC Exploration Target of 26.4 to 32.2 billion tonnes is based on a 2.00% cut-off, 150m depth and 59 sq km area, far more generous criteria hence the much greater total.This JORC compliant Exploration Target tonnage equates to approximately 1.5 billion tonnes of TiO2, which based on the 2030 predicted global demand of 10M tonnes per annum is 150 yrs global supply. Clearly these metrics demand that EEE focus upon that portion of the potential resource which can be mined and processed to produce the most profitable feedstock, ie the rutile/anatase component of the enriched weathered near-surface zone, estimated at 4.00 to 4.9 billion tonnes of ore, which equates to approximately 200M to 245M tonnes of TiO2, or 20x the 2030 global demand. The assay results to date continue to indicate a Cosgrove opencast mine of c7.1sq km and/or a Thomas opencast mine of c5.8sq km as defined in my May 19th post, both limited to the c1km E-W western outcrop of the sandstone sequence. The hydrology of the region indicates that the Cosgrove target may include part of the catchment of the Arrowsmith river, a contributor to the Parmelia aquifer to the east, fed by a locally elevated water-table within the Cosgrove topography. However, this is unlikely to constrain the extent of opencast operations in that region.With the scale of the potential resource established and on track to a JORC Mineral Resource Estimate during H1 2025, market focus is understandably now concentrated on processing, which inevitably provides considerable scope for misinformation both inadvertent and intended. Whilst it is tempting to contribute to this 'discussion', I shall refrain from doing so as the complex geochemical knowledge required is at the limits of my expertise and probably beyond that of most, if not all, of those accessing this chat-board. The anticipated imminent updates on ore characterisation, mineral separation and TiO2 processing, will however, doubtless provide opportunities for further comment. In the meantime this recent CRUX interview highlights the enormous potential.AGEOS. |
Posted at 12/6/2024 11:27 by napoleon 14th ODR - KMR ME 2, Warrants play at 1 point. Value still there.________ Huge numbers at EEE. IMO SB is bound to get resource size high enough to trigger Oz state funding and sell pilot plant produce by Q225? Once the ball is rolling EEE can self-finance with oodles of potential. I like SB's vagueness about resource size/value - the mind boggles! I hope he's as talented at fund raising as Oliver Friesen, CEO of Golden Metal, where I have an average holding (5% of PF). My EEE = 15.7% of my PF, same as RBW. LTBH, GLA. |
Posted at 05/6/2024 08:20 by burtond1 New interview from #EEE The pathway to processing is on track for @Empiremetalsltd"...Ci |
Posted at 13/5/2024 22:37 by geko5trade Lee181067, Well maybe there is a degree of sensitivity from posters because over the last few months there has been a spectrum of attacks on EEE ranging from the outright unhinged to the more subtle approach of requesting information innocently and then revealing a campaign of half truths and corrupted logic to try and undermine the company.The question you ask is impossible to answer, it is just too broad, but on balance there are many investors here who believe EEE could multibag from this level. To get some handle on the potential I'd start by listening to the many presentations and read the RNS announcements since the Pitfield discovery. I would also read LSE and particularly posts by AGEOS who is clearly extremely capable and analytical. I'd say read all the threads as well but as stated before they have been significantly corrupted and some started either for the sake of being puerile, to obfuscate or be malicious. Unfortunately the intention behind that may well be to stop people like you from engaging and investing. But there is still very valuable information if you are prepared to sift. Not a very comprehensive answer and not intended as investment advice but I think some leg work would help you get a handle on EEE, the risks and, as I see it, the very considerable upside. |
Posted at 27/4/2024 00:57 by gta5 Cevodniya,This is the eternal problem where the BOD and the shareholders interests diverge; For the BOD and execs at EEE the natural interest is to build up a successful career and personal gains and grow over the years with the maturing company, to extract value from building it up through growing salaries, benefits, golden retirement plans, share options, bonuses.... etc....where for us, the shareholders, we might well prefer a straight and quick sale of the project to a larger company that can take over the proven asset at a premium price for the asset, with minimum overhead or delays. Now I do have faith in SB to look after both sides of this coin, and he does not strike me as someone that would ignore shareholders interests, but it is a discrepancy in interests that happens in the best of listed companies. Back to EEE, I think the issue here, as far as I can tell, is that Pitfield specifically is a really binary bet, where its only worth something -IF- the process -at scale- can be proven. I don't know of any player at this scale investment that will part with say £1BN(?) takeover on a "maybe viable Titanite project", before they have to drop another £1BN(?)to build the plant to actually produce it. Hence SB's need to have the drums to show.(as test tubes from a lab wont cut it) Having said that, I do think that there are happy compromises where we can get to demo-plant with modest dilution (especially with R&D grants and loans from Aus Gov) But once there, the bids should be coming in thick and fast from the majors to take over the show. (Alternatively a huge loan would do, but unless heavily subsidised by Govt. I can't see anyone handing over that kind of money to a tiny company, especially one that has to shoulder 100% of the cost until production, but only 70% ownership to negotiate with) I'd like to see a sale as soon as practical, but realistically; I'd hope for incremental good lab/permit/process news in waves until september, a recovering share price in the teens, a raise of £10-15M and a subsequent generous loan/grant from WA to get the R&D and demo-plant up and running in mid 2025. If we can get to that point in 2025, a major should be able to offer a significant premium once they see the drums of finished product of a working process. Normally a major would want full ownership, and the 70/30 isn't helping us, especially once the costs to get to full scale production become clear. My thoughts on takeover price are that they will be very close to the perceived comercial attractiveness of not the final product, but the processing cost to produce it. The more de-risked the better. If they have 5 gazillion tonnes of TiO2 at Pitfield, it doesn't help us if the cost to extract it isn't clearly attractive. So for me the question about actual scale is quite far down the list. At the top of it is the process cost closely followed by how shrewd and aligned Shaun (and the BOD) is with PI interests.... At the moment I hope for a Mcap of £500M-£1BN if this lives up to the hype and all the stars align in the next 12months. Say £1BN value, as a best case. Why? well, because it seems to match other stellar rises of explorers that have struck it lucky and proven up very large finds, just like GGP and similar? At that point maybe we got 1-1.5BN shares in issue by then(?) so, 70% of that gives £700M= 50-75P/Share or thereabouts? (A takeover offer could be at a premium of that share price .. say 75-120p?) -Of course, it's all pure speculation. Why not £2BN, or £5BN, £10BN value if the NPV really is there?.. well; it will all depend on how much of a slam dunk that processing cost really is, how much a demo-plant really will cost us (time/money/dilution I would assume a 50-50% JV with a major would be another jackpot outcome, where existing pitfield project (70-30) is shared 50-50 with a partner to take it to full scale production and operate it going forward, but it would (reasonably?) require dilution from both EEE and Century rather than just EEE...... Pure speculation on my side of course!, mixed a lot of my wishful thinking... but hey, Time will tell! GL, GTA. |
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