Empire Metals Share Discussion Threads

[geko5trade] 18/3/2024 00:06

Many thanks for copying and to AGEOS again for extremely informative posts.

[vlad the impaler] 17/3/2024 23:20

Circa 30p seems fair target next, assuming 8.7s gets sorted of course

[master rsi] 17/3/2024 22:31

The chart is looking much better lately. The MACD has been fundamental in the rise and next.

[hubs] 17/3/2024 22:27

Thanks Vlad. At least yours isn't a purile , juvenile , nasty little comment that this thread has descended to recently. gla.

[vlad the impaler] 17/3/2024 18:50

Jees this one is around a few years

To save some time, what positive RNSs failed to rally since 2011 ?
And are any in the past 2.5 quarters different at all or finance /holding structure ?

8.76 seems very key

[vlad the impaler] 17/3/2024 18:20

Fair tip Cev. To be watched. Must go through the RNSs for it to see where revenues will come from for latest financing

[vlad the impaler] 17/3/2024 18:19

Guessing some of you got in through 3s which was nice. But the recent pullback is not an assured support yet until that price taken . Looks nice into next week though

[vlad the impaler] 17/3/2024 18:15

Need to take out 8.76 for a couple of closes before it's a buy

[highrisk1] 17/3/2024 18:12

That's why he is called smart and you are not.

[bspgamer] 17/3/2024 17:42

Good post Smart

[smart48] 17/3/2024 16:35

A rank amateur, having a wild stab at the potential value of Pitfield.

50 kg TI02 yield per tonne mined
Rutile quality c. $2500 a tonne = $125
Upgrading to pigment quality c. $5000 a tonne = $250

Costs of mining and initial processing = $65 a tonne ( maybe wildly optimistic).
Further onsite processing to upgrade to pigment quality = $ 75 a tonne

Margin per tonne mined $60 to $11O
Not allowing for development costs.

BHP and Rio Tinto prime iron ore assets in W.A currently yield c. $80 a tonne margin.

Titanium growing market and currently tightening supply.
Pitfield high grade areas currently being drilled 28 square kms, enough to supply the market for generations. Capturing only 10% of market = $5 billion revenue per annum. Enough in ground resource for much higher.

If the demonstration plant proves successful at anywhere near these margins, the majors will need to be involved.

Time frame, 6 months to prove small scale laboratory success, could trigger initial interest or 24 to 30 months if awaiting proof of concept from demonstration plant.

DYOR GLAH.

[jelignite] 17/3/2024 16:28

Big thanks to AGEOS

[jelignite] 17/3/2024 16:28

AGEOSPosts: 796Price: 8.75No OpinionRE: Pitfield Mineral ProvinceToday 11:52Continuation: In contrast, the maiden drill programme of early 2023 was targeting a prospective sediment-hosted strata-bound copper deposit [SSC] as strongly indicated by all the then available evidence. Significantly, although it was titanium enrichment which proved to be the predominant find, the prospect for SSC type mineralisation higher in the stratigraphic succession, ie east of the high-grade titanium targets, still remains, as does the prospect of associated silver or cobalt [the two do not occur together]. The extent of the regional copper mineralisation is indicated by the 21 hole maiden drill programme which confirmed an average of 131 ppm copper in 60% of the samples assayed. This equates to a 0.0131% content, which for 60% of the 320sq km minimum area of the Mt Scratch Siltstones east to the Darling Fault, approximates to 2.25M metric tonnes of copper for every 10m of depth. That is a lot of copper from which one or more SSC type deposits could have formed by aqueous leaching and redox-deposition within the 9000m thick Mt Scratch sequence. Although drill programmes for the immediate future will concentrate on proving up the TiO2 resource of the TOM and COS targets, they will include some further exploratory drilling, so there is the possibility of chance discovery of other potential deposits, most probably either of SSC type or of the more localised structural/metamorphic event type setting. AGEOS.

[jelignite] 17/3/2024 16:27

AGEOSPosts: 796Price: 8.75No OpinionPitfield Mineral ProvinceToday 11:50The report entitled 'Petrography and Mineralogy Results' which accompanied the March 5th RNS, contained information relating to the hydrothermal and subsequent events which it is thought have determined the mineralogical characteristics of the Yandanooka Basin. With the understandable focus of interest on the TiO2 component of that mineralisation many will be unaware of the wider context of the Yandanooka Basin being a potential 'mineral province' hosting other mineral deposits. The report confirms two hydrothermal events on a regional scale. The first introducing significant enrichment of the elements Ca [calcium], Ti [titanium], Mg [magnesium], Al [aluminium] and Fe [iron], and secondary 'elevated' amounts of Co [cobalt], Cr [chromium], Cu [copper], Ni [nickel] and Zn [zinc], to which I would add Ag [silver] from evidence of extensive Cu/Ag anomalies reported by CRA in 1993 from near Mt Scratch in the north and over a 7km N-S trend in the south.. Fe-enrichment is stated as the main input from the second hydrothermal event, resulting in conversion of magnetite to hematite and intergrowth with ilmenite to form the hemo-ilmenite end of the hemo-ilmenite/titano-ilmenite sequence. This was a basin-scale event during which hot oxidising fluids were likely to have leached the 'elevated' elements from the Yandanooka sediments and underlying Mullingarra gneiss [proven to be significantly depleted of Cu and other metals by BHP in 1984 from 4 deep diamond drill-cores] and deposited them within the higher sandstone/siltstone sequence upon contact with reductants such as graphite. What is of particular significance with respect to the elements with 'elevated' values is the recognition of a third and much later phase, not of hydrothermal nature, but designated as a structural-metamorphic event which included carbonate veining. This refers to a time when the rocks were subjected to considerable lateral compression, and probable heating due to friction and much deeper crustal burial, such that, as the geology maps indicate, large sections were displaced horizontally along thrust-faults. Under such conditions pore-fluids in rocks are mobilised, constituent minerals may be destabilised and elements taken into solution. If local conditions are favourable those elements may be redeposited and accumulate to form economic mineral deposits. Suitable local conditions include fault-zones, the axial-planes of folds, soluble rocks such as limestones, and any highly porous/permeable rock-type or sequence. Most if not all of the historical copper mining in the Yandanooka Basin [ie Baxter and Arrino Mines in the west and historical prospecting shafts near Mt Scratch] appear to have been located in such structural/lithological settings and to be the product of this third event. To be continued

[bspgamer] 17/3/2024 13:49

mpire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce that Shaun Bunn (Managing Director) and Neil O'Brien (Non-Executive Chairman) will provide a live presentation on the Company's Pitfield Titanium Project, via Investor Meet Company on Tuesday 19 March 2024 at 12.30 p.m. GMT.

[jenny tulwought] 17/3/2024 13:32

What time is the presentation UK time?

[smart48] 17/3/2024 09:14

Possibility of an RNS Monday/ Tuesday before investor presentation?

Reminder to get registered and submit your questions.

It will be good to see Dr N O’Brien, and his enthusiasm for the project. His reputation and list of contacts are impressive. Having him publicly endorse the scale, and economic potential of Pitfield would certainly bolster the profile of the company amongst the mining and investment communities.

[base7] 17/3/2024 08:49

If Sean can advise on Tuesday that EEE are expecting a substantial Govt Grant for our proposed demonstration plant our share price should respond positively as that would be vindication of the view that we would have a viable large scale production process to fully utilise our vast resources.

[master rsi] 17/3/2024 00:25

"bspamer and highrisk1" is the same person by now B@stard, just in case you did NOT know.
And I am the TOP charts here, joking apart, many thanks for your acknowledgment, ja, ja. and also I am not a boy... I got hairs there. Gotcha.

On a more serious matter now....
One said the GAP has been close, but it went down further, the other said is going to 6p but only reached 7.30p lasting 5 seconds.

I said the shares at 7.40p had a retrace of 61.8% being the king of the Fibonacci retracements and selected the stock as a new Cycle was on the way.

BDW, British Bulls is using also the cycles of the shares ( many do not understand the method they are using ), but I always beat them as they wait till the confirmation of the Candlestick, by then there is plenty of ground lost because the share price has risen from the cycle lows.

note: Cycles allow to identify buy, hold, and sell points in the evolution of a stock's price. ( share price moving higher, pause or moving lower on a short trend but not 1 to 3 days).

Do not forget nothing goes up in a strait line.

[saracen3] 16/3/2024 19:37

New highs coming by end of next week. Very little time to get in before the re_rate.

[bspgamer] 16/3/2024 19:10

Candle boy is nearly as much as a plonker as you are. You two should share a candle lit hotel room together and sort your difference's out.

[highrisk1] 16/3/2024 13:51

British bulls seem to be more accurate than candle boy.

[juju44] 16/3/2024 09:20

Its a nice bullish pattern but BB have not got a good track record . The Q&A has to be bullish on Tuesday otherwise they wouldnt do it . They want above 14p to cover the options within 6 months . Could be an exciting week