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EEE Empire Metals Limited

-0.95 (-8.84%)
05 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empire Metals Limited LSE:EEE London Ordinary Share VGG3036T1012 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.95 -8.84% 9.80 7,139,003 16:07:33
Bid Price Offer Price High Price Low Price Open Price
9.60 10.00 10.65 9.65 10.65
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores -1.16M -0.0024 -40.83 48.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:11 O 475,000 10.03 GBX

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Date Time Title Posts
21/7/202315:27SEE IT's A SPOOF1,026
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01/6/202309:00Emprie Metals the next chapter of GEO938

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2023-12-05 17:15:0010.03475,00047,642.50O
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Empire Metals (EEE) Top Chat Posts

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Posted at 05/12/2023 08:20 by Empire Metals Daily Update
Empire Metals Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker EEE. The last closing price for Empire Metals was 10.75p.
Empire Metals currently has 492,364,368 shares in issue. The market capitalisation of Empire Metals is £48,251,708.
Empire Metals has a price to earnings ratio (PE ratio) of -40.83.
This morning EEE shares opened at 10.65p
Posted at 03/12/2023 18:00 by jlondon
"Highest grade results reported to-date at Pitfield."- Empire Metals RNS, 29.11.23

Last para: "The objective of THIS DRILL programme is to f u r t h e r DEFINE the s c a l e of this, giant titanium enriched mineral system..."

Subject to the outcomes of the current RC drill programme, the co expects to carry out a further 6,000 RC drill programme in Q1, 2024, targeting NEAR SURFACE , HIGHER GRADE ZONES, and providing some in-fill drilling which represents the BEGINNING of a ==MINERAL RESOURCE DEVELOPMENT PHASE OF WORK."===

"The co is continuing its investigations into the PETROLOGY & mineralogy of the titanium mineralisation to better understand potential ORE PROCESSING o p t i o n s."

My Comment:
The petrology & mineralogy report was mentioned by share price Angel on Fri's broker report of 1.12.23 and AWAITED.

SP Angel did not mention about the NEXT phase of drilling, only Shard.

It would be interesting to see as the current drill of 40 holes ends NEXT WEEK @9 or 10 Dec 2023 per two posters. A/c to 29.11,23 EEE RNS, it is to "FURTHER D E F I N E the S C A L E of this giant titanium enriched mineral SYSTEM." [Context: this current 40 holes at Pitfield, W.Australia which ENDS NEXT WK.

My own personal view is that "mineral resource development" or as Shard describes it as "resource definition which includes some in-filling" ---is something a potential JV partner would usually undertake eg GGP [entry of JV partner Newcrest after some 9 holes were drilled in 2 phases at Havieron]. Solgold got the BHP investment [cornerstone] at Hole 13'ish and Newcrest, Guyana Gold & Sangar at much earlier holes. I wait to see. Others have their own view and it does not matter as Shaun Bunn, MD of EEE will elucidate I am sure.

EEE share price 10.64p, MKT CAP £60.35 MILLION on Fri, 1 Dec 2023l At say, for example a £100m mkt cap, EEE's share price is around 17.56p and so forth.

A Commodity Fund has just posted today, Sun, 3.12.23 that "..FUND is UP 10% since the intra-low Nov 14.

EEE per Google + 525.74% over the 1 year share price chart @1.53p on 7 Dec 2022 [or 1.7p on 5 Dec 2022] and on Fri, 1 Dec 2023 @10.64p [52 wk high 12.2p and low 1.44p].

Guess the said fund did not hear about EEE given it is a well known early discovery commodity fund?

On the other EEE forum, I guess folks DONT listen to interviews about sand and EEE's sedimentary rock [soft rock] etc. Mr Bunn also explained about hard rock ie grades, costs etc. Folks are still confused over at the other forum? Happy Investing everyone - it will be Christmas soon and best wishes to all.
J.London, Sun, 3 Dec 2023. That's all from me given everything has already been discussed.

EEE 25 Oct 2022 -share price around 1.24p.

GGP 2 Jan 2020 - 1.93p. On 24 Dec 2020 -37.35p.
Solgold 27 Nov 2015 1.58p.

Posted at 02/12/2023 21:19 by jlondon
I have been very busy. I looked up Linkedin for Shaun Bunn. Thankfully, he has an MBA from Deakin Uni. & for his Geo Degree, his subject was metallurgy. Before anyone can yell, it is important that a Geo has MBA skills. It is often said of Geo's they love to drill but that is their end game. However, if Shaun has an MBA, he will be cognisant of the difference between drilling and costs and money must come from somewhere. Crux Interview shows he is aware.

I looked up Andrew Faragher and quite stunned that he is from Southampton Uni [Brit] and next to it, he has a piece in Welsh. I dont speak or understand Welsh but I can recognise it. However, Mr Faragher is now an Australian and has been for some time I think. I was rather intrigued by the fact he WORKED FOR RIO and he was part of team tbat discovered Rio's 5bn iron ore. He left Rio and worked for a mining consultancy and he is now at EEE. A lot of people congratulated him on his appointment at EEE on LINKEDIN. To me, he brings CREDENTIALS from a major and not just the current team.

I listened to some 4 interviews of late again. In 1 interview, Shaun explained that at Pitfield it is HEMATITE. The magnetite has been destroyed. From external data, hematite has almost NO IMPURITIES so pls check again. Sarah Lowther interviewed Shaun for Total Market Solutions and Shaun talked of Mt Everest of Titanium. Sarah asked him who is he going to partner with and she suggested RIO and he said could do. Its the burning question that needs to be asked you see.

In the last interview which RESEARCH TREE PICKED UP, Shaun talked of CURRENT DRILLING TO START -ASSAYS NOT TOO LATE IN "NOV 2023." SO, PROMISE BY SHAUN KEPT TO SHAREHOLDERS- results have come out for Hole 2 & 3 @Pitfield.

Prior to drilling , EEE did the gravity etc. It showed a dense area and they think high grade. Proactive asked Shaun if Hole 1 turned out high grade, WHAT ABOUT HOLE 2 & 3?

Shaun also said "TURNROUND TIME AT LABS 2-3 WKS" so I will leave others to do the cals as I dont think to bother about rolling assays - it is a precise science.
But SORRY FOR MM'S as TWO POSTERS on this forum said 9TH OR 10TH DEC 2023, SO THAT IS NEXT SAT OR SUN.

What he told Proactive and Research Tree felt it is important to post it again under their own timeline MEANS, Shaun Bunn, MD of EEE will be TESTED ON HIS WORDS, THE TECHNICAL WORK AND HOW ACCURATE IT IS and if there is a variance of margin etc.

That was just days ago. It blew the market away with Shard Capital singing "magic no's" in their note. share price ANGEL 'S NOTE OF FRI, `1 DEC 2023 FINISHED OFF THE MM'S.
Shortly after, the PRICE CLIMBED and sorry for chartists who was sure it was going their way. One poster on the other EEE forum said "THE MARKET TOOK IN share price ANGEL'S NOTE" on the lines that they have NOT SEEN SCALE of this type re: EEE's Pitfield Hole 2 & 3 assay results.

As I said, EFFICIENT MKT THEORY states the market takes in the data and accordingly prices it in one way or the other. Well, it was positive given share price Angel has won prizes and is ranked for metals such as gold, copper etc.

I tend not to sit around but go thru like a fine tooth comb what was said and TEST it AGAINST the RNS assay results. SO, I CANNOT SAY WHETHER THE GRAVITY ETC WILL ALSO BE TRUE OF ALL THE REST OF THE HOLES but lets see if science turns out for the rest of the holes. One to watch and each to think, listen and have their own view as its their money and decision lies with each one. Sat, 2.12.23.

I dont want to clog this forum so I will have a nice sarnie and tea.
Posted at 02/12/2023 13:31 by jlondon
Full & Final Summation , Sat, 2 Dec 2023 on EEE based on Crux Investor Interview with Shaun Bunn, MD of EEE, 2 Shard notes & 2 share price Angel notes.

[1] Crux Investor Interview: It starts off from Crux to Bunn: You have a TIER 1 DISCOVERY, you cant DRILL & DRILL - The Chinese will take it off you.

Bunn: All the replies of the interview answers the above which is a COMMERICAL question. Bunn is well prepared with the answer & he starts by talking of looking at the chemical composition of the titanium as he does not want to JUST sell the stuff but ALSO seeks the higher PRICED type in addition? Then, Bunn goes on to the main players [code name for majors etc]. He said that if they dont realise the SCALE, then they might be "upset" [my para phrase] if IT GETS AWAY.

Under Bunn's BREATH, he puts his head lower and said something like he is mindful of the DILUTION [dilution is my para phrase]. He is answering the Crux opener gambit of you cant drill and drill.

[2] CRUX INVESTOR write up on Solgold.
Punch line - MAJORS CAN WAIT IT OUT, you, the junior cant. Events have proven Crux correct. Solgold is waiting it out and has had to keep Solgold on smarties, not the best chocolate from Harrods as in the past where drilling, drilling was well funded. Alpala has now had 3 MRE and the MONEY SUITS are no longer going to fund endless drilling any more and hence, there are NO tons of drilling out other prospects at Cascabel. Mather wanted to GO IT ALONE - well now that is on his plate and history awaits whether he can or cannot do it. Newcrest waiting to buy RED CHRIS from off the liquidator. Hence, why Crux asked BUNN the OPENING QUESTION as they are not interviewing for a past time but ASKING THE HARD COMMERCIAL QUESTION.

[3] share price Angel talks of waiting for the PETROLOGY & MINERALOGY Report from EEE. This is in relation to what Bunn said about finding out the composition of the titanium. So, THIS IS NOW AWAITED.

[4] Mining Journal interviewed Mather of Solgold. They said : Are you going to sell to the Chinese like Friedland for Kamoa -Kakula. Mather: NO, PERIOD. Proven correct. Friedland sold 1/2 to the Chinese @Kamoa -Kakula, having the experience of Rio legal battle over his other last project in Mongolia. So, happy ending as Kamoa -Kakula got the FINANCING to mine.

[5] Drilling of the 40 HOLES @Pitfield ENDS NEXT SAT, 9 Dec 2023. Two posters here have done the cals and one said 9 and the other 10th Dec 2023. MM's HAVE 5 DAYS NEXT WEEK and do they know the cals?

[6] The MARKET IS FORWARD. Warren Buffet once said, YOU PAY FOR COMFORT. He meant that if you want to see more and more results, you have to PAY THE PRICE in terms of share price and mkt cap that follows price. The experts ie Swiss, Aussie, Oberon with Hambro and Hanson took an earlier position than the p'i's here ie the newer ones that arrived.

[7] On other other EEE forum, someone asked if Gervaise Heddle is still a holder of EEE. He said he asked HYDRO. So, I went looking for HYDRO as I know he does not post a lot now on the other GGP forum. I went to the GGP forum and they were talking about EEE!! One said, IS THAT WHY THEY ARE LEAVING FOR EEE BECAUSE EEE IS NOT DOING PLACINGS? Ah, GGP has got a £500m mkt cap so the head is desperate to look for ANOTHER TIER 1 but the statistics does not prove that way ie they are no longer plentiful. So, drilling here @Scally nearby, then over the other side with Rio all COST MONEY and where do you think it is coming FROM? ANSWER: P'I's -so be careful WHAT ONE WISHES FOR - BUNN WILL RESIST AND HE IS NOT READY.

[8] In true GGP style, EEE has issued OPTIONS for directors etc. THAT IS A GOOD SIGN - they are aligned with pi's to an extent. So, it doesnt pay to dilute and that is why, Bunn put his head lower at Crux Investor interview - HE IS COGNISANT of this and Solgold & GGP are examples of Tier 1's. EEE will never be in Solgold's position as Bunn does not own EEE like Mather does as founder etc.

[9] I mentioned that we heard that Rio was interested in GGP. Later it turned out it was confirmed in an article. Why did GGP accept Newcrest's JV and NOT Rio. Newcrest OFFERED 30% and it was a COMMEMRCIAL DECISION. Norm is around 25% max if not 20%.

[10] Sweet spot mentioned. That is SHARD'S VIEW BUT NOT share price ANGEL. Shard likes more shallow parts and higher grade if found [samples showed 20% Ti20]. Shard said make development "MORE COMPELLING." So, it does sound like OPEN PIT.

But share price Angel did not REPEAT Shard's view. share price Angel is interested in the VALUE of Pitfield ie totality? Majors tend to be interested in the whole DEPOSIT, not only tghe shallow part as they want LONG LIFE OF MINE [LOM].

[11] share price ANGEL'S NOTE - it was so liked by Proactive that they did a special article on BROKER REPORT and share price Angel's on EEE was cited.

[12] share price Angel has well heeled institutional clients and they have the FULL NOTE, not only the one given to PROACTIVE INVESTORS on Fri, 1.12.23. That is my take anyway seeing it was NOT in normal broker note format so it appears to be an extract only. So, more HNW and tutes now know with a title like: "A SCALE NOT SEEN BEFORE."? [kindly check as I dont have it in front of me.

[13] THE MARKET [those more nuanced in mining] ARE AHEAD - they have a view on the rest of the 40 holes [3 assays released from 3 holes already @Pitfield.]
MARKET MAKERS, TRADERS ----as one poster said, the results will be rolling in so it will not be a LACK OF NEWS.


[14] The real game is the COMMERCIAL REALITY, not the reams of pi's wants.


[15] How do the experts know , as in have a view? Well, that is for another time.

DYOR. Lunch beckons and tea. J.London, Sat, 2 Dec 2023. My take based on empirical but EVERYONE must take their own view ie its your money and your decision so your view matters to you.
Posted at 02/12/2023 01:43 by jlondon
base7 -Thank you. All heads on DECK helps a lot.
So, DO MM'S KNOW THAT BY NEXT SAT OR SUN [9 or 10 Dec 2023] ,ALL 40 holes are FINIS?]. 18 days info is from the very recent Crux Investors via Mr Shaun Bunn, MD of EEE from recall.

sipptrader88 -Thank you. Pleased you followed the RESOURCE definition drilling of two other AIM co's . There is a strict rule in Canada that at least 3 holes must be drilled. The Hall of Fame Geologist who found BHP's legendary Escondida said he only needs to see 1 HOLE 's result. Name is Lovell.

Since Crux put it to Mr Bunn, the CHINESE WILL TAKE IT OFF YOU , I am looking at the Chinese already in. They are in HK but they might be telling everyone in the business at their parties?

Saracen3 mentioned that at one party, they did the re=rate of EEE. See his post relating to the Aussies.

I already posted that Mr Meyer, Partner of share price Angel found out that the AUSSIES ARE BUYING AND CONSISTENTLY. How did this come up. Vox went ooooh 65% + for EEE [ a 1 day rise of 65% that is].
So, Mr Meyer may have looked at the trades and I dont know if the BROKER's NO TAG is given, otherwise how would Mr Meyer find out that it is DUE TO THE AUSSIES.

However, WHERE ARE THE AUSSIES's shares located in the shareholder register of EEE?

As above. Address is GENEVA 1.

They are also large holders but for who?

Robert Friedland sold out almost 1/2 of Kamoa Kakula to the Chinese.
Solgold now has Chinese interest as big shareholders @Jiangxi.

Waiting for "petrology and mineralogy" report. Once out, easier to define.

According to the latest Crux Investor interview with Mr Bunn, MD of EEE he said that the players [sounds like the major players in industry[ may not yet realise the scale and will not be happy IT GOT AWAY.

So, have a listen and come back if I got it right as my take is that why did Mr Bunn say that IF there is no one else? Majors tend to be rather laid back but I am quite sure they are aware - hard to understand AFTER today's share price ANGEL's note that no one understands. share price Angel said something like "SCALE not seen before" and in the note they elucidated 30KM X 5KM [please check again] and stated " D I S T R I C T".
District is not for smaller majors either. BHP for example only wants DISTRICT scale and NOT just Tier 1 will do. Just sayin. The best deal wins - sounds like it to me at least from Mr Bunn @Crux Investor interview?

DYOR. Just for discussion. FOLKS GOT A SHOCK 1 MORNING @GGP when Newcrest JV'ed early after 8 holes. Solgold- Newcrest & the investment banker etc took a stake at a big premium and it shocked folks & also only AFTER a few holes. BHP waited till Hole 13 but were already interested from what Solgold said. Industry can read results if they want to? Mr Bunn is cognisant of the ways of majors ie they tend to do the waiting game and lie in the grass. Mr Bunn is saying if you wait like norm, dont get upset if it gets away. Nice that Mr Bunn is exonerating himself IF they are waiting ie dont blame him.? Have a listen and check @Crux Investor interview of recent days with Mr Bunn.

Posted at 01/12/2023 18:38 by jlondon
Ruth of Proactive Investors tweeted today at3:02pm ,1.12.23 [post their share price Angel note: "Empire Metal's Pitfield Project in WA has all the HALL MARKS of a "giant" copper titanium mineral system." or go to "#eee" on Twitter and it is on the top of the thread.

SP ANGEL MORNING VIEW, 29.11.23 - why do they wait to see the "PETROLOGY & MINERALOGY" of Pitfield?

If one listens to the Shaun Bunn interview with Crux Investors of recent days, Crux said, TIER 1 discovery and the "Chinese would take it off you". I am not sure if it is off-takers or M & A ie context. Mr Bunn explained that he wants to get a HIGHER price for the titanium & I am not sure if he said $2,000 a tonne [or $3k] and for this they need to know the composition of the titanium. Mr Bunn does not want to just sell titanium as norm but wants also the high priced type.

Mr Bunn also said he needs to go to North America, Europe and London to speak to CORNERSTONE investors ["at a PREMIUM"] but he is the type to be at the drilling site as that is his work.

Mr Bunn also said that the players do not realise the scale of Pitfield and that if it got away from them [listen to his exact words]. Mr Bunn sort of says the players wont be happy if it got away from them. HOW DOES HE KNOW ? I leave that to the listeners to figure it out.

So, I take it that the titanium players know?

Shard Capital wants to see the NEXT DRILLING wherein it is MORE SHALLOW and potentially may be HIGHER GRADE titanium and this makes the project "compelling". Shard also said that there is some in-filling in the next drilling.

SP Angel said in their Morning View as above that the next drilling will target an area
that has samples of some 20% Ti20.

Shard Capital has turned EEE from an EXPLORATION CO TO A DEVELOPMENT CO and that the next drilling will be DEFINITION RESOURCE drilling .Shard did not elaborate what happens after that.

However, in the Solgold case, Dr Rohlach said 23 holes at Cascabel's Alpala will be sufficient to do a MRE. Any wonder why BHP invested at around Hole 13? Newcrest and a Canadian investment banker entered at a big premium BEFORE BHP after only a few initial holes. GGP drilled only 5 holes and was congratulated by Oz majors and after the next 4 holes, shortly after Newcrest JV'ed in. Posters were SHOCKED one morning as they were not cognisant of what the holes were telling after the 1st 5 holes.

Both Solgold & GGP never needed to do RESOURCE definition drilling before majors JV'ed in or took a substantial stake.

So, by mid Dec 2023, a/c to a poster on this forum earlier, he said the 40 HOLES WOULD BE COMPLETED BY THEN AND PERHAPS ASSAYS. I am not too good at keeping track but others are keeping a close eye on this. Next drill is also potentially another 40 holes.

Any LEFT FIELD news or press exposure like today and the MM's are caught - one poster on the other EEE forum said the MARKET TOOK IN THE share price ANGEL NOTE released today, 1.12.23.

On the other forum @EEE, two posters did the valuation modelling done in the same style as analysts, one used specific gravity style and came up with some numbers.
For exploration, they take a % of NPV.

To me, the pattern of the share price movement mimics Solgold's in the early stages. That is the closest I can find that I have seen.

DYOR. 1,12,23
Posted at 28/11/2023 18:52 by jlondon
EEE by "SMALL CAP IDEA"-18 Sep 2023 by Alistair Ford.

"Mining exploration is in recession at the moment. And yet, there are exceptions.
And, a MAJOR DISCOVERY is why, against the trend of the sector, shares in EEE have risen in value by MORE THAN 4X over the past 12 months. The real uplift came in July when the co announced that its Pitfield titanium discovery was like mineralised to a high grade across the ENTIRE 40KM extent.

That's a BIG DISCOVERY in anyone's books, but tho the gains look impressive, there could be MORE PLENTY TO COME. And altho the July 2023 ann gave SOME CLUE as to the DIRECTION of travel, a lot of UNREALISED potential remains. Share price gains, that Empire has now booked, the mkt cap REMAINS a relatively modest £23 MILLION [4.8p].

===For a co with a high grade titanium deposits THAT STRETCHES for 40KM in length and laterally 8KM and which is located in 1 of the world's safest and most easily worked jurisdictions, the VALUATION looks as tho it still offers CONSIDERABLE UPSIDE.

Most of the information has been GLEANED by combining new drill data WITH historic data. That historic data is likely to be ACCURATE , but will need CONFIRMATION in due course.

More drilling planned , diamond drill bit --will provide MORE DETAILED info. £1.8m on the balance sheet .....

We are NO LONGER WILDCATTING here...critical minerals. In the more immediate term, watch for news on imminent drilling and for positive momentum if the co's EARLY CONCLUSIONS start to be CONFIRMED by a NEWER FLOW OF HARD DATA."

Ref|: "Small Cap Idea: Empire Metals is the exception to mining exploration."--18 Sep 2023 by Alistair Ford [Alistair is a mining analyst.]

My comment: It is good to see if Alistair's analysis turned out to be accurate and it is. TODAY, TUES, EEE'S SHARE PRICE WENT TO 8.6P+ TO SELL [the last live price secs before mkt closed] . So, in retrospect, NO BRAINER at even 4.8p but when the results came out [first], it was even cheaper to buy than 4.8p.

Always good to get another perspective for checks and balances from an external mining analyst. Alistair used to be interviewed on Proactive Investors UK but since stocks are not red hot, less so in Sep 2023 as he said it was a mining recession then.
Posted at 28/11/2023 11:13 by jlondon
John Meyer's last Vox Mkt Podcast on EEE in Sep 2022:

[1] It is now clear that Meyer said the "Aussies" were buying and it was "consistent."
He also said, they must know something they dont ie they as in their mining house.
He added, they know MORE about titanium than I do.

Comment: share price Angel won prizes for copper and so forth with ranking. However, titanium is not among one of them. So, a very upfront comment from Mr Meyer.
So, in FACT, the Aussies READ the initial results ahead of the crowd. At the time, pi's moaned that it was not copper found but titanium. On the other forum, grades were also not well understood etc. Hence, why Saracen3 also said he or they have EEE shares bought at 1p+. Golden opportunity meets with all the moaning and not unlike GGP as pi's did not understand that out of 5 holes [initial[, NOT all will be the same grade. INDUSTRY congratulated Gervaise Heddle and the rest is history. I recall even The Australian, Australia's premier newspaper wrote about the Havieron discovery.

[2] So, it would appear the rise in the share price of EEE as discussed by Vox & Mr Meyer in the podcast was DRIVEN by Aussies. SO, THEY READ THE RESULTS ACCURATELY. Houses like Sprott and Eric Sprott, the latter sits on his rocking chair and reads results from junior miners all day. Then, they buy in. This is the Canadian side.

[3] It is not easy for Australians to BUY into the London stocks. Yes, maybe the large FT big stocks or FT250 etc BUT harder to BUY AIM. To me, AIM is like the American OTC. Even on HL here, one cant buy many US stocks [Nasdaq]. To buy OTC stocks, one has to go to INTERACTIVE who are international brokers and one has to put up a US$15,000 opening deposit.

I have heard comments from Australians that they cant even buy into Solgold, even with such a large mkt cap.

So, from this, I know that share price Angel can see overseas buying by the NOTATION of the number of the international broker in Australia etc. I believe there are not many as it is here.

[4] One very well known chartist who made it big into the millions attends DINNER PARTIES almost every day in the USA. So, that is their style of meet and greet. Over here, it seems the professional community meet at certain London watering holes but certainly it wont be ordinary pi's they would be talking to.
Professionals talking to other professionals gives more clarity to the specialisms.
Certainly, not sure London has titanium specialists analysts.

[5] The market is FORWARD LOOKING - at this stage, some of the pi's have sold up.
I saw the names elsewhere as I wanted to see if the birds listening to the weekend chatter. Some say never again, but it does not look that way after seeing Solgold & GGP.

[6] So, before the NEXT round of drilling, the Aussies may already have formed a hypothesis. Pi's I dont know on this side.
I have taken a view.

[7] How far it will reach or not reach, ah, that is the skill of the stock market
game and that will largely do with VALUATION models - Tier 1 is one level and in this case, will history say, it was more than Tier 1? Over at GGP, pi's talked about needing scoping study, PFS, DFS etc but in fact valuation is at different stages. Hence, why one morning, Newcrest bought in and JV'e and the rest is history.

[8] Not difficult to learn as its all free. Even if one did not have $1, one can still follow 1 particular mineral and learn for free.

So, history awaits EEE. J.London, 28 Nov 2023 [Tues].
Posted at 27/11/2023 21:52 by jlondon
By the way, EEE has got in "EX RIO TINTO GEOLOGIST JOINS EMPIRE METALS."-1 Mar 2023, Mining Weekly. Faragher has 25 years of experience ie new Geo at EEE.

LoL -Gervaise Heddle got in EX- Rio Head of Copper.
Oh, Rio did a JV with GGP as well and it was also said that Rio was in the running for the JV for Havieron but perhaps Newcrest sweetened the deal with giving GGP 30% vs Rio gives a bit less from historical data from recall.

Majors trust their own? Trust as in they want geo's from Tier 1 majors for obvious reasons. Or rather, they want one of their own Tier 1 Geo's inside to oversee etc.
[1] I didnt tell folks at the time, that Gervaise Heddle went to SYDNEY to meet investment funds. The room was so tight that only a big long table could get in. So, same with EEE - the Sydney type folks wanted to hear or rather they already HEARD of EEE's titanium.

[2] Shaun Bunn, MD of EEE, in a previous interview to Crux Investor said that the DRILL RESULTS ie "NO SURPRISE" then. Now that results of Hole 1 drill has come out, indeed TRUE.

[3] If Shard talked of NEXT round of drilling, then it may have to be DRILLING a few holes DEEPER than the 400+m to test DEPTH. A/c to EEE, depth goes to 5KM. Why, that would be like Rio/BHP's Resolution in Arizona. No, EEE will not mine to such depths but the JV interest perhaps may want to see if
the mags etc are accurate, Positive is Hole 1 results at Pitfield, W.Australia ENDS in mineralisation @400m ie end of hole results. Shows more to come possibly from this.

That will be up to the JV partner/s come the time , the surface deposit potentially is mined out and then the U/G or blockcave.

[4] Shaun Bunn, MD of EEE talked of JV out the other projects. Today, the FT ran the story of how billionaires in Oz are fighting for the LITHIUM CORRIDOR - Walton is nearer to this corridor. So, may be some small co that will take it on so that there is a FARM out.

[5] I will continue to think of anything else of industry behaviour and Pitfield that I can recall.

]6] Tier 1 is one thing but DISTRICT is fab - that may be why the NEXT ROUND of drilling is what Shard is also looking for. In the new article I mentioned that was posted on the other forum, they talked of "BEDS" and how far the depth of the titanium is.

DYOR. All for discussion only.
Posted at 27/11/2023 13:00 by jlondon
EEE share price action @12:56, Mon, 27 Nov 2023

Flip flop traders left and share price action resumes. Stock got bought.

Spread is wide. 8p to sell and 8.3p to buy +17.5%.
Live: 8.278p to BUY & 8.051p to SELL. @1:05, Mon, 27 Nov 2023.
Posted at 27/11/2023 10:44 by jlondon
"Title: EEE Titanium Discovery Could Return 10x Returns."

EEE Market Cap: £39m+ at time of interview.
So, 10x could be £390m.
Share price was around 6.9p @£39m mkt cap, Fri, 24 Nov 2023.

It is well known that for a Tier 1 Discovery, the potential re-rate is to $1 Billion [not in £ usually].

Nicholas Mather showed 3 share charts of other ASX co's achieving this and said Solgold could potentially be also $1b [not sure if he meant A$ or US$].

Yes, Solgold did re-rate to $1bn cap.
So, did Greatland Gold but they shot over the $1bn mark.

DYOR. Mon 27 Nov 2023.
CAVEAT: So, let's see what history will say of EEE.
Empire Metals share price data is direct from the London Stock Exchange

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