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Https://www.sharesmagazine.co.uk/video/empire-metals-eee-shaun-bunn-managing-director-
Thought this was a good investment,earlier today @ 08.15 ish i posted we had a high grade product,and we have 1.5 billion tons of ti and we are going for the $2000/ton market, and the titanite is on the back burner for 20 yrs($65/ton and upto a trillion tons...) after 14 mins of the video posted below by OD3OD, shaun confirmed they are going for the titanium metal market 99.2% ti as this is even better,, $8000 to $10,000 per ton,sorry if i mislead anyone this morning,, cricky poms we are bonza on this one my beauty,s. OMG....
Reflecting on the last 3 interviews and these conferences it's clear Shaun is an ambitious man, has something unique on his hands that could well become a global player. Something I doubt he considered when first venturing in The pitfeild project. The mission was copper.
Now I can see his goal, to be become the worlds largest supplier to the global market, now that's some undertaking.
I have to applaud his efforts towards shareholders and transparency these last 12 months, and admire his goal to get this up and running without assistance and potential fundraisers.
But.....
There is tough times ahead!! And it may require some decisions we may not like, as nothing us guaranteed in this game.
Things like facilities, staff, production lines and storage facilities take funding. Setting up supply lines, to become bigger than the competition.
Government grants are uncertain but will certainly be investigated and perhaps attainable which as a previous poster showed, is something the Australian government seem keen to do.
We may end up with largev investor's, who perhaps don't want market price and have a placed one to reflect there requests.
These are things Shaun may have to accept one day, however admirable his intentions have been so far.
So we need to ask ourselves, are we OK with a little pain, some decisions not beneficial but necessary to the end game requirements?
I won't hold it against him, decisions will need to be made I'm terms of the bigger project.
But if all said and done we accept it all, then I'll go for scarlets £3 Xmas, 2026! And that's just a minimum
These are my only concerns regarding EEE, the grades, the extraction, the mining is all manageable to Shaun and his team.
The path to global supply leader, is a big one. And the journey there, full of big decisions.
The transparency needs to continue, to have the shareholders upmost confidence, that what ever decisions taken going forward, we're taking with it every step of the way.
wow!
back of *** packet calcs using lower estimate metal product:
1.5 billion x 8000 = $12 trillion
divided by shares in issue = over $20,000 per share (pre production costs/start up etc)
doesn't sound too bad :)
Now imagine I said that 🤔💥
We own 70% of the find,,then the costs of mining,, and divide by 150yrs mine life,i would of thought the ti uses would go up with a steady supply of the stuff and prices might come down a bit,alot higher than the original $2000 high end,and a bit better than $65 for titanits,im not a mine expert so there could also be a tonnage factor of how many tons of ore are needed to get 1 ton of 99.2% for pure ti metal market we know the titanite is 5% so up to 20tons of ore to be sorted in the future,and copper is there also,but the new weathered find has relegated both to someday.... the new prize is up to 40mtr deep and over 40 by 8km so maybe not even in my lifetime will they bother with the titanite or copper unless its very high % and the world price has risen dramatically its £5600 for clean copper in england,the cu ore would need expensive processing so one day rodders,one day. now we know why sb is always so happy in interviews.
Sorry the new weathered find is 4 by 7/8km and best 10mtr at surface and good for 40mtr deep,so 150 billion tons,then what ever the deeper ore is valued at,remember 1 km deep has already happened at other mines.
Sean has recently reiterated that our titanium could extend down to 5km but our resource calculations are based on only 15 metres-which could provide sufficient product for 150 years at current annual consumption of 10 mill tonnes-so our discovery, covering around 18% of Pitfield could contain 35 more titanium than currently detailed-but we have more than enough to be going on with & the next stage is to prove up the science for separating the titanium in a low cost & carbon friendly way,which Sean id very confident will happen over the next 6 months -by which time we will have a value to put to this immense resource.
Sean talks about taking our market disruptive resource to market , but if te perception in the industry is tat we may well have a truly disruptive potential , in a $22bill pa market, why would one , or more , of the majors, especially in Aus, not be tempted to acquire us, obviously at a substantial premium to our current SP?
You raise a very good point Mr BB. From the Tuesday evening presentation it appears there has already been JV approaches which SB has batted away. I’ve been saying for sometime now the share price will eventually re-rate against the news that’s ALREADY out there, it’s just taking some time for the market to digest it which is partly down to the state of the current AIM market but also down to the sheer scale of the discovery. The market will be very interested to see the Empire forward strategy which to date seems to be playing out very nicely, and indeed at pace. We might have to wait up to six months for the separation steps to be fully defined but there has to be a very high chance of takeover approaches which of course would certainly be at a significant premium to the current share price
How funny in the presentation which is very good, 23 minutes in an English posh speaking gentleman asked a question and 4 woman turned around to face him , the guys looked straight ahead but the woman on the left gave him a dirty look.
Now my question is does any one here know a way they might be able to process the minerals that could be used to separate the titanium because i am thinking of selling up some other shares to invest in this one and i already own quite a few in this already..
Articdriver. I would have thought nobody can answer that question directly. Due to the complexity and unique mineral system that EEE are dealing with.
Though by sounds of it, SB is highly confident it can be done and that scientists are already working on this matter.
One of the problems is that people are often confused about what would be required when separating and refining a non-refractory ore. The key word here is "non-refractory" meaning it is not resistant to being altered, and as SB has said, it is basically soil and therefore much easier to separate than hard rock or mineral sands. Separation of titanium minerals from gang materials is not the difficult part. If you think about the typical sedimentary copper deposit, then you will get some idea. So, it will likely be some form of wet gravity separation followed by acid leaching steps. We also have the benefit of being able to skip the crushing step that many ores need to go through first. The more complicated part might be the final refinement to high value and high purity products, and I only say might. Don't get unique mineral combination or assemblage confused with a requirement for a unique processing. Almost all mineral extraction of this type around the world requires testing and optimisation of gravity separation and acid leaching to optimise recovery from the ore.
Maybeoneday i like to go in depth to educate my self on my shares i get involved with, ie google everything that points in the right direction and to make claims more positive and at the moment i feel we need ideas of possible ways to extract titanium.
Prospector,
None of it is really a concern for me, I think it will get done. I think you assume as much.
It's growing the company once all established that is like all investments, the journey.
I'd say 70 to 80% here probably find it confusing but so our best, I'll leave it to brighter minds to debate its processes as I'd be taking stabs in the dark, and myself and a large percent will prob be miles off in the end.
But that doesn't mean we can invest, we don't need to all be a scientist in these fields. But at least have a good idea the difficulties.
I'm sure things will be achieved one way or another, I think Shauns main stumbling blocks are going to growing empire from the ground up to become a global player.
But I'll happily take what's coming regardless to be there at the end 👍
Dusty i didn't mean to wake you up but you're here anyway lol ,what i am thinking is that to make this share so much more plausible is to give more confidence here so people can see more light at the end of the tunnel by ways of extracting.
shaun Bunn is saying that we need to find some kind of machine invention to work that will extract titanium.
Prospector the technical information you have given is a light at the end of the tunnel.
So Shaun Bunn if you are listening to this please take note and provide ways of carrying ways to show share holders there are ways of abstraction with different methods and how it is done.
You must have an idea but keeping it quiet.
OOps if i am a bit loud ,like i said earlier i'm thinking of purchasing more shares here.
In the latest presentation Shaun, said that as the laboratory work progresses he will be releasing RNS’s.
It is NOT wait for 6 months for the final report.
So, if you are unsure and want more concrete answers then you should have time to review the results.
And as has been witnessed there are a few poster's pundits that want to rubbish EEE and call SB a liar.
Which has caused dips in the SP, so don’t be worried about fomo.
My wife is a chemist/scientist.
In her words chemistry problems are a lot easier to solve then biological problems, this is the leap of faith in thinking early on scientists know more then bb posters.
GLALTH
Jelig i say what i see, and if you are using your'e wife to make out that something you say is more realistic you need to learn thats not how this work, you are coming across as very protective.
I am very confident in this company and shaun otherwise i would not have invested, i am just trying to ease the pressure of a share holder anxiety by learning more and what else could be done.
I am sure by asking questions could make this work in more positive manner.
I think you would be suited to more Silent investor Role Arctic 🤣 and quit inviting ajs!
I thought wife talk was disallowed
Haha
I think you need to read my response again as it was balanced to your initial ridiculous question in asking that anyone on this bb has the answer to the million dollar processing question.
DA
Will be silent one day and learned that in the last year as you well know but i am sure i got 30 years left in me so i will say what i think as long as i follow my truth in what i believe, always works.
Yep your'e right about the wife comment. Hope she doesn't read this.
Jelig but what if someone gives a indication or pathway by chance by throwing ideas out there could be 100 to 1 shot but it's better than having no target.
Why are you being so negative.
Light bulb was invented by chance.
I have a lot of shares in this company,
That should be enough info to tell you what I think.
But there are no guarantees just yet.
That is the risk I am willing to take with info and analysis from the high quality poster.
Either way I am learning.