ESS 0.00% 50.0¢ essential metals limited

News expected, page-45

  1. 4,601 Posts.
    I will tell you guys something that you can take with a pinch of salt or you can do your own research and you may come to see the future of pioneer as i see it.

    Firstly, the market is not really clued up on our asset base, some still think we are poking at gold while the newcomers think we are a lithium go getter. Actually we are more of a Nickel company. We have millions of dollars worth of Nickel at the Blair mine that we own, its not pie in the sky, it is a JORC reserve and it is extremely high grades up to 5% Nickel. The Nickel is going to make us a lot of money when it becomes obvious that the world needs Nickel going forward, the Nickel can stay in the mine, it is like our term deposit in the bank, we do not need to touch it right now, when market conditions change, and change they will, then it will be the time to go for the Nickel.

    Gold... Pioneer have some of the most interesting and fertile gold exploration tenement near Kalgoorlie, do we have gold? Oh yes we do, the company has only just scatched the tip of just one of our 340 square kilometer tenements and very good grades of gold has been found on a limited drilling campaign. I myself estimate the current data indicates 10,000 to 20,000 ounces of gold, let us see if the next round of drilling can get us up to 50,000 ounces, the company could sell this with ease for $5,000,000 in ground. We could mine the shallows via contract ourselves and rather than get $100 in ground at bare minimum we could get $1250 usd at a cost of $250 to $500 cost of extraction and treatment. Bare with me as i have not been at the costing of gold production for over 15 years so i may be a bit rusty on the numbers. Anyway there is a lot of gold and more to be discovered.

    Lithium , well please add tantalum and caesium to our mix, note that we have the highest grades of Spodumene lithium, not this pie in the sky brine stuff. Spodumene lithium is a no brainer as treatment costs ate lower to refine, brine has a lot of iron and iron contamination in lithium batteries is a big no no. We are onto the good stuff, if it was white powder El Chapo would be cutting deals with us. Mavis canada, this is brilliant, shallow and high grade, and so close to the US market, i will dot dwell on it, all the info is on the asx announcements and ilc website. Gangfeng? Do your own research on the ilc website, there arevoff take agreements so what we mine has a destination, it will not be stored in the MD's back shed for a rainy day.

    Phillips river lithium, my feeling is that this could be bigger than what we currently think, very high grades and a lot of it, read the asx announcements.

    Donelly , Greenbushes. Pegged by Paul Askill, this guy has been known to be a company maker, this is bigger than what the market thinks. This is worth a look on google earth, it is a very big peg litho field. Give it some time for all of this to fall into place, diversification is the key going forward, and at these prices pioneer is the absolute best buy on the asx for growth and many fall back positions. Find anothe company that has so many diversified assets , i really do not think one exists. This company has everything in place to aim at a $200,000,000 market cap and higher, es the market is slow but watch what happens when the penny drops.
 
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Currently unlisted public company.

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