E25 (ASX) E25 Strength to Strength.

Originally posted by phuket guy ↑

Hi Bankroet i just posted this on the Disallowed mob site- (ps Mate are you a bitcoin resister too?)

AS FOR E25 NEWS from what we are hearing from our sources and from the recent interview with Justn on tv is that e25 commissioning is going well, the through put is working and all is well some grades a bit lower and some bits doing better than expected, but iterations continue. There should hopefully be a formal announcement about the state of the comissioning and milling very soon.

We believe the hold up is that happening is normally under asx laws, the comissioning engineers have to see it working for a certain period before they can come with their "independent experts report" saying its all going well.

When that happens - we expect this stock to rally more again very soon after. I am buying more down here now.

Think about it logically - as this now (hopefully works) it will have been derisked and more instos can now come and buy it. Theres not many shares out free in ths company - the float is only 150 million shares and many of them are Hodled away by bigger players and investors who know whats going on and are here for the future yeilds (like me)

Think logically - If the plant works for phase 1 production (A$ 30 mill a year) - it will most likely also work fine for phase 2 production (which is just more through-put) and which they have the capital to start building the increased plant immidiately (that will create NPAT A$70 mill a year roughty) and that will generate the organic capital to roll into phase 3 production off income alone (this company has no debt remember) and off the top of my head Phase 3 production should bring them about A$90 million per year NPAT ? - thats only if MN doesnt keep increasing in price- if it doesn't its more!)

That (phase 3) should be going and adding to cash flow out by late in 2022 (next year). As they have a 40 year mine life (from the drilling so far) so we can reasonably see stock this on a 10x -15X Pe. So this counter should logically grow to a market cap of about A$900-1,350 mill. (which is where all the indpendent experts reports and DFS have already declared its NPV.) This wont require further dilution as this business should be all cashflow from now on with the mill working and all offtake agreed on a take or pay basis. - So there will be only 150 mill shares out. .........So dividing A$900-1,350 mill by 150 mill shares = $6-9$ per share!. So thats where we expect this counter is going to in the next year or maybe (hopefully) less.

And thats without even counting in the projected new high purity battery metals MN sulphate business. (they are doing their dfs for it now) That HP sulphat estuff sells for (off top of my head) A$1200 per ton not A$ 300 per ton. A jv with a big battery or car manufacturer - which we also expect to come in the near very future (as this is now the safest, easiest, most politically stable and most reliable source in the world of high purity MN)- is what we expect to push this counter over 12$.- others are calling it to 16$ 18$ etc..so maybe it can even get into the teens.

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Mate how are we? Have you left the building? ... you must be on holidays again .

E25 down 40% ... I haven't sold one share have you? Thanks

No.	Vol.	Price($)
1	24468	23.5¢

No.

Vol.

Price($)

24468

23.5¢

Price($)	Vol.	No.
25.0¢	4352	3

Price($)

Vol.

No.

25.0¢

4352

No.	Vol.	Price($)
1	24468	0.235
1	8448	0.220
2	41387	0.215
6	276670	0.210
2	35000	0.205

No.

Vol.

Price($)

24468

0.235

8448

0.220

41387

0.215

276670

0.210

35000

0.205

Price($)	Vol.	No.
0.250	4352	3
0.255	44721	1
0.260	19607	1
0.265	21010	2
0.270	20000	1

Price($)

Vol.

No.

0.250

4352

0.255

44721

0.260

19607

0.265

21010

0.270

20000

(20min delay)
Last 25.0¢		Change 0.015(6.38%)		Mkt cap ! $51.67M

Open	High	Low	Value	Volume
25.0¢	25.0¢	25.0¢	$325	1.3K

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