No one cares about tin and many other commodities at the moment....

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shaneos

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16/10/23

09:04

Post #: 70359050
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Originally posted by Hiddenvalue ↑

Nutbar, look at ELT, awesome Tin deposit in Spain and great potential in Tasmania. Resource and reserves growing pre production from millions spent on a significant drilling program. DFS out and approval to mining pending imminent release. Will need to get a plant with minimal capex to commence mining.

Share price had got as high as 90cents during the drilling phase and now trading at 13cents on its potential to production. Same price prior to drilling and growing the resource exponentially.

It don't matter how great your register is, how tightly held it is. If the market sniffs of a CR and or the underlying commodity price has fallen significantly, expect massive MC value destruction on the spec side of the ASX.

ESS is just another dreamer until production commences.

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No one cares about tin and many other commodities at the moment.

Lithium has been the big winner in recent years and ESS has one of the few current JORC resources in Australia.

Bill needs us more than we need him imo. Not doubting his abilities after his achievements with NST but people are rightly questioning the current valuation of DVP and the 6.18 conversion ratio in this deal.

Pretty sure you are an accountant from memory. Any chance you have some figures to back up the current $600M + valuation of DVP?

Cheers

ESS Price at posting: 49.0¢ Sentiment: None Disclosure: Held
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