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50.0¢ essential metals limited

that would be ideal but I just feel if anything like that was...

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malvernmoe

1,084 Posts.

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17/11/22

11:59

Post #: 64829535
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Originally posted by qwert0: ↑

Interesting that CXO reserves are only 56% of their resource. Given that our deposit is shallow and tabular in shape, hopefully it can be mined quite efficiently, with the reserve being a greater percentage of the resource.

If our MRE update due in a few weeks comes in with a resource of 13-14Mt as hoped, we may eventually end up with a reserve pretty similar to that of CXO.

With any luck we'll get an announcement early in the new year with respect to an offtake partner. Perhaps a preliminary memorandum of understanding.

That, together with the larger resource size, should then give our share price the boost it needs to get at least over $1, at which point we'll be in a much better position to negotiate a finance deal that hopefully includes both equity and debt components.

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that would be ideal but I just feel if anything like that was going to transpire, given it is due in only some weeks, there’d be significant buying as a result of leaks and whatnot. We’re just not seeing that though at the moment unfortunately.

ESS Price at posting: 46.0¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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