TimorLad, this sort of ramp to a $6B valuation off the back of...

TimorLad, this sort of ramp to a $6B valuation off the back of some early RC holes is fantasy land stuff.

I’m bullish on the potential, and I agree ESR has done a solid job positioning itself with strong grades and first-mover advantage in Timor. But going from $60M to $6B means you're pricing in not just a big discovery, but full-scale development, proven logistics, environmental signoff, financing, offtakes, and production — all before a single metre of drill core is out of the ground.

Let’s focus on the next 1–6 months:

• Can they prove consistent high-grade manganese at scale?

• Can they demonstrate continuity at depth?

• Can they confirm that the DSO potential holds up across multiple zones, not just surface hits?

If yes, then a serious rerate is on the cards — maybe even 5-10 multi-bagger territory. But let’s not kid ourselves.
Hope they hit — but let’s walk before we fly.

GO ESTRELLA