ENEGEX LTD hat Gebiete die 200 km um die Ni-Cu-PGE-Entdeckung in Julimar liegen - 500 Beiträge pro Seite

[Montekaolino]

Enegex liegt im selben gebiet wo auch CHN tätig ist sollte man sich mal anschauen.

Da sollten wir in den nächsten monate noch was hören news stehen auch noch aus.

Die nur zur info. Keine kaufempfehlung die muß jeder selbst entscheiden.

https://stocknessmonster.com/announcements/enx.asx-3A559759/


https://stocknessmonster.com/announcements/enx.asx-3A547227/

Leider kann die aktie nur in australien gehandelt werden bei uns noch nicht.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.193.949 von Montekaolino am 25.02.21 10:32:58

Die WKN ist A1W6N4

[Montekaolino]

Antwort auf Beitrag Nr.: 67.193.967 von Montekaolino am 25.02.21 10:33:55

https://www.comdirect.de/inf/aktien/AU000000ENX0

[Montekaolino]

Antwort auf Beitrag Nr.: 67.193.988 von Montekaolino am 25.02.21 10:34:48

Hat zur zeit eine Mkt cap von

$8.620M AUD


aus Hotcopper.com

Its abit of a poker game at the moment IMO.
They were sharp enough to pick up ground quickly once CHN discovered PGE's, now its a matter of waiting for deals and regional exploration to unravel the hot areas from the also rans. With such a low MC thopugh, its almost a no brainer IMO that they will get a run.
Patience required but I expect it to be very lucrative at some point.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.194.090 von Montekaolino am 25.02.21 10:40:02

Info aus dem ASQ Forum

[Montekaolino]

Antwort auf Beitrag Nr.: 67.198.710 von Montekaolino am 25.02.21 14:16:07

aus Hotcopper.com

the entire region will be swarming with drills if a second julimar-like deposit is found. All it takes is one more IMO. Enx has the second largest tenement size in the area second only to chalice (out of Asx listed miners anyways)

[Montekaolino]

Antwort auf Beitrag Nr.: 67.346.358 von Montekaolino am 07.03.21 10:16:28

Info.


https://stocknessmonster.com/announcements/enx.asx-3A563557/

[Montekaolino]

Antwort auf Beitrag Nr.: 67.457.105 von Montekaolino am 15.03.21 09:03:03

aus Hotcopper

imo they have been waiting for more approvals. Now 17/20 approved (only waiting on top 3 pending on the map) including the one they pegged on a whim right below CVV. Very interesting Ann there this morning higher cu grades being found at Opie which is right on the Southern side with ENX slightly below. I'm not saying ENX has a similar structure on this block but the magnetic data here certainly looks interesting.

ENX did a lot of the good work up front and they have 100% of these blocks with no vends or JV's. I agree though now they need to start letting the market know what they have and get a move on with the next stage. They are the lowest EV in the area atm so once they start doing that you just need to look around to get an idea of what could happen.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.576.716 von Montekaolino am 24.03.21 08:28:49

Gute news


https://stocknessmonster.com/announcements/enx.asx-3A564232/


ENX Historisch - 1 Tag

[Montekaolino]

Antwort auf Beitrag Nr.: 67.608.639 von Montekaolino am 26.03.21 08:13:49

Info aus Hotcopper.com

Having been granted a further eight exploration licences in the South West Terrane, Enegex’s tenement package now comprises 18 granted licences comprising 3,460km2, as well as two remaining application areas.

It is a sizeable area to explore and improves its chances of another Chalice discovery.

noch was

Im in as of this morning.

Saw Greeds not so subtle little cross promotion today on PUR and it jogged the memory to this one.

I like the large well positioned exposure, it gives these guys a good chance of decent PGE strikes.

Still a good deal of risk involved as no drilling or exploration I can see, its pretty much 100 percent leveraged off the success of others at this point.

But a big well placed footprint along trend of some really promising plays, I like the proximity to PURs Cal East in particular.

More reading up to do but worth a place bet IMO.

To the guy that commented "a few dollars in a few months" please don't say stuff like that, it is clearly crap and somebody might believe you...

However I see considering the very low shares on issue which is the close second drawcard to the massive well placed footprint there is considerable upside.

There are strongly accredited money men on the board and the suggestion from someone deals will be made and free carries etc are likely are IMO 100 percent on the money.

More deals will be going on through this prospective PGE belt in the next couple of years than at a Marrakesh Hashish market...not that I would know about such things! Ha ha!

All the guys who moved early and secured well placed large footprints in this zone have already created value without even booking a rig.

Probably worth in the low teens just on the large well placed footprint, cash at hand, next to no shares on issue and huge buzz around the zone. IMO.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.608.957 von Montekaolino am 26.03.21 08:37:56

Das war ein sehe schöner tage heute

9.5 geschalossen
plus 2.4 =33.8%


wir sind auf den richtigen weg wenn wir nur 50 % von CHN erreichen wäre schon

ein toller erfolg. Die monate werden es zeigen.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.634.296 von Montekaolino am 29.03.21 09:06:11

aus hotcopper.com

Great to see ENX getting some much deserved attention given the whole area is going nuts and they have some of the biggest tenements!

$11m market cap is ridiculously cheap and only 140m* shares on issue, tightly held and will move hard on its own news to come let alone on all the neighbours movements like PUR today announcing more discoveries.

Can ENX repeat a PUR type run and go from $10m market cap to $60m? definitely has the potential and only way to reap the rewards is getting set in early!

[Montekaolino]

Antwort auf Beitrag Nr.: 67.635.271 von Montekaolino am 29.03.21 10:08:55

noch was

ENX has a huge land bank which includes some very prospective 'nearology' properties.

The $11m MC is a complete anomaly compared to other Julimar hopefuls but consider the case where a large player, lets say FMG or S32 for example? wants to join the fray.

They could pay $50m? without batting an eyelid and still be getting a potential bargain.
If more than one player wants in, well you get the idea.
Geoff Albers runs ENX and is getting pretty long in the tooth.
Someone lobbing him a pay check of several tens of millions might find a ready seller.

I think ENX should be $30m to $50m MC based on their land holding.

Lets get a few more neighbours results and see how it plays out but the whole Julimar region but with CHN at $1.7b MC, anything is possible.


ENX verfügt über eine riesige Landbank, die einige sehr prospektive Nearology-Immobilien umfasst.

Der $ 11m MC ist eine völlige Anomalie im Vergleich zu anderen Julimar-Hoffnungsträgern, aber betrachten Sie den Fall, in dem ein großer Spieler, sagen wir FMG oder S32, zum Beispiel? will sich dem Kampf anschließen.

Sie könnten 50 Millionen Dollar bezahlen? ohne ein Augenlid zu schlagen und trotzdem ein potenzielles Schnäppchen zu machen.
Wenn mehr als ein Spieler mitmachen möchte, kommt Ihnen die Idee.
Geoff Albers führt ENX aus und wird ziemlich lang.
Jemand, der ihm einen Gehaltsscheck von mehreren zehn Millionen vorwirft, könnte einen Verkäufer finden, der bereit ist.

Ich denke, ENX sollte 30 bis 50 Millionen US-Dollar MC betragen, basierend auf ihrem Landbesitz.

Lassen Sie uns ein paar weitere Nachbarergebnisse erzielen und sehen, wie es sich entwickelt, aber die gesamte Julimar-Region, aber mit CHN bei 1,7 Mrd. USD MC ist alles möglich.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.635.313 von Montekaolino am 29.03.21 10:11:20

noch was

The entire Julimar story is stranger than fiction really.

Its looking like they have discovered a whole new mineral province in a virtually new mineral class (for Australia) on the door step of Perth.

I might be getting carried away abit but I keep remembering the stuff I've read about the Poseidon boom.
I'm so up for this being the modern equivalent of it.

Good luck holders, I hope your canoe floats.


The fact of the matter investors feel 10 times more comfortable investing money in WA then any African mining companies for the next 6 months at least , safer place to to invest your money especially in the hot place ENX is in the Julimar area.

Great finish.

Hoping to see 12c sometime this week and much higher again in the next couple of months.

CHN punching thru $5.00 today is a sign that theres more positive assay news coming IMO.

It may well send the Julimar trend stocks to much higher levels as the Julimar deposits are becoming international news.

If you were a mining major and wanted to dip your toe in to what may be a globally significant area, would you spend ??? billions chasing CHN or $50m on ENX?

[Montekaolino]

Antwort auf Beitrag Nr.: 67.635.313 von Montekaolino am 29.03.21 10:11:20

W'ell all I can say is we at the 10baggerclub are lovin' it. We actually called this stock as a potential 10x'er last August at intraday 1.2 cents they changed from oil exploreres to gold exploring(it was just A$1 mill capper- and that's where we know a lot of 10 baggers hibernate and hide before they come out swinging) We all piled in and ran it up to 9 cents in the gold rush rally last October. As we Usually suggest our members sold out to get our starting stake back (and more) and left our free ride shares to run. We got a bit bummed out when we saw them issue 16 mill oppies at 3 cents to (we presume) themselves last November.

Anyway weve been having a good run with the julimar story- as a club we called CHN as a 10x'er last March at 23 cents and its up 2073% for us, we also called Nearby mandrake (MAN)last april at 1.2 cents and its been up 1,650% recently, and we were aware of ENX's south west terrane land could suck it higher as CHN kept hitting it out the park at Julimar. Then Man started running hot pre-drilling recently. We sent one of our brokers to talk to enx about a new cash raise at 6 cents for our members, we were in discussions and then BINGO! Enx landed some more juicy tenement grants a few days ago and landed on the radar.

we are now waiting to see if she can run up to 12 cents in the near future and we can book another Disallowed this year. we called 7 last year (as it was an amazing year) but we've had two already this year and the way enx is looking could have our third real soon. (and were still in the 1st quarter)

There's actually one more little beauty nearby the market has kinda missed but we at 10baggerclub haven't. We're waiting for that one to rocket ship off soon too.

so good luck to the driller boys at Man -fingers crossed they hit the massive sulphides and this whole Julimar story can kick off to a whole new level.

DYOR and fill yer boots!

[Montekaolino]

Antwort auf Beitrag Nr.: 67.635.496 von Montekaolino am 29.03.21 10:21:37

noch was

I was wondering how it was reasonably easy to get stock on such at tight register.

Wont be long before they come out with some EM's. PUR went from a $25mil company to a $63mil company within 2 weeks with a much smaller tenement area. I have been expecting a $30mil market cap by end of March. 25c would be nice but may take a little longer.

By the way, it isnt hard to be in the top 10 holders with the directors holding 40%, you only need 1.5million or so.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.639.135 von Montekaolino am 29.03.21 14:41:41

Info.

https://www.enegex.com/rights-issue/

[Montekaolino]

Antwort auf Beitrag Nr.: 67.649.194 von Montekaolino am 30.03.21 10:57:49

Info.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.676.623 von Montekaolino am 01.04.21 09:36:24

aus Hotcopper

Have a look at the PUR Phils Hill map then compare the ENX GRANTED tenement due East of Callingiri West Cross shaped permit.
ENX permit appears to pick up the Phils Hill anomaly with its upper West side.
IMO, if PUR is worth 8c on a heap of shares, ENX is probably worth 20c just based on that one permit.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.676.722 von Montekaolino am 01.04.21 09:40:48

noch was

Now correct me if im wrong with any facts here but this is how i see it.

CHN - drilled and hit - mkt cap 1.8 billion.
PUR - less land -not drilled -mkt cap 59 million
MAN less land -not drilled -mkt cap 50 mill
ANS less land -not drilled - mkt cp 68 million (Im told bt havnt checked that they have a juicy plot in there in sw terrane too?)
CVV- less land - not drilled (or have they) mkt cap 69 million

ENX - More land than all of them - also not drilled - mkt Cap 15 million.???

ok they don't have so much cash, and they haven't done their em survey, but IMO they are still grossley undervalued given the great located tenements they just acquired right in the thick of it. this stock should be t 15-20 cents, (a 20- 28 mill mkt cap) and that would still be undervalued.

Man are the next taxi off he rank to go drilling- in about 14 days I believe - there's good chance IMO they will hit some massive syulfides give their em indication and the PGE evidence from over 280 rock chip samples. - if they do all these nearology Derby stocks are gonna move substantially higher.

mean while chn still kicking it out the park at Julimar and its share price driving up to new highs.

whats not to like about buying into the undervalued the runt of the pack -especially when its tenements re much bigger than all the others?

DYOR

[Montekaolino]

Antwort auf Beitrag Nr.: 67.676.803 von Montekaolino am 01.04.21 09:44:58

noch was

You obviously know and recall the other stock much much better than me and if you and friends were spruking it right from reslisting well apologies, punters did have plenty of time to take profits and get off that one on the the way up or at least before the ship sank.

All Im saying in regards to this one is I am wary of us leveraging entirely off hype and speculation of this very in vogue zone. Which is why I hope its not hyped too much because that quickly becomes unsustainable.

Don't get me wrong Im enjoying the share price rise and think it might even be worth a tad more before we get to a plateau, before we need updates from management.

Fine we are in the situation we are now, that is all anyone could expect, our Directors have seen a discovery (CHN) and a trend and raced around and grabbed what they could that was unpegged which is great. I like the big footprint as Ive said.

But as the share price rises there will be more market expectation that we do something with the leases at least state an intention which is what I have posted.

We also need to promote, which is part of what stating an intention clearly is, sort the website and announce some sort of plan. Even if that plan gets dragged out doesn't matter so much its just most investors want to invest in assets that have direction.

Or we can just landbank, just hold the land.

Which will work too to some extent as long as those around us keep making discoveries and developing their leases.

It won't work as well as holding the leases we have and making motions to explore though.

Stating intention to explore creates hype but at least it is hype with a plan and that is hype with increased substance.

Im thinking as a land developer here, if we sold the leases now it would be wholesale on completely unimproved land.

We may be intending to sell the leases as you have suggested but even for that, to get a higher price, it helps to drive the share price up further and interest up further.

Maybe a decent website and some preliminary scoping, there are corners of a couple of our leases where others have seen signs of minerals over the fence from us. Good place to start.

The list you put up of neighbors of ours or others in the zone is by no means complete (not that you claimed it was) but there has been a lot of scoping and flown EM etc in the greater area.....if we picked a few very likely corners and did a bit of soil work or flown EM now thats where we start seeing the really big share price gains. IMO.

Or perhaps management will be happy to let it go totally unimproved for 10-20 mil and they already have that cash earmarked for something else?

I have no idea, management no doubt have a plan but without further communication its really very hard to know what it is...

Anyway not quibbling just think there is a clear opportunity to really value add here.

But its been a very good week for holders...have a great Easter everyone and we will see what the new week brings...

[Montekaolino]

Antwort auf Beitrag Nr.: 67.676.878 von Montekaolino am 01.04.21 09:49:03

Schritt für schritt noch norden wäre schon zufrieden wenn sie 50 % von CHN erreichen

die bohrungen werdens zeigen wo es hingeht.


Diagramm ENX

[Montekaolino]

Antwort auf Beitrag Nr.: 67.710.343 von Montekaolino am 06.04.21 09:55:17

Info aus Hotcopper.com

This is great for ENX, today's announcement from PUR noting at the end...

"it is becoming apparent that prospective mafic-ultramafic intrusions which host Chalice Mining's PGE-Ni-Cu mineralisation are far more widespread than previously thought throughout the western margin of Yilgarn Craton"(sic)

ENX has tenements all around this area, around CHN, around PUR; all over.

given that statement above, it's extremely bullish for the whole region.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.715.896 von Montekaolino am 06.04.21 16:07:18

aus Hotcopper.com

CHN keeps rising higher, PUR gaining more traction and ENX has the biggest holdings in the whole area.

Definitely a lot of catch up to some of the other peers, like M24 DEV LTR PUR in terms of market cap, granted they are undertaking active work but even so, as PUR stated, the entire region is more prosperous than previously thought all around CHN/PUR holdings.

At some point management will need to come out and start some work, for ENX value to keep increasing but under $30m it's still cheap, I think at the $30m value that's where some work needs to be started and a plan in place.

Only 144m shares on issue, barely anything for sale.

PUR about to breakout, whole region is hot so only bodes well for ENX.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.723.828 von Montekaolino am 07.04.21 09:40:59

noch was


CHN was 14 cents last march as well , what if the Julimar discovery extends right into ENX tenements once ENX start drilling and they find something big .

[Montekaolino]

Antwort auf Beitrag Nr.: 67.728.622 von Montekaolino am 07.04.21 14:44:24

aus Hotcopper.

Nice map here of ENX and the whole area;

CVV just released some promising results right next door to ENX at their Bindi project

[Montekaolino]

Antwort auf Beitrag Nr.: 67.734.361 von Montekaolino am 08.04.21 09:22:41

noch was



The entire region is more prospective than was thought, refer to PUR last announcement stating this.

CVV just released some great Copper results and are at $77mMC and PUR have some very promising surveys and more results and works to come that are closer to ENX in the upper area of that map with their Calingiri East project.

ENX has the largest tenement holdings all over the area.

Have to look at what all the other companies are doing that are also closer but as PUR have come out and stated; the entire region is more prospective than previously thought and some of their recent surveys are showing more promise than even CHN

[Montekaolino]

Antwort auf Beitrag Nr.: 67.739.776 von Montekaolino am 08.04.21 14:44:15

noch was

My first comment mhk is HC is probably the wrong place to be asking that question, everyone is biased.

Do your own boring (perhaps) hours, and I mean hours, of reading of Geological articles around PGEs and precious metal deposits.

Read everything on the websites of every player in the space, not as boring or time consuming as it sounds.

If you had you would know the Goyder camp with a strong background of Geology and the science behind it are hypothisising that this is a large new mineral province. And that the minerals LTR are searching for and finding more than 100km north of Julimar are geologically related to Julimar and part of the same provincial mineral trend.

Look at WAs gold fields, they started with one Irish bloke finding a cluster of nuggets in one little patch. That became just about the worlds richest gold discovery that stretches hundreds of kilometers.

A dozen companies including that company with the discovery of what you call the epicenter (CHN) and all their geos and experts are thinking this is massive and widespread. CHN itself has pegged from south of Julimar to north of Wubin. (a couple of hundred kms)

Not hard to read those tea leaves.

There is risk, of course, that why ENX is 15c and CHN is $6. Because CHN has a proven discovery.

But I wouldn't even be calling Julimar the epicenter just yet, just as Paddy Hannans gold discovery showed 100 years ago the first discovery is not necessarily the best that will be found.

Julimar is spectacular but the best may quite possibly be yet to be found. Exploration for these metals in this extended zone has only just begun.

So read up, the science of PGE discoveries is pretty encouraging...

[Montekaolino]

Antwort auf Beitrag Nr.: 67.676.878 von Montekaolino am 01.04.21 09:49:03

Info aus Hotcopper.com

My first comment mhk is HC is probably the wrong place to be asking that question, everyone is biased.

Do your own boring (perhaps) hours, and I mean hours, of reading of Geological articles around PGEs and precious metal deposits.

Read everything on the websites of every player in the space, not as boring or time consuming as it sounds.

If you had you would know the Goyder camp with a strong background of Geology and the science behind it are hypothisising that this is a large new mineral province. And that the minerals LTR are searching for and finding more than 100km north of Julimar are geologically related to Julimar and part of the same provincial mineral trend.

Look at WAs gold fields, they started with one Irish bloke finding a cluster of nuggets in one little patch. That became just about the worlds richest gold discovery that stretches hundreds of kilometers.

A dozen companies including that company with the discovery of what you call the epicenter (CHN) and all their geos and experts are thinking this is massive and widespread. CHN itself has pegged from south of Julimar to north of Wubin. (a couple of hundred kms)

Not hard to read those tea leaves.

There is risk, of course, that why ENX is 15c and CHN is $6. Because CHN has a proven discovery.

But I wouldn't even be calling Julimar the epicenter just yet, just as Paddy Hannans gold discovery showed 100 years ago the first discovery is not necessarily the best that will be found.

Julimar is spectacular but the best may quite possibly be yet to be found. Exploration for these metals in this extended zone has only just begun.

So read up, the science of PGE discoveries is pretty encouraging...

[Montekaolino]

Antwort auf Beitrag Nr.: 67.751.953 von Montekaolino am 09.04.21 11:37:52

aus Hotcopper.

ENX is very close to CHN , once ENX start drilling we may well have huge a discovery as well highly likely , watch this space!


ust surmising a bit but could the ENX strategy be to grab as many tenements as possible and then just sit and wait to see which of their neighbours do well form their drilling/studies?

With the area and varied locations of the many tenements they currently hold within this supposed province they would have to be fairly unlucky not to have a neighbouring owner or two come up with some reasonable drilling results along their borders. Some already have but it's still early days yet.

They could just sit back, do the minimum required to maintain the tenements, watch and save shareholders funds until they have a much better picture of what's happening around them.

The delays with the drill processing labs are getting ridiculous anyway, why add to the problem when you can piggy back on others to a certain extant?
Chalice, Liontown, Devex, Caravel and Pursuit are fairly active neighbours to have.

It's just a time thing IMO.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.761.847 von Montekaolino am 10.04.21 09:19:55

Info aus Hotcopper

some great results from LTR across the border at Bindi Bindi and Mt Yule - things are looking good for nearology plays as LSA on the left gets partially acquired - who knows, we may be next


Its not as though its likely the Julimar to Moora style minerals stop at Moora IMO.

Goyder himself has pegged north and we have a large footprint in that part of there world too.

Tim is just old enough to remember early encouraging results from the seventies when Posideon was sniffing around and he picked up some of that ground around Moora.

A lot of what ENX has is totally unexplored for todays target minerals...with the virtual confirmation today of a large gold system at Moora it is just the next piece the exciting puzzle unfolding in the WA wheatbelt.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.791.134 von Montekaolino am 13.04.21 10:58:43

Info Hotc.

https://en.wikipedia.org/wiki/Robert_Friedland

Robert Freidland moving into CHN which hit $6.66 today...I just realized thats a funny number..

Funny if you area CHN shareholder..

Friedland is a very big deal in international mining and was behind the Voicey Bay Nickel discovery amongst other things.

Getting caught with a heap of LSD and being Uni mate with Steve Jobs as a young bloke all adding to a colorful past.

If he's moving into CHN whats happening in the WA wheatfields is on international radars. The T/O merger and acquisition phase is not far away IMO.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.807.070 von Montekaolino am 14.04.21 09:57:54

Info.

https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chi…

[Montekaolino]

Antwort auf Beitrag Nr.: 67.861.382 von Montekaolino am 18.04.21 10:44:23

Info, aus HC

What makes you think this has been held down?

ENX went on a monster run the other week. its just a typical pull back.. it is up well over 2000% in a year. besides the pull back it is still up 80% in a month.

Bring on the drill? ENX have no drilling program. Have given no indication that they will drill this year, or next year, or in 20 years. There is no time line surrounding drilling anything.

At this stage the only present value is its land value. That land value goes up the more discoveries that are made adjacent to ENX tenements.

This thing will soar if they announce they will start drilling. Anomalies and mineralization trends etc where other explorers have found discoveries enables ENX to sit back and see.

Its like they are so sandwiched between everyone and have a large land holding its almost like you can judge adjacent explorers historical drilling, not so historical drilling and future results as a gauge to where you could drill. treating their tenements as your own, just an expanded version.

We don't know whether they will sit still and hold this land for commodity prices to go higher, slowly compile data like they have been, sell tenements, drill tenements.

I don't believe its held down.. I do think however it is pulling back as people are not so sure how long they will have to hold this company to see the tenements developed or sold.

[Montekaolino]

Antwort auf Beitrag Nr.: 67.935.236 von Montekaolino am 24.04.21 09:52:19

Info

https://stocknessmonster.com/announcements/hym.asx-6A1030103…

[Montekaolino]

Antwort auf Beitrag Nr.: 67.973.138 von Montekaolino am 28.04.21 10:15:28

aus HC

I had written a whole write up with this but it's now lost...

I've circled in red the area being discussed here for ENX holdings next to PURs Phil's project which is a very promising area with results due in the near future and plenty of work being done there.

Nice to see management mention they are working to get ground works underway with current work on identifying where to start, so that shouldn't be too far off.

with the area very hot and ENX with some of the biggest holdings, a re-rate is on the cards from a minuscule $15m market cap where DEV, CVV, PUR, CUL to name a few around us are all drilling, surveying etc. with results due (delayed because of labs but due nonetheless)

once survey ground work gets underway for ENX I wouldn't be surprised to see a re-rate like our neighbours all experienced to $30m-$100 market caps

[Montekaolino]

Antwort auf Beitrag Nr.: 67.986.395 von Montekaolino am 29.04.21 10:20:54

Info aus HC

CVV just raised $7.5m to go towards their projects in this whole region and towards acquiring more land in the Bindi deposit area where ENX has a significant amount of land holdings there and looks like there's some gaps between some of the holdings (dunno if that's just unfinished map from the cartographer here)

just look at all the bright purple of ENX on this map surrounded by so many very active companies not just the $100m CVV but also LTR, DEV, PUR etc.

whilst most will look to these others for the here and now momentum; it will flow onto ENX once any one of these neighbours starts progressing, releases some results you name it.

ENX already saying they're now moving towards identifying targets for fieldwork but really it's a sit back and let's see what the neighbours are doing, which we already are doing that and then hone in on a target or better yet, highly likely some extends over to one of the many ENX holdings and someone wants to buy it or JV with us.

either way, at a $13m market cap it's one of the few cheapest around in this hot area yet to re-rate to that $30m/$40m/$60m/$100m market cap region.

[SmallCapTrade]

Antwort auf Beitrag Nr.: 67.608.957 von Montekaolino am 26.03.21 08:37:56

Interessanter Fund Montekaolino

Ist dies "nur" ein Area Play oder gibt es hier demnächst auch Bohrergebnisse?

SmallCap

[SmallCapTrade]

Aus dem HC Forum vom User FreeflyerNZ:

What makes you think this has been held down?

ENX went on a monster run the other week. its just a typical pull back.. it is up well over 2000% in a year. besides the pull back it is still up 80% in a month.

Bring on the drill? ENX have no drilling program. Have given no indication that they will drill this year, or next year, or in 20 years. There is no time line surrounding drilling anything.

At this stage the only present value is its land value. That land value goes up the more discoveries that are made adjacent to ENX tenements.

This thing will soar if they announce they will start drilling. Anomalies and mineralization trends etc where other explorers have found discoveries enables ENX to sit back and see.

Its like they are so sandwiched between everyone and have a large land holding its almost like you can judge adjacent explorers historical drilling, not so historical drilling and future results as a gauge to where you could drill. treating their tenements as your own, just an expanded version.

We don't know whether they will sit still and hold this land for commodity prices to go higher, slowly compile data like they have been, sell tenements, drill tenements.

I don't believe its held down.. I do think however it is pulling back as people are not so sure how long they will have to hold this company to see the tenements developed or sold.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.069.648 von SmallCapTrade am 05.05.21 19:39:06

Info aus HC

Hoffe das sie dieses jahr noch starten.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.077.949 von Montekaolino am 06.05.21 10:31:51

Noch was

What's the company's next plan. They don't seem to be telling much , apart from acquiring new tenements.
thanks

[Montekaolino]

Antwort auf Beitrag Nr.: 68.078.051 von Montekaolino am 06.05.21 10:36:48

Info aus HC




Current market caps:

· DEV - $85M

· CHN - $2639M

· ENX - $18M

· LTR - $819M

· CPN - $53M

· CVV - $132M

CHN went up 7%+ today equivalent to $180m in market cap.

Wouldn't it make sense for CHN to just buy out all these surrounding companies for their land? (especially ENX given the huge land coverage and low MC?)


Aktuelle Marktkapitalisierungen:

· DEV - 85 Mio. USD

· CHN - 2639 Mio. USD

· ENX - 18 Mio. USD

· LTR - 819 Mio. USD

· CPN - 53 Mio. USD

· CVV - 132 Mio. USD

CHN stieg heute um 7% +, was einer Marktkapitalisierung von 180 Mio. USD entspricht.

Wäre es für CHN nicht sinnvoll, all diese umliegenden Unternehmen für ihr Land aufzukaufen? (Besonders ENX angesichts der großen Landbedeckung und des geringen MC?)

[Montekaolino]

Antwort auf Beitrag Nr.: 68.225.182 von Montekaolino am 18.05.21 10:10:24

Info.

https://stocknessmonster.com/announcements/enx.asx-3A567485/

[Montekaolino]

Antwort auf Beitrag Nr.: 68.264.332 von Montekaolino am 21.05.21 10:31:52

aus HC

Awesome update and to see some action now being taken on our grounds, with CHN growing and growing, PUR announcement today, this little $18m market cap ENX with the largest holdings around the area is a bargain compared to all of the others. Reminds me of PUR when I got in at this same market cap level.

Fieldwork to start later this month, so this should definitely get interesting. All of the other surrounding companies are sitting over $30m market caps, bar a few smaller leases, but ENX have prime grounds all over next to some of the biggest market cap companies like CVV, LTR, PUR, CHN, DEV.

Looking forward to what comes from this.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.264.581 von Montekaolino am 21.05.21 10:45:32

Info

aus HC





Just rough... sorry Joannie, art is not my best subject. Basically we are in good locations, ENX needs some fieldwork to really drive the share price higher. Low MC is still very attractive. Step-by-step.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.284.757 von Montekaolino am 24.05.21 10:40:46

aus HC

CVV turn now today.

ENX hold a massive land.

I don't hold this stock but now invest.

Hold LTR, DEV,LSA the whole region is now alight.

Great maps which are very informative.

As on other stocks, 2022 will be the really big years for this province, CHN is the leader of the pack

[Montekaolino]

Antwort auf Beitrag Nr.: 68.291.828 von Montekaolino am 25.05.21 10:18:29

ENX ist erst am anfang mit einen MK von ca 18,00 Mio noch sehr niedrig das kann und wird sich ändern

leider kann die aktie noch nicht in deutschland gehandelt werden sollte sich aber bald ändern

auch wurde ENX noch von keinen börsenbrief erwähnt schaut man sich die liegenschaften an

kann man es nicht verstehen ich bleibe auf jedenfall dabei die ersten bohrergebnisse werdens

zeigen geduld ist gefragt und die Kimberley Basin Exploration Licences sollte man auch nicht

vergessen. Bei CHN hatte man vor 16 monaten nicht erwartet das der kurs bei ca 8,00 AUD

stehen wird.

Nochmmals zur Info.


https://stocknessmonster.com/announcements/enx.asx-3A566060/

[Montekaolino]

Antwort auf Beitrag Nr.: 68.292.275 von Montekaolino am 25.05.21 10:54:17

aus HC

A bit of buying this afternoon pushing it to 14c.
It's a sleeping giant with huuuge tracts of land.
The whole region is percolating .


ENX Historisch - 1 Jahr

[Montekaolino]

Antwort auf Beitrag Nr.: 68.332.499 von Montekaolino am 28.05.21 10:14:49

Leider ist bis heute kein handel in deutschland möglich nur direkt in australien.

Aktie ist noch nicht so bekannt bei uns.

[SmallCapTrade]

Bin seit gestern hier auch mit einer kleinen Position rein. Ist für mich ein reiner Area Play. Da aber nach Chalice auch Caspin gute Ergebnisse geliefert hat und Liontown sowieso schon Erfolge gefeiert hat, könnte dieses Gebiet definitiv noch viel grössere Beachtung erhalten (resp. auch die Randgebiete), als dies eh schon durch Chalice der Fall ist. Die Chancen erachte ich als eher klein. Dafür könnte das Return-Potenzial sehr beachtlich sein falls diese Funde tatsächlich auf das erweiterte Gebiet ausgeweitet werden könnten.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.332.943 von SmallCapTrade am 28.05.21 10:46:44

Also doch noch ein mitstreiter ich lass mich mal überraschen was da noch so kommt

wir sind ja erst am anfang und bei ca 3.300 qkm sollte doch was unter der erde sein.

Als chance sehe ich schon kurse zwischen 0,40 und 0,60 AUD die bohrergebnisse

werdens zeigen.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.337.425 von Montekaolino am 28.05.21 16:19:53

Info aus HC

The chart is looking good. We just need to be patient.

The next leg up would be an update on rock chip sampling which has begun last month, with additional tenements granted, and forward-looking plans in SW Terrane exploration.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.403.896 von Montekaolino am 04.06.21 10:53:40

Info aus HC

People starting to figure out the value of the land as represented in this great table by quantum

[Montekaolino]

Antwort auf Beitrag Nr.: 68.449.391 von Montekaolino am 09.06.21 09:19:23

Es kommt bewegung in die aktie schaun wir mal wo wir in 12 monaten stehen

ich wäre schon mit 30 % von CHN zufrieden.

ENX Historisch - 1 Tag

[Montekaolino]

Antwort auf Beitrag Nr.: 68.464.289 von Montekaolino am 10.06.21 09:22:54

aus HC

CHN with some significant results yesterday and now today CVV which ENX wraps around both big players, announces some stellar copper results at their Bindi Project.

Whole area is so unexplored that more and more discoveries keep coming and Julimar CHN keeps getting bigger, extending north.

Bodes well for ENX as we can see from the rising share price and one of the lowest market caps of the region where majority are over $40m if not over $70m-$200m+, works now starting and either more neighbours keep striking or when ENX announces some results, any small hint and no reason this won't follow the likes of PUR, DEV and breakout to the $60m market cap level.

I remember saying that about PUR when it was $20mMC that there's no reason it couldn't hit $60m-$100mMC and it's sitting around the $74mMC level now, time will tell if ENX can follow suit.


CHN mit einigen signifikanten Ergebnissen gestern und heute CVV, das ENX um beide Big Player wickelt, gibt einige herausragende Kupferergebnisse bei ihrem Bindi-Projekt bekannt.

Das ganze Gebiet ist so unerforscht, dass immer mehr Entdeckungen kommen und Julimar CHN immer größer wird und sich nach Norden ausdehnt.

Ein gutes Zeichen für ENX, wie wir an dem steigenden Aktienkurs und einer der niedrigsten Marktkapitalisierungen der Region sehen können, in der die Mehrheit über 40 Mio gibt einige Ergebnisse, jeden kleinen Hinweis und keinen Grund bekannt, dass dies nicht PUR, DEV und dem Ausbruch auf die 60-Millionen-Dollar-Marktkapitalisierung folgen wird.

Ich erinnere mich, dass ich über PUR gesagt habe, als es 20 Mio. US-Dollar betrug, dass es keinen Grund gibt, dass es nicht 60 bis 100 Mio. US-Dollar erreichen konnte und dass es sich jetzt um das Niveau von 74 Mio. US-Dollar bewegt.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.337.425 von Montekaolino am 28.05.21 16:19:53

Die MKT ist viel zu niedrig.

Warten wir mal ab was morgen los ist wochenende gewinnmitnahme oder weiter gen norden.



Last
21.0¢ Change
0.060(40.0%) Mkt cap $21.67M

[Montekaolino]

Antwort auf Beitrag Nr.: 68.464.685 von Montekaolino am 10.06.21 09:44:30

Info aus HC

ENX land holding size looks very useful.
Great run up so far, have been buying gradually from 10c plus.
Still only $30m cap hence still an undervalued tag hold/accumulate for me.
Early signs of wider mineralisation in the region. But still early days.

Market Caps may include contributions from non PGE projects.
Some areas may be small but in prime locations. Near major discovery.
There are more PGE explorers, these are just some from my watchlist.

Any corrections to data, land holdings welcome. Just want I gleaned from company reports.
Large land holding may increase chances of a positive find, strategic value, M&A potential.
A small kms area may also contain a highly valuable deposit or potential prospect.
A number of companies focusing on very valuable 15-26km zones (very small area needed to be successful)
Size matters but not always. Land could have lots of nothing, or something.

Quality vs. quantity or both.PGE Palladium Platinum Rhodium prices are flying high.
Supported by auto industry. Palladium in 10 years of consecutive supply deficit.
I got into a Julimar stock before it ran 300% in May.
Getting in early before catalysts and waiting for uplift in value a good strategy.
Funds are coming in for PGE. Lots of drilling interest ahead.Drillbit will do the talking in the end.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.478.323 von Montekaolino am 11.06.21 09:22:03

Zur Info.

https://www.northamresources.com/projects/ni-cu-pge-and-gold…

Northam ist direkter nachbar zu ENX das nur zur info.

Northam wird nicht an der börse gehandelt ist in privatbesitz.

[SmallCapTrade]

Antwort auf Beitrag Nr.: 68.478.488 von Montekaolino am 11.06.21 09:34:10

Sehr spannend, Besten Dank. Die könnten nun auch ein sehr schönes IPO machen falls die an die Börse kommen würden....

SmallCap

[Montekaolino]

Antwort auf Beitrag Nr.: 68.480.111 von SmallCapTrade am 11.06.21 11:26:27

Info aus HC

Yes and another advantge of ENX, tenements aren't in state forrests or relatively dense farm acreage. Less farmers or regulations to deal with in setting up to drill.... I really wonder how CHN is going to setup a mine in a state forrest.

Most punters don't realise that OAR's tenement (E70/5406) is still pending , must be having problems with objectors. Maybe they will never get it approved.

ENX's price went up 200% when we announced that our tenements were granted.

OAR is currently in a trading halt- capital raising,
maybe to advance their other projects.

Anyway, I bought more ENX today at 18.5c

[Montekaolino]

Antwort auf Beitrag Nr.: 68.483.873 von Montekaolino am 11.06.21 16:15:58

Info aus HC

Back to on topic, ENX doesn't face the environmental barriers from its choice of Tenements to same degree as CHN.

Drilling will probably occur in Julimar, on a very limited basis as the footprint/disturbance is very low, and other activities do occur like this. But extending from that to drill lines or a mine there will be a significant environmental battle. I don't know if you live near the area? I live within 30km and have driven and walked through the area. Governments in WA live and die on issues like this especially in the backyard of Perth, the southern side of Julimar. It will be 4Years + in additional time relative to free-hold land, to get a mine to go, if they do in Julimar. As you see from the map, the sequence seen runs right down the the middle of the Forest.

ENX territory is largely in free-hold farm land that is sparsely owned, ie. less operators and community concerns, easier to negotiate initial access with smaller numbers of stakeholders etc. Just wanted to point out the plus for ENX The northern and eastern tenements are attractive geologically and for access for exploitation.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.488.589 von Montekaolino am 12.06.21 09:29:36

Noch was

Thema Grüne in australien

Their are real Greenies and then there are political Greenies with an agenda and they are the worse who practice the science of fearology to get their way.
Political Greenies tend to have backing from nefarious sources with all sorts of motives.
I can see a long process ahead seeing as the whole area seems largely unmined.
There is a huge upside for Perth WA and Australia if they can stake a path through the minefield and keep everyone happy.
If the traditional land owners are happy to have a mine then we'll get one.
It might be years before ENX even knows there is something worth digging up other than spuds.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.488.625 von Montekaolino am 12.06.21 09:35:03

Map here for you guys

[Montekaolino]

Antwort auf Beitrag Nr.: 68.488.643 von Montekaolino am 12.06.21 09:39:06

noch was

Yes indeed @Beaza79.

In fact, I believe ENX would have a significantly less chance of hitting something than having nothing.

This is a beautiful table @Maxi II prepared for us earlier; so many gems and hypothesis we could derive from this table.

Take OAR as an example, @Beaza79, what is your % expectation that OAR will be hitting something within that 100km2?



Now, let's look at ENX and assume there's only a 3% chance of ENX hitting something per 100km2 of land. (Remember, I know nothing about geology so I have to be extremely conservative. Also, I don't think many investors would be investing in any of these companies if they only expect a 3% hit rate per 100km2. i.e. they would expect a lot more)

Therefore, if this were like rolling a dice, it is totally reasonable that ENX will not be hitting anything at all in the first few rolls.

My hypothesis is that the 3% chance will eventually work its magic when I roll 34.6 times in total. If I were lucky, maybe I could hit a couple and early before running out of cash and frustration. And now, this is the exciting part, what if it isn't 3%? what if it is 10%? 20%? or 50% etc? This is also why I was interested to know your % of chance for OAR.

If this all goes pear/spud shape, I will just have to admit that my hypothesis has been disproved, I will lose all my money and I will be unloading spuds for the rest of my life with @Brightoil. Perhaps @Joannie, @Maxi II and the rest could help out also.

So here we go. Is there false in my logic @Beaza79?

The more I talk about this, the more I love about ENX.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.488.664 von Montekaolino am 12.06.21 09:43:05

noch was

So, after reading this, the counter-argument would be:

Why wouldn't I just invest in an explorer or just go peg 5000km2 somewhere else in the middle of whoop whoop? (given that the same hypothesis would still hold)

Then, here are my counter-counter arguments (based on my newbie geology knowledge):

1. ENX's tenements are also on the South West Terrane of the Yilgarn Craton (i.e. likely to share similar geology feature)
2. It seems that the EM features do not give a direct indication of PGE mineralised rock. Therefore, something ENX has to deal with to identify drill targets but this also means greens areas are just as good as reds on the EM. (Post #:53800642)
3. From CHN's comments, PGE geology feature seems to be widespread in the region.
4. ENX is currently in one of the exploration hot spots which allow its neighbours to do some heavy lifting/drilling first.
5. Most important of all, it still has a relatively small market cap, and market cap per km2 against its peers (refer to @Maxi II's table above).

Therefore, even if 1, 2, and 3 were wrong, or partly wrong, there is still a good safety margin, but with an enormous reward if they were correct, or party correct.

But please do let me know if there's gap in my logic, I would hate to be unloading spuds for the rest of my life at Spudshed. They always crank up their air-cond like electricity is free.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.489.177 von Montekaolino am 12.06.21 11:27:14

noch was

dem kann man nur zustimmen die zeit für ENX wird kommen nur geduld.

Yes, aren't we all gambling until the dill bit is down? Even CHN is still trying to figure out the extent of their Julimar discovery.

Also, investors often see TG&Co's lands are premium and the rest are usually the leftovers (i.e. confirmation bias + halo effect mentioned in Post #:53680054) . I would strongly challenge that view as I would expect them to scoop up even more tenements if they had a bigger market cap and a better understanding of the area (which they already did!). Furthermore, their exploration strategy and resources would have been tailored to their major Julimar discovery. Just imagine if ENX's 3500km2 tenements are up for grab tomorrow, how long would they last? I could just imagine any unclaimed tenements in the area now to be snapped up quickly in today's market.

Lastly, I am empathetic of your concerns about OAR @Beaza79 and I do hope that it will turn out well for all the OAR holders.

As with ENX, I think it still has a long way in catching up to its Julimar peers' MCap/km2. For instance, the next closest one on the list (Post #:53802308) would be PUR with a multiplier of 13x. (Not LSA - LSA with a multiplier of 8; 25% project equity of Koojan Project - i.e. 40x adjusted). It would be insane to expect ENX to rise 13x using PUR as a reference. Hence, extreme caution should be taken in determining a fair pre-drilling multiplier. [I will just stop here as I will be alluring to my ENX pre-drilling target price.] Overall, it is difficult to contain the excitement of ENX's upside, even though it has a huge risk that you have already articulated @Beaza79.

Beauty is in the eye of the beholder. I wish that by sharing my thought process, we can both appreciate the difference between the two companies and we can both become better investors!

Always open to discussions and challenges are welcomed.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.490.950 von Montekaolino am 12.06.21 17:26:31

noch was

It's not so much whether ENX will find anything (I'm sure they will find something in this new mineral province), but rather whether they will find enough commercial minerals to be profitable (or justify a higher share price in the future) etc.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.491.235 von Montekaolino am 12.06.21 18:39:27

aus HC
It's not so much whether ENX will find anything (I'm sure they will find something in this new mineral province), but rather whether they will find enough commercial minerals to be profitable (or justify a higher share price in the future) etc.






All the companies on that list would have their own unique characteristic and advantage to pursuit that goal @mhkforevermci.

And ENX in particular, has its own unique competitive advantage of doing so.




Your apologies are duely accepted. There is a long way to go for this company and if we go to $1 I'll shake hands with you at the spud shed (now don't go looking for me now and pester the folks there cos I don't work there ).

I'm yet amazed how a small fry like Enx ocould get 25 tenaments with a few pending applications but I guess potato farming needs lots of land.
The CEO is also no small fry and a hot potato in the spud farming business.

[SmallCapTrade]

Danke Montekaolino für die besten HC Beiträge. Eine Mine gibt dies hier noch lange lange nicht. Aber ein paar Landabschnitte könnten durchaus mehr Wert haben als schon nur die gesamte aktuelle Market Cap.

Die Risiken bleiben hoch, die Gewinnchancen wären dann aber umso grösser bei einem Hit.

Viel Erfolg
SmallCap

[Montekaolino]

Antwort auf Beitrag Nr.: 68.495.586 von SmallCapTrade am 13.06.21 19:40:06

aus HC heute feiertag in australien

the table multiplier relates companies compared to enx, so thats not so relevant to those on vms thread.

"In economics, a multiplier broadly refers to an economic factor that, when increased or changed, causes increases or changes in many other related economic variables."
investopedia

So its how the companies trade compared to ENX on a factor relative to Market Cap/kms land.

reach_k you may have a more detailed explanation, as you requested the multiplier be added.

When one looks at the maps ENX large land position really sticks out. Further future exploration, and any neighbour success will be a positive.

About to head out, its the long weekend.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.498.178 von Montekaolino am 14.06.21 09:17:52

noch was

Great explanation and I will also have a go.

By the way, potatoes do not stop growing during public holidays! Just joking.

JLC

---

Disclaimer – All in my opinion only and not financial/investment advice. I have zero nada geology knowledge, and this is my attempt in learning about the explorers. Always do your own research and question what you see.

A quick and dirty way of benchmarkingThere are many ways to benchmark these explorers, and one way would be to look at the market cap (Mcap)per project area.

This concept is similar to the property market by comparing land prices across different suburbs in dollar per square meter ($/sqm).

However, extreme caution must be taken when using the tables below, as each explorer is unique with countless assumptions that could influence its market cap, project area, and subsequently MCap/km2.

The purpose of this table (thanks to @Maxi II again) is to help investors, like myself, to ask better questions, and attempt to better understand the underlying assumptions which impact these explorers. For examples,

What observations could we draw from these values?
Why does the market pay a higher MCap/km2 for some explorers than others? What do they have in common?
For anomalies, are both market cap and project area being shown correctly in this table? i.e. does the market cap actually include other projects? Is this a JV project? (e.g. VMS’s market cap also include other projects and it is a JV with CHN; therefore, MCap/km2 needs to be re-adjusted)
What factors and assumptions would have a positive impact (or negative) on these values?
Does drilling commencement have an impact on MCap/km2?
Where are these explorers? Does the market pay different MCap/km2 for different regions? (i.e. Julimar vs others)
Based on other information and data, what is then the fair adjusted MCap/km2 for a given explorer? Why? Why not?
How do the explorers compare with their project areas and the assumed % of the success rate in making a discovery? How is this being reflected by their MCap/km2?


Whilst this should not be the sole benchmark or analysis to rely upon, this can help us in building our own hypothesis, to triangulate with other information/research/analysis, and ultimately better understanding them to increase our odds of identifying market mispricing.

Multiplier (to ENX) Post #:53802308





The context of the multiplier column is to illustrate how much more the market is currently paying for, in MCap/km2, of other PGE explorers vs the baseline of ENX. Therefore, the ENX’s multiplier equals 1 on the list.

For example, a multiplier of 100 would mean that the market is paying 100x more for a given explorer than ENX's current MCap/km2.

It would then be important to question why this is the case (refer to a sample list of questions above). This is also the most crucial part of the process, of not taking any numbers for granted.

As a result, we will all have our own adjusted MCap/km2 or multiplier for a given explorer based on our own knowledge, perspective and conviction.

I will just stop here as I have already covered this in my previous posts about ENX (Post #:53813272, Post #:53813586, and Post #:53816195).

Example: CHN-VMSJV SW Julimar look-alike project (Thor)
Here is a slideshared by Post #:53816505 and Post #:53739023 with a list of Julimar explorers:



VMS-CHN SWJulimar look-alike JV has a project area of 256km2.

Based on CHN’s MCap/km2 of 1.565, the market cap would be $400M if this Julimar look-alike is equivalent to the Julimar discovery. (VMS 30% = $120M). The target market cap for VMS could then be determined by adding other projects such as iron ore, tin, Kulin etc.

Again, extreme caution needs to be taken with this approach, given that many arguments and assumptions can significantly change the output.

For instance, if it isn’t commercially viable, the output would be zero. In contrast, CHN is valued at $3bn+; what makes up that $3bn and is $400m still a fair answer? What would the result be if a different MCap/km2 benchmark is used? etc. etc.

Conclusion

Whilst this is not rocket science, it does take effort and careful consideration to challenge these numbers to produce insights.

Like a knife, it can cut potatoes to make hand-cut chips, or it could kill if not handled cautiously.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.498.232 von Montekaolino am 14.06.21 09:21:48

aus HC

Hi @TheArchitech, I have been reflecting on your post for the whole weekend and it strongly resonates with my hypothesis.

This is my attempt to illustrating my hypothesis in the context of your post.

PUR $73m with 650km2 project area (6.5x of OAR and 19% of ENX)
OAR $23m with 100km2 project area (15% of PUR and 3% of ENX)
ENX $33m with 3500km2 project area


There are two ways we could argue about ENX's market cap vs its peers:

1. % Chance of discovery

For instance, we were to believe that there is >19% chance of an equivalent of PUR within ENX, then ENX may warrant a similar market cap as PUR.

2. Size of discovery

On the other hand, @TraderRR called $100m market cap. This is about 1.5x PUR's market cap. Hence, if he/she were to believe there's a chance of 1.5x PUR's size contained within ENX, then ENX may warrant a market cap of 1.5x PUR in her/his perspective. (i.e. <30% chance, 900km2 of PUR within 3500km2 of ENX)

It does get exciting if we were to combine other data and information, to triangulate (i.e. shouldn't be depending upon solely) and challenge the market caps of ENX and its Julimar peers.

@Beaza79, I also included OAR's data and I hope you can share my perspective too.

All IMO. Open for discussion and feedback welcome.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.509.566 von Montekaolino am 15.06.21 09:35:36

noch was

On the farm theme

Prospect "Screaming Wild Pig"

Never been drilled, probably not very high on the list of ENX opportunities, just browsing the territory.

The mag outline looks the animal. The mouth (right bottom, two red areas converging, to make the jaws and tail (the circular bright red top left, intrusion?). The "pig" is sitting on a significant gravity feature that is circular donnut-like rounding back into the next tenement to the south. Length about 6km long. A couple of sutures crossed through the middle, creating a smaller high. Eye, ears and legs running, boy? A series of round features including the tail, inside the bend of the magnetic low (blue) across the top.





Market is trying to work out the risks that can't be calculated as precisely as area, the spreadsheet is part. The recent market opinion and mine is hopefully.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.509.614 von Montekaolino am 15.06.21 09:39:13

Info

ENX Historisch - 1 Tag

[Montekaolino]

Antwort auf Beitrag Nr.: 68.509.791 von Montekaolino am 15.06.21 09:49:52

noch was


I think a better comparison table should be total "red areas" vs "market cap" to see how things might stack up.

Orange areas (redish/yellowish) should get sum credit as well.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.509.881 von Montekaolino am 15.06.21 09:58:33

HC

That is true as those red and orange bits on EM should help to identify drilling targets.

But if we are all after PGEs, all areas (green, orange, red) should be indifferent according to the below reference. (hypothesis)

"High-resolution aeromagnetic surveys can be used to map igneous layering and tectonic structures but generally do not give direct indication of mineralized rock"

https://pubs.usgs.gov/pp/1802/n/pp1802n.pdf
Page N37 - Exploration for New Deposits

Therefore, @mhkforevermci, I'm betting that the market is overpaying for those areas in red and underpaying those in green, just as you highlighted.

And hence, the reason I'm here.

But when I see @trousergecko's post, I just can't help but get excited as well.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.509.899 von Montekaolino am 15.06.21 09:59:55

Based on Page N37 - Exploration for New Deposits.....


This lead to a hypothesis that all colours are indifferent for PGE minerals - i.e. the green, blue, yellow, just worth as much as the red and orange, so they should all be worth something or nothing.

Let's take this to an extreme...What would ENX's market cap be if ENX's EM is full of red and orange on its 3500km2? The answer might offer you a glimpse of how much ENX is being mispriced currenly by possible market bias.

MAN is another excellent reference as both haven't started drilling.

MAN ~$80m market cap with 142km2.
ENX ~$30m market cap with 3500km2 (Less than half of MAN's market cap, >30x more area exposure!)


Again, based on the above hypothesis, you can already guess which one I would prefer holding.

Counter-argument - why not get both or others? (Yes, true. Therefore, I'm also holding other Julimar explorers like PUR, CPN etc.)

JLC

[Montekaolino]

Antwort auf Beitrag Nr.: 68.513.061 von Montekaolino am 15.06.21 14:27:17

noch was aus HC

Nice rise and must be due to winter rise of potato prices. I was wondering how we ended up with 3500km2 of land so did a search for Ernest Albers our CEO. Turns out he's no small potatos and he's worth about 100million. His company specialist is to seek and buy up tenaments near companies that found massive discoveries . He's ceo of oxx and pko both of which do same things. So far all we found on ENX is spuds so explain the dull share price. So we have a good potato farming leader here. We are worth over $30m in sacks of potato which IMO is as cheap as chips.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.513.100 von Montekaolino am 15.06.21 14:29:37

noch was

Geoview WA , amazing amount of info free, For those interested. Just Google and go.

The measurement is a differential from ambient earth field. No driving source. The notes say total magnetic intensity, all 3 magnetic components measured to find the magnitude at a height, corrected. The site also gives just the vertical 1VD which is useful to really zero on a magnetic target. When your above a strong target all the field goes vertical. Red as I have said before are static magnetic field highs, deep blue is a magnetic low.

The more I look of "wild pig", which I did pick out mainly because of the farm theme for fun, those circular pimples arcing across the top of the pic inside the magnetic low are good objectives, trended intrusive look, bend means alot of strain on the geology creating channels for metallic fluid flow. Tons of other leads on other tenements with geology to support, .keep a fully functioning exploration company years to map, and drill the top 10.

From metadata of Geoview describing the magnetic map
The magnetic data are generated from Federal and State government data sets acquired with a line spacing of 500 metres or less, and selected open file Company data sets at various line spacings. Units are nT. IMAGE DESCRIPTION Image files are supplied in JP2 compression format. JP2 files can be viewed using ER Viewer or various GIS applications. Total magnetic intensity (TMI) - The data are displayed as a pseudo colour image with north east illumination (azimuth 45°, elevation 45°). Values from low to high are represented by colours blue to red. Reduced to Pole (RTP) of TMI - The data are displayed as a pseudo colour image with north east illumination (azimuth 45°, elevation 45°). Values from low to high are represented by colours blue to red. First Vertical Derivative (1VD) of TMI - The data are displayed as a greyscale image with histogram equalization.

Iam no expert, long background in physics, some geophys... Understand EM very well, pluses and minuses.

As said, red in the magnetic map is mainly ferrous... Magnetite definitely in Northam Iron areas mainly and probably most other places in the terrane. Indicates upper crust activity not necessarily PGEs or any economic material. The Jury is out on how PGE express relative to these features. CHN has had good success with that theory.

Looking around Kalgoorlie Boulder, about 70% of the mines lie within 20km of a significant magnetic feature, of those about 30% are offset from the magnetic feature by more than a few km. So about +30-40% chance of finding something not immediately related to a strong feature in one of the !ost drilled areas of the world. The Super pit is not on a strong mag feature.

Good luck trying to spot Boddington WA +15MOz by its magnetic feature.

The company needs to exploit it's MC to build productive support based on lead expectation.... Next step?

[Montekaolino]

Antwort auf Beitrag Nr.: 68.513.118 von Montekaolino am 15.06.21 14:32:10

aus HC
Im no geo expert but most of the PGE finds I have been following have been old reef structures.Considering that and looking at EM surveys I think ENX's north tenaments are very interesting. The red lines I have drawn is an area where I think a old reef could have been.

POD and CHN's finds seem to go from a deep red to deep blue like a sudden drop off. EXN's northen areas seem like a shallow reef system with yellows to dark blue. If true could mean cheaper mining costs with no need for underground mining. Thoughts?

[Montekaolino]

Antwort auf Beitrag Nr.: 68.547.831 von Montekaolino am 18.06.21 11:09:24

aus HC

Got it!

1BL = 2.8km2

Hence, 109BL = 305.2km2.

This takes ENX project area to a mammoth sum of 3765.2km2!

Impressive and well done ENX.

Nice work!
That makes ENX the largest landholder in the region by quite a ways. Northam listing soon will also have a similar but not as large holding.
Lots of unexplored land . Now where to look?
You'll get a pallet of top grade spuds as a reward . Where to deliver? I'll ask the driver to dump them all on your front yard so its a contactless delivery.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.557.149 von Montekaolino am 19.06.21 10:01:07

Thanks@Black Cat.

Great insight as always and totally agree with your comment on expenditure commitments and associated holding costs.

I was curious about the cost and it looks like this is going to be about $550k for the first year (min $20k per tenement spend + rent ~1320BL under 18 tenements).

Therefore, ENX's should still have an 18-24 months cash runway if they were to do minimal i.e. just light fieldwork, rock chip sampling, prepping for the drilling targets etc. This will buy ENX more time to better understand the geology in the Julimar province through the heavy lifting done by its neighbours. Hopefully, this will also allow ENX's market cap to catch up to its peers (still got a long way to go based on the $M/km2 metric).

We can always get more money, but mining tenement seems to be increasingly scarce in the Juilmar region. As a long term holder to be, I'm pleased that ENX has obtained such a large acreage. This also implies the company's deep conviction in this area, just like many of us.

I guess only time will tell and we do need lots of luck. Best of luck to us all @Black Cat!


https://www.dmp.wa.gov.au/Minerals/Mining-Tenements-explaine…

[Montekaolino]

Antwort auf Beitrag Nr.: 68.557.233 von Montekaolino am 19.06.21 10:11:37

us HC
We still have all the pink tenements (including both north and south of Bindi Bindi) on your map according to GeoView.

Also, see below snapshots:
1. GeoView snapshot (excludes E 70/5444 and 5445 which are under a separate entity but ENX has the First Right of Refusal)
2. From Apr-21 quarterly activity report

All the land tenements are now granted with a total area of 3765km2.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.557.314 von Montekaolino am 19.06.21 10:23:55

Info.

https://www.enegex.com/

[Montekaolino]

Antwort auf Beitrag Nr.: 68.557.503 von Montekaolino am 19.06.21 10:58:44

Info aus HC
Hi @Joannie, looks like this one has the updated tenements for ENX.

Such a brilliant map showing ENX's potato lands vs. LTR's Bindi Bindi, PUR's Warrior Project (Phil’s Hill), CVV's Cu discovery etc etc

[Montekaolino]

Antwort auf Beitrag Nr.: 68.587.627 von Montekaolino am 23.06.21 09:22:38

Info aus HC

ENX had a good day Friday. Very quiet on the threads. Seriously the market cap is crazy cheap if we are basing the massive tenements on the red or lack there of EM's. They actually have a reasonable amount of red but it doesnt look like it due to the size of their holdings. Not to mention, the red isnt everything,

The company has taken its time but has not diluted holdings too much. With the directors major holders why would they.

I am loving the moves on CVV, LTR and DEV (obviously CHN started this). ENX is next door neighbours to them all, Surely a $50-100 million market cap is achievable with a sniff of anything.

First timer here on HC (long term investor) but surprised with lack of chat but I guess with the lack of volume on stock makes sense. We all know they will raise funds but I think that will be a positive, might actually add to the liquidity.

Good luck ENX investors and also to our neighbouring company investors CHN, LTR, DEV, PUR, CVV, CPN,...

[Montekaolino]

Info aus HC

ENX holders you may be interested in TRTs latest announcement - looks as if a juicy PGE anomaly is headed into your tenement.

subsequently bought in this morning.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.637.349 von Montekaolino am 29.06.21 08:29:18

noch was

Thanks for sharing @Gainzmaster5000.

It does look like both of the Western and Eastern Mafic/Ultramafic trends are running into ENX's Miamoon tenements.

This is really exciting.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.637.382 von Montekaolino am 29.06.21 08:32:11

Info

[Montekaolino]

Antwort auf Beitrag Nr.: 68.664.286 von Montekaolino am 01.07.21 16:39:55

Info aus HC

It might hit mid-20s, or even higher as many of us here believe it deserves a $50m+ market cap.

But the reality is that it might take some time.

ENX might remain at the "Stealth Phrase" for the next few months as little groundwork has been done thus far, with cropping season which hinders its short term exploration progress. The merit is that it buys time for ENX to properly plan on its exploration strategy and to assess its options and priorities given that all the SW Terrane tenements have now been granted and with more neighbouring drilling /geochem results coming through. It would be silly for ENX to come up with 20 project names for each of its tenements, but it can certainly make several projects running in parallel from its 3700km2+ tenements in the region.

Coupled with low liquidity, this might not be the best stock to trade. However, it presents an excellent opportunity for long term holders to accumulate in the 'teens before it takes off, which could happen anytime from next Monday or in a few months. This is also where "time-in-market" could outperform "timing the market", especially for stocks that have great potential, like this one.

[Montekaolino]

aus HC

Nobody is selling. Big things are expected from this now extensive tenement holding little company. Things have certainly changed in the Albers stable where nothing much ever happened was the norm for the last couple of years. Moving out of oil into minerals was a brilliant move by Albers as the dynamics of the companies have completely changed. A total paradigm shift has occurred. We now await the results of all the planning. Hold on. DYOR IMO

[Montekaolino]

Info.

https://stocknessmonster.com/announcements/enx.asx-3A570501/

[Montekaolino]

Karte wurde überarbeitet

[Montekaolino]

Antwort auf Beitrag Nr.: 68.736.074 von Montekaolino am 09.07.21 17:18:43

Info.

[Montekaolino]

Antwort auf Beitrag Nr.: 68.758.538 von Montekaolino am 13.07.21 11:10:27

noch was

[Montekaolino]

Antwort auf Beitrag Nr.: 68.758.622 von Montekaolino am 13.07.21 11:16:47

Info.

https://stocknessmonster.com/announcements/enx.asx-3A571810/

[Montekaolino]

Antwort auf Beitrag Nr.: 68.915.589 von Montekaolino am 30.07.21 11:24:34

Zur Info.

https://stocknessmonster.com/announcements/enx.asx-3A577893/

[Montekaolino]

Antwort auf Beitrag Nr.: 69.646.269 von Montekaolino am 20.10.21 09:43:29

Info aus HC

This should commence soon - one of ENX's better tenements imo...

[Montekaolino]

Antwort auf Beitrag Nr.: 69.660.534 von Montekaolino am 21.10.21 11:42:32

Info aus HC

Also noticed ENX has updated their website and great to see the company starts to consolidate their massive tenements into 6 distinctive projects.

They can probably do a spin-off at a $5m market cap each for these projects.

[Montekaolino]

Antwort auf Beitrag Nr.: 69.660.603 von Montekaolino am 21.10.21 11:47:53

Info neue

https://www.enegex.com/

[Montekaolino]

Antwort auf Beitrag Nr.: 69.660.645 von Montekaolino am 21.10.21 11:50:32

Info aus HC

For the researchers out there. IGO had tenements in the Miamoon looking for Nickel, Gold. Drilled a few locations to shallow depths with AC, mostly around 15m. Didn't spend much time or money 2007-2008, before hitting Tropicana deposit well east of Kalgoorlie and dropping the tenements. Totally distracted by monsterous find they were uncovering in 2007-2009. Very lightly touched, attracttive geogically. NOt sure even tested for PGEs.

ENX has tenements covering this area,or outside. Greenstone rip.

[Montekaolino]

Antwort auf Beitrag Nr.: 69.681.582 von Montekaolino am 23.10.21 10:51:40

Info aus HC

Also a good day here, similar to DEV in % increase. Gravity survey hopefully will create more interest. First tangible steps for our budget company, some roadside surveying and sampling, negotiations with some land owners for freer access hopefully all happening. Melbourne Geo team (why Eastern states?) hemmed in by COVID supposedly.

Very promising, in corridor CHN has marked out as prospective for PGEs and other metals, greenstone is gravity survey area. CHN, DEV and LTR all have adjoining tenements, ENX one of the largest holdings, has some nice mag-gravity feature. Cash is an issue to get exploring. A few options, rights issue so as not to dilute Albers, a farminee, upfront cash, and a very tight timeline to explore and drill on selected tenements, and sophs there must be a few brokers trying to get Albers to release more shares . IGO maybe be interested as a farmineee, has a history in this area dating back. MinRes etc... sure there would be more. Need about $2M, might be able to get a grant for some from the WA government. Prep work via Gravity, followup EM, outcrop sample... etc. So much promise, patience required, and good planning to get to that first drill to keep Albers from being diluted. I think he should be prepared to let some this baby go, for science and geology to takeover. Current strategy is wait on neighbors, maybe he is right?

[Montekaolino]

Antwort auf Beitrag Nr.: 69.897.293 von Montekaolino am 12.11.21 09:26:42

Noch was

After watching CHN operate, I've come to a real appreciation of what a professional committed organisation looks like and how it operates. None of my other holdings save one seems to be even in the same league.

I built a position in ENX because of the massive scale of its tenement holdings at a ridiculously low price. In my mind, at some point they will begin hiving off projects to companies better able to explore. Hopefully, they have the wherewithal to get good prices for the projects. I have less faith that they themselves will be able to bring a project to anything close to fruition. Perhaps they will, but I see it as less likely.

Anyone else thinking anything similar?

[SmallCapTrade]

Homepage wurde angepasst und der Chart sieht nun auch wieder besser aus:

https://www.enegex.com/

Chalice spricht von der weltweit grössten Nickel-Entdeckung der letzten 20 Jahre resp. der grössten Nickel-Entdeckung in Australien ever. Somit könnte das Gebiet noch viel grösser sein als bisher gedacht was dann für ENX sehr spannend werden würde.

Alles noch günstig und sehr früh. Daher auch mit erhöhten Risiken da ENX bisher noch kaum Ergebnisse präsentieren kann. Sie haben nun aber ihre riesigen Landgebiete in 5 Teilgebiete unterteilt inkl. Namensgebung. Ich hoffe, dass sie diese Projekte je einzeln an Joint Venture Partners ausgliedern und diese die Kosten übernehmen werden. Falls dann eines dieser 5 Projekte einschlägt und ENX noch 25% oder so davon halten wird, hätten wir hier einen möglichen 10-Bagger. Aber wie gesagt, alles sehr früh und riskant.

Alles nur meine Meinung
Viel Erfolg
SmallCap

[Montekaolino]

Antwort auf Beitrag Nr.: 69.897.845 von SmallCapTrade am 12.11.21 10:04:41

Info aus HC

Zooming in on just the extreme west side Miamoon , where the Gravity survey should be producing results. Marking out magnetic trends from Geo view, and pinpoint intrusions. CHN (Chalice) to the north, TRT to the south working their trend with a significant drilling campaign. A promising area.

[Montekaolino]

Antwort auf Beitrag Nr.: 69.968.351 von Montekaolino am 19.11.21 11:41:52

Noch was

Thanks for highlighting those areas @trousergecko!

Also, we should be expecting the Airborne data to be processed soon? Hopefully, this will help narrow down to a few initial drilling areas. This will certainly trigger a re-rate also. With a current market cap of $15m, there's still plenty of potentials to grow 2x-4x up until drilling start next year, considering TRT is now back to $51m market cap., PUR $33m and DEV $146m.

[Montekaolino]

Antwort auf Beitrag Nr.: 69.968.384 von Montekaolino am 19.11.21 11:44:22

Noch was

Hoping TRT come up with the some good hits in their current drilling campaign, further south but on trend. The trends marked do follow on for TRT, clearly been buckled by the circular magnetic area to the southwest.

CHN lease tightly all around the Northern extension of ENX is very encouraging

[Montekaolino]

Antwort auf Beitrag Nr.: 69.968.411 von Montekaolino am 19.11.21 11:46:28

Info.

https://stocknessmonster.com/announcements/enx.asx-3A581908/

[Montekaolino]

Antwort auf Beitrag Nr.: 70.013.488 von Montekaolino am 24.11.21 10:11:05

Info.

https://stocknessmonster.com/announcements/enx.asx-3A581907/

[SmallCapTrade]

Montekaolino, noch dabei bei Enegex?

Gibt es spannende News aus dem HC Forum?

Viel Erfolg allerseits
SmallCap