ENEGEX LTD hat Gebiete die 200 km um die Ni-Cu-PGE-Entdeckung in Julimar liegen (Seite 5)

[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.

[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.: 68.491.235 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.

[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.: 68.489.177 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.: 68.488.664 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.: 68.488.643 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.: 68.488.625 von Montekaolino am 12.06.21 09:35:03

Map here for you guys

[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.: 68.483.873 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.