Europa Metals Share Price (EUZ)

Martina,

having previously been on site, do you have a view on what has been drilled - on which they can prepare a JORC verses what they have yet to drill - at depth - and along strike and multiple directions? Page 5 of the http://www.europametals.com/site/PDF/2836_1/LeadZincSilverdevelopmentSpain

and therefore what this means for potential size of the asset?

It seems as though the EUZ "Sister Company" BZT (also run by the Laurence Read.ColinBird duo), is having a better day , today, as well, as peeps pick up on the potential size of their Mankayan Copper/Gold resource.

Lets hope the EUZ SP gets a similar treatment, when folks finally realise the true potential of the Toral Asset, in relation to the current lowly SP. 20 MT plus , in the combined Zn/Pb/Ag resource, and hopefully some of this moved upto "Indicated" status would certainly attract the interest of 3rd Parties.........

IMHO. DYOR. GLA.

Your time and patience is much appreciated, Thankyou

Toral had always been seen as a poly-metallic mine - with zinc lead silver. However the JORC 2012 in January this year was the first time a silver credit had been allowed after sufficient work. A silver credit is important for the forward selling opportunity to help finance the build of the mine. It's a nice by-product to have!

The previous owners had a NI 43-101 (Canadian rules) of 8mt split 50:50 inferred and indicated. Further work by EUZ has seen this grow to 16mt and then 19mt (JORC 2012 ASX rules) . Increased tonnage = increased probability of taking it to mine if the grade, jurisdiction, infrastructure etc all meet up - a perfect storm - because that is the type of asset third parties get interested in. We now need to start moving inferred to indicated resources to improve confidence in the resource.

How large an asset could this be? I have an opinion - but best you make your own mind up.

HTTPS://www.**********.co.uk/members/laurenceread/ just posted a sqawk.