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Well...I am...I have been around long enough to know that no news is not good news.....after all this is AIM....very fickle indeed with MM's still "operating" in their own interests. I sincerely hope new JORC arrives soon to put an end to this madness.Grossly under valued in everyone's opinion yet MM's think otherwise...DYOR.
Yep. Could be any day soon. I'm not bothered if we don't get news early but within original deadlines. More time to build.
Gla
Guys...LR posted this two weeks ago on Linkedin.....am I reading it right?....IMO this should make it due any time any day very soon....IMO....GLA.
" In this age of wondrous technology this week at Europa Metals we turned much of it off and think a couple of weeks have been saved just by getting everyone around the same table for four days. Spanish Geological team led by Luis Perez, pictured right, attended a four day workshop in our shared London office with independent resources consultants AMS and Myles Campion. In addition to looking at how recent assays will inform a potential jorc resource update from the Tora project (lead zinc and silver, Spain) there were also sessions on the wider picture of the mineralisation and sub surface events." #zinc #drilling #silver #assays #copper #lead
I am assuming that the mining licence cant go in until the change of use application has been passed, which I seem to remember was lodged last September ? The applications tend to take 18 months, so that means April, which will time nicely with the (hopefully) updated JORC, rising share price and further copper news. For the first time in some years things seem to be lining up here...... Im hoping LR gets the 'stable SP' he was hoping for by the time bidders start lining up.
I should add that my estimate ignores any copper credits. That would put this in a different ballpark. Yes, BB you’re right about the costs. GLA
I posted this back in August......
" have nothing to do I would revisit the inferred numbers........
640K Tonnes Zinc ($2255 per T)
510K Tonnes Lead (£2038 per T)
26 Tonnes (13m oz) Silver ($18 per oz)
Estimated in ground value $2.69 b
Estimted total CAPEX $110 m (assuming includes $25 per T processing cost and $35 per T mining cost)
Resultant estimated in ground value $2.58 b
12 billion shares in issue.
95% knockdown sp = 0.88 pence "
with 33% more shares in issue now then 0.66 pence...........I would take that :)
@ Bobby...at todays prices about 3,000,000,000 valuation of resource in the ground is spot on....
670k tons of zinc @ $2440 per ton = 1 634 800 000
540k tons of Lead x $ 2177 per ton = 1 175 580 000
13 million ounces at $17.60 = 228 800 000
Total……. = 3 039 180 000
However I agree we need to take costs etc into account hence my easy method of two more 100% dilutions....which is a guestimate like anyone else's I guess :-) and hopefully this will cover costs....
At those types of figures there would be quite few millionaires on this board but ud'e need nuts of steel hold out for that sort of sp anythg north of TP valuations would be nice going forward .....gla
@ Meno...you are correct with the 3,000,000,000 evaluation.....SP I have slightly different outcome....based on my calcs...
Current Shares in issue…..16,555,542,985
Potential value per share $0.18 as of today which is....14.2 pence
Assume another 100% dilution again……value $0.09 per share…
Assume additional fund raising required at some stage ….another 100% dilution….$0.045 per share which is 3.5 pence.
....a very far cry from where we are today and that’s assuming a 200% dilution .... like a worst case scenario !!
Just a reminder amongst all this silliness:
when Toral becomes a mine we are estimated to have:
1 608 000 000 Zinc
1 080 000 000 Lead
221 000 000 Silver
Estimated Total value $3 000 000 000
Potential value per share: 4.7 p
(that takes into account recent dilutions)
So, lets keep our eyes on the prize
GLA
I wouldn't worry about Shed. He panicked aplenty on the drop, told me I should basically move on and stop 'torturing' myself even though I'm so underwater with this wretched, stupidly-run company I'm not about to just drop all and comply with someone who thinks texting whilst driving 'on the road' is the done thing.
And if we're mocking peoples sexualities in 2019 then there are board rules about that sort of nonsense. So yeah, don't worry about Shed.
Thanks for replying Bobby although i was hoping for a more europa metals related answer as your recent answer hasn’t really provided any reasons to sell aside from your personal life.
Thanks anyway
In response to shed: I’m not gay so will not be proposing to Bobby if he is gay then that’s his right and I will not dismiss his stock market advice based on his sexuality. Unless I’m shown there is statistical evidence they are inept at the stock market and so far I’m unaware of any.
In response to oiltap: Looks more like you may have been right after all time will tell.
In response to whoever said “Couldn’t give a flying ****”: I happened to find it of interest why he sold his shares. Your response well it’s a bit like you being down the high street and asking one your friends/relatives if they’d like anything for Christmas and then me turning up and shouting as you put it “I couldn’t give a flying ****”
Also you seem to be contradicting yourself in the same post on the one hand saying along the lines of why would I care about someone who’s sold out after losing 55k and then saying you respect his decision.
Well to be fair to you I could be wrong as it’s late and I’m tired if I’ve made any errors perhaps you’ll be able to explain them to me in good time.
That’s me out of being active in the EUZ BB unless I buy back in so cheers to all those who contributed anything decent.
Haha !!
Got to agree about a nice way to go into the weekend.
Charts are going crazy ! - Starting off this morning with the 'sea serpent' , then moving up past .03 into the 'mystic unicorn' and then the 'camel' took us into the all day high of point .034 and then dropping a touch Into the 'crouching tiger' ready to pounce into next week!!!
Gla
In my opinion the JORC won't arrive next week, or imminently, thats what some people have been saying based on a tweet from LR, but it shouldn't be taken literally. Id give it at least two weeks from here based on what the RNS's say. Good day, and a healthy bit of profit taking at the end doesnt seem to have deterred the direction this is going at all. I can actually MEAN it when I say I really wouldn't want to be out of this at the weekend ! GLA
Certain a five bag minimum on good Jorc. More depending on 'how good'...imo
One word: Ripe!
I'm hoping this trends upwards now up to the Jorc results and then moons on the news. I read someone say they calculated a 60x undervalue of the company. I don't know if I'd go that far but I am sure there is potential massive upscale from here. GLA
Totally in agreement with you Oiltap.
Puddy. A big fat NO
TODAY
applegarth, he can't be that skint if he can afford 12 shares.
I've got so little funds available that 1 share would stretch me to breaking point.
12 shares is a skint trader trying to get lucky....LiL
Buys 12 shares, (surely) that must be mm secret messages.