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Did any one re read the tweet yesterday looks like it was edited as i copied it as it was and now it says
Very pleased to be invited by UK Govt (D. Int Trade) to the bilateral ‘greening’ mining seminar with Spanish Government. Toral Pb, Zn & Ag project to establish a low carbon, supply transparent ESG prod. Profile set against evolving metals industry. More to come
This says something different ESG https://www.cfainstitute.org/en/research/esg-investing ESG Investing and Analysis CFA Institute has been driving the consideration of environmental, social, and governance (ESG) factors in financial analysis. ESG analysis has become an increasingly important part of the investment process. Investors are incorporating ESG data into the investment process to gain a fuller understanding of the companies in which they invest.
Teaye I think Grappa has now gone into hibernation now until 2025 :) Each to their own strategy and all that but I don't see the point of leaving your money at risk in a volatile sector if you don't forsee any reward in the nearer term. Even if the stock price holds it's own the affect of inflation will erode the value of your cash while all the time there is the risk of dilution and at worst EUZ becoming insolvent and losing everything. I think most of us are here because we know the market always looks forward and we don't need to commence production to see the value in the ground begin to be realised in the Mcap. The evidence of the last couple of years has shown that consistently good work hasn't achieved that against a stranglehold of funding fears. My hope is that all the positive op's are getting stored like an elastic band getting stretched and stretched - reveal a good funding solution and the long awaited slingshot will be upon us, anything that erodes PI's holdings and I think trust will be irrevocably shattered and it will feel more like an elastic band snapping. So for me it's still high risk / high reward though the balance is being methodically tilted in our favour, we just have a few more op risks to overcome and of course deliver on the funding.
FFS! Moneymaker I recommended your post last night. It made sense and solid but now comparing to ARB is nothing but desperate and Bitcoin there is no comparison. Bitcoin is global and a culture change from centralised banking. Christ I need to find a new board with investors not story tellers!!
@shed i am presuming it is going to be Government backing us and not a private institute... i believe it will come too much noise about job creation, deliverable mines etc etc if something wasnt in the pipeline...This happens in so many shares i think it was ARB before they went to £2 it was a dog of a share blah blah blah all of a sudden BOOOM news hits everyone jumps on...Bitcoin no one wanted it at $4000 Elon announces something and at $28000 the herd arrives ...LOL
interesting the under £50 share buy has jumped us 5%
No Teaye it could even just be LR attending a mining seminar which is what it says after all :) Not deliberately raining on your parade Mm's but I note the first tranche of Spain's Covid recovery plan isn't likely until December, surely the 'value event' needs to come before then? I suppose that doesn't mean it's impossible that we could get news of an allocation before then. Anyway I'm starting to irritate myself over this flippin value event so apologies to the board generally.
very pleased to be invited by DTI to the bilateral ‘greening’ mining seminar with Spanish Government. Toral Pb, Zn & Ag project to establish a low carbon, supply transparent ESG prod. Profile of strategic importance set against evolving metals industry. More to come
Thanks for the reply Bricks, now about the major value event, the equity fundraising last August’s RNS had the words pleased to announce in. So hopefully it’s a positive major value event for shareholders!
Hi 10bagger....the way I look at it is that MC had the balls to say it in the last RNS.....I hope it’s a bit like telling your child you will buy him or her an ice cream....they expect that you mean you buying it....NOW !! Lols....my guess is fairly soon as in months.
Thanks Philo for ur response...whilst I agree to an extent...ie PIs may not look at a balance sheet...they go with the herd...:-) the understanding I have is that Corporate investors would look at a balance sheet of any company they would be investing in...for me the new accounting reporting regulations when it comes to explorers is a ground breaking moment...and I feel is definitely part of or plays a role in the anticipated value event. GL though and I’m fairly certain we are in the right place at the right time....as is EUZ.
SRK has estimated the Mineral Resource as at 1 July 2017 in line with the JORC Code (2012) and included it in the Macedonian Competent Person's report available on the Company's website. The Mineral Resource is shown below inclusive of reserves.
Bricks, I am a CA, who spent a number of the years in the broking industry (should but don't know the answer to whether these costs can be brought onto the balance sheet). But either way, I don't believe it will make any difference in a valuation sense. Ie. investors are focused on the quality of the project, not whether it is reflected on the b/s) I do think the PFS will lead to a significant rerating, given the increased certainty of the resource. I also think a value event is coming, because it should be simple to convince interested parties, that this asset is worth a lot more than £5m.
Philis particularly as some of the current work with the ore sorting is to bring in zones previously thought uneconomic to mine. Does anyone know what the reserves were at SASA when it was sold in 2017? I can only find the production figures, which is a reminder that the mine was 100% proven as economic when it was sold, so we need to deduct for the remaining risks, and of course CAPEX as mentioned, though it isn't $120m for setup, that's nearer the LOM CAPEX ($130m) the upfront to production CAPEX is $80m.
For those that dont understand what indicated mean
Indicated equals somewhat well defined resources which have a high certainty of being there but are somewhat less reliable than measured resources as drillhole spacing is much greater than in an area of measured resources.
Bringing it together Toral is a deliverable mine as LR has said either way some major will want this resource and theres 1100 hectares weve only done a mere 30.
Yes bricks ill be conservative with 3.8 million lets say its all there and we get this out the ground to sell at worse case scenario $2500 $9,500,000,000 on zinc alone ill take off a mere $120 million for setup...Could we really sell this for the price of the Sasa mine?? at a bargain price??