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Just to repeat
CAM worth $402M similar grades to us (quote MC)
EUZ worth $8.4M our grades could well have surpassed theirs by now
Lots to look forward to, I hope they've a JV line up or better still buyer
GLA LTH
Yep, its the potential upgrade to Indicated, or even Measured status that really counts. Look wot happened @ Arizona mining after that happened..........! Current mkt cap is a joke in my view, but its currently the same all over Aim, thanks to Donald Toupe & the lies told by the BBC & the Guardian about Brexit. IMHO. DYOR.
Just re-listened to LR on the Vox podcast (28th Sep) and after being cautioned by Justin Waite about boxing himself into a corner with timescales, the words he actually used were, “Honestly, I think it’ll be done by October but I'm very aware I've just promised one thing and we haven't managed to get it out”.
Since then they'd have had extension drilling results coming in and given they've delayed to fundamentally 'optimise' the project, it takes little imagination to believe that they'd incorporate those results into the SS so it could be mi-November before it's published (maybe).
Whilst technically they're delivering a scoping study, it's a bit more turbo charged than that and probably more akin to a pre-feasibility study so should get some fairly solid numbers and act as a great advert for investors and buyers alike.
If a quality, turbo-charged SS comes with a resource upgrade, what sort or mkt cap would that justify compared to our current £6.5m.
Throw in a buoyant market in zinc of late and we're set for an interesting four weeks IMO.
Yes, it’s very important as time goes on and investors get bored, to reflect on some of the fairly obvious benefits of patience. Rome wasn’t built in a day and all that. But, seriously, the upside of this is so astronomic.
I think that Laurence underestimated the task of correlating the samples for the SS. In his interview on Sept.20 he clearly states the SS will be out by the end of Sept. but on Oct. 3 a post hints at a rather different timescale and the laborious task at hand. I’m happy to be patient on this, but expecting it any day now.
For those interested in such things the acquisition of the Hermosa Zn/Pb mine owned by Arizona Mining and recently bought for $2bn cash by BHP Billiton offers a very good case study of how a Zn deposit is developed, proved up and then ultimately financed. Clear pathways for EUZ to follow. Good reading for LR/CB as well ?
Of course it also helps if you have a 100m tonne Indicated and Measured Zn/Pb deposit, as Arizona did........! But, scaled down to Toral's level, it could still prove interesting to the likes of Mid-Tier mining companies such as Boliden , Lundin or Teck.
We shall see.
IMHO DYOR. GLA.
Correction...The rest is not word for word....The Bezant website refers to the old Jorc report. The EUZ to the latest Jorc....so this is not at all copied and pasted from EUZ website....strange.
Europa metals website....In September 2018 we published a JORC
Bezant website....In January 2018 we published the first JORC
The rest is word for word.....weird that the date was somehow not copied and pasted....
Good question....got no idea how long the "mistake" has been published...maybe someone has a way of determining...
Lol...Did not know they were related....If the SS is SP price sensitive then the delay in publishing the SS is also effecting the SP. Imagine the SS being purposely delayed to keep share price down and then an announcement Toral has been bought by BZT !!
I think they might all be locked up and the key thrown away !!
More like a confused website developer....this is actually pathetic. Someone should have QA'd before he published it !!...Huge mistake IMO.
They've copied and pasted the code from EUZ website, just quick way of building a site - but they haven't dropped in their text. Should really be checked on a staging server before it's launched.
Clearly LR is in HK promoting BZT which is fine. On his return he'll no doubt press the button for the SS release plus extras. Just posted on the BZT chat that their website features Total, see link below:
http://www.bezantresources.com/company-overview
Needs to stop spinning plates and concentrate on one or the other.
Same website builders, same management.
The below is cut and pasted from the RNS 4th October......No dates are mentioned. Trust this manages expectations :-) ....Everyone is just waiting.......
"The Company is now working closely with AMS to incorporate the new data from its recent JORC (2012) resource update and other workflows in order to complete the scoping study and a further update will be provided in due course."
Please correct me if I am wrong, but didn't LR state that he was attending the https://www.weare121.com/121mininginvestment-hk/ in Hong Kong this week and I doubt that there would be an announcement whilst he is there. GLA Verbs
I wudnt bank on October chaps - it will come when it comes.
The last Proactive piece I listened to said "in the December quarter", for what that is worth.......
IMHO. DYOR. GLA.
He said October in an interview with Justin Waite 3 weeks ago.
Well not sure spread benefits anyone as volume very low today so little money for MMs. Almost seems they want to kill interest here though.
Should land any day now as they said October
When are we due the SS now after the end of Sep was missed?
For MMs. Only a problem for us if/when we buy / sell.
Yes, para by MC in the 4th October company RNS pretty much says it all.
In stage 2 they are looking to concentrate on the "Core", high concentrate area, and define the boundary and depth of that area. A truly deep hole has never been historically drilled by any of the many previous licence holders. It is highly likely that this will then form the future basis of the resource that is classified in the "indicated" status. MC has stated that this is all ahead of schedule and that they are VERY interested in it.
My owns view is that there may be a number of different Sphaleite lens systems , extending at depth , beneath the near-surface mineralisation, which has recently been proven and which all of the historical miners missed.
I don't have a clue as to the ultimate size of the resource, only to say it could easily be 20 M tons plus, which would make it a "World Class" asset, such as those at Navan & Lisheen , in Ireland.
Of course, the really skilful bit will be raising the finance to get it all out.................. !
IMHO DYOR. GLA.
.1060/.1220
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.
HTTPS://www.**********.co.uk/members/laurenceread/ just posted a sqawk.