Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks for letting us know - should we follow your lead?
Got my 1k this morning will look to add over coming days
Surprised my kill or fill order at 2.70 wasn't filled 1k
.... sorry should have been clearer - a NEW PEA appears not to be a requirement for the MLA to go in. They could of course make the application with the old PEA on the understanding that a new one is pending.
I've never been sure about that to be honest. In the last presentation it doesn't say that the MLA requires a PEA simply CAPEX and OPEX figures close to a PFS level of detail. In the last RNS it says that the only pending requirements before sending the MLA is the final environmental report so on the face of it the PEA isn't needed for the MLA it turns out.
Morning Shed, going back on BricksSA point about BFS, the MLA almost complete and the new PEA (which I am also positive on) the authorities will need to see the viability of the proposal (I don't think a BFS is required). Will the new PEA be part off the MLA.? Once a ML is given to EMI they would not take it away either IMO if the funding proposal for the mine changed.
CHRI5P I do think they will want the new PEA as soon as feasible on the basis of what has been achieved since 2020. Most notably for me - ore sorting proving that early years conc will now be economic which should bring down the payback point plus reducing plant size. Record grades of Zn in 2022 and now our highest silver. Completed metallurgy which wasn't in the 2020 version reducing economic risk. Completed hydrology, completed geotechnical surveys and now completed environmental reports. So the new PEA will be pretty shiny compared to 2020.
Shed the most interesting thing is that we have not produced a new PEA. I speculated 8 weeks ago that the November 2020 PEA could be used because it show the viability of mining Toral with a 4 year pay back.
Exactly Shed, I have owned and researched hundreds of companies and not one of them get a BFS before a Mining Licence in fact quite a few don't even get a formal PFS. As long as all the questions are answered to the council's satisfaction.
That’s it Shed and Chri5p keep em coming. You’ve got everyone fooled this is a real company and it’s actually going to offer share holders a return one day….
Not
Just thought I'd post this as I missed it while skimming the last RNS. With reference to posts questioning requirements to lodge a MLA, "The Company's mining licence application process has been progressing well with 95% of the requisite reports completed and submitted to the Regional Mining Authority, with currently only one environmental report outstanding that is in the course of being finalised". I do think Bricks raised a reasonable topic of discussion with regards to bank guarantees but I certainly can't find anything to say you need this before a MLA. In a way it would be putting the cart in front of the horse, in that wouldn't an investment bank want to know you're permitted to mine it before committing funds rather than commit funds prior to a MLA?
From what I have read over on Denarias we are looking at approx 2 more years before we go to mine.
Think I will put this share back in my safety deposit box rather than my bottom draw.
Saving it for a rainy day.
I'm also eagerly anticipating the new PEA CHRI5P, when you think that the old one took no account for the fact that we have since proved that the upper siliceous levels can produce a high-grade concentrate as well as the deeper high grade zone. We have also had the record grades at TOD-042 in 2022 and now elevated silver. Certainly the numbers are going to be transformed.
A price 30% higher than the current SP at .6
Agreed Shed but they are the ones taking the funding risks. They have 40% more warrants to be exercised at a price 30% of the current SP. Most companies issue warrants for future funding needs. The ML being agreed is massive for EUZ and the risks will reduce relatively. By the way Shed you read the RNS's like a Hawk and I am pleased you post sensible comments.
Denarius have just raised another CA$20,000,000 to fund initial construction of their Zancudo Project in Colombia. I would have thought funding for at least Option 1 of Toral will have been set aside from their RI and placement earlier this year. Interestingly they mention that the Columbia mine should fund their "Larger polymetallic projects in Spain". They only have one other project in Spain so I think it's fair to assume that we're included in that strategy.
It is my opinion that Denarius will not lend EMI anymore more money until the ML is agreed because without it Option 1 is not worth completing for Denarius and EMI is worthless but it looks like the application will be made in time.
You said it BricksSA 'limited knowledge'
Denarius currently own zero % of EMI and they do not complete option 1 they still will have zero %. Denarius will wait to lend the outstanding $2. 2 million to EMI until the ML is agreed next year to do more exploration on Toral. If they do not fund the full $4 million to be spent by EMI they will own zero of EMI. I hope they can raise the money but if they do not EMI will have the ML who would be 100% owned by EUZ. BricksSA for crying out loud read RNS's it is all there.
Chrisp I honestly think you need to do some more research on MLA s in Spain.
From my limited knowledge ….the Mining license applicant needs to lodge guarantees with the Junta ….these guarantees are commonly known as Bank guarantees. Now where on earth would little EUZ without Denerius source these guarantees from without a BFS.?
Absolutely not wishing for it but making a point that Denarius need to raise the next $2.2 million and they would have already given us $1.8 million and we will have hopefully a mining licence with more resources especially silver.
But then we are back to square one with a lower SP and Myles will have to go out begging again but our bargaining chip is lower. We will end up with a worse deal than the one we got with Denarius and that was is bad enough for LTH.
Be careful what you wish for Chri5p we are still on a knife edge.
I am so grateful Denarius raised a load of money at the beginning of the year. Thier SP is now struggling. If Denarius can't raise more to fund Option 1 we keep 100% of EMI. All the risk is with Denarius.
Always a sign of an under performing stock when the bickering start. Its been tumbleweed for the last 18 months and now we have chat activity it starts again.
Suppose better than radio silence.
Even more waffle that will prove to be…worthless. Rather like this stock. Utter rubbish
So put that in your pipe and smoke it !! ….-) -)