RE: Eris22 Dec 2018 18:03
It’s goind to have to come off, because Scandinavia is an absolute graveyard for mining companies.
The bod have been a complete shambles this year. We’ve a CEO in name only and a bunch of directors who’ve decimated the share price and then failed to provide investors with any support or assurance.
However, you’re right: Abbeytown may save the day. My biggest concern since first looking at ERIS wasn’t the bod or the cash burn or the shambolic share performance, but was that zinc prices have been absolutely tanking. Copper prices haven’t fared much better. However, Donald J ******** will get the boot sooner or later and commodity prices will recover. So, rather like Jeremy Martin’s other venture, the company have to be looking 24-36 months ahead on metal pricing.
Do you have anything verifiable on the resource estimate timescale, Maestro? Far as I can tell, this is first pass drilling. I don’t see how they could come to any kind of realistic resource assessment after so few holes in the ground? And, not only that, but they’ll need it independently assessed for Jorc purposes.
It’s not my area of experise, it’ll admit, but this feels a longer road than that.
Did enjoy the baa baas selling yesterday. Below cash position. No doubt having bought above 8p. Quick route to total wipeout.
ATB