Oils...your statement...investors will never get paid back what was spent to date does not sit well with me....I do however understand the point you making....guess I will just have to hand out free eggs at the racetrack offering a hundred quid to anyone that eggs CB....free pies in LRs case....I hope we both got this one wrong GLA.
Indeed Sheds...LR is on record saying the developer or future developer of the mine will be looking for Cu....to me it appears they already know to what extent it will be mined..but yet shareholders don’t....or are we missing the obvious here . ..Lundin is on record as well saying they want another Copper play but lead and zinc will also do....IMO
We already have an indicated NI43 101 report on Cu. My feeling is if they can target the High grade areas for lead zinc and silver they can do the same for copper. In addition the Jorc code as far as I am aware is an Australian mining code. I doubt very much whether EUZ Iberica Spain actually even needs a Jorc indicated Cu resource if they have it in NI 43 101 report. Very intriguing journey we are on with EUZ. IMO.GLA.DYOR.
WA seem like the common factor to both EUZ and Lundin....and yes you are spot on...exact same mineral mix....so definitely got the recipe to unlock to maximize recovery yield.
Unfortunately its anyone’s guess exactly at what stage they are ito negotiations so hence few weeks/months. This has been kept a “secret” intentionally imo. We also know the data room is open and we also know EUZ has been talking to the industry. I suspect though we “have landed with our a**e in the butter”….due to the urgency both from an economic revival and local job creation point of view. Plenty miners in the region champing at the bit as it is in a historic mining area. I also think with EU grants becoming available EUZ Iberica is in line to benefit immensely. I am also of the opinion that a “late player” has emerged on the scene…thinking about a possible “nationalized” government owned mining scenario…. and could be the cause for the delay in any announcement. Anyways no news is good news in this case. Hang in there. IMO.DYOR.GLA
Hi 10 Bagger.... I am of the opinion that we will see closure in one form or another very soon...I am leaning towards a sale of EUZ Iberica Spain within the next few weeks/ months....and yes..Im with you...its been a very very loooong tough ride to date and we have come a long way. I am also looking forward to closure as this is by far my largest ever investment and in addition had my money tied up for the longest period. With FCR/EUZ it has always been a question of whether one trusts the BOD ....as the asset is well proven by 3rd parties. I have thankfully and fortunately stuck with them and put my trust in LR even though the jury is still out on him with the last placement debacle.I have questioned him on a number of occassions and as he puts it to me..."rightfully so..." I see the finish line....and have a lot of confidence he will pull us all over the line ..hang in there mate. Christmas will be coming early this year....even though 2020 will be recorded in history as the year very little happened....IMO.GLA.
"Jesús Montero is Mining Engineer with further specialization in mine planning and design and Project appraisal. He has over 16 years experience in mining industry from exploration to production stages. Mr Montero has been involved in the design and development of two flagship mining projects in Spain: Berekely Energia Salamanca and Cobre Las Cruces".
Cheers Teaye for helping me and sharing the detail...appears like two "markups" take place ito the transaction. I will do some research to understand it more but I now have some form of a baseline...:-$
Yep..that is highly likely...Teaye please check your transaction yesterday and let me know which platform showed it correctly...ie the amount that got debited to your account...Tks...:-$
Thanks Ryan. Im going to include this aspect now in my research as it appears "very strange" in my eyes as to why one would want to report the same transaction with different amounts on two different "lse" platforms...From my perspective being in financial services industry for many years this is the first time I have seen this....maybe a bit more behind this than meets the eye...Im going to be doing some "digging"....GLA.