Member Info for BricksSA

APologies...may have worded the below incorrectly.....TORAL has 2 minerals in abundance !!! Galena and Sphalerite.
Currently 16M tons expected to grow to between 20 and 24m tons with updated JORC due soon. I expect it before the next AGM due 5th November in order to minimise the noise at the AGM which no doubt this year will be feisty with DB being present.

FWIW.....EUZ has two minerals. Galena and Sphalerite.
Galena, also called lead glance, is the natural mineral form of lead(II) sulfide (PbS). It is the most important ore of lead and an important source of silver. Galena is one of the most abundant and widely distributed sulfide minerals. It crystallizes in the cubic crystal system often showing octahedral forms.
Sphalerite is a zinc sulfide mineral with a chemical composition of (Zn,Fe)S. It is found in metamorphic, igneous, and sedimentary rocks in many parts of the world

I also think Matrix is right.....I certainly have been around the block a few times starting in FCR days so history I would say is certainly NOT on my side. I would like to forget about it !!! Lead and SIlver as far as I am aware will be extracted together as they belong to the same mineral group. The separation process is what I thought they were referring to. ie they will not be separated and "sold" together.

Thanks Oiltap. I have done so and published in one of my previous posts....I also expect increase in tonnage when the new JORC report is published. Was just trying to understand why all of a sudden everyone is interested in a bite of EUZ....The RNS is excellent and had a re read thinking I maybe missing some finer detail that others may have picked up on. What I did find however is that it appears that the Lead and the Silver will be bundled together in a single concentrate. Check page 11 on the link I previously posted. So I doubt Silver will be included in the next Jorc .

@ Oiltap.....check page 15 of this presentation and see if you can approximate strike length....
http://www.europametals.com/site/PDF/2894_1/EuropaMetalsUKMay2019

With all the new comers on the BB and the free float diminishing rapidly as per RA1 I revisited the latest RNS to see if I had missed anything obvious......It talks about "significant mineralization" and this is used even in the title of the RNS.
Can anyone tell me how many cubic metres of significant mineralization the below comprises of ?
- 12m intersection of visible mineralisation identified (approximate true thickness of 8m) in contact zone
of the main mineralised horizon at Toral which supports the Company’s theory of a high-grade plunging
shoot in the core of the deposit
- Two further occurrences of visible mineralisation identified in the hanging wall, approximately 20m and
80m respectively up hole from the main contact zone

I agree....and check your decimal place :-)......lol

I expect a few TR1's or at least 1 very soon...High volumes traded the past few days and I agree with Oiltap....someone buying big time behind the scenes.....

@Matrix....also if I remember correctly when EUZ closed on ASX they offered shareholders in Australia the ability to transfer their shares to JSE if they had accounts in SA.....so many of them could have done this....my brother being one of them.

@Matrix....with the last placement which diluted all of us EUZ said 6.3% of the shares were on the JSE.
This now makes it 754,543,208 shares which is 6.3% of the 11billion odd shares in issue.
I have 120M. Afircan Pioneer has 131M so over 500 m now held by others in SA.

@LKC....JSE only operates as you are well aware in whole numbers and not decimals...So someone must have had a sell in at 2c and someone else bought at best when there were a few available at 1c and it most probably over flowed and a partial sell at 2c occurred. Its a guess though but at the current price on LSE we are looking good as it now almost 0.08 of a cent.
I notice 93m available at 1c on JSE at the moment.....

@les ...Yep.

With Thanks to Research Analyst 1.....So expect more action guys......
"Now, the ‘breakout point’ of 0.0337p is the point at which EUZ’s share price destroys the first real resistance. Technical traders typically open LONG positions after a share price breaks above a known resistance. Why? Well, once EUZ’s share price crosses 0.0337p, the stock ushers in a major new upleg that runs to the next resistance level; in this case, 0.0613p. "

For me it has to go to 0.0010 for my break even point.....

and it looks like the herd has arrived....or is it something different perhaps ...a top up for TP and or DB or perhaps another player ?

@ LKC 0.00095GBP = 0.0177073 ZAR Soit will be almost 2c then....

@Sched...you are correct in saying lets not raise our hopes too high....The two known minerals are Galena and Sphalerite. Correctly as you point out it could be the high grade of these two minerals. Interesting though that Galena is an important source of Silver....Have a look at the first page of the link that Oiltap posted to the presentation. These two minerals are clearly mentioned.
Galena, also called lead glance, is the natural mineral form of lead(II) sulfide (PbS). It is the most important ore of lead and an important source of silver. Galena is one of the most abundant and widely distributed sulfide minerals. It crystallizes in the cubic crystal system often showing octahedral forms.
Sphalerite is a zinc sulfide mineral with a chemical composition of (Zn,Fe)S. It is found in metamorphic, igneous, and sedimentary rocks in many parts of the world

@Nige...The NPV will automatically increase when the resource is taken from inferred to indicated as the risk is radically reduced for any buyer....The question is by how much.....I have a presentation done by Justin Waite but unfortunately cant post pictures here...however the Vertical axis is Increasing Value and the horizontal axis is the phases of Exploration, Scoping/Study , Pre-feasility Study, Feasability study, Construction and Operation…. One can see one of the biggest value growths is when the resources move from inferred to indicated...so my belief is the NPV should at least double.

Everything points to things being put in place "in a hurry"......The next AGM is scheduled for the 5th November so I suspect before then......To answer your question..."How much will the shares be worth " ? My belief is the sale of Toral will make the SP irrelevant as one will get a "special dividend" based on the selling price of Toral which I have already estimated. This IMO is the slingshot LR refers to and his statements already placed on record as regards the SP on EUZ.... This is my opinion only and I am a private Investor that owns 1% of EUZ.

Imminent sale IMO as well Oiltap…..Here is my logic.
The seemingly hasty plan to move the license from exploration to exploitation phase….(Validity was 30 days) This is a pre requisite for any sale in the mining industry. Once this is attained deal will be finalized IMO.
Current NPV $110. (based on inferred) They are expediting taking the resource from inferred to indicated thereby decreasing risk for any buyer and in addition will more than likely be increasing the JORC resource estimates from current 16M ton to at least 19M (which it was before they realized their land ownership error. I think this was most probably only picked up as someone interested in buying was doing a due diligence)...possibly greater…..If its being compared with CAMA more like 24M tons. This will at least double the NPV which will be about $220m. A sale of at this price would mean a special dividend payout of approximately 0.016 $ or 0.013 GBP…..or slightly less to keep “exploration” activities going with EUZ. This way we keep our shares in EUZ and receive a special dividend paid.
Expect news very soon on the licensing…and the sale of Toral….IMO