Member Info for BricksSA

Estimated economic forecasts for the Toral Project, based on the current level of work (+/-

30%), for the Conceptual Scenario 2a comprise:

o US$110 million net present value (NPV) using a discount rate of 8%;

o 24.4% internal rate of return (IRR);

o Estimated US$33 million CAPEX for a proposed 450ktpa design capacity plant,

including associated auxiliary costs, with infrastructure being situated near portal

entrance on the north side of the deposit.

o Estimated total CAPEX of US$110 million.

o US$25 per tonne indicative OPEX processing cost at steady state conditions.

o US$36 per tonne indicative OPEX mining cost utilising mechanised cut and fill.

o 15-year production plan, with significant potential for extension.

@Oiltap...this being the case the NPV could be over $250m !!! Now that would be awesome.....everyone has underestimated IMO....would you agree ?

Nice post Nigel.....Let the countdown begin !!!

@Filter....I am not here to debate or try and change your mind...and I do respect your view ...the fact remains LR has "skin" in the game and he DOES own 2.44% of EUZ.

@Filter....for the sake of clarity...what is the difference between forfeiting your salary and earning options rather than taking money and buying them ??

@ Filter

LR has a total of 136 413 043 shares which equates to owning 2.44% of EUZ

I would say that is a rather substantial ownership.

Yep....MM's = Market Manipulators....If you believe everything you see then there has only been 1 buy since 22nd Feb !!!!

I am a firm believer in that the business case will always prevail....WIth LR being relaxed the way he is by all accounts I have to make a few assumptions...these are as follows:
1. The NPV will be released in the SS as soon as possible. ie on Friday sometime.
2. A JV partner is already on board and can only be announced once the NPV is officially released so as shareholders can vet the deal.....
I suspect 2 RNS's on Friday will be released......This is my opinion only but a very likely scenario.

I also trust my own research....hence owner of 1.5% of EUZ.

On the cash side...the way I read it is the estimated spend for 1st Quarter 2019 was 490K They had a credit at end of Q4 last year of 362K.....so come end of March we will have a negative 128k balance in bank....
Not a huge deficit if you consider the NPV will be known by then....my guess is about $180M .....I am relaxed :-)
The possibility also exists to raise finance without additional dilution IMO based on the NPV alone and EUZ's stated intention of taking it to full mine. They certainly have the skills on board in Jesus :-)

Hindsight is an exact science....
NPV should theoretically be used to determine the current value of the SP with or without money in the bank IMO.
However I hear you :-)

on LSE....is this really true ?

@DW...not so sure they need anyone else...this guy is on board and I am pretty sure he can recruit the necessary skills locally...and he is a local jocal :-)
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
I am also not so sure why you call them distressed sellers....no rush at moment...except of course to get the SS out with financials...then its open game for everyone !!

Taken from RNS dated 25th ....Europa Metals has requested that the Nominated Time for the Company’s
removal from theOfficial List be 4.00 p.m.(AEST) on Friday, 8 March 2019......

This being the case the Scoping Study with Financials could be released as early as 8th March......
Expect the slingshot to occur soon .... Topup Time ....IMO.

Both EUZ and Bezant moving up....good sign IMO.

Yep :-) Sorry its .024 UK Pound which is 2.4p

Assume NPV $180,000,000.
Divide by number of shares 5,574,876,317

Current Share valuation $0.032 = .024 Pence

Patience with this share is key....Nothing can and will happen until delisting of EUZ on ASX....which is 12th March...so take it that no news is good news at this stage and buy buy buy.....

With a 33% spread the MM's are trying desperately to make a market....and everyone is sitting on their hands !! :-)

Wow !!