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Lols Deleterius should read Denerius….apologies all :-)

Any super sleuths here that can determine if Jesus Perez from Denerius is related to Luis Perez from EMI ?

In effect what we have today is Deleterious running this project …..I don’t think MC has any more say to be honest.

Thanks Chrisp for sharing your view. I have seen plenty RNS’s in the past that get superseded by the latest. But you have read them correctly just wondering whether the previous RNS is still valid just like the RNS that made WA the PFS manager ??

My pleasure Highside. But I’m glad I picked this up as my understanding is a PEA can only talk inferred resources whilst a PFS talks indicated. So it is a very very important point to be clarified by MC.

Sheds do us all a favour please and ping MC and see what he has to say as this is a very key point he needs to address . I have unfortunately lost my relationship with him. Thanks

https://www.osler.com/en/resources/regulations/2012/mining-review-september-2012/preliminary-economic-assessments-for-mining-projec

So will we only need the PEA to apply for the mining license . Anyone know ? The way I read it is PFS only comes a year later!!!!! What chances of getting a mining license on a PEA ???

So it seems that they are now busy with a PEA ….not a PFS……so we got bull****e again I’m afraid.

This may help ito your question ref responsibilities Highside…but good point. From the RNS.
The First Option is for an initial exercise period of three years from the date of the Option Agreement (extendable by 90 days in certain circumstances) and may be exercised by Denarius conditional upon, inter alia:

o it assuming operatorship and making expenditures on the Toral Project of US$4,000,000; and

o completion of a preliminary economic assessment ("43-101 PEA") compliant with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") on the Toral Project.

o Expenditures to include the completion and submission of a mining licence application in respect of Toral to the local Junta by 31 July 2023.

· The proposed transaction is conditional, inter alia, on the approval of Europa Metals' shareholders and once obtained an initial US$100,000 advance will flow to EMI on the business day following such approval followed by a second aggregate sum of US$550,000 made in periodic payments at the discretion of Denarius.

· The Second Option may be exercised by Denarius within a period of one year from the date of closing of the First Option conditional upon:

o exercise of the First Option;

o completion of a NI 43-101 compliant pre-feasibility study (the "PFS") on the Toral Project at its own cost; and

o payment of US$2,000,000 cash to Europa Metals.

Apologies accepted Chris…No worries. Highside I apologize as well for reacting to a question and posting non deleterious or EUZ detail :-) Time to smile.
All in good spirit however. Best D

Sheds…it’s a very flimsy line when it comes to critiquing referees performances in any sport…Seems like if you are coach or manager of the team critiquing either positively or negatively creates problems but if you a journalist or media reporter not as much of an issue as you paid to do just that. Rassie is his own man and he is prepared to face the consequences for whatever he says but certainly he has made a difference since he has been there and I would hate to see him go. Anyways we are going to get smacked for posting non EUZ stuff here so let’s see what happens Saturday. Gl.

Yep…it was yesterdays close Sheds so today should see it rise more. Should be a good game but my chrystal ball is missing at the moment….can’t even pick my nose at the moment after Saudi beat Argentina yesterday !! So SA not a confident pick for Saturday. Let’s see :-)

Fully agree Tyre and we may see some day traders come back in again as this was one of their favorite shares many moons ago. Highside will remember :-)

Awesome news guys…. Denarius SP is also up 14.55% I see.
Let’s hope they get the PFS done quite quickly as I see a deadline in the RNS has been set to have the mining license application in to the Junta by mid 2023.
All looking good imo. GL to all of you.

Denarius own a lot more Cu in Spain than Euz do if I read this correctly. I think they should get 80% of Toral rather easily Highside….but enough posting Denarius on an EUZ board.
Cheers and good luck.
https://www.denariusmetals.com/News/news/news-details/2022/Denarius-Files-National-Instrument-43-101-Technical-Report-for-Its-Polymetallic-Lomero-Poyatos-Project-in-Southern-Spain/default.aspx

TORONTO, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Denarius Metals Corp. (“Denarius Metals” or “the Company”) (TSXV: DSLV; OTCQB: DNRSF) announced today that it has received approval from the TSX Venture Exchange (“TSXV”) to consolidate its issued and outstanding common shares on a ten-for-one basis (10:1) (the “Consolidation”). The Company’s common shares will commence trading on a post-consolidated basis on the TSXV and OTCQB at market open on Monday, November 21, 2022. The Company’s name and trading symbols will remain unchanged. Following the Consolidation, the new ISIN and CUSIP numbers for the Company’s common shares are CA2482332079 and 248233207, respectively. For the Company’s listed common share purchase warrants, the ISIN and CUSIP numbers will remain unchanged and are CA2482331162 and 248233116, respectively.
Just can’t believe my luck !!!

I would also like to thank Pieter for his significant contribution to the Group as CFO over the last 4 years and look forward to continue working with him as part of the Kibo group in his new capacity as CEO of MED."
Thanks for confirming he is CFO ….Cunning and you Don’t know more than Bloomberg ! Dork

So you so cunning you know more than Bloomberg then…..I honestly doubt it.
https://www.bloomberg.com/profile/person/18897306?leadSource=uverify%20wall

Yes good question…..so the CFO retires after being in the position for 8 years and achieving zero Revenue at all for Kibo during his tenor….I wonder what he is retiring on ?