Member Info for BricksSA

What do you make of this Money…. https://www.diariodeleon.es/articulo/leon/pp-leon-apuesta-ley-tercer-sector-que-beneficiara-481-entidades/202109131507312145675.html
Google translated one of the paragraphs to read like this… The new law gives participation to social entities in the corresponding bodies, guarantees their economic and financial sustainability through the concerts and establishes the obligations to guarantee the rights of their workers, they have assured.……guarantees their economic and financial sustainability ??

Thanks Money. Lovely article…..:-)

Not sure whether to laugh or cry…….:-) having read that now again…..lols.

We are rather thin on the bench though….maybe you can help me with this one…..
Does anyone else understand why with an NPV of $156m our current MCAP is about 4m. I mean why go to all the trouble of calculating a NPV if the market ignores it ? Anyways over the weekend I did a bit more research on Au in the region and am of the opinion as we have not as yet tested for by products this could well be a possibility. Needless to say I prepared the below in order to take a checkpoint with my investment and to reaffirm my decision to invest my hard earned in this company.
In the updated scoping study a 3-year trailing average metals prices of US$2,668/t for zinc, US$2,099/t for lead and US$16.5/oz for silver was used.
This resulted in a NPV of US$156m NPV at an 8% discount rate.
The current price for zinc is $3089 per ton
The current price for lead is $2368 per ton
The current price for silver is $24.07 per ounce
Assuming LR and team meet their first objective (tranch one) of assuring a greater than 4.5Mt Indicated Resource estimate at the Toral Project, reported in accordance with JORC by say 20% which imo is achievable …then this should in turn increase our Mcap by 20% which will take us to 5 million quid.
Divide this by approximately 50 million shares issued gives a share value of exactly 10p per share….plenty more upside to come imo.

They all fictitious trades imo…between MMs….in fact they cannot even make a market…no one is selling …waiting for the value event. And who in your opinion is better than the current BOD grappa ? Please name and shame them as this is what you appear to do all the time.

And a last link for tonight….. https://www.sciencedirect.com/science/article/pii/B9780444636584000463

Here’s some more detail on Au in Spain Sheds…..page 3 contains a table which you may find very interesting.
https://ruc.udc.es/dspace/bitstream/handle/2183/6196/CA-20-17.pdf?sequence=1

Nothing as yet but I did suggest to him he needs to ask WA the question once they do the latest Mets with the Cu intersect….let’s see.

Well someone knows something we don’t…..maybe it is cut and dried already…just awaiting signature as we have heard multiple times over the past few weeks. I honestly doubt that close on million Euros for training would have been given to them to train mining resources….and they ain’t got jobs to walk into …..Makes no sense to me.

And it’s also dawned on me that I cannot make up my mind whether certain PIs need to be spoon fed or breast fed….seems like they cannot feed themselves the correct info….everything needs to be RNSd …then they can make a decision I guess. The days of gambling on common sense and gut feel I suppose are in the distant past….GLA.

So with all this happening….some guarantees surely must already be in place ? I mean why bother training people if jobs are not guaranteed ? Or do they still put the cart in front of the horse in Spain ? Lols….joking of course.

Looks like it’s all on schedule to start then 2023…..
https://www.lanuevacronica.com/europa-metals-se-prepara-para-producir-zinc-plomo-y-plata-en-toral-desde-2023

Anyone remember LR saying this project is not just about taking resources out the ground….it’s a lot more than that…..With ESG, circular economies, blockchain, reskilling coal miners etc etc…one can see exactly what he meant when he made this statement.

Looks like the reskilling of the coal miners is happening…. All part of the bigger picture but Europa will be a mine one day…no doubt.
Today the Governing Council approved a direct grant, worth 996,380 euros, to finance the Santa Bárbara Foundation's 2021/2023 Training Plan. This subsidy responds to the agreement signed last year between the Public Employment Service of Castilla y León and the Foundation and its objective is the planning, delivery and financing of vocational training for employment offered by this public entity.

The 2021/2023 Training Plan, which is financed through this grant, was approved on July 23 by the Coordination and Monitoring Commission of the aforementioned agreement and is made up of a total of 18 training actions from which they can benefit. 266 workers.

The Santa Bárbara Foundation is a public foundation that is part of the autonomous public sector and whose purposes include the development of activities of interest to mining in Castilla y León in terms of promotion, applied research, technological development and training. For these purposes, it deals with the management of the Mining Schools currently existing and their adaptation to the needs of the sector, in order to improve the professional training of workers who develop or may develop in the future their professional activity in this field. .

High side I don’t think it’s a swing from PFS to Jorc. You need to view them separately. The Jorc update will be used as an input into the PFS. ..so although two work streams the one is dependent on the other. Best D

Sheds…I have asked LR if we have had a show of any gold to date. I just cannot believe we have not if a third of all gold produced comes from a by product of minerals we hold. Let’s see what he says.

I’m convinced the bottom right hand picture shown yesterday on Europa metals Twitter account shows an element of gold….unless my deceiving me ….have a good look under the microscope :-)

Thanks Milnrow….interesting indeed….also found this last night.
Although each ounce of gold recovered requires the processing of about 100,000 ounces of ore, there is so much gold deposited in rock veins that this method accounts for more than half of the world's total gold production today. ... One third of all gold is produced as a by product of copper, lead, and zinc production.

I think you thinking too far ahead Sheds….as long as it’s mineable and high grade and in abundance I will be happy….another possible value event ….to ponder on. Interesting that Gold is found with Copper and lead….and we know that Gold has been mined in the region previously….I wonder if there is any Gold in our ore ? The mind boggles….that’s me done for the day on this BB.

Although the Earth's crust averages a mere 0.004 grams of gold per ton, commercial concentrations of gold are found in areas distributed widely over the globe. Gold occurs in association with ores of copper and lead, in quartz veins, in the gravel of stream beds, and with pyrites (iron sulfide).

Thanks Money….appreciated. I’m also starting to think the value event is in the Cu and indicated as such in the next Jorc….that could very well be the slingshot…..and not some hefty handout in the form of a grant. Yes it has changed the game plan slightly …:-) ….Plenty news to follow I guess.