Member Info for BricksSA

Dont worry about it Michael....I’m trying to get a few more :-) relax it’s me.

Reply...good advice Jeds. I’m selling up and getting stuck in :-) lols.

When we invested in EUZ we all hopefully did a risk assessment...by that I mean we understood the risks and our appetites as such were one of high risk equals high reward when it comes off....I do not believe there is one correct answer Bobby as each and every one of us has a different risk appetite. I’m in until the end and that’s the risk I bear as I am fairly certain this will be a mine..If your appetite is low risk low reward then yes....by all means we all bought too early....have a nice day :-)

New activity

In addition, the projects carried out must add benefits to these territories such as the recovery and protection of biodiversity, the generation of new economic activity or the attraction of new companies.

Finally, from Miteco it is emphasized that this Restoration Plan "will mean the culmination of the restoration activities of the mines that closed on December 31, 2018, thus responding to the commitments and obligations assumed by our country before the European Commission."

The initiative is within the Recovery, Transformation and Resilience Plan and has an endowment of 150 million euros for the period 2021-2023.

The funds will be used for the rehabilitation and recovery of more than 2,000 hectares of natural space degraded by the coal mining activity to recover its original characteristics or adapt the land for new uses such as agriculture, leisure or the creation of industrial land.

One of the priority objectives pursued by the granting of these grants is to implement the Restoration Plan to generate employment in the short term in the areas affected by the energy transition, prioritizing the hiring of surplus workers from the coal mining industry - including those of the auxiliary companies - which are registered in the Job Bank created for this purpose by the Institute for the Just Transition, an organism of the Ministry for the Ecological Transition and the Demographic Challenge.

The Council of Ministers approved this Tuesday the Royal Decree regulating the direct granting of aid for the environmental restoration of areas affected by the energy transition within the framework of the Recovery, Transformation and Resilience Plan corresponding to projects in areas degraded by of coal mining.

The Ministry for the Ecological Transition and the Demographic Challenge (Miteco) raises these aid, of which the autonomous communities of Castilla y León, Asturias and Aragón will be beneficiaries, "in the exercise of their commitment to solving the pending problems in the just transition territories, ”according to a statement from Miteco.

This grant will allow them to finance the total cost of the restoration tasks for which they are subsidiary responsible, since the mining companies that closed in 2018 did not carry out the restoration because they were in liquidation or bankruptcy and the guarantees withheld by the mining authorities were clearly insufficient.
Source... https://www.infobierzo.com/el-gobierno-aprueba-150-millones-de-euros-en-ayudas-para-la-restauracion-ambiental-de-zonas-degradadas-a-causa-de-la-mineria-del-carbon/607320/

I think Jeds what they are saying is that many people don’t understand the alternative uses of Zinc and that it can be used as a fertilizer....a ****ey statement :-)

Lols...it’s showing here as a sell..... https://www.lse.co.uk/SharePrice.asp?shareprice=EUZ.GB.PL&share=Europa-Metals-Ltd
and at 12.35 :-)

Bobby I unfiltered you so as I can read your posts as sometimes you are relevant ....and I don’t want to miss them....:-)

And as far as this statement goes “ Inferred does not count for a PFS so not relevant really. “ You have a few miners rolling with laughter.....:-)

Ok ..what is included in BFS ?? Only measured ?? The answer is no....it will still contain inferred and indicated....it just reduces the risk for lenders... but the total resource is included. And the business case is built on the total resource not only the measured. If you want to exclude inferred by all means you are most welcome. But I do not when I do my calculations.

As is your post...irrelevant.

Yes. Inferred is included as per Jorc report. So it’s 14 million ounces.

Resource
(JORC 2012)
17 Mt @ 6.9% Zn Eq (inc. Pb credits), 4.1% Zn, 2.9% Pb & 24 g/t Ag (inf/ind: 720,000 Zn, 510,000t of Pb and 14Moz of Ag (Approx.)
3.8 Mt @ 8.3% Zn Eq (inc. Pb credits) and 30 g/t Ag indicated:180,000t Zn,150,000t Pb & 3.7 Moz Ag (Approx.)
On there website.

14 million ounces multiplied by $28 per ounce....damn close to $400 million :-)

At today’s price that’s very close to $400 m we have....but we need it out the ground. In order to do that we need to build a mine...in order to do that we need finance. Adam needs to come to the party now and show us what he has been busy with for almost 4 months....as I am fairly confident he hit the ground running when he started with us and did not have to start from scratch. I expect both operational and corporate RNS,s soon.

By eliminating coal mining in the region the community needs sustainable jobs.....EUZ will provide this imo opinion. Improved resource and lom to say 20 years and we will be in the pound seats....I also agree with you Sheds....somehow this project will be fast tracked.

MM...the economic needs of the local community, the way I understand the situation are very urgently required ...They need jobs and work more than ever before....The below I gleaned from a local release but if news lands soon which I very much anticipate both from operational as well as corporate level 20p is a walk in the park ...
The Ministry of Inclusion, Social Security and Migrations has only approved, until mid-March, one of four requests for Minimum Vital Income (IMV) in Castilla y León after having admitted a total of 10,932 of the 42,981 valid applications submitted by citizens in risk of extreme poverty, especially in households with the presence of minors. Therefore, and until that date, which is the last one provided by the central government, the IMV reaches 10,412 households in the Community in which 27,194 people live, of which 41 percent are minors. The average payroll for this non-contributory Social Security benefit amounts to 459 euros.

Another two deeply thoughtful posts to ponder on I would guess....

Also LR signing off.... #esgreporting #esginvesting #euprojects