Member Info for BricksSA

And if you can’t dream it....you don’t earn it and therefore don’t deserve it. Thanks to the poet in me. :-)....I rest my case your honor.

And Tesla are building their own battery factories :-)

Or even Tesla....heard they are changing from Lithium to Zinc batteries .....lols

And it would not at all surprise me to see another TR1 soon.....with a majors name on it....and they take up the warrants as well....now wouldn’t that set the cat amongst the pidgeons ?

Warrants I’m afraid....not ordinary issued shares....try again.

Yep...just a piece of meat....no brain at all.

Well Sheds....the plan looks like it’s all coming together....the rerate will start tomorrow imo. Buckle up and prepare for blast off.....:-)

Here’s the link again....hopefully translated correctly. https://translate.google.com/translate?hl=en&sl=es&u=https://www.diariodeleon.es/articulo/bierzo/alcaldes-piden-zinc-europa-metals-transforme-abriendo-industria-toral/202103140232152094821.html&prev=search&pto=aue

Everyone is aware that it is difficult to achieve it, and some even pronounce the word "utopia", but they also say and know that the worst thing is to remain silent and not claim something that in fairness they understand should happen. The mayor of Carucedo, Alfonso Fernández, and the mayor of Toral de los Vados, Pedro Fernández, have spoken of the need that when the zinc, lead and silver deposit that the Europa Metals company is promoting is exploited, a factory is opened in the Bierzo that transforms this product in the Bierzo, and not in other places. The fundamental idea is that, if it is produced here, here, in Bierzo, the added value should remain and part of the productive economic circle of profits should be closed in the region.

Until now, the results of the research surveys in the Toral and Carucedo mountains coincide with the economic aspirations of future exploitation. The proof is that in the entire investigation process and other work they confess to having invested more than 6 million euros. Europa Metals successfully reached months ago the drilling of the second hole (TOD22) in Toral, reaching a depth of 761.30 meters. After hole two, he drilled the third, further west of the previous two. With this, it pursues, according to the company, three purposes: to take samples for metallurgical tests and to see if it is a replica of another well, Peñarroya, drilled in 1984. A third "purpose" is to increase the understanding of how the wells behave. high-grade mineral sprouts.Now they are drilling in mountains the area near Campañana (Carucedo).

The English headline...thanks to google translate.... Mayors call for Europa Metals zinc to be transformed by opening an industry in Toral....
Awesome news this definitely is !!!!!

Yep..but supply seems to exceed demand on JSE at the moment...for how much longer...let’s see but we need some news soon I guess ...on both fronts....AH as well as ops.

I think you may be right Sheds....500000 possibly moved to JSE currently trading at just over 10p ...R2.15.....someone may be out to make a small profit of about 12% overnight.

17:07:23 8.76 500,000 Buy* 8.50 9.00 43.80k

Europa Metals Ltd
@LtdEuropa
·
Mar 3
Stakeholder team doing some great work at present, engagement and context so important to communicating and listening to our communities. We have been looking back at the long mining history in the region as we look to supply a new generation with jobs.

No probs Sheds...looks like all my posts are somehow being vetted....strange.
Fine understanding of this BB !!!
Same thing happens to me ...refresh the page and posts go missing...makes one think.

Sheds...these guys specialize in bulge bracket transactions....and guess who is on the team ?
http://www.capstan-capital.com/

And it would not surprise me at all if these three objectives have not been documented in some form of NDA by a prospective suitor and are pre requisites for a deal of some sort....and the Corporate news associated with each of them will flow as they are achieved....
Details of the individual tranches are as follows:

a) Tranche 1: vests on the delineation, by an independent third party, of greater than a 4.5Mt Indicated Resource estimate at the Toral Project, reported in accordance with JORC (2012), exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023;

b) Tranche 2: vests on the delivery of a positive Pre-feasibility Study at the Toral Project with an independent recommendation for the Company to continue advancing the project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023; and

c) Tranche 3: vests on the submission of an application for a Mining Licence at the Toral Project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023.

I understand Sheds where you coming from. I was miffed with the last fund raiser as I was hoping for a rights issue which effect gives shareholders first bite of the cherry. I Romberg speaking to LR and the conversation was rather heated as he told me a rights issue was too expensive...Well now as a grown up company perhaps it will not be that expensive and long term holders will be protected. Many options ito non dilutive funding now I suspect. Far more than previously and also a further derisked resource and prospective suitors in the data room gives me a lot of confidence moving forward. I have no doubt in my mind we have a mine and a good business case....hence LR going full time now with EUZ. Interesting you mentioned MC being temporary Chairman....I honestly do not see this changing with the current watch. IMO better the devil you know....and I think with Adam on board he compliments the current team rather nicely and the skill set is there to take this to mine. And yes I agree DB is a very good ombudsman to protect LTH’s. I feel we are on the verge of some huge Corporate news which will overshadow the operations side quite considerably and will boost the SP more than any operational report has done in the past.Hang in there. Best D

In the updated scoping study they used 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.
The NPV arrived at with these figures was US$156m NPV at an 8% discount rate.
The current price for zinc is $2788 per ton
The current price for lead is $2075 per ton
The current price for silver is $26.31 per ounce
Assuming LR and co 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 (2012) by say 16% which IMO is easily achievable ( I think Sheds commented previously on the low targets set) and only on the current price of silver....( lead and zinc are fairly close to 3 year trailing average previously used, the actual NPV should be closer to $175 million.
Divide this by approximately 50 million shares issued gives a share value of over $3....which is just over 2 quid a share....so you guys are not far off the mark. GLA