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Sammy, you are double accounting. The Net Present Value (NPV), which is now out of date, but happy to go with $140 million was calculated after mining costs and not before. The before mining figures run into billions and it's the mining costs that bring that figure down to what is quoted.
That's why EUZ has the potential to be an enormous asset with a share price calculated in pounds not pence.
DYOR
Hi Shed, not totally down, but disappointed, I think that recent events could have been handled better.
I spent 40 minuted on the phone on Friday and the future for EUZ and the Toral mine looks to be very good indeed, but the recent placing has taken the wind from the sails. It will all come good and we will all make a lot of money.
I haven't sold out , but I will be trying to mirror DB,
IMO DYOR
Bobby, you are right. The Mets should have been issued before any further placement, but again only in my opinion this is another stitch up. Placing with DB and others sorted at 12.75p just in advance of the amazing mets.
Stinks to high heaven imo.
Weasel Words... that's a term I over heard recently and it stuck. It means someone tells you exactly what you want to hear whilst fully intending to do something else.
EU funding, forward selling Silver, non dillutative arrangements. All Weasel Words.
Jedster, Traces of Copper have shown up in a number of drills over the last 12 months. I fully expect these traces to be confirmed as a full Resource asset very shortly. Don't get me wrong, the idea of Gold would be thrilling, but we've been there already.
Copper will be an amazing additional resource and it value will go straight in the bottom line as the cost of its extraction has already been absorbed in the existing model of Zinc, Lead and Silver.
GLA. DYOR.
Magoo. EUZ stock will be measured in pounds not pence. Patience is the key, although it will definitely hit 40p, but it will just keep going. A resolution to future funding through an EU grant or similar and this will outpace a Space X rocket.
DYOR.
Thank you for the replies.
Or should that be RE-INFECTION.
A question for the experts. Having read a number of articles from the medical profession ,I understand that antibodies can cure a person infected with Covid 19, but will those same antibodies offer someone immunity from the infection.
I can't seem to find a definitive answer.
Hi Bricks, What are your thoughts on a Zinc , Lead, and Silver mining operation fitting into the framework of activities and sectors that this fund is designed to support , might we be in conflict with their aspirations ?