Member Info for Cjen

Hi Bricks, so you are calculating an annual dividend payment here, which is of course completely separate to the actual share price , right ?
Double Bubble.

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.

If we have recieved an EU grant then it will be announced in an RNS.

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 ?

Hi Shed, you are right. these are big buys at 50K and 100 K and they are continuous over a few days now. Someone is developing a substantial position in Europa Metals.

Personally I think Jedster74 is absolutely right. Great post.

JSE is now back to 4.3 Rand , so thats 20p.

Thanks Oiltap. I'll be very happy with that.

Jedster , dont worry. If its 5p by Friday its still 17p now, that a fairly big mark up.

Thanks Oiltap. So what you are saying is that the mineral estimates published on the Europa Metals website are inaccurate as this amount of material will not be recovered.

Hi Oiltap, All my figures are in GBP £ and I am very happy to wait for an independent assessor to revise the NPV. Good luck all.

Hi Oiltap, your right but I thought it was $110million. That NPV was calculated a long time ago and a lot has happened at Toral since then. I am looking forward to an updated NPV from Addison or another independent assessor and soon I hope.
If you can see a flaw in my calculation then do please point it out.

That a great point Montmuzard, I hadn't even consider the divided payment. I was focusing solely on the potential share price value.

Montmuzard, I think that Spanish corporation tax is 25%.

Net Yield should read £1.69 Billion and not million.

Metal in the ground
830000 Tonnes of Zinc = $1897380000 ok thats $1.8 Billion
570000 Tonnes of Lead = $1052790000 thats $1 Billion
14,000,000 ounces of Silver = $338940000 thats $338 million
Total = $3289110000 $3.2 Billion
Total in GBP £2529966966 £2.5 Billion over 25 year lifetime of mine

Cost of extraction
Cost of ore extraction at £150.00per tonne extracting 2.7 million tonnes = £405000000 (£405 million)
Smelting costs at 15% of ore value = 380000000 (£380 million )
Initial Capital expenditure = £25000000 ( £25 million )
Additional Capital Expenditure = £20000000 ( £20 million)

Net Yield
Net yield over 25 year lifetime of mine = £1699966966 (£1.69 million )

Value
Annual yield = £67998678 ( £68 million )
Indicated Net value of mine = annual yield multiplied by Five
£339993393 ( £340 million )
Current market cap is £6 million as at 30th July 2020

Sources
Europa Metals website
London Metal Exchange
Operating Costs for Miners , G Poxleitner

And a daily high of 82 Rand, that's £4.00, what will the price do when the good news, whatever it is , actually drops. ?

Avisandum1, so you have placed a limit order at 1200.00, as all orders must be placed in pence right ?
Some inexperienced investors might fall into the trap of setting a limit of 12.00, which we all know would be 12p.
Good luck all