Member Info for Cjen

I heard that EUZ have spent over £40m developing the Toral project to this point. I cant imagine it being sold at breakeven.

The last Broker note from Turner Pope put the value at 0.095, but that was before the increase in resource, uplift to indicated and Mets report part 1. My best guess is that given a level playing field we should have broken through the tenth of a penny by now.
However, it's not level and it's not regulated, so we are where we are.
Best to ask yourself what would the asset sell for if a major group made an offer. £160 m is equal to about one penny a share.

A brilliant update on a key meeting. This just might be the turning point. Thank you Lloydy.

I struggle to understand how the market can value EUZ at under £3 million on the back of today's RNS. It reads as a very positive announcement. I am happy to hold and wait for the sale of Toral. Think I'll get a bit more than the current SP ( 0.00022 ) Dyor

There suddenly seem to be a lot of voices imploring shareholders to sell their shares in EUZ to avoid impending doom.
We must be getting close to something really big or they would be bothered.
Same old games. Aim doesn't change.

The board seems a bit jumpy. Maybe it's time for some calm nerves. Whatever the outcome, we can't effect it. Hold the faith.

So the big question will be how much will it be sold for. At 10% of the current metal in the ground a suggested figure would be £280m, and the Mets might improve on that, so will the current drilling campaign moving inferred resource to indicated.
I know I sound a bit rampy on this but we must be very close to the pay day now. Imo

Does anyone have an opinion on the likelihood of a sale of EUZ within the next 3cmontgs or so or is that just wishful thinking.

Thanks Nige. It's a very good point you make and I can see that your right.

Nige
Surely the value for shareholders will come from the sale of Toral. More resource moved to indicated and £200m buyout.

Lets hope we get some positive news relayed back.

Are you attending the AGM Nige?

Today is the AGM in London . Plenty of news to be shared there I would expect.

NPV must be higher than $110 by now. That NPV was calculated before the release of the last JORC and the METs will also have an impact. Imo.

More if Copper is added to the JORC

Somewhere around 360k if theres a buyout.

Could anyone help me with the current value of the metal in the ground at Toral. I'm talking about the zinc, lead, silver ore as an asset value.. it must run into billions.

I like that idea better as well.

Sounds like there is a lot of mining infrastructure already in place from the 1970's and the tonnage is also very similar.

I will need to see a massive increase in the NPV or my 50 million share holding will be worth 3 bags of balloons and a Superman Comic.