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However , on the upside the Junta , backed by Spanish central government money , could finalise a deal to fund Toral and develop the money to boost the economy at Castella Leon and secure the supply of critical metals for many years to come.
Just as plausible.
Just to reiterate what has already been said and in response to those getting excited at the idea of an increase in the share price to around 12 pence.
That would value the company at around £10 million pounds and it has already spent at least that amount in exploration to date.
Our corporate investor bought shares at 12p and I am sure they will me looking for a handsome return on their investment, so for me the question must be, what will Toral be worth if the current drilling program infers Copper as a mineral.
This is the driving force behind drilling to 900m as the copper is suggested to be present at this depth.
Anyone want to put forward a price. I'll start us off at £110million which is fairly close to our NPV, but I also beleive that Copper could multi bag that figure.
CJ
It's a shame that however decided to sell their 100K could not wait until after the drill results, but these are tough times and if you need the cash then good luck to you.
I know this EUZ project will come good, I just dont know when.