Member Info for Craigyy

Just watched the proactive interview on YouTube. I think LR is replying to you shedulike lol

Those are the figures I came up with several months ago so the exchange rate has changed slightly in our favour, cjen the 5% figure was a rough figure found online for average sale price of a mine based on in ground value. I think this is a conservative figure. We still have a few hurdles before a possible sale but this gives us an idea of the asset value. Also as stated by Sheds I think there will be a large discount for the (hopefully) new owner to carry out a PFS. How much of a discount is anyone's guess. Fingers crossed for future of EUZ. GLA

The below was based on rough 5 year average prices of zinc, lead and silver as follows;

Potential Sale Value
Zinc (tonnes) = 830,000
Zinc price per tonne = $2500
830000 X 2500 = $2,075,000,000

Lead (tonnes) = 570,000
Lead price per tonne = $2000
570000 X 2000 = $1,140,000,000

Silver (ounces) = 14,000,000
Silver price per oz = $17
14,000,000 X 17 = $238,000,000

Zinc, Lead & Silver in ground value combined = $3,453,000,000
5% (I think this is reasonable for a guesstimate) of $3,453,000,00 would give us a value of $172,650,000

Converted to GBP would be £133,972,221
133,972,221 divided by 16,720,000,0000 (number of shares in issue) would give us a share price of £0.008012

I.e. 0.80 pence per share.

The 5% figure I have used is from researching online and this seems to be the rough figure used on in ground value for a sale price of a mine but this can obviously differ so if we were to use a 4% figure with the same values as above we would get 0.64 pps. Using 3% would give us 0.48 pps

I know this an ideal scenario to get 0.8 pps this but i think it helps to show the true value of this asset. These are only my calculations and I’m certainly no expert.

Extremely under valued imho, If you look at the risk/reward then this is a great opportunity I believe. If I’m wrong on any of the above let me know. Gla dyor

I posted my calculations on possible sale value, I'll dig them out again.

Agreed, never seen Laurence so up beat. Exciting times!!

Only just had a proper read of the RNS due to work, I have to say it's excellent. Brilliant results but can't say I'm surprised at the share price with the current climate. Would really like to do a little top up but I have a lack of funds atm.

Do you have a link sheds?

I see MAPPS is on day release from the ward again.

Yeah that confused me too Watson, some kind of mix up.

Definitely MM's at work on that trade, still positive to see a bigish trade coming in.

Shouldn’t be long to wait we are nearly half way through Q1.

Toral mines?

If it was a fake account we would have been told that in the RNS today and the real Michael Hammond would have clarified that it was fake.

Been a stressful day today with my shares, could really do with some good news soon. LR where are you.. must be due an RNS soon

I can see your thinking cobra but as shed said I think the herd would soon sweep in and out like they have in the past, just enjoy the the slow increase until further news imo

I think it will be good for EUZ one way or another whether it's just easier disposal for us or a small income from the cement works. Who knows

I think Cementos Cosmos is the cement works?

Shed one of Ramons pictures is Cementos Cosmos a building materials supplier according to google.

I posted a few days ago about potential sale value, I’ve updated my calculations from 3 year average prices of zinc,lead and silver to 5 years as follows;

Potential Sale Value
Zinc (tonnes) = 830,000
Zinc price per tonne = $2500
830000 X 2500 = $2,075,000,000

Lead (tonnes) = 570,000
Lead price per tonne = $2000
570000 X 2000 = $1,140,000,000

Silver (ounces) = 14,000,000
Silver price per oz = $17
14,000,000 X 17 = $238,000,000

Zinc, Lead & Silver in ground value combined = $3,453,000,000
5% (I think this is reasonable for a guesstimate) of $3,453,000,000 would give us a value of $172,650,000

Converted to GBP would be £133,972,221
133,972,221 divided by 16,720,000,0000 (number of shares in issue) would give us a share price of £0.008012

I.e. 0.80 pence per share (current share price 0.024 pps so this would be 33 X current share price)

The 5% figure I have used is from researching online and this seems to be the rough figure used on in ground value for a sale price of a mine but this can obviously differ so if we were to use a 4% figure with the same values as above we would get 0.64 pps. Using 3% would give us 0.48 pps

I know this an ideal scenario to get 0.8 pps this but i think it helps to show the true value of this asset. These are only my calculations and I’m certainly no expert it’s only my opinion, if any of the regular posters have any comments please let me know. I’m here to learn :)

Extremely under valued imho, If you look at the risk/reward then this is a great opportunity I believe. If I’m wrong on any of the above let me know. Gla dyor

Looking through last years annual report I came across this “Over a longer time horizon, I am also interested to see copper again being identified from drilling activity, but this time at depth. With a resource open at around 1,000-1,200 metres depth, future exploration outside of the existing resource area would potentially seek to understand if thickening of mineralisation occurs and whether there is a significant copper presence in the deposit from a separate thermal event” I wonder if this was the reason for the additional wedge being drilled as per last RNS?