From ADVFN2 Jan 2018 15:26
Re 14/8/2017'If all goes well, they might hav , say, 10-15m tonnes at Toral & another 3-4 m tonnes at Lago, which, in a worst case scenario, wud giv a combined total of 14m tonnes, which wud b a viable Zn/Pb mine, with the Zn price currently around $2900 / tonne.(i.e. worth about £15 Billion for metal in the ground). If the cost of production was, say $1500 /tonne, then over a ten year mine life and with 5 Billion shs in issue, that wud give an economic profit of 30p per share, per annum. (The latter figures are obviously my own postulations & opinions). So, it's either going to fly to the moon, or die a horrible death. A Binary Bet, in other words.' Interesting forecast on the existing NI43-101 for Toral. I forcast the JORC 2012 WILL include a silver credit (there are certainly no guarantees)and the Toral Tonnage WILL exceed the NI 43-101 by +50%. Even on existing figures it's a massive uplift. Compared to Alta Zinc which has a mkt cap of £8m and a quarter of the tonnage based on the NI 43-101 alone, this is probably the reason Myles (who has taken stuff through to profuction) joined the board. hxxp://www.helioschariot.com/2017/12/20/interesting-mineral-comparison-fcr-v-alta-zinc/ based on 8.3m tonne ... it's a quality asset.