Member Info for Joeman1

Latest timescale for the DFS is this quarter Electric.

This is the first milestone following the project designation under CRMA. The EU under CRMA should now be expecting progress from EMH and the project overall otherwise there would be the threat of this designation being removed.

Thats what im hoping is a driver for this DFS being released before the end of June..... on time!

... but of course we have been let down many times before.

I im honest I could also do with more reassurance that the DFS is going to be delivered in May/June this year.

Although it feels different this time we have been stung before.

42p would definitely be the answer 🤣

Yeah 100x the next biggest Rutile mine seems almost unfathomable.

Im going to assume for my own sanity that the JORC is much lower that this but that even if it ended up being 1/10th of the "Exploration Target" it would still be a monster.

Tangerine....dont wish for this until April 7th..... then you will be getting 30% more shares in your ISA PF than you would have been

So, when in April are we expecting to receive quarterly production figures?

Thats where the trading halt is Les.

Surprised it isnt marked as such but it shouldn't move until this has been lifted.

And included amidst some other very important deliberations

Brilliant, thank you Rpks

Thanks Rpks..... I see from this article that the government is to decide by today whether Cinovec is a strategic development.

Can you keep your ear to the ground on this one for us please? I would be good to know that this was ratified. Even that seems to have taken a long time from when it was first announced.

GLA

Mid 2025 is only 3 to 4 months away now. It is not worth me giving up my shares now but we should all realise that if they conjure up another reason for pushing back another 6 months, there would be another dip in shareprice as im sure there would be shareholders that arent prepared to stick it any longer..

Bottom line, it is time for them to man up and stick to this final DFS target. Im assuming that the FID will be following in short order too.....

Great presentation from yet another SVML board member that sounds like they know what they are talking about.

Do we have 6 to 9 months of this before Rio makes a play? Or will it happen sooner.

Solid board hopefully means we can play hardball with this an potentially take it through to production

Why did I think we were looking at 15million with a potential to increase this to 18 million if the buyer was to add a sulphate stream?

Have I been overdosing on the coolade again?

Surely a party selling their "resource" for processing through Roan, will want to wait until the shareprice is benefitting from the processing of the higher grade material before selling the bulk of their received shares.

If they just wanted cash now.... they would have negotiated that... no?

I remember listening to this, but on the Spotify podcast. Good to put the faces to the voices. Didn't realise there was a video

I recall the additional supports and the impact on progress to get to the ore. I'm sure this was in an interview with Paul.

What the impact of this will be on profits im not sure but it is against a backdrop of rising commodity prices so every chance it is swallowed up.

I also thought they had recovered development rates when they switched to the local contractor. I assumed this was partly due to them getting through the poor section.

Rax,

If they hadnt had a delay they would have still had to find funding for this accelerated expansion.

The financial position would have been similar because they would not have negotiated the delay on their first debt payment and so at this point the balance sheet would be very similar.

So accepting this fact that they would have needed to find the extra money for this, their options would have been

1. dilution

2. Debt extension

3. Forward selling of product

Personally I think dilution was the best decision in this instance.

Considering all the talk about potential ballooning of the silver price, there is a risk that more forward selling could seriously undervalue our product, so id have avoided 3.

Im guessing the extension of debt would be costly at this point up until the point we have a couple of quarters of production banked, the current debt and the approaching repayment dates may present to lenders a risk of their investment in part being funnelled to the existing debt, so 2 may not be attractive.

only 6 or 7% dilution for a massive 63% increase in future production rates must have a massive improvement on the financials (NPV, IRR, FCF, EBITDA) and so falls into category of significantly improving shareholder value..... We weren't participants in the raise (I dont think) but with the shareprice doing the usual drop to match the discount, we have the opportunity to buy more to maintain our %.

So im happy with the selection of dilution to fund the fast tracking of this opportunity.

I'm happy that this raise has happened and what the funds are to be used for. Prior to it, I was expecting a 50% increase in SP once up to full production followed by years of time dividend payments.

Now I'm expecting >50% uptick as well as ncreased dividends.

The undefined things being the new NPV for the upgraded project and mine life. But on mine life, so far every drill campaign has solidly increased resource so I'm confident that mine life will be sustained through increased resources.

Anyone see any negatives for this? Am I missing something?

But - they stated cash neutral on a throughput of only 25% of the nameplate.... so this mine will make money as they ramp up.

It was also stated that the commercial production target 21days at 75% of nameplate, could have been completed by now if it hadn't been for the weather disruption. so the production is cash neutral at 25% of nameplate but they will be producing 75% of nameplate this quarter. It seems good to me.

And again, the short that has just been opened will need to close if th commercial production RNS is good so it will be an added boost.

Fingers crossed