RE: Well17 Dec 2019 17:59
Shed, I do completely understand where you are coming from and it does feel like it will take a lot to move the SP on the day. However I feel that there must be some correction over a short period of time due to this statement from the previous RNS. '' Such a report will provide an initial understanding of the potential saleable zinc, lead and silver concentrates obtainable from the Toral project, in addition to data on potential recoveries from a future mining process and identification of any by-products from future production.''
This report will incorporate an initial idea of what can be sold with what we have proven up already. Due to the size of Toral and with the figures quoted already in the JORC, on the Zinc in place alone is US$1,884,100,000 if my figures are correct. So with this in mind there simply has to be a re-rate when the capex for the project is US$33MIL. Simply put there has to be some kind of all time screw up for this company not to be trading at North of £50mil Mcap surely??? This is changing from a speculative December hold to a packaged deal if the figures stack for extraction. Bring on 2020