Member Info for Numptypi

Colin Barndon would be an ideal professional to respond to the current government consultation, does anybody have contact with him...?

CHRI5P, I obviously hope that you’re correct, but personally I would question whether your timings are achievable. This placing finance will move us towards the pfs, so there’s more to do afterwards to complete pfs.
Afterwards there’s other things that should Possibly be considered, a full feasibility study, proving the asset beyond inferred/ indicated, and a completed mining plan for starters. There’s also the issue of being open both longitudinally and at depth which therefore needs further drilling. Our additional resource may throw in possibilities but certainly more questions.
I like others didn’t originally expect them to mine themselves, but now that this scenario is looking potentially more likely, the final prize although much larger is also further down the road. Then again something could surprise us all ...what do I know!

PeterS23, if as you say DB have been negotiating this price for months, why didn’t they simply buy much cheaper following consolidation.

Numpty pi

I’ve mixed feelings about today, disappointing- obviously, but given the awful historical disregard over protection for shareholders it’s not really a huge surprise.
I genuinely thought that a modest Eu grant and met results were likely to be announced first, and then raise from a stronger position.

In fairness It could have been a lot worse, but as mentioned earlier It now raises some questions about the content and timing of mets, and likelihood of alternative funding.

In a spirit of balanced posting, we do have both LR and the ii buying at a price much higher than they could have done, We also now have significant funds to progress the viability of mining Toral.

Do I believe that our BOD want to actually mine Toral...yes,
Do I think it’s going to happen... yes
Do I think there’s lots to shortly look forward to... yes
Do I wish I had delayed a pre ss investment...YES!

Numpty pi

Magoo247, pfs isn’t due. However today’s placing will enable the company to progress towards it.

"With the completion of this significant Fundraising, Europa Metals can see a clear pathway to completing major items that will form part of a PFS. The net proceeds will enable us to continue the efficient work that our team has been carrying out at Toral and increase our level of activity at site to move the project forward in respect of the key workstreams outlined."

The unknown factor of course is what is the expectation of time and cost remaining once the above has been completed.

Numpty pi

10bT not qualified to advise but you could google “bed and isa”

Numpty pi

In September 2018 we began a circa 18 month process to obtain a mining permit. Since then two significant things have happened which directly affects this process. Firstly we had Spanish legislative changes in March 2019, and obviously the second was coronavirus. The application seems to have been generally supported so it’s not unreasonable to say that a decision might be expected in the near future.

Shed, good point and quite correct to remind the newbies just how little effort has gone into our broker notes. My hope is that LR has addressed the issue by now so that there’s no repeat, both the company and frankly anyone who reads the notes deserves better...much better!

So you said that you bought on Thursday, 24 hours later you said that you would hold till 40p, now you ask if there’s any upside... so to answer your question..absolutely not, we just turn up here for a laugh.

Lewbos yacht (tentatively called all at see) is gradually becoming ever more a reality. When it sails is still the question, for me it’s never been a question about IF it sails...

Whilst nothing is certain, I believe that the paucity of copper may be at an end. In addition, I believe that it’s prudent use of company finances that explains most succinctly the reason why copper has been effectively left untouched on the pending pile.
Either way, the more important question for me is not why, but why now? Let me explore my Sunday morning musings.
The unexpected changes to all of our top team, not forgetting an immediate effect departure. The marketing agreement, the loosening of the purse strings, the additional resource, phase three mets, updated economics and the updating of our jorc are all converging in a clearly choreographed fashion. Exiting times indeed but our specific direction is yet to be clarified!

Numpty pi

https://www.standard.co.uk/business/nividia-buy-chipmaker-arm-a4524761.html

Translation part two
Interregional and intersectoral impact at European level

Eleven European partners participate in the MINE.THE.GAP project, of which 9 are industrial clusters representing more than 1,000 members and up to 529 SMEs. The participating countries (Germany, Bulgaria, Finland, France, Poland, Portugal and Spain) represent more than 50% of all SMEs in the mining sector in Europe, which gives an idea of ??the potential impact on the sector in terms of competitiveness and growth economic of SMEs.

MINE.THE.GAP will be strongly oriented to the promotion of interregional and intersectoral collaboration at the European level, which implies that projects that involve synergies not only between different sectors but also between the different participating European regions will be favored.

Both the Cluster for Sustainable Mining and the ICAMCyL Foundation trust that this project will alleviate the technological backwardness and lack of economic resources of national mining SMEs when investing in new technologies that improve their productivity and the sustainability of the sector in their set.

After the launch of the project in June, it is expected to launch a first round of financing as soon as possible, foreseeably in September, to which all those SMEs in the mining sector that present new ideas for modernization in collaboration will be invited. with technology provider companies. In this sense, the Cluster for Sustainable Mining will make a notable effort to prepare and communicate so that SMEs belonging to the association present innovative and competitive projects.

The general director of the ISMC, Santiago Cuesta López, has pointed out the enormous impact that this project will have for SMEs in the mining sector: 'The MINE.THE.GAP project is a magnificent opportunity for the mining sector to embrace the new technologies and is incorporated into the sustainability and circularity trends of the rest of the European industry '. Also

Translation
The Cluster for Sustainable Mining achieves its first European project, MINE.THE.GAP, which will mean € 4 M in direct aid to mining SMEs

UNDER: NEWS
The 'MINE.THE.GAP' project, coordinated by the ICAMCyL Foundation, has a budget of € 5 million, of which more than € 4 million will be used to finance innovation projects and other additional services for mining and mining SMEs. raw materials in collaboration with technology companies from other sectors. This financing will be channeled through 9 European industrial clusters, including the Cluster for Sustainable Mining.

The Cluster for Sustainable Mining has achieved its first European project within the Horizon 2020 research and innovation program. The MINE.THE.GAP project belongs to the INNOSUP call, whose objective is to provide technical and financial support to SMEs through industrial clusters . This project will have a decisive impact on the mining and raw materials sectors, since most of its budget (around € 4 million) should be allocated to financing innovation projects and services in SMEs in these sectors .

During the three-year duration of the project, there will be at least two calls open to SMEs to carry out innovation projects in the mining sector. These projects must have an SME from the raw materials and mining sector, and two technology providers in the fields of ICT, circular economy, advanced manufacturing or resource efficiency. Around 30 projects will be financed, benefiting up to 90 SMEs among technology providers and the mining sector.

In addition to these financing rounds, the MINE.THE.GAP project will offer free services to SMEs from all participating sectors in terms of internationalization, technological surveillance, technology transfer, training, search for partners and exchange programs. These services are expected to give a decisive boost to the modernization of the mining sector, one of the hardest hit in terms of productivity and employment in recent decades in Europe.

A decisive help for the economic recovery after the COVID-19 crisis

This project comes at a critical time for our local economies, which have been severely affected by the stoppage of activity due to COVID-19. As stated by Santiago Cuesta, general director of the ISMC: “MINE.THE.GAP is going to be a unique opportunity for mining SMEs to make use of European financing to stimulate the return to activity after the stop of the last months." Santiago Cuesta has also indicated that the possibility of creating an urgent round of financing aimed specifically at alleviating the effects of the crisis on SMEs in sectors of interest to the project is being explored.

Interregional and intersectoral impact at European level

Eleven European partners participate in the MINE.THE.GAP project, of which 9 are industrial clusters representing more than 1,000 members and up to 529 SMEs. The participating countries (Germany, Bulgaria, Finland, France, Poland, Portugal and Spain) repres

B1ll, Feb 28 rns May help.

o 245.55l/s flow across the proposed mineable project area falls well within acceptable levels for economic mine development; further work, including a borehole test, will need to be undertaken to enable a pre-feasibility study ("PFS");

·; Future project operations deemed unlikely to have a detectable influence on the Sil River located in the immediate vicinity.

Laurence Read, Executive Director of Europa Metals, commented:

"Assessing water conditions is a crucial component of any mine development proposition. The monitoring of local water conditions from the newly installed piezometers will enable us to model and understand the existing local hydrogeological conditions to thereby ensure that the correct mine development decisions are undertaken for Toral, with reference to project location.

"The results from the initial conceptual hydrogeological study on the Toral Project are positive, outlining a water management scenario that falls well within acceptable boundaries for mine development in terms of economic viability and environmental management. Additional work will need to be undertaken in order to test the conceptual study's findings, but the initial results indicate that Toral should have limited impact on the local water conditions and that it does not suffer from any significant water issues that could impact on the future economic development of the project."

Numpty pi

Our asset is obviously only going to achieve its full potential after its been mined, but the chances of that happening have now clearly increased Very significantly.
Hats off to all involved, confidence in precisely what lies beneath Toral has taken a very definite step forward today.
In regards to posting in a considered and balanced fashion, I would add that there’s no point in sugar coating the fact that imo, funding remains a clear issue of concern, but even having said that I topped up twice last week based purely on the facts. Following today’s rns I’m now even more confident that we are going to see a mine at Toral.

Numpty pi

And voila it’s back!

My reply to private R is missing... it wasn’t that bad surely!

PrivateR, updating the jorc is a fantastic idea but it’s expensive and it isn’t something that just happens. My take is that when it is updated you can assume that it’s become a necessity (perhaps because someone else wants it) and finances allow, both scenarios make me smile!

To clarify, copper has been found both at depth and near surface, which explains why it’s a possible contender to explain the additional resource comment. Copper is a valuable commodity and if you have already paid mining costs it’s a gift. I understand that it’s unusual because it’s a separate geological event but in the same place, but now we’re well beyond my pay grade!

Numpty pi

Initial hydrology as you say has already been successfully completed. A bore hole is still required and additional sensors will need to be installed but I’m not aware whether either have been either costed or started. Existing sensors are currently expected to provide quarterly results throughout 2020. All details are in Feb rns