Member Info for Shedulike

I'm expecting 'drilling complete' soon and then at least there should be an indication of how we'll be informed about the assays. Those early samples pictured in the Mar 2nd Tweet may even be done but will they drip them out or update in one comprehensive RNS? I'm expecting great things from the Kryptonite after yesterday's Tweet :)

Gregpeck should turn out to be a well timed arrival though I think we have a wait on our hands for the assays. My instinct is that they'll collate the whole lot before we hear anything but I could be wrong. Hopefully when they tell us that the drilling is complete they'll have enough information to give us an early indication of what we're looking at otherwise it's another 4-6 weeks going on past experience. We might even hear something on the corporate side of matters first for all I know.

There is possibly another way of looking at it, in that is LR just simply sharing an amazing pic with us? It was put up by one of his contacts on Linkedin. Of course we're all keen to see some solid news and maybe they should be more mindful of how it is when you're invested but not party to all the facts . I'm certainly not in the mood for teasers but perhaps the mistake was to cryptically link it to EUZ rather than just say look at this incredible picture of geode formations. Anyway it's not a big deal and certainly wouldn't want to discourage them from Tweeting.

I didn't want to be too critical Grappa as I think the relevant tweets have been great but I must admit I was a little unsure about this one. Not sure if I mentioned it :) but in the absence of any regulated updates from the drilling site a cryptic kryptonite shot is a bit annoying when you've got significant money in this and not much up to date info. Probably just having a curmudgeonly day.

Hi Gregpeck - I think you slightly misunderstood the point I was making. I certainly don't want them to rush the drilling just want proper updates. I'm not sure if you were with us on previous campaigns but they always reported each drill completion and commencement within the set with info on depth and wedges, visual mineralisation. It just kept us up to date on how everything was going, I'm just thinking out loud as to why it's different this time but Bricks might be onto something with the academic work.

I mentioned the other day that Antonina (literally just over the road from us) has been the focus of amateur investigations into the crystals found there. https://zh.mindat.org/loc-46509.html

Maybe Bricks, they are definitely still drilling which I take as a good sign. Suggests they are finding material that will support the objectives and they're maximising what can be achieved from this round of drilling. Just would like to know how it's going :)

Interesting find trade. Bit depressing watching us drift back but I don't think it's an indication of where this is going in the next year. Really I see it as a symptom of the news flow being so predictable as a one asset outfit. I think I said a while back that with more funding irons in the fire something could come left field to prevent this but as yet nothing. Furthermore I have to say they have, for some reason, decided to increase the RNS black hole by not updating the market on drilling progress. Whether this would have supported the SP I couldn't say but they have never done this before so a bit of a head scratcher for me. Sorry I couldn't summon up something more upbeat this morning but I don't accept that the lack of regulated information on this campaign can be put down to Covid, yes be wary of predicting timelines but why not update as before when milestones are reached? I can't think of any need for the increased secrecy, just feels like a bit of an own goal IMO.

Syntax I know that the hydrology is an ongoing process but don't know when we'll be updated. I guess the monitoring never actually stops with the piezometers but weren't we charged with drilling a bore hole at some point? Could do with a spark to get this moving again but I doubt it will come from the hydrology despite it's importance.

https://www.proyectotoral.com/contacto/

I've translated bits and there's clearly funds to be allocated to the various sectors but frustratingly I can't find anything that explicitly says that attendees have been invited to make applications. Logically I suppose why would we be invited if not, ie. please come to a conference where we'll talk about €95,500m of new EU funding but none of it's for you :)

Sorry trade your post wasn't showing when I posted. I just think the news from the ground is so much more influential than a chart in isolation to be honest. I'm sure we'll move quickly if we attract new buyers again. Not sure what to make of the Tweet have we been invited to make another grant application?

Interesting Tweet, but a bit cryptic?

Hope so gregpeck but if you scroll through the Twitter comments from last week its pretty embarrassing ramping really, 20p by lunchtime, 30p tomorrow etc. We'll do fine here but it depends on the news flow particularly funding, I'm not convinced drill results are coming soon either but would be delighted to be proved wrong.

Couple of Mining.com articles on Copper - one saying it's going up, one saying it's going down :)
https://www.mining.com/home-funds-take-the-money-and-run-as-copper-rally-stalls/
https://www.mining.com/web/trafigura-sees-green-copper-supercycle-driving-prices-to-15000/
Seriously though the first one is talking about sort term profit taking by speculators but more importantly the long term forecast is spectacular. I'm a bit sceptical about this super cycle though as there are massively influential industrial interests in keeping metal prices down but we'll see if the growing demand breaks the dam, same applies to silver.

Evening CHRI5P - it would be interesting to know who holds the other 1.5% in Lynchwood Nominees after DB. Saying that I would like to see the breakdown of holdings in Jim Nominees, I'm assuming they must hold the Directors stock but that nowhere near accounts for 17% of shares.

Catastrophic reduction Quant :) in any case looking at FAR today it appears to be more important for prospective investors in this sector to research the marital stability of the Execs, who's going to volunteer to ask LR & MC how things are at home?

You really should start by knocking off the upfront CAPEX of $79m at Toral. Quite what risk based discount you would apply for the incomplete metallurgy I'm not sure. We still don't know how the impurities will impact the economics, to be honest I'm not sure if an allowance is built into the Bara report, I do know however that the payments to Lundin are accounted for in the PEA.

I made the point earlier but it never appeared so apologies if it ever does and I'm repeating myself but I believe that Lynx Resources sold the Sasa mine in production so completely de-risked with smelter compatibility. Lynx therefore would have shelled out the CAPEX not CAML, so these are discounts to apply when comparing Lynx and EUZ. Still it's an interesting peer comparison but we're further back in the mining cycle unless my memory fails me.

Think you're probably right Dave. Looks like DB weren't interesting in shedding any of their 11.83% for a mere 15p or we'd have heard by now. I think it needs to be a full % point to notify so theoretically they could lose a few but I think unlikely. I note LR giving us a reminder that Zinc is our most important metal which can get overlooked when we get more excited about Silver and Copper. Good to see the Zn price back above the average used in the PEA, Lead not far off labouring slightly, good to soft.