Member Info for Shedulike

I don't doubt that GGP has some exciting prospects but it's market cap would comfortably put it in the FTSE250 that's significantly ahead of many large established producing golders. How many years from production are they? I don't know much about them to be honest but it looks like the mcap has overshot to me.

Interesting day in the metals markets. Bad day for gold and silver / good day for industrial metals, I suppose it's handy that we have exposure to both. What I don't get is that every time there is vaccine optimism gold gets hit but I've noticed silver gets hit harder. I completely get why money goes from the safe haven of gold to equities when this happens and you would expect silver to get dragged down in sympathy but why more so is beyond me as silver has more industrial applications.

I think it could be to protect the jurisdiction from a scenario where a major snapped it up only for the project to gather dust. There's certainly a picture building of the project being both viable and desirable.

I'm not sure to be honest mfm - it's not a professional translation so there could be a subtlety that we're missing. It does add to the picture that they want this built though doesn't it.

Not often you see lead as the top performing metal of the day. Easy to forget that our least glamorous product is projected to make up well over a third of our revenue.

Blimey CJ someone seems to stick another 6 months on every other day, this time next week it will be 3-4 years :) Seriously though they initially said 1 year but I think they expected to drill before Christmas which is why it became 12-18 months. I'm optimistic that's cautious as we only have funds for one drill campaign, assays seem to take a month and metallurgy up to three at a guess depending on what they're investigating. Hydrology is ongoing and time being pressing does seem to be getting mentioned more often, I'm sensing we were awarded the IP with a caveat to get on with it. Jesús on the stakeholder engagement site "During this new period, valid until November 15, 2023, Europa Metals will prioritise all the work necessary to finalise the design of a sustainable mining project with development guarantees for the Toral project and present the documents that accompany the Concession application of Exploitation, in the shortest possible time". One disclaimer - that's Google Translate.

Mailgirl I also think there is a huge swathe of AIM PI's that don't even research but just hang about on this board looking to go with the herd. I'm sure they get lucky at times and stung on other occasions. I've seen that culture intensify on here over the last couple of years. As you say this is greatly de-risked to deliver a mid-term result for investors and I'm really happy with the work and our prospects but I don't see any near term news that will bring the masses rushing back for now.

Fair play Michael - some good points there. Let us know how you get on.

Sammy that I really couldn't tell you. I think I said on Monday that if you need proof that the market is at times illogical look back at our most intense period of buying. It came off the back of some visual unproven mineralisation before we had any indicated or metallurgy, yet now after even better independently verified drill results and all the de-risking nobody wants to know. I am concerned that EMEA seems to have produced zero results but against that DB and others expect to make money from the 12.75p equity raise.

Michael if you listen to that drivel I can't help you, did you put your concerns direct to the CEO? It is your right as a shareholder, I really think you'll find it very helpful. Trying to establish your COS by reading this board is just going to confuse you. There are some very embittered investors on here who one minute will tell you they're topping up and the next that this is a nailed on failure. Before the AGM we had someone saying that LR was ignoring them, he offers his phone number and guess what? They disappear. Where were all the naysayers at the AGM? You could log in from a mobile phone but they all go quiet - just challenging questions from three honest posters on here - what does that tell you about integrity? I wouldn't recommend trying to form an opinion by reading this board, dig deeper for yourself.

Yep a fair point UKI and you have to factor in operating costs as well as the CAPEX of course but I'm certain the local jurisdiction want this economic stimulus and the myriad of positive knock on effects for other businesses in the region. As Brikz mentioned earlier so few of these projects become a mine, we have tangible evidence that this stacks up and crucially that the local politics align with our interests.

Nissan & Honda next:
The decision is the second major blow for Bridgend, as the factory would have stood beside the now-closed Ford engine plant. Ford shut its factory in September after 40 years, with the loss of nearly 1,700 jobs, one of a long line of car manufacturers to leave the UK or reduce output over Brexit concerns.

....... Billionaire Brexit donor moves his business to France......
https://www.bbc.co.uk/news/business-55236852

UKI upfront CAPEX of $79m stacks up pretty well against the value of our metal in the ground. Four years to break even and next round of drilling looking to reduce that. I'm disappointed that we can't afford to explore it but it's unimaginable that the 2 k's of running room to the east won't extend the mine life.

Michael not sure there's any lack of clarity in the strategy - drill for more indicated and metallurgy, complete hydrology and environmentals and produce a PFS. What comes next is inevitably not nailed on for a multitude of reasons, it is an uncertainty and a risk for all us who choose to leave our capital invested. If they promised exactly what form the endgame will take it would just be speculation. It depends on how the work unfolds, the markets in 18 months time and crucially I believe, what the Junta want. What is certain is that there will be options. If you still don't see a clear way forward take up LR's open offer to speak to shareholders, I would recommend sending an email with a request for a call back.

Tumbleweed Grappa? How dare you! Second trade just gone through - massive sell :) Seriously though there's lot's going on throughout 2021, I know you don't think it will affect the SP but I won't be taking my eye off it. Remember that markets always look forward not back like depressed LTH's, we will have drilling and all the other de-risking workflows plus Conrad could pull a rabbit out of the hat at any time.

Don't forget IRC is yet to benefit from the Amur Bridge which is completed but not operational yet. It's certain to have a positive impact on IRC's operating costs.

That's the effect of the three year trailing average Shandy. Silver could well be double the $16.5 per oz in 2021 according to forecasts - we'll see.... Zinc is currently slightly ahead and Lead is hovering around the figure used in the economic report so it just means our model is as robust as possible. Copper is a frustration as there must be value to be had. The most I have gleaned is that we don't have the time or money to go after it so we're concentrating on delivering a ready to go mine based on our core products. Guess the Copper will just have to be Brucey Bonus down the line along with the 3K along strike which we also can't afford to explore.... yet. There has been a lot of emphasis on the urgency of time recently. Bricks first picked up on this with Jesús' comments on http://proyectotoral.com and it was a regular theme in the recent presentation AGM. Just feels like the Junta want this moving asap.

Good question that terrace - let me have a think and I'll come back to you............................................................................................................................................................................................................................................................................................................................................................................................................................................................. still thinking...........................................................................................................................................................................................................................................................................................................................................this is harder than I expected.................................................................................................................................................................................................................................................................................................................................................. sorry got to see a man about a dog.

Not a problem Tilly I enjoy the surreality of an Abroath Smokie coming back to life and landing on deck!