Member Info for Shedulike

CHRI5P I do think they will want the new PEA as soon as feasible on the basis of what has been achieved since 2020. Most notably for me - ore sorting proving that early years conc will now be economic which should bring down the payback point plus reducing plant size. Record grades of Zn in 2022 and now our highest silver. Completed metallurgy which wasn't in the 2020 version reducing economic risk. Completed hydrology, completed geotechnical surveys and now completed environmental reports. So the new PEA will be pretty shiny compared to 2020.

Just thought I'd post this as I missed it while skimming the last RNS. With reference to posts questioning requirements to lodge a MLA, "The Company's mining licence application process has been progressing well with 95% of the requisite reports completed and submitted to the Regional Mining Authority, with currently only one environmental report outstanding that is in the course of being finalised". I do think Bricks raised a reasonable topic of discussion with regards to bank guarantees but I certainly can't find anything to say you need this before a MLA. In a way it would be putting the cart in front of the horse, in that wouldn't an investment bank want to know you're permitted to mine it before committing funds rather than commit funds prior to a MLA?

I'm also eagerly anticipating the new PEA CHRI5P, when you think that the old one took no account for the fact that we have since proved that the upper siliceous levels can produce a high-grade concentrate as well as the deeper high grade zone. We have also had the record grades at TOD-042 in 2022 and now elevated silver. Certainly the numbers are going to be transformed.

Denarius have just raised another CA$20,000,000 to fund initial construction of their Zancudo Project in Colombia. I would have thought funding for at least Option 1 of Toral will have been set aside from their RI and placement earlier this year. Interestingly they mention that the Columbia mine should fund their "Larger polymetallic projects in Spain". They only have one other project in Spain so I think it's fair to assume that we're included in that strategy.

To be fair I don't think Chesh was suggesting that - just nice to get some colour from the site. Would like some more technical info but the policy on that seemed to change during the drilling of WR-B01Za. Hey ho, onwards and upwards or rather downwards.

At last he's taking cost cutting measures seriously :) Just looking at the Krtsanisi CPR and WR-34 had oil from 1500m. Is it realistic that we're in that zone already? If so a picture of the reservoir will be unfolding so perhaps some confidence reflected in today's Tweet, possibly....

Chesh you're right to say we've mitigated risk as we have a proven concept to extract hydrocarbons from the Krtsanisi Anticline which we're repeating on this well. This is obviously not a do or die situation as we have the stability of multiple production from other sources as we all know but it would certainly be a bump in the road for the current strategy if we did have an unexpected failure.

It would have been nice to have been kept up to date on the progress of the drill - casing points etc. Perhaps they will Tweet when they start the horizontal section? Certainly a lot at stake here, in the success case we could be on the brink of a massive inflexion point with BLOE. A non commercial well, while not a disaster, would likely see the accelerated work programme on multiple fronts remain a vague aspiration.

Roger who claims he couldn't sell his shares on the exact day they were never more in demand calls EUZ a sham.... Hmmm well I guess you missed the RNS last week detailing the highest levels of silver ever detected on the licence, did they make that up? I'd also be interested to know how Roger knows LR's exact frame of mind when he resigned - must be psychic I guess? What exactly is supposed to be misleading about my post yesterday I'd also like to know. I can hardly be pretending that something is just around the corner when the last RNS says "Detailed environmental work is nearing completion in connection with the Company's forthcoming mining licence application". Denarius released US$1.8m for the initial work programme to this end so nobody needs me to tell them that it's happening. I have never urged anyone to invest but I won't apologise for referring folk to the facts in the technical reports when resentful investors start posting rubbish I guess as a way of dealing with their own disappointments.

On a wet Saturday morning I was just pondering how the three year trailing averages in Denarius' PEA might compare with the values used in our Nov 2020 PEA. Zinc is quite tricky due to the huge spike in 2022 but it should be in the region of $2900/t compared to $2668/t in 2020. Around the current mark of $2150 compared to $2099/t for lead in 2020. No surprises that the big winner appears to be silver which averages approx $24/oz up from $16.5/oz. Coupled with what will be a big uptick in our indicated resource it's going to be fascinating reading when the new financial metrics come out. Obviously CAPEX requirements will be going up as well.

Ignore the second sentence of my 9:04, not happening. So with 051 nearing completion assays could be complete end of the month and an up to date JORC end of September / early Oct? Should make very interesting reading as will the PEA as the bigger numbers come in. Have we left Aquis btw?

Time will tell I guess CHRI5P but I thought the campaign was purely to infill on the current block model. Maybe they feel they have enough and the final drill will be a kind of 'wild cat' going below 1000m and wedging off directionally. Just guessing.

There we go, all good - delay due to resubmitting assays to confirm unprecedented high levels of silver. Waiting on environmental studies for MLA, as I guessed before these almost certainly require third party expert approval so we're probably at the mercy of the boffins on those. Don't know if anyone can enlighten me but I make it 4,439.7m of drills completed. They say 7000m in this campaign and that "Hole TOD-051 is currently nearing completion and comprises the final drillhole for this campaign" , surely 051 won't be 2,500m? Have I missed wedges?

Thanks CJ appreciate the supportive comments. I have had reassurances on a couple of fronts and asked for permission to share on here which was granted. Sadly after reading yesterdays posts I didn't feel inclined to. For anyone genuinely invested I apologise but I'm sure it won't be difficult with some professional correspondence for anyone to get the same info. Just to say there has been a misunderstanding on the 31st July deadline which has more to do with us and Denarius than the Junta. I do think that EUZ RNS's haven't helped as they gave the impression that the 31st was indeed the Junta's deadline so I hope I'm not struck off the payroll after this public show of dissent.

Code dam busters, well nearly....

Ha ha steady on Chesh I only looked at Twitter :) Looks like Heps has gazumped me anyway!

I'm not sure how analogous this well is to WR-B01Za but they announced spud on Dec 13th and posted on Twitter that the horizontal section had started on Jan 13th so I think we have a way to go yet unfortunately Chesh.

It does feel a bit like info is on the decline. They produced a technical video before JKT-1ST and the Tweets from WR-B01 ST provided more info on the operational landmarks but I guess it's early days on WR-34Z. I don't think we had TD info on either of the first two wells (before drilling) though I'm sure I saw a diagram showing the well design of WR-BO1. I think the shutters came down a bit when WR-BO1 had wellbore issues.

Hey Jed appreciate the humour from a holder but as I'm sure you know they're not drilling for fun. As we all know going for maximum certainty in the central mining zone before the PFS. Speculation alert! Do Denarius want a bit of 'measured', possibly. Slightly more interesting is that on limited info I reckon that recent assays have thrown a curveball and they're being reexamined - which explains why TOD-044 which we know was at the lab mid May hasn't been made public. Could be good or bad, wasn't it ever thus with EUZ?

CHRI5P I do think an RNS just making the situation clear would be in order. As you say they have stated there is a 31st July deadline so really there ought to be clarification should that pass without news that the MLA is in or not. As I said before if they do need more time I can't see it being a problem but I believe they should confirm that with the market.