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Sorry RoT's I actually looked back at that bit of the interview on the strength of that so it was an interesting spot. Keep posting!

Don't worry Andy look at it the other way round. Supposing LR threw every last penny at drilling for dizzying resource levels, I bet the SP would be a lot higher but hand on heart how many of us would be saying "Hang on a minute where's the flippin geotechnical survey???". Thankfully they know what they're doing and because of all this essential work we're not going to fall flat on our face when it comes to selling or seeking partnerships.

mjt - there is a lot in addition to hydrology and mets coming soon - assays, land use application, stakeholder engagement update, Running of the Bulls in Toral.

Top shell-like work Trade, I missed that.

Sound suddenly emerged as if by magic. Interesting, as always suspected direct engagement with industry informing the work programme. Swingometer of sentiment creaks back up a notch.

Anyone else not getting the sound? Trying to watch it on my mobile but that shouldn’t be a problem.

Kully we have discovered copper in both deep and near-surface drilling (see assay reports and CB comments in Final Results) last year. They have always avoided waving the flag too much over it because I suspect only the final mets will tell us if it's an economic product at the smelter. I was slightly concerned that Cu can even be a troublesome by-product in Pb-Zn assets but the hint in the last podcast that we have new products in addition to the silver that give us funding optionality suggests to me that they could have unlocked it. I don't really know what else it could be, it's worth listening to again as he actually uses the plural so maybe more than one marketable by-product. Anyway have a listen and see what you think, it's in the last of those clunky J Waite podcasts.

Well spotted 10bT, as I said I constantly review my expectations and I post 100% honestly. My 'swingometer of sentiment' has dipped slightly due to global economic headwinds and China uncertainties that can't be ignored. Don't be concerned but you can't discount these risks :)

Really good news that supports the most efficient mining model - sounds like a fractional decrease in the already low CAPEX may be on the cards. This is really important stuff - 67 samples and nine labs used, clearly we are delivering the most robust data set possible.

Are we about to find out? RNS's seem slow today.....

Mokgone I agree with Shandy but would add that no indication has been given about exactly how long we are funded for. We only know that there aren't funds to continue drilling or to embark on a pre-feasibility study. Seems like they are preserving cash to ensure all the metallurgy, geotechnical, environmental and hydrology can be completed. Hopefully by then the land-use application will be in and the stakeholder engagement will be advanced enough to provide a pretty impressive package to a buyer or partner. As I said earlier if a sale or decent JV can at that stage be achieved we will be knocked down by not being able to deliver the PF but I'm hopeful that a fair deal could be struck. GLA

No they can legitimately choose to announce the second phase metallurgy as one package just like the preliminary phase. They didn't incrementally RNS the grind calibration tests, then the open flotation tests and so on. Nice try, bored now.

Truth is I don't know that it will, let alone when but it all depends on what path we take. I think if they do explore the 'funding optionality' path we stand the best chance of breaching 0.5p but much further down the line. I suspect that if we sold before a pre-feasibility study we won't get even half NPV. However the official NPV figure comes from the 2018 SS, prior to all the 2019 drilling, JORC & mets, plus whatever 024 and 025 have thrown up so it's anyone's guess what a fair NPV might be now. I'm optimistic that whoever the NDA's are with are supportive of our work programme and may even have influenced it and will want a fair transaction. Roughly we need 20x current SP to get to 0.05p so is it realistic to sell this for around £75m as we stand? Well we know that the CAPEX is deducted in the NPV so it wouldn't seem impossible but I guess a buyer would also be knocking off the cost of pre-feasibility, risk of acquiring mine licence etc.

I think you're being a bit generous Bricks - I also completely understand the low sentiment and weariness expressed today but I do have an issue when that is expressed with misleading comments.

Nothing wrong with scepticism and a rigorous critique of EUZ. I'm simply pointing out where BB's comments are misleading and in an example today, plain wrong. I'm not a cheerleader for the company and have often been critical myself. I also strongly agree that the track record of AIM mining exploration companies converting for shareholders is appalling. Therefore I continually reassess my research with EUZ and I believe from our position today there is a path to shareholder value, if I didn't I would take my investment off the table. To leave anything at risk when you have lost faith in the company is near on madness. I am positive that this can be moved forward whether in JV, perhaps offtake arrangement or ideally complete sale so my posts are in alignment with my research, expectations and actions. Some of the folk tearing their hair seem less consistent.

You're doing it again BB - in your determination to run down the company you're getting your facts wrong. The co-ordinates error was manifested in the Oct 2018 annual resources estimate, the mistake was discovered during the Scoping Survey process and when it was published the correct licence area was taken into account. Stop it please.

BB it's completely normal and expected to provide guidance on expected timelines. In all exploration things will slip a little, Iooking back EUZ were pretty accurate with the drillings estimate, time allocated for assays, JORC and Mets. The Mets came Q3 as we were told albeit later in that period than I personally expected. I also admit the fact they were only 'preliminary' took me by surprise but looking around that is completely normal in the industry so again my mistake. I do think your low opinion of LR leads you to make some daft assessments - things will 'happen when they happen' and he has 'no idea what will happen in three months time'. That is blatantly complete hyperbole, of course he has an idea while I agree there will be variables. You go way too far and lose credibility because of it.

Indicated and inferred combined I should clarify, AM had inadvertently lopped off the critical indicated category in the breakdown of resources.

Don't forget that 18Mt includes some indicated tonnage AngelMarbles.....
.......830,000 tonnes of zinc, 570,000 tonnes of lead and 14 million ounces of silver.

Crystal ball still cloudy Bricks. I'm sure they must have the second phase metallurgy for the zinc but we don't know if they'll release that separately from the deleterious elements and by-products or all together. It's a bit infuriating that we've known since the end of January that there's something else in the mix that gives us funding optionality in addition to the silver but we're still waiting.