Member Info for Shedulike

Ha ha yes Bricks should be close, but when it's close I would normally go with home advantage. Just thought I'd lob a hand grenade over to Cardiff where my comments would be considered high treason :)

Interesting find Bricks. More interesting what do you make of the Lions squad? My main concern is Alun Wyn, who is clearly past his best and shouldn't be captain, I'm just talking absolutely brutal margins, great player but could just be one campaign too many, Gatland's loyalties may come home to roost. I also see Bundee Aki as a wasted selection, nobody in modern rugby is worried about a big physical centre who runs it up straight. I think Sam Simmonds was a good decision though I don't doubt Gatland did it to stick two fingers up to Eddie Jones who IMO is a complete di*k who England could do without. I confidently predict three-nil to the hosts.

Miln I think this is actually where we could be lucky as the Mayors want us to infill some old quarries, there is also potential synergy with the cement works who could use some of our limestone waste. Even though this is a mining region there will still be environmental sensitivities of course, I posted something the other day which I stumbled upon saying that we aren't allowed to dump anything within a sightline of Las Médulas I guess because the old Roman Gold Mine is now a tourist attraction.

I'd probably lean towards bad translation.
"Además, el proyecto cuenta con las singularidades propias de la minería subterránea"
Many languages draw on the latin for underground. Milnrow can you post the Spanish quote that is coming up with the translation as 'indoor'? Preferred mining method is currently SLOS, sub-level longhole stoping, not sure if this is commonly referred to as 'indoor' mining.

Just a guess Bricks but is that the difference between the total rock mined and what actually goes to smelter minus waste minus backfill.

Two trades actually - you missed a sell on Aquis :) Roger I have a varied portfolio but EUZ has always been the one that fascinates me the most. If that amuses you it's not a concern of mine but I don't agree that there is nothing to write about, lot's going on if you care to look. As for finding the time, well I don't need to justify myself to you and explain my work patterns but I note that prior to this post you have made twice as many posts than me on LSE today.

Interesting that the analysts ask about this (questions from about 24:24) in the webinar,
https://www.youtube.com/watch?v=yobiIFIDlTI
..... they seem to be wanting more LOM and resource but LR & MC make a pretty good case for the strategy of directing limited funds to prove the viability of a smaller block model. I guess you can't ignore someone like RR though and we're competing for the attention of these people against bigger projects, as he says what can go wrong with a big mine can go wrong with a small mine. Sorry I'm just a bit down with this at the minute, mainly because of the phantom 'value event', I also notice they cut the question about smelter compatibility and deleterious elements from the webinar - bit naughty.

Great quote - could have been written for us. The only downer from Ricky Ruler is that he says he wouldn't look at less than $10B recoverable in-situ resource before investing, I wonder if this goes someway to explaining why we're not attracting more institutions?

Ha ha I thought it definitely drew on the cinematography of Halloween, I was certain something nasty was going to happen when the John Candy character used the circular saw. That's it! The value event must be flogging low budget horror films.

Largely agree with that Numpster but there is another way of looking at the observation "we the owners are definitely not their focus", which is thank God for that! There are plenty of AIM companies who prioritise impressing investors over the real work on the ground. They get found out in the end whereas with EUZ I believe the value will eventually emerge all the stronger in the end. That's not to say a better balance couldn't be struck with EUZ so I'm not totally knocking your point or attempting to forward a watertight argument of my own.

Good stuff Mm's - I remember saying before the last grant / loan that our own pursuit of funding might depend on what we can obtain from the authorities. In other words where we are now with AH's work could depend on what might be possible to secure from the Junta / Spain / EU. Of course you can never have too much cash but there would be little point us taking on x amount of debt or surrendering y amount of the asset to a partner if we could secure z amount of funding to maintain our independence or as much as is practically possible. I'd rewrite that if I wasn't rushing out :)

No I was only joking Mm's though I still think the 'tease' shouldn't have been RNS'd in the HYR, I guess we can only hope that the Nomad was happy that something is indeed in the pipeline so it was a reasonable inclusion. Was looking back at timescales from drilling commencement and first assays and last time it was just under 4 months so we're actually not much over. Having said that with TO-024 and 25 there was a long break for Christmas. I still wonder if they want to include the ore sorting with the assays as that is so important to proving that this zone will make money, might explain the wait.

WA are definitely doing the metallurgy and also combine with Tomca on the ore sorting. ALS do the assays unless they won't have us back after the TOD-25 cores broke the grade dial. Littleathena, looking at the number of trades I wonder if the value event has been cancelled due to lack of interest :)

...... stumbled on this......
"The Scoping Study considered several options for the location of mine waste facilities, including valley disposal on the western end of the southern slope of the Toral ridge, that are not within sightlines from Las Médulas".
Shame Pliny the Elder didn't wash some of that gold over to us :)

..... and going back to Dec 2018......
· No deleterious elements have been identified at this stage. However, the zinc concentrate produced at Rubiales was noted to contain 0.12% cadmium and 0.16% mercury so is likely to need appropriate blending at smelters.
I'm not posting this to damage my own investment but so we all know what has to be tackled head on. I do feel this has been kicked down the road for two long. For certain an otherwise compelling economic picture is not convincing everyone.

I've mentioned this before so apologies to anyone who has heard this previously but I think the single most significant barrier to institutional investment is the missing link in the flowsheet which is deleterious elements. The quote below is incredibly from April 2020:
"Analysis of the final concentrates for deleterious elements has highlighted the need for further testwork optimisation in order to keep them below the level that could incur a penalty from off-takers/smelters. However, without a separate marketing study to confirm this, no firm conclusions can be drawn at this stage. Importantly, the concentrates are free from a number of deleterious elements otherwise present in concentrates from the region, including iron, arsenic and bismuth. Additional testing has therefore been recommended by WAI to confirm the existence or otherwise of such deleterious elements across other parts of the deposit and, if present, to consider potential methods with which to limit or mitigate their impact".
- Over a year on and we're still waiting and don't think it's just me as at the analysts event the question was put about smelter compatibility and impurities and it wasn't directly answered. Until it's sorted a question mark will hang over the economics I'm afraid.

Wasn't the last guidance 4-5 years from now? That would be 2025-26, usually I would anticipate slippage but with the will of the authorities I believe the opposite is possible assuming successful hydrology and environmental work.

Interesting find Mm's but doesn't that mean they sold just £26k's worth before end Dec 2020? I do wonder if CB could also be selling his personal holding in EUZ though.

https://en.wikipedia.org/wiki/Truro,_Nova_Scotia

Ha ha I did check if it was similar in Spanish and er.... not so much. But I do think it is an error and of all the places our core goes Cornwall / Canada seems the most likely mix up. Hope one of our new employees didn't send them to Canada by mistake, WAI are based in Truro and inevitably there is a Truro in Canada - now that would explain the delay :)