Member Info for spoon_key

As you seem to be the person who is not shall we say, overly liked on the here, can I ask you a few more questions? Anyone can answer but I just feel as you seem to be the big bad would here you may give me a heads up on some of these questions but in a more negative but "Honest" Way, if you can please? Thats not saying others are not honest but sometimes you get a different pov from those who have more worries than those who maybe come across overly positive.

1) - Do you think the funding for the mine will come before a raise and will this funding include costs to run Kefi or is that a seperate issue? If so I can understand the point in needed a raise at some point atleast until they start mining and hopefully making money from it. Why is a raise such a big issue if it gets Kefi mining?

2) Why do you think the share could double or triple after dilution and costs from here and not more? Is this just a out of the air figure? Do Kefi not stand to make much from mining TK?

3) Do the Saudi prospects not bring plenty of potential value, whats the real issue here as all I see in the figures after a quick look is decent grades of gold etc?

There were other questions but its to late and I forgot so dont mind if I come back with more.

Thanks to anyone who replies :)

If they are granted the Exploitation licence what do you expect the sp to do? I have been trying to find out the value of Dundas should it be given the go ahead but cannot find a price of ilmenite or anything?

Thanks

Can anyone explain why they think there will be another fund raising soon?

Thanks

After reading over the millions of posts from today I have a few questions that I'd appreciate anyone answering?

1) The broker note update - Some mention that it didn't include the Brecia or block caving so what exactly does this mean in regards to quantities/worth etc?

2) The broker note update - I read something about the RNS figures were less than the broker note so can anyone clarify what this means and what it could potentialy mean quantity wise?

3) Copper or gold - If any of the current drilling at Scally were to find any other material i.e copper but in decent quantities would this go down as a good results or would it be defined as negative due to it not being gold?

4) Other locations other than Paterson - Which other locations are the best prospect for GGP to go to after Paterson? Firetower, Warrentina, Bromus, Panorama & Ernest Giles all seemed to show minerals but were they not good enough to continue or have GGP decided to concentrate more on Paterson for now?

Thanks in advance

P.S Blackbeard is my tip to big news!
P.P.S Surely with all the new drilling locations if GGP hit even one with good results it will be massively positive for GGP!

Yea I understand the funding without pi's issues but I just got the feeling that there was more to it than just that? I've only just started to look at EUZ so dont understand much if any of the history of the company?

As for the funding, I've been in shares before that constantly do that without ever getting anywhere other than puncturing holes all over the place and doing fund raises to satisfy the needs of the bod, is EUZ similar to that?

I will just add that companies like this do need to fund raise in someway as how else would they get money to explore other than gathering millions in debt but again I dont know the history of how long EUZ has done raises and to be honest reading RNS's only tells part of the story?

Thanks

There seems to be lots of animosity regarding EUZ so can anyone explain why so many have bad feelings towards the company mainly LR? Genuine question as I'm interested to know what exactly has happened in the past to cause all this?

I done those rough calcs and I got a sense of there is real potential there but I wont lie the posts on here do make me think otherwise as there must be some reason why so many are peeved?

Thanks

Corrected to show conversion from dollars to pounds using todays prices.

These figures are based on a rough yearly average of the prices of each.

720,000 t - Zinc @ £1750 pt = £1b 260m
14m oz - Silver @ £20 po = £280m
510,000 t - Lead t @ £1400 pt = £714m
Total estimated income = £2.25b

£500 million to get mine up and running (Based on estimate from google)
£1.6 billion for costs over the mine life (Based on my little brain)
£150 million left (Roughly 6.5% of total estimated income)

£150m/33m = £4.54

Even if you say that they only make 1% of the £2.25b its still £22.5 million which = about 68p per share!

Look its late and I'm tired and I know people have mentioned other factors such as capex etc but my little brain cant compute to much info so please feel free to mess with the figures and post your results.

My whole point is, "IF" They can get funding out the way and maybe even a JV then surely EUZ is a decent bet?

@TmT Thanks for the replies, you are correct in me asking these to get some sort of grasp on this share, I could have read over the posts but theres millions of the things lol! GGP is one of the busiest shares I look at.

GGP has a realy good thing going here but I've been bitten already by miners, I mentioned it on EUZ's board, Herencia was one of the worst for me back a few years ago!

Ty again

The only problem so far for me is the funding, get that out of the way and away EUZ goes, I've been in shares like this before and ended up with constant stream of "Great drill results" Only for nothing to come of it! One that comes to mind is Herencia!

I hope that isn't the case here but I'd be a fool to think it couldn't happen again.

Again assuming these figures are correct then lets say it cost £900 million to get mine up and running (I have zero idea how much it costs) That leaves £2 billion, lets just take 10% of that as profit and use the other £1.8 BILLION as costs to mine, pay for funding etc, it still leaves £200 million profit! EUZ stands at £6 million !!

This is from a 2019 Newcrest report on Reuters "All-in sustaining costs were down to $720 per ounce in the quarter, from $795 per ounce a year ago." Not sure if thats Aussie dollars but I assume its US dollars? So if gold steadies at lets say $1700 that gives $900 or so dollars left over you could be easily looking at a higher price earned per ounce mined?

Anyone with a better understanding in all this please reply!

Lets say theres 5 million ounces in the ground (Yes I know there could be more, there could be less!) Anyway thats 1.5million ounces for GGP, now what price does GGP get for that gold? I have read various figures of $200 to $400 but why not higher? if its $300 thats £450million = £340million on todays $ to £ conversion?

Surely the gold price GGP get is more than those figures?

I do tend to think that so many forget that shares actually do also go down and not just up no matter what Portnoy thinks! Hes in for a shock one day as reality will kick back in OR will it? Who knows but why so many get so peeved off when a share goes down is beyond me, dont get me wrong its frustrating but some people must think the company is going bust because of a 20% drop from its "highs" GGP has stupid amounts of gold in play but it doesn't mean the sp wont fall back for whatever reason but also more rises are possible! People realy do need to chill and look at the bigger picture, most big time gold companies had to start somewhere and if you look at the history of their prices then I'm sure it will ease some minds :)

One I missed out on years ago was Centamin! :(

These figures are based on a rough yearly average of the prices of each.

720,000 t - Zinc @ £2300 pt = £1b 656m
14m oz - Silver @ £20 po = £280m
510,000 t - Lead t @ £1900 pt = £969m
Total estimated = £2.9b

Please correct me if I am getting anything wrong?

Thanks trucky, I've been reading over the RNS's trying to find the other drilling prospects that have been mentioned here but cant find them? Ones Scally but which is the other that some people assume could be bigger than Hav? Also are these is the same location? Thanks again.

Does anyone know when the estimates of how many oz of gold is in Hav is done? Is it when all drilling is finished?

Thanks

Actually you could have unlimited ducks! Maybe just like the upward propects for GGP :)

You could also have 4 as an aswer but I wont go there :)

See if we wanted to be picky you could say 7 is also feasible
= - - - =
2, 1, 1, 1, 2 ducks
Now lets call them 2(A), 1(B), 1(C), 1(D), 2(E)

"If you have 2 duck's in front (A) of a duck (B)
And you have 2 duck's (E) behind a duck (D)
And a duck in the middle (C)"

This allows for 7

I have waaaay to much spare time and although tired use that asmy excuse if proven wrong in some way!

lol TmT, D'oh! Now why didn't I think of that!