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Getting another excavator will surely be possible once we get some cash coming in... better than needing a new washer!
Great RNS. Even if I had to read it twice :)))
Great that we are getting detailed updates and not the old 3 lines of empty promises.
Again, full confidence in the new BOD.
FIRST LIGHT Europa Metals (EUZ) – Corporate – Highest grade drill intercept by Europa at Toral Market Cap £2.5m Share Price 3.1p Europa, the 100% owner of the Toral zinc-lead project in Northern Spain, today reports its highest ever assay from drillhole TOD-042 with 5.25m grading 17.9% zinc (Zn), 4.5% lead (Pb) and 56g/t silver (Ag) which is an overall grade of 23.2% zinc equivalent (ZnEq*) from 866m. Included in this was a higher-grade portion of 2.50m grading 36.8%Zn, 5.8%Pb and 101g/t Ag for 44.6% ZnEq*. This follows on from the reporting of TOD-041 in the RNS on 05.09.2022 of 3.2m grading 9.4% zinc, 5.1% lead and 48g/t silver from a depth of 799m which equates to 15.2% ZnEq*. These are some very high grade intercepts and over substantial, bulk mineable widths in our opinion. Europa states that “the two holes (TOD-041 and TOD-042) taken in conjunction with nearby previous drilling provide both support and confidence to our current resource model and the continuity of the high grade nature of the deposit at depth” and we agree with this sentiment; Toral has yet to be drilled to its fullest extent and the high-grade areas of the mineralisation appear to increase with depth. Toral is already a significant orebody with a tangible resource which we expect to only grow further. WHI View: Today’s news just confirms once again that the large Toral project could get bigger and higher grade. We continue to see fair value at 11.7p/sh, with today’s news confirming our understanding that Toral is a robust resource and one that it is conservatively priced against its European peers. Today’s result certainly sets the scene for the due diligence between Europa and Denarius Metal Corp (TSXV:DSLV, No Rec) for a staged farm-in for it to acquire up to 80% of the Toral zinc-lead (Zn-Pb) project in NW Spain for $6m (announced 05.10.2022).
SoaS - would agree if the company was still being run by the previous crowd, but it's not, and so far the new BOD have done more in a few months of being at the helm than their predecessors managed in many years.
Let's see... :)
Production started a few days before the RNS of the 11th October.
Ignoring the calendar start/end dates, one month's production post startup should be up to any point around now.
So far the board have delivered. See no reason to doubt, until proven otherwise.
GLA.
7am news tomorrow... ? October results....?
Crossing fingers!
https://www.mmmd.gov.zm/
Look up ZAMSORT, ZACO, HANDA (and ALVIS CREST in BOTS)
PRUDENCE:
The prudence concept refers to a crucial principle used in accounting to ensure that income and assets are not overstated in financial statements. Alternatively known as the conservatism principle, it also makes sure that liabilities are not understated and provisions are made for income and losses.
So deal was done in principle on 21st Oct and now it's being verified from an accounting perspective?
https://twitter.com/ruffles80/status/1587798102722887682?s=20&t=oxUDuO20Bfm6e1rJv3-IeA
Seem to remember the next update was to be with October figs. October only ended on Monday, so suspect tomorrow or Friday.
Just to share a small thought tonight, on listening to so much negative news out there… To those who knew Andrew (Aerial)… when this gets back into profit (assuming most are still under), I have notionally earmarked a sizeable chunk to go to the charity that helped him them most.
I had kinda written this one off a while ago. So anything now is a positive thing (and seems most likely).
It’s not always about the money.
Sorry for the noise.
T