Member Info for uinsionn

Just seen another mm has joined the party must be expecting volume as they make their cash from trades, that looks very promising with regard to expected news, could see a major scramble to get in here on positive newsflow, time to load is now

At the IPO eris stated they were looking for a resource of over 8Mt ~ 12%, since then they have intersected some decent minerals in multiple holes, they even found copper.

The BOD still believe there is further potential beyond 400m from the old mine, who knows they may drill those targets in 2019.

But current mkt cap of 2.2m when they have 2m in bank and gold exploration in Sweden fully funded by our large JV partner centerra gold its ridiculous.

ONE TO WATCH! What’s the potential value in the ground
Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1per week or 163m a year. As it’s a brownfield site it means very low capex, this could be interesting for some of the big players currently looking for sites in Ireland. Should get a good guide from the next set of results which are due in the next couple of weeks, company also saying will be giving guide to what the size of the resource is, but don’t forget already identified extensions

Another day of uptrend would be good set higher highs and lower lows as this marches back to fair value of 20p plus

also the FF here is only 33% so that means 10m shares in circulation, if the news lands right expecting a very quick rerate on this one as no value currently attributed to assets. this company listed to progress the abbeytown mine and so far results have been excellent, next results which are due now will go more to proving the have a commercially viable asset. time for the market to wake up to the potential here.
What’s the potential value in the ground
Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1m per week or $163m a year. As it’s a brownfield site it means very low capex, this could be interesting for some of the big players currently looking for sites in Ireland or a smaller player looking for a manageable project with low capex they could mine easily. Should get a good guide from the next set of results which are due in the next couple of weeks, company also saying will be giving guide to what the size of the resource is, but don’t forget already identified extensions

Really impressive reversal today, hopefully plenty more building into results

yip Andrew today confirmed they are lining up a proactive interview he was just confirming time and date but I would imagine its linked to the drill results which are now due

twitdoc.com/A7T5 heres the link to research notes on erris resources work out for yourself how undervalued this is

the drop was done because of PR now got a new CEO and hopefully a new direction on PR, IT HAS BEEN WORKED DOWN ON LOW volume, its ready for a rerate to fair value of plus 20p

mate news is incoming not a placing, they have 2m cash in the bank funded for the next 12 months, they also have a partner centerra who is funding drilling in Sweden and finland

RNS Highlights – Positive news from Abbeytown
• High grade mineralisation intersected in hole ERAB003 of 3m grading 10.22% Zn+Pb combined and 41.45 g/t Ag from 95m to 98m, within a wider 7m interval grading 8.33% Zn+Pb combined and 37.36 g/t Ag from 91m to 98m
• Broad zone of mineralisation in ERAB004, including 10m grading 2.33% Zn+Pb combined and 10.25 g/t Ag from 131m to 141m
• Mineralisation open along strike both to the north and to the southwest of these drill holes
• 15.63% Zn+Pb combined and 90.68 g/t Ag over 4.1m in ERAB005
• 15.57% Zn+Pb combined, 1.9% Cu and 51.50 g/t Ag over 2m from 150.0m-152.0m and 9.14% Zn+Pb combined with 92.89 g/t Ag over 4.5m from 105.0m-109.5m in ERAB007
• Copper rich intersection in ERAB010 with 5m grading 4.7% Zn+Pb combined, 1.12% Cu and 29.3 g/t Ag from 119.5m to 124.5m including 3.5m grading 6.29% Zn+Pb combined, 1.59% Cu and 39.93 g/t Ag from 121.0m to 124.5m.
• Mineralisation defined over 250m and open to the historic mine workings to the north and open to the south away from this new area of mineralisation.
• New Zn soil anomalies define parallel trends for further targeting with potential to expand the target zone.
• Since lisitng we have been granted 4 new licences in Sweden which are 100% owned by erris resources
• We have a highly qualified team on the ground to progress the exploration of these assets and to identify areas which will deliver shareholder value

Erris Resources CEO, said, "Abbeytown is developing into an exciting brownfields zinc-lead-silver project. Recent drilling has shown that mineralisation is consistently present south of the original underground workings. Abbeytown is near-surface and with potentially low-cost development options for the extensions of mineralisation via the existing underground access. The ongoing drilling is helping us further define controls and geometry of the mineralisation south of the mine and we look forward to keeping the market abreast of these developments as drilling continues and once we start the underground drill programme."

building nicely couple of sells before the second wave north

NT to buy holding this firm here ONE TO WATCH! What’s the potential value in the ground
Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1m per week or $163m a year. As it’s a brownfield site it means very low capex, this could be interesting for some of the big players currently looking for sites in Ireland or a smaller player looking for a manageable project with low capex they could mine easily. Should get a good guide from the next set of results which are due in the next couple of weeks, company also saying will be giving guide to what the size of the resource is, but don’t forget already identified extensions

looking perky like I say listing asset value was 4.25m so fair value here must be asset value plus cash 4.25m plus 2m cash is 6.25m or 20p a share but that's without factoring in work done or the results that are coming could go higher if its commercially viable asset as furture work proves it up

All buys so far today, looking much better, still a way to go to find some value here, like I say wouldn't be surprised to see 20p on the up coming news from the company, new CEO now well positioned in the job to start a pr campaign and he has a pretty impressive CV

IPO price was 25p cash plus asset, asset had a value of 4.25m at the moment we have 2m cash so the price should still be 2m plus 4.25m= 6.25m / 31m shares that's fair value at 20p, that doesn't give any value to the works completed or the advancement of the asset

It was nice of scott to confirm interview coming I suppose he cant give exact time or day as that will probably be the day the RNS lands but seen as its due it could be anyday now

Looks like more are confident news is coming, now proactive have announced podcast being lined up, only a matter of time before a rerate here as the mcap is priced to cash no value attributed to the assets

KEY POINTS
Raised £4 million before expenses to develop what the directors consider to be a highly prospective portfolio of zinc assets in Ireland and gold projects in Sweden and to identify and acquire additional exploration opportunities that have potential to significantly re-rate though exploration
Strategy to create shareholder value through early generative exploration and discovery and advance projects via joint venture and industry partnerships
Industry backing at company and project level: Osisko Gold Royalties, has invested £1.47 million in the placing to become a 18.9% shareholder; and Centerra Gold has a Strategic Alliance with Erris to explore a portfolio of gold properties within a common Area of Interest in northern Sweden
Dynamic work programme planned with regular news flow from drilling reports and results, mapping, sampling and petrographic studies across key projects:
Abbeytown - a high grade, shallow, district-scale zinc exploration target in a proven mineral district in County Sligo, Ireland - 5,000-metre drill programme beginning Q1 2018, now the project is advanced through multiple drills and the results are still very positive
Focus on building pipeline of base or precious metal exploration assets in proven mineral districts and in favourable European jurisdictions
The Company is pleased to announce that Centerra Gold has elected to continue its generative agreement with the Company covering Sweden and has also expanded the programme into Finland. Under the terms of the agreement, Centerra Gold is committed to spend $250,000 on generative exploration work in 2019 with the option to elect individual projects to earn a 70% interest by spending US$3 million, as to 51% by spending US$1 million and an additional 19% by spending US$2 million.
Strong market fundamentals
Zinc in a period of sustained supply deficit, while demand continues to grow - Ireland represents a supportive jurisdiction with large scale historic zinc production
Gold likely to remain well supported in current economic climate given its 'safe haven' status

Looks like proactive interview incoming and results from abbeytown, great to finally see anton and hopefully on the back of good results from abbeytown, this will mean we have some news on the way with regard to the company and hopefully a change of PR now we are in a new year with a new CEO. I have also contacted with st brides as they mentioned we will be having an investor presentation later this month