Member Info for uinsionn

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

WHY INVEST –
• Funded exploration in Sweden/finland, very little risk and downside for the company
• 2 major backers in place with cornerstone investor and jv partner both 1.5 billion MCAP COMPANIES, who are happy to put their money in here,
• BOD with skin in the game 22% of the company owned by them
• BOD with a proven track record of discoveries and sales of assets
• Not a company that is sitting around, successful work program this year on time and on budget in all the works they have done
• Cash situation looks manageable for another 12 months
• Share price at 52 week low, so little downside from here, cash is EQUAL TO MCAP so no factoring cost for the work done so far or the assets held

True sam, probably as with any CEO he will like to make his appearance with positive news flow, hopefully that's what's coming with abbeytown results due shortly. I know he is in the process of organising an investor event, hopefully this is all on the back of abbeytown.

WHY INVEST –
• Funded exploration in Sweden/finland, very little risk and downside for the company
• 2 major backers in place with cornerstone investor and jv partner both 1.5 billion MCAP COMPANIES, who are happy to put their money in here,
• BOD with skin in the game 22% of the company owned by them
• BOD with a proven track record of discoveries and sales of assets
• Not a company that is sitting around, successful work program this year on time and on budget in all the works they have done
• Cash situation looks manageable for another 12 months
• Share price at 52 week low, so little downside from here, cash is EQUAL TO MCAP so no factoring cost for the work done so far or the assets held

Erris Resources is an European exploration company that aims to create shareholder value through early generative exploration and discovery. On discovery, the goal is to accelerate resource delineation and development through JV and industry partnerships. The Company has an experienced team with a proven track record of discovery and value creation.

Erris Resources is backed by industry. Osisko Gold Royalties is a significant shareholder, and the Company has a Strategic Alliance and a series of joint ventures in Sweden with Centerra Gold. Both over billion pound companies.

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

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

Looks like a perfect time to top up or join the ride lvcg , cash generating company,positive growth and expansion of events in 2018,bought our biggest supplier of materials, strong board holding 51% of the shares,FF very low and active shareholders who are looking for much higher

All very quiet on here today no ramping or deramping lol, another day closer to update on abbeytown and the market can decide which way to value erris, at the moment 2m cash in the bank and another 250k from Jv partner for another drill, looks like all is priced at current Mcap, no value attributed to assets or potential of what’s in the ground value wise. We will find out soon

Not sure which peers you are trying to compare this too, Supported by Canadian mining majors, Osisko Gold Royalties, which has a 18.9% interest in the Company, and Centerra Gold KB Inc, a wholly owned subsidiary of TSX listed Centerra Gold Inc, not seeing many peers with these guys on board, no seeing many peers with works programs or onsite drilling anything, erris is on site. Ring Aiden ask him for a show round site I am sure he will oblige a fellow Irishman

The numbers do look good and include 15.63% zinc plus lead and just over 90 grams per tonne silver over 4.1 metres, and 15.57% zinc and lead, 1.9% copper and 51.5 grams silver over 2 metres.

Further high-grade copper occurrences were also reported.

Mineralisation remains open to the north and south.

“The additional surface drill holes have further improved our understanding of the controls on mineralisation and expanded the project potential with good continuity of mineralisation demonstrated south of the old Abbeytown mine,” continued Lavelle.

“It is now planned to test the gap between the underground mine and this recent surface drilling by focused drilling from two underground drill pads to give maximum information on continuity and grade.
Abbeytown is a near-surface brownfields project with potentially low-cost underground development, centred on a historic lead-silver mine. The old mine is itself situated within an active limestone quarry operated by the Harrington Group. Ore was extracted over centuries before an industrial-scale lead mine was operated between 1951 and 1961, initially as an open pit, and then as an underground mine.

This means Abbeytown is in an industrial setting, with a fully permitted quarry operating around it, with industrial infrastructure present. Road, power, rail and port are all available nearby.

Erris Resources has rehabilitated access underground and is exploring for extensions to known mineralisation via surface and underground drilling, and channel sampling

We are in a speculative market joe that’s what we all do speculate on price and projects, if any project is viable then you win, I tell you something having visited the site myself it looks like very low capex operation, might even be able to mine it on a small scale if not attractive enough for a larger player, but having said that we know the reasons why other projects have not been viable didn’t meet the criteria, 6mt plus at a grade of 12% combined zinc and lead, the silver and copper are just bonus materials. We ain’t talking crap here I have been investing in mining and exploitation stocks for a long time, ok some are shit, some are ramps that multibag 10 times, some are actually real and viable, erris yet to be proven which way and it the moment it’s speculative, but with Mcap pretty much covered by cash it’s pretty fair to say it’s cheap, if they do turn in more positive results it’s very cheap if they say 8mt at 12% then it’s mega cheap.

A & E only busy on weekends because they know how to party in the West

The price of the average three-bed semi in Sligo rose by 15.8% to €110,000 in the last 12 months, according to a national survey carried out by Real Estate Alliance.

Some erris when it hits 25p you will have 4 bagged easy way to get on the property ladder

Where in Dublin, May I suggest you move to Sligo can get a 3 bed semi for pretty cheap there

Another guy that thinks Irish are Neanderthals, we even got electricity in our houses now and indoor toilets

Don’t think there will be a problem with housing in Sligo, very affordable in the area, and us Irish can knock them up in no time if there is a shortage, we are still knocking them down since we went mad with the Celtic tiger, as for internet you pay more you get a better internet connection lol

Here copy and paste this, I could most of that about any country, a viable mine is a viable mine, actually 4 current mines in operation in Ireland but yes Tara being the most famous one, Time will tell, was only posting facts mate
If a viable project was found in Ireland to be mined it would be mined the problem is nothing of the right size or depth has been found, there is plenty of zinc in Ireland but to make it commercially viable it needs to be over 6mt at a combined 12% zinc and lead, they have discovered copper grades at abbeytown too and silver. If the resources was 8mt at 12% then it would be very viable, but like I say that needs t be proven. So far many companies have lucked out on size and depth of the resource. This brownfield site question is that abbeytown is on an active site with equipment, roads, electricity access to port and rail, water supply and everything to get it up and running quickly

Happy new year to all holders, hopefully we are all rewarded handsomely this year

If a viable project was found in Ireland to be mined it would be mined the problem is nothing of the right size or depth has been found, there is plenty of zinc in Ireland but to make it commercially viable it needs to be over 6mt at a combined 12% zinc and lead, they have discovered copper grades at abbeytown too and silver. If the resources was 8mt at 12% then it would be very viable, but like I say that needs t be proven. So far many companies have lucked out on size and depth of the resource. This brownfield site question is that abbeytown is on an active site with equipment, roads, electricity access to port and rail, water supply and everything to get it up and running quickly