Member Info for uinsionn

Ireland has a rich history of zinc mining, now with Galmoy and lisheen gone off line, there is a race to find a viable mine to resume Irish production levels, Galmoy was not the biggest resource, glencore and Teck are not searching in Ireland because they think there is not the possibility of mining

Ireland ranks 4th in the prestigious Fraser Institute ratings, which evaluated 91 mining jurisdictions in its current annual survey, Ireland has an established mining tradition, actively encouraging governments in both the Republic of Ireland and Northern Ireland, user-friendly legislation, excellent infrastructure and pragmatic environmental controls. There are no restrictions on foreign investment in Ireland and no difficulties with capital repatriation.
Prospecting licences give the exclusive right to seek a mining licence. In order to receive a mining licence applicants are required to obtain planning permission and an Integrated Pollution Control Licence (IPCL).

There has not been a lot of exploration dollars put into the ground for zinc exploration and Ireland is a great example. The country went from having three zinc mines to now only one and it only has about five years of mine life left according to its published reserve numbers,” he said. “If that is a reflection of what is happening worldwide, then that is fairly bullish for the zinc market.”

Although zinc prices have dropped from their recent five-year highs, the market dynamics are not expected to shift anytime soon and with little new production on the horizon, the focus is returning to Ireland, a leading jurisdiction in the base-metals space.

Despite being one of the top mining jurisdictions in the world, Ireland has not been a major focal point in the mining sector, until now. A new breed of junior explorers is active on the island as they say there is still plenty of zinc mineral potential as technology brings new opportunities.

With the potential to be a viable mine it’s undervalued factor in the positive results so far and the cash in hand of 2m, if I compare it to some others on aim I would say it’s undervalued, it’s in a pro mining area, brownfield site, the whole purpose of listing was the company thought this was a viable project, let’s see the next set of results and see what the market thinks, not long now until news and company promotion

Ireland, claims holders include: Teck, Boliden, Vedanta, Glencore, Aventus, Group Eleven, Erris, Unicorn, Some big companies currently looking for assets in Ireland, if we find a viable mine this will be multiples of current price, it’s all about the grades and resource, viability and value will be given to the asset. At current price no value attributed to the work already carried out and the so far positive results of the drills

Abbeytown is a brownfield site which has returned good grades so far, it will be a low capex project as facilities in lace and it’s not in the Congo, Mcap at erris is cash level so no value attributed to the asset, lisheen only had 5 years life left when it was sold, erris is a new discovery site which could have the potential for buyers..

And that update is due according to our timeline, expecting our new CEO to start banging the drum on news, I would imagine he has been tasked at getting the price back to ipo price of 25p, it’s been worked down on low volume and poor sentiment, expecting a podcast and investor event once news lands already know they are being lined up as I have spoken to the powers that be. I hope once we get these results out anton puts his hands in his pockets, I would imagine he can’t buy before they land. Chart looks primed to move much higher from here, as we know it only takes one good Rns and this coukd multibag

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

Lisheen 2010, 5.8Mt @ 12.8% Zn+Pb sold to Vedantta US$308M And ours is currently valued at zero, company said they are targeting between 6-10mt at average of 12%, this could get interesting very quickly if the next drill results are similar to results we have already have.

SHANGHAI, Dec 26 (SMM) – China imported 303,900 mt of zinc ore and concentrates in November, up 47.7% from October and 62.6% from November 2017, according to the latest data from China Customs.

This grew zinc ore imports in January-November to 2.72 million mt, up 22.6% year on year. Could be good news for erris, zinc stocks are very low, big players looking for new projects to increase supply

Erris looks primed for a big move from here

Mr. du Plessis has over 20 years’ experience in the finance sector, with a focus on advising natural resources companies on the execution of strategic and financing transactions.

He has held senior positions at several international investment banks including CIBC (The Canadian Imperial Bank of Commerce), Bank of America Merrill Lynch and Morgan Stanley.

Mr. du Plessis has a proven track record across a range of commodities, working on transactions for a number of leading global players including Anglogold Ashanti, Rio Tinto and BHP Billiton.
Jeremy Martin, Chairman of Erris Resources, commented: “Attracting someone of Anton's calibre, with a track record of advising leading mining companies, will be a positive addition to the team.”

The appointment follows the resignation of Merlin Marr-Johnson as a director of the Company, also today, who has elected to step down to pursue other business interests.

“He has invaluable specialist knowledge, experience and a wealth of international industry contacts, which will be of particular value as we work to build the value in Erris Resources through the development of our asset portfolio and its strategy to identify high value opportunities."

Only started on the 19th of November, so hardly in a position to comment on his performance so far and the only thing he had to report on was what Merlin left him as a parting shit on the desk. Imagine Anton wants to get the ball rolling in 2019 on the back of good news rather than bad news, erris update incoming, podcast and investor roadshow, as for know one hearing from him that’s incorrect. If you are an active investor like my self the bod will communicate with you, anton is adjusting to the position and looking forward to a good year in 2019 with a more proactive and positive position coming from the BOD and the company

Think we have an update coming followed by Anton interview and investor roadshow planned, hopefully Anton is getting his black book of contacts out to get the ball rolling, also once update is out hopefully our new CEO will be putting his hand in his pocket to take a few. Right time right place, right share. Have a great nose for resource exploration over the years have had some huge winners in this sector. Think erris on the right results could make a huge impact price wise as nothing is factored in here for the asset.

oh that time of year, pump it up before a placing, cash must be tight, probably nomad incoming, then a premium placing for a couple of k, then the real placing once its ramped higher, normal Zorbas and Leon form. WONDER WHAT THE FLOOR IS HERE. Might have some of that £20,000 vanadium as per zorbas road show lol. Well I hope those that got taken first time around get out this time. GLA

Underground results pending, I believe that would constitute a closed period, Bod already holding over 22% of the shares here, so I would say they have an interest here, ipo price 25p, current share price valued at cash position, little downside from here, anton brought in to turn the ship around and plenty of high level guys and GEOs on the BOD

Underground results pending, I believe that would constitute a closed period, Bod already holding over 22% of the shares here, so I would say they have an interest here, ipo price 25p, current share price valued at cash position, little downside from here, anton brought in to turn the ship around and plenty of high level guys and GEOs on the BOD

Arthur Millholland an absolutely dire CEO that treats investors with total contempt and disregard refuses to reduce wages to save costs and only does podcasts when he is doing a placing (and on the podcast that there are no placings due). Been plenty of lies in this one over the years, having said that there has been some good ramps and profits here too. It’s a gamblers share I suppose it’s red or black Time here, depends who you believe, made money here in the past, think it’s going lower if he doesn’t pull the finger out pre xmas, still burning the cash here as usual at a great rate, let’s hope he does ramp and screw everyone again. Upside here is most are trapped a lot higher, bottom feeders feeding but they don’t tend to hold long

They are funded until September next year mate lol, directors can’t buy as in closed period with underground drill results due