European Metals Share Discussion Threads

[wrtmf] 25/10/2016 21:30

this is also about us and includes local news report and interviews, with ongoing drilling.... see them extract the core from the drill bit...

[16/7/2016]


lovely little video that should be on our co website with translation.

[1min57sec]

[wrtmf] 25/10/2016 21:17

thanks to 'chway' of lse for the link, regardless.

[wrtmf] 25/10/2016 21:15

are we about to get permission to process the tailings/waste dump from old tin mine?? its permission for something or other, lol

[wrtmf] 25/10/2016 21:12

compare the photos!
its definitely about us.
in the press photo, [?Czech tv], one of the larger rear buildings seems to have been demolished.





--
The company Cínovecká dumping ground, which is controlled by billionaire investor group RSJ Karel Janecek, received from the Bureau of Mines last permit to extract lithium from the tailings pond Ore Zinnwald. Informed the server iDNES.cz and iHNED.cz. Separation of lithium mica could begin in two to three years.

[pic of abandoned mine works]

Thanks to consent Mining Authority is Janeček company can become the very first miner to focus on Czech territory mining right for lithium; While in the past the country harvested, but only as a secondary raw material, for example, when tin mining. Attractive this becomes alkali metal in recent years thanks to the use in batteries for mobile phones, laptops or electric vehicles.

On the pond in Zinnwald on the Czech-Saxon border depositions may utilize 680,000 tons of raw materials. In it, according to surveys should be located quantities of mica, from which you can get about 11,130 tons of lithium carbonate, after the final treatment of 2,100 tons of elemental lithium metal for electronics.

Besides Cínovec RSJ also looks Upper Austerlitz
Director JANEČKOVÁ; group RSJ Winkler Libor for iDNES said that the whole mining would take about five years, the status line and follow-up logistics represents the cost of hundreds of millions of crowns a project could employ about 80 people. Winkler according to the Web site makes no secret of the fact that RSJ is primarily a financial investor, and if it comes to matching offer, Cínovecká stockpile is sold drilling rights. On their own, according to him, now the company is ready to separate mica and there resell processing.

Sanaka Industry Company, a sister company Cínovecká depositions, according to Winkler currently undergoing the process of evaluating the impact of mining on the environment. In Horni Slavkov in Karlovy Vary would like to benefit from the pond where it is located approximately dvaapůlná;sobně more lithium than in Zinnwald. iHNED.cz warned that the town hall in Horni Slavkov has objections to transport the ore trucks through the village.

Both servers will recall that in the Erzgebirge wants lithium mine underground operations and the company Geomet owned Australian company European Metals. Last in Zinnwald mined in 1991, the completion of mining tin.

[sambuca] 25/10/2016 19:25

telbap
Forecast is for production to start properly in 2018 (I cant find the piece where I read it) but a quick calculation if lithium price goes up by 10% PA and extraction price goes up by 10% PA that gives a profit of $6655 per ton. Not to be sniffed at.

Sam

[banshee] 25/10/2016 18:45

All start up mining co's go through a pretty much established procedure of pre feasability studies etc moving onto full feasability, there is no real way to avoid it, if you want to get third party financing you need bankable studies.

So far they are doing pretty well i'd say, helped by a number of favourable factors.

[banshee] 25/10/2016 13:41

45 is coming, and more - we may need the huge resource upgrade that everyone knows is coming to get there tho, so this week could be optimistic. Because this stock started from a low level there is always sig profit taking to overcome on the way up.

[djfrankie2] 25/10/2016 12:54

45 week ending surely that's ambitious the 114 k sell this morning was a bit scarey lets be aware we were 28/29 a few days ago

[frankie83] 25/10/2016 08:00

I see 45 w/e

[wrtmf] 25/10/2016 07:54

f83, you are correct

[wrtmf] 25/10/2016 07:53

gonna be a crackin' day if the pre-open is anything to go by, now 39p.

[frankie83] 25/10/2016 07:50

I might be wrong, but is a quarterly statement not due this month? This week?

[wrtmf] 25/10/2016 07:48

off to work soon, will catch up mid evening. hopefully just the start of the next leg up.

[wrtmf] 25/10/2016 07:38

getting there, pre-open mid has moved to 38p.
a price we should have seen on fri.

i think within 10 days, we'll have drilled another 3 holes [9th, 10th, 11th] of this campaign. will there be a winter break soon after? would love to see updated mineral resource estimate after 11-14holes, takes us nicely to the pfs [approx. jan].

we've got a bit of money recently, if drilling restarts feb/mar, hit cinovec with more rigs please. [about 10 holes before fs/bfs to complete 7500m]

can't recall who, but someone, this year, released a fs/bfs, 6 months after pfs.

[telbap] 25/10/2016 07:37

Bang on wrtmf. 38p pre market.....let's see what happens at open.

[wrtmf] 25/10/2016 06:21

asx. 6x knocked on the door of 59cents.

looks like finish at 60c
37.4p

[wrtmf] 24/10/2016 21:20

a year ago i held some rem, but starting reading more about emh as the first few holes of that campaign were being drilled [psn05, psn06]. i recall reading somewhere about waste dump[s] related to old tin mine. very quiet on that front, did they ever get round to sampling what it contained?

[wrtmf] 24/10/2016 20:36

1251
worth a tweet from emh [czech lithium]

[wrtmf] 24/10/2016 19:25

sp should have done this and more on fri!
nice chart today, nevertheless.
controlled rise?

[myst1] 24/10/2016 12:31

Daimler to build global production compound for lithium-ion batteries



This is 80km away from Cinovec!

[someuwin] 24/10/2016 11:36

This should be a lot higher - imo.

[telbap] 24/10/2016 08:44

Good open, nice chart signal this am, positive on low volume, hoping for 6 or 7p rise today

[wrtmf] 24/10/2016 08:43

lol.
plse don't do that 'up high at the beginning, down the rest of the day thing!'