European Metals Share Discussion Threads

[ahbroad] 23/11/2016 18:50

It'll start to show true value over coming weeks/months..
Or sooner

[wrtmf] 23/11/2016 16:33

blue, barely, but it got there, took most of the aforementioned 7hrs too!

[someuwin] 23/11/2016 13:38

Share_Talk ‏@Share_Talk · 4 hours ago

@CzechLithium Keith Coughlan podcast with Share Talk … Lithium Indicated Resource at Cinovec Increased 420% @RareEMplc

[wrtmf] 23/11/2016 11:05

paraphrasing a hotcopper poster - you now need a magnifying glass to see emh on the peer group 'ev/resource in ground' chart.

[wrtmf] 23/11/2016 10:00

new interview

we should be rerating today

[dvsfm] 23/11/2016 09:45

crazy reaction, this could be multiples of this price in the next year or so

[wrtmf] 23/11/2016 09:41

nearly 7hrs still to go, should see blue again today...

[wrtmf] 23/11/2016 09:39

hmmm. I think we have plenty of cash.

oz did not read the agm rns properly, missed the youtube presentation, only cottoned on when it was being posted up on uk bbs.

I can only guess at the same with 'some exciting updates in the very near future' which to me is days to a month, possibly at a stretch.

[potential] 23/11/2016 08:31

And here comes a big sell off !! Crazy

[andrbea] 23/11/2016 08:29

laughable rise, 0.5%
back to sleep.

[someuwin] 23/11/2016 07:41

Today's news is excellent.

EMH looking even more undervalued now.

[loveandmoney1] 23/11/2016 07:34

companies do tend to do these resource 'upgrades'before discounted placings.maybe ppl are wise to that?

[wrtmf] 23/11/2016 05:42

67c
I don't have words for what has come to pass in oz

post 1434.
just got to hope London and Germany behave more sensibly.

[wrtmf] 22/11/2016 23:49

77c
45.9p

[wrtmf] 22/11/2016 23:06

asx is open for business and shortly after open was at 75cents

[wrtmf] 22/11/2016 23:00

just savour it....

'some exciting updates'

I have had a heated discussion with myself and 'we' have agreed that moving straight passed 60p would be a good idea.

[wrtmf] 22/11/2016 22:55

sure is. hope the bots on asx and the mms here don't, between them, mess things up.

[someuwin] 22/11/2016 22:54

Fantastic update.

More Lithium. More Tin. And more news to come very soon...

"The pre-feasibility study is moving ahead rapidly and I look forward to releasing some exciting updates on this in the very near future.”

[banshee] 22/11/2016 22:51

You have to hand it to these guys, they know how to do things in style.

The upgrade has delivered a 420% increase in Indicated Mineral Resources, which, when combined with the Inferred Mineral Resources, results in a total resource of an estimated 6.46Mt of LCE.
The significant increase in the indicated portion of the Mineral Resource, and the resource in total, will have a positive impact for mine planning and the life of mine. In particular, the Mineral Resource will allow management to optimise the mine plan and maximise Cinovec’s financial returns and further progress in the ongoing pre-feasibility study, which is due for publication at the end of March next year.
The lithium (“Li”) and tin (“Sn”) resources have been updated using data from the latest drill holes released to market over the last 5 months. Resource classifications have been revised on the basis of the new data.

Highlights:

• Lithium Indicated Resource increased 420% to 2.6 Mt LCE, contained in 232.8 Mt @ 0.45% Li2O (0.1% Li cutoff)
• Lithium Total Resource increased 11.8% to 6.46 Mt LCE, contained in 606.8 Mt @ 0.43% Li2O (0.1% Li cutoff)
• Tin Indicated Resource increased by 64% to 28.6 Mt @ 0.23% Sn, 0.54% Li2O (0.1% Sn cutoff) for 65.8 kt Sn, 0.38 Mt LCE
• Results from the drilling programme support the original Cinovec model.

Management are confident that additional drilling will result in further significant resource upgrades.

• Lithium Exploration Target remains 350 to 450 Mt @ 0.39% to 0.47% for 3.4 Mt to 5.3 Mt of LCE.

European Metals Managing Director Keith Coughlan said, “This significant upgrade to the Cinovec Indicated lithium resource is particularly pleasing as it provides basis for the soon to be completed preliminary feasibility study. When the tonnage and grade for this material are compared to the previously calculated Inferred resource, neither grade nor tonnage changed much, highlighting the robustness of the resource and geological models, and continuity of the orebody. Drilling will continue until the end of the year at which point the model will be updated again.
The substantial upgrade to the Indicated tin resource is also very encouraging, particularly in light of the rising tin price on LME throughout 2016. The tin credits at Cinovec will be significant for the project and greatly enhance the overall economics.

[someuwin] 22/11/2016 22:51

Excellent news!

[wrtmf] 22/11/2016 22:43

' The pre-feasibility study is moving ahead rapidly and I look forward to releasing some exciting updates on this in the very near future'

--
lol
:))

seat belts fastened, I think, boys and girls

[wrtmf] 22/11/2016 22:38

an extract...

Highlights:
• Lithium Indicated Resource increased 420% to 2.6 Mt LCE, contained in 232.8
Mt @ 0.45% Li2O (0.1% Li cutoff)
• Lithium Total Resource increased 11.8% to 6.46 Mt LCE, contained in 606.8 Mt
@ 0.43% Li2O (0.1% Li cutoff)
• Tin Indicated Resource increased by 64% to 28.6 Mt @ 0.23% Sn, 0.54% Li2O
(0.1% Sn cutoff) for 65.8 kt Sn, 0.38 Mt LCE
• Results from the drilling programme support the original Cinovec model.
Management are confident that additional drilling will result in further
significant resource upgrades.
• Lithium Exploration Target remains 350 to 450 Mt @ 0.39% to 0.47% for 3.4 Mt
to 5.3 Mt of LCE.


European Metals Managing Director Keith Coughlan said, “This significant upgrade
to the Cinovec Indicated lithium resource is particularly pleasing as it provides basis
for the soon to be completed preliminary feasibility study. When the tonnage and
grade for this material are compared to the previously calculated Inferred resource,
neither grade nor tonnage changed much, highlighting the robustness of the
resource and geological models, and continuity of the orebody. Drilling will continue
until the end of the year at which point the model will be updated again.
The substantial upgrade to the Indicated tin resource is also very encouraging,
particularly in light of the rising tin price on LME throughout 2016. The tin credits at Cinovec will be significant for the project and greatly enhance the overall economics.

The pre-feasibility study is moving ahead rapidly and I look forward to releasing some exciting updates on this in the very near future.”

Resource consultant Lynn Widenbar noted, “The completion of 18 additional diamond drill holes between 2014 and 2016, in combination with historic geological data, has seen the generation of a new geological model of the greisen and granite distribution. This has been used to control a new, geostatistically based resource estimation. As a result, there has been an increase in confidence in the classification of the Mineral Resource in much of the central and south western parts of the Cinovec South Deposit. Approximately 40% of the Lithium Resource is now classified as Indicated, compared to 10% in the May 2016 Resource Model. The proportion of Indicated for the Tin Resource has increased from 20% to approximately 45%.”

[rafboy] 22/11/2016 22:31

Just what will that do to the share price tomorrow? Up I would suggest!

[wrtmf] 22/11/2016 22:28

update on its way.... mineral resource estimate
Summary: Lithium Indicated Resource at Cinovec Increased by 420%
full release at 09.33, oz time

potentially our ev/resource ratio has just dropped by a factor of 4
4x cheaper than what we were already