Erris Resources Share Discussion Threads

[neo26] 07/12/2018 13:24

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 2.8m 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!

[neo26] 07/12/2018 13:02

Erris Resources COO, Aiden Lavelle, said,......" 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."

Im looking forward to these results..

If the new finds are linked to the old mine then its game changer, cost will be low to extract the minerals.

[neo26] 06/12/2018 11:08

I got response from eris and they said he will do interview very soon, one can speculate it will be with news.

It does look like one of those 2 large investors must have had their noses in appointment of Mr Anton.

He has decent cv.

Lets see..

[andrea152] 06/12/2018 10:30

Mmmmmmm Neo, but they haven't done it, have they ? Company not returning calls to new CEO and St Brides about as useful as Donald Trump at a Buddhist Convention.

Results from Brannberg are very overdue and the new CEO needs to extract his digit and put out a Podcast telling battered shareholders what he is going to do to resurrect the fortunes of Erris - AND the share price So far, it's just been a deafening wall of silence since October when Merlin "Resigned" , to pursue his other business interests - like they all do.

IMHO. DYOR. GLA.

[neo26] 05/12/2018 13:47

Looking forward to it..

[cabster] 05/12/2018 13:04

News shortly. Just waiting on the data being written.

[neo26] 05/12/2018 12:50

Few more buys it will.

[babbler] 05/12/2018 12:41

Needs to cross 10p resistance first imo

[neo26] 05/12/2018 12:29

Blowing again, 25p first target...

[neo26] 03/12/2018 21:21

firemansam

the company have said that plans are in place for interviews and for investors to meet new ceo in near future.

Abbeytown zinx project looking really promising, they also found a new zone with copper. Really interesting..

This 2.5m mkt cap will soon be blown away.

imho

[firemansam4] 03/12/2018 20:08

neo

I agree reference forgotten about but that has been down to poor PR, MMJ did a few presentations but hopefully they will find the key to the Marketing Department office and get it up and running again, still a bit disappointing we haven't heard from our new CEO as yet; not even via a podcast let alone and RNS, perhaps he has been locked in the Marketing Office :-)


Good volume coming through so hopefully someone putting pen to paper and with results due before Xmas might see a pick up in share price shortly back to IPO.

GLA

[neo26] 03/12/2018 15:02

I think the mkt has totally forgotten this stock and its potential.

Our JV is currently paying to explore our Brannberg gold license, they have committed to spend $1m to get 51% interest, they are currently paying us 10% admin fee to do the exploration work(this years committed work is $1.8m from them). Should they like the project they have option to buy further 19% for $2m. Centerra Gold our JV partner are a company worth over $1.6bn in Canada. How come there is no exploration valuation on the gold asset which has a large JV partner?

In abbeytown we own 100% interest in zinc project, multiple holes have been drilled from 175m-400m from the old zinc/silver mine which produced in the 1950's. High grade zinc has been found along with lead, silver and something new in the area copper. Currently company is drilling underground from the old mine to link minerals to the mine.

This can be a very decent size resource which is very close to surface and almost all infrastructure in place.

Mkt cap is 2.4m, they have over £2m in cash and as a result whole licenses are just worth ONLY £400k. Rerate is due here for sure. New CEO in place to turnaround the sp, since ipo less than 12 months the share price has fallen from high of 28p to 6.5p. Our new ceo Anton has worked for some large corporations in the past and looks an excellent choice.

We have board members and management who are involved with Horizonte Minerals.

WE are finally seeing volume and i hope we get back to 25p very soon.

[neo26] 03/12/2018 12:37

NoviceNot many shares about and only 31m shares in issue.They are currently drilling underground in Abbeytown to extend mineralization zone.They have had excellent results from abbeytown this year.I hear new ceo giving interview soon, has a very good cv his first smallcap it may seem..

[novicetrade68] 03/12/2018 11:59

Picked up a few at 8p today, but wish I had the presence of mind to buy these last week for 7p, but definitely think there's going to be some mileage in here over the coming weeks. Pretty hard to buy these btw.

[neo26] 03/12/2018 11:33

Good volume again today..

[neo26] 02/12/2018 11:35

Our canadian JV partner is footing all the cost in our gold exploration project in sweden.They are a company which is valued more than 1.6bn and market hasnt put any value in this at all, we get 10% admin fee for doing the work and centerra cover all cost to date, we own 100% but they have option to earn upto 70%.News on Brannberg is due and we are also goint to hear about Centerra expected investment in 2019 on our other gold licenses. According to company presentation they are hoping to find more than 2Moz of gold.Then we have our 100% owned zinc/silver and copper prospect. Excellent drilling results so far and currently drilling underground.Current mkt cap of 2.5m (8.25p) looking very undervalued..

[neo26] 01/12/2018 10:05

Placement? You mean ipo.Nothing wrong with this co.Its come down because it has had no interest.In Ireland they have intersected high grade zinc and silver in multiple holes upto 450m away from old mine, they trying to link it to old mine by drilling underground from the mine.In Sweden eris have gold project where our jv is footing the exploration cost, we do the work and they pay us 10% admin. Our jv partner is listed in canada and worth over $1.6 bn mkt cap they trying to earn in 51% working interest in gold asset.I dont think this is pump and dump just the market has forgotten about it. News is imminent both in sweden and ireland and has potential to multibag.Just look at our new ceo has an excellent cv and i dont suppose he would have joined if the company was dodgy.There are some puctures on company website, some parts of the mine have water filled in, look at the colour of the water, Its been mixed with rich copper minerals. Copper potential here also.All this for a company worth 2.4m with around £2.5m in bank. Dyor imho.

[neo26] 30/11/2018 12:16

Well they managed to hire a top notch ceo who has great contacts in finance sector, has a very good CV and chose Eris.

[andrea152] 30/11/2018 10:39

Underground drilling shud take a couple of months I shud think , assuming they've managed to de-water the old zinc mine and can get straight on with it ? I think I read sumwhere that they have done this and that the Harringtons limestone quarry , now on top of the mine, were using the water for their own processing plant. Be interesting to see if the strike and trend south are confirmed by drilling.

IMHO. DYOR.

[neo26] 29/11/2018 18:51

Page 10

"Mineralisation
Abbeytown: shallow and high grade with mineralisation at surface. Targeting >8Mt at ~12% zinc-lead-silver"