Europa Metals Share Discussion Threads

[profit7] 05/11/2019 09:33

Europa's Toral project stands out among the pack because of its size, grade, simple metallurgy and its location in the historic Leon mining district, with infrastructure and markets on its doorstep.

[profit7] 05/11/2019 09:32

Europa Metals has put itself in a strong position to capitalise on the looming global zinc supply shortage through some smart work at the overlooked Toral deposit in north-west Spain.

[profit7] 05/11/2019 08:34

Rns out!!!
AGM 28 November

[profit7] 04/11/2019 13:26

Good post Andrea.

Silver can be forward sold, it happens in the mining industry to fund their future projects without resort to loan or share dilution.

This would be interesting for the future investors

[andrea152] 04/11/2019 10:16

Of course the other way they cud fund the PFS wud be by Forward Selling the Silver stream which has increased in size, in the recent JORC upgrade, to a Streaming Company , or a Royalty operator.

That way, they might not have to give so much equity away to any potential investor ?.............

IMHO. DYOR. GLA.

[andrea152] 04/11/2019 10:00

I think it IS quite possible that Lundin or Boliden COULD get involved in a more meaningful way in the not too distant future. The asset in the ground is improving nicely, as I always thought it wud do.

EUZ are going to have to find someone to FUND the PFS anyway - they won't be able to do it by themselves and I'm not sure DB wud put up that kind of Mooloah......

Interesting times ahead, but there are still WAY too many shs in issue at 17 Billion, which needs to be addressed 1st.

IMHO. DYOR. GLA.

[profit7] 03/11/2019 14:50

Well in situ is industry norm 4%, which is the asset in the ground.
Full asset valued over £3Billion, because at the moment it is non producing, so could only achieve minimum 4%-7%.

That's around £120M.
Mcap ii only £5m, so it's massively undervalued.

[profit7] 03/11/2019 14:21

Lundin, which primarily mines copper, nickel and zinc in Chile, the United States, Portugal and Sweden, would fund the purchase from its current cash balance and a part of its $550 million revolving credit facility.

[profit7] 03/11/2019 14:18

Lundin still seeking to acquire more assets

That's really good to know

[profit7] 02/11/2019 14:15

Read the lundin agreement
If this goes through then Mcap would be £20M +

ATM Mcap is so much undervalued,
Look at the peer to peer valuation chart #EUZ

[profit7] 02/11/2019 14:13

I posted all details above

Then I posted in bite size, to digest easily

[profit7] 02/11/2019 14:12

Lundin part 3.

Upon completion of the above, a Joint Venture will be formed pursuant to which Lundin will have 51% interest and GoldQuest will have a 49% interest in the Toral Project. Upon formation, each party will either fund their proportional share of the expenditures or Lundin may elect to increase its participating interest in the Joint Venture from 51% to 65% by completing a full feasibility study on the Toral Project.

[profit7] 02/11/2019 14:12

Lundin part 2.

To exercise the back-in right, Lundin must (1) spend an amount equal to 2.5 times the aggregate expenditures made by GoldQuest on the Toral Project and (2) pay an amount in cash equal to 51% of the value of the shares issued by GoldQuest under the agreement. If Lundin elects to exercise the back-in right, the right of Lundin to receive the 1.5% NSR will be terminated.

[profit7] 02/11/2019 14:12

Lundin Part 1.

Lundin will retain a 1.5% royalty on the Net Smelter Return (NSR) from the Toral Project. Lundin also retains a one-time back-in right to reacquire a fifty-one (51%) percent interest in the Toral Project once GoldQuest provides written notice to Lundin within 10 days of the following events occurring: delineation of an inferred resource on the Toral Project of greater than 1 Million tonnes of lead and zinc (contained), as demonstrated in a NI 43-101 compliant report, and completion of not less than 5,000 meters of drilling.

[profit7] 02/11/2019 14:11

Lundin will retain a 1.5% royalty on the Net Smelter Return (NSR) from the Toral Project. Lundin also retains a one-time back-in right to reacquire a fifty-one (51%) percent interest in the Toral Project once GoldQuest provides written notice to Lundin within 10 days of the following events occurring: delineation of an inferred resource on the Toral Project of greater than 1 Million tonnes of lead and zinc (contained), as demonstrated in a NI 43-101 compliant report, and completion of not less than 5,000 meters of drilling.

To exercise the back-in right, Lundin must (1) spend an amount equal to 2.5 times the aggregate expenditures made by GoldQuest on the Toral Project and (2) pay an amount in cash equal to 51% of the value of the shares issued by GoldQuest under the agreement. If Lundin elects to exercise the back-in right, the right of Lundin to receive the 1.5% NSR will be terminated.

Upon completion of the above, a Joint Venture will be formed pursuant to which Lundin will have 51% interest and GoldQuest will have a 49% interest in the Toral Project. Upon formation, each party will either fund their proportional share of the expenditures or Lundin may elect to increase its participating interest in the Joint Venture from 51% to 65% by completing a full feasibility study on the Toral Project.

[profit7] 01/11/2019 17:45

You mean could go nuts next week

[tutthetrader] 01/11/2019 15:29

Really upbeat interview on VOX from Loro. Substantial upgrades, mets to come soon, plenty of news on the horizon. He sounds tickle pink and extremely excited. This could go bananas. G. L. A

[profit7] 01/11/2019 14:27

Vox Market interview explains more than rns

[profit7] 01/11/2019 13:25

Laurence Read
Needs to get Lundin on board

[andrea152] 01/11/2019 11:21

Its just going to take a long time, but the underlying asset is there. Depends if it can be Funded and who does that funding. For my money , it may well be either Lundin or Boliden, who are "Proper" players.

Needs a Stock consolidation now though. Far too many shs in issue & still no serious Major Mining Co on the EUZ Share Register, at present, which needs to be addressed.

They have serious Zinc portfolios and are well aware of the Toral project prospects, over several year IMHO. DYOR. GLA.

[ianf67] 01/11/2019 09:59

Useless share

[liamwealth] 01/11/2019 08:50

IMO, me think that the stakeholder engagement process feedback published today has more sense than the convoluted JORC reports... So where to now. I will park nicely my 10 million shares in corner there, go to sleep and will look at them when I wake up, lets say by 2025. The waffle forum can go on with their MMs and have palpitations over a move of share of less than quarter of a penny...

[ducati2345] 01/11/2019 07:41

I agree it just s they hack e successfully completed talks. Doesn’t say if the talks were positive or not. I’ve just successfully completed talks fir a planning application. I’m now waiting fir decision. It means nothing

[profit7] 31/10/2019 21:55

It’s difficult to value a mine because there are so many variables - proximity to infrastructure (middle of nowhere or right next to good infrastructure), jurisdiction (political, security of mining rights, tax regime etc), size of mine (and potential for expansion), mining method (underground or open pit), any PEA, amount of derisking etc so comparisons are hard to find and to make. But they can be made and we look good IMO.