Europa Metals Share Discussion Threads

[edgein] 12/3/2019 14:01

TOM wow there's one that goes back a bit. I see they're still not really doing anything of note, I'm surprised they didn't go the same way as CAZA et al years ago. You think shale oil is the place to be with the current oil price? At least EUZ has a great asset.

Regards,
Ed.

[1redknight] 12/3/2019 13:39

Good to see that you're all still talking 5#!+ and not noticed the drop today. Or you're just ignoring it because what I said was spot on. You're all full of 5#!+ and so is LR and MC.
At least TOM was on the risers board and EUZ is on the fallers today. But I'm sure all of you cheerleaders will be remaining positive because prom is round the corner.

[goodwill4] 12/3/2019 02:16

Good to see the whingers are still alive and kicking. It's no good arguing the toss about opinions and prejudices. Most here are patiently waiting for real news to act upon, while yours truly has his shares still well and truly in limbo after the ASX delisting debacle. Still, no wailing and gnashing of teeth from me though. I most certainly will not be joining the whingerama which is only being held by a very select few. :-)

[the manini] 11/3/2019 19:22

Good news today, promptly getting the positive and very conservative figures out right after delisting on Friday. As others have said they clearly wouldn't spend $100k delisting when they're down to their last bit of cash unless there was a very good reason! Combine that with LR's demeanour of late, report of companies' sniffing around and the lack of a post news interview today and you begin to build a picture. I'm sure a JV partner announcement is due very soon. PDYOR.

[hedgebetter] 11/3/2019 18:10

We will have some EUZ PR very soon.

It will be interesting.

[1redknight] 11/3/2019 17:59

Pretty much all you can say HB after the constant thread of 5#!+ Coming from you and the rest.

[1redknight] 11/3/2019 17:54

Everyone stop kidding yourselves. Disappointment after disappointment even after the name change. Seriously all of you 'LTHs' can't stop watching this so and keep talking s#!+
Got nothing better to do but hope and try and sound positive on here along with LR.
On a brighter note TOM on the leaders board.
Point is Teresa May is doing a better job with Brexit than the shambles of the management euz has.
Share price will only move if there is serious belief in management.
Both MC and LR didn't know the restrictions in asx and JSE even if they had extensive experience for years apparently. If they did things on time as promised this wouldn't have been a landmine.
Nobody believes there will be a buy out or a JV, otherwise this wouldn't be in the current state of disaster.
Since the time of Justin tooth this has become a boring circus act with only 2 clowns left and everyone else walked away.
Looking forward to your same old boring comments that haven't changed while the sp/MC has been clawed back to near enough nonexistence.

[hedgebetter] 11/3/2019 15:12

I agree Edge.

As a starting point they are very good.

Third parties will see them as a starter for 10 and will extrapolate for sure.

[edgein] 11/3/2019 13:54

Hedge,

Those conservative numbers are not to be sniffed at, that's a similar NPV as KEFI which is planning a 100k+ Oz gold mine with over 1m Oz of reserves. As it moves towards production those numbers will improve as you point out. With more drilling they can start to move that up through the higher classification and more tonnage. Imagine what a large jv partner could bring to this party. :) Fingers crossed you never know.

Regards,
Ed.

[greatfull dead] 11/3/2019 13:43

Hedge,

Ta for the number crunch. Excellent.

ATB,
GD

[hedgebetter] 11/3/2019 12:42

That NPV is based on one model using 5mt of the 16mt at 10%. LR end of last week talked of a 10mt at 10% of the 16mt jorc. Those initial SS numbers are highly conservative. Add on along strike drilling, further open at depth potential, and this one serious mine. 4 year payback on this first model. Patience required IMO.

[greatfull dead] 11/3/2019 08:48

Ed,


I am a little slow off the mark the a.m, ta for pointing that out re polished tech presentations.

ATB,
GD

[greatfull dead] 11/3/2019 08:17

Enough information in the SS to DO A highly polished technical presentation to the big boys for cash injection in EUZ.

GLA,

GD

[edgein] 11/3/2019 07:45

Ohh nice! $110m NPV vs £1.49m market cap, that's just currently worth x56 our current market cap! 15 year mine life at around 450k tn pa. And they've processed 30,000m of the 40,000m cores. They're doing quite a bit as a company with such a tiny market value.

Commenting today, Laurence Read, Executive Director of Europa Metals, said:

"Toral is demonstrating itself to be a highly robust lead, zinc and silver project located in a first world jurisdiction. The initial economics from the independent scoping study are robust with an estimated US$110 million of Capex and US$25/tonne processing cost. By building a mining model around the zinc, lead and silver high-grade core of the Toral deposit, a US$110 million NPV has been estimated using conservative parameters with a project IRR of 24.4%, anticipating payback from first production within 4 years, operating within the first world mining jurisdiction of Spain. We look forward to providing further updates as the Company progresses its wholly owned Toral Project throughout the remainder of 2019."

Commenting today, Myles Campion, Executive / Technical Director of Europa Metals, said:

"2018 was a busy year at Toral and the work completed by our technical team should not be underestimated. We successfully established a new team in Spain that has worked exceptionally well together and with our independent consultants. They have taken our understanding of Toral to a new level through the application of a fundamental geological approach of reviewing, assessing and re-logging over 30,000m of core and applying modern techniques. We also accomplished a highly detailed and robust Scoping Study and I am pleased that we can today publish the economics. I now look forward to progressing the project further with a clear focus on development at the earliest opportunity."

Clear focus on development at the earliest opportunity is exactly what we want to hear!

Regards,
Ed.

[hedgebetter] 08/3/2019 12:32

That’s exactly my point Edge. I’ve given a signpost. And it’s a good one. But I am not here to spoon feed.

[edgein] 08/3/2019 09:41

BlackSS,

If you think its a car crash what are you still doing here? Are you just a ghost of investors past? Well it seemed you wanted more than a yes or no answer. Hedge answered you and suggested how you confirm what he posted, which you ignored.

Regards,
Ed.

[greatfull dead] 08/3/2019 09:36

Black,

I am honest. I think I am interesting. Most normal people d think they are too if they are honest. EGO has a strange affect on some.

ATB,
GD

[blackss] 08/3/2019 09:29

I give up, a simple yes or no would have been fine to a simple yes/no question.

As for wanting to be a dominant poster GD? apart from yesterday i have posted 6 times across the whole of ADVFN in the last month to your 162 !! You must think you are very interesting.
I am the last of the long term holders to still bother with this car crash. Looks like i have outlived my welcome. Good luck with this, i will look back here in 1 years time and see how you are all doing.

[edgein] 08/3/2019 09:08

Blackss,

What's so unreasonable about what Hedge has said? LR is bullish on ongoing talks with interested parties? Were you unaware that the company has been in talks over the last many months? Is it totally unreasonable that after the detailed and prolonged SS that the company was working on during this time that those zinc producers are now more interested? We didn't get the financials of the SS, they did though. Nothing stopping LR and co showing the full SS to those interested parties. If you don't believe him call the company as Hedge said and ask him if the talks with those metal producers are still ongoing. Nothing price sensitive in that, LR has suggested the same in multiple proactive interviews, its all in the public domain up to this point.

Just because the share price is weak doesn't mean that the SS wasn't strong, we just didn't get a chance to see it (thanks ASX). Given how bullish LR was on the run up to the SS when talking about the interest Toral was getting I don't disbelieve what hedge posted. I have an idea what the SS will show for grades 10% eqv and a 500k tpa operation but am happy to wait for the company to publish it. Imo it comes in somewhat higher than £1.4m. I'm looking forward to one of those big fellas to come in with a jv for expo or expo and development. Will it happen before a financing or with a financing I don't know. I'd love to see the SS numbers now that the millstone has been removed and how many times higher the NPV is above our market cap.

Regards,
Ed.

[greatfull dead] 08/3/2019 08:54

Black,

You do try and want to be the dominant poster here. Keep trying, it's a laugh reading your posts.

ATB,
GD

[blackss] 08/3/2019 08:39

It was a very simple and reasonable question Edgin. I would have thought you to would be interested in keeping the forum clear so we know what is fact and what is supposition. Unfortunately in choosing not to answer we have to assume it was supposition on the part of hedgebetter.

[edgein] 08/3/2019 08:12

Ah good news, not unexpected of course but good all the same to remove the millstone of the ASX. I don't see why it would come as a surprise to anyone that EUZ are in talks with multiple parties for the potential sale or JV of Toral as before. Not only because its a very high grade world class asset with additional expo upside, but moreover LR has been suggesting these talks are ongoing for some time as pointed out in the last six months or so of interviews. He was super bullish on the run up to the SS and very downbeat just after due to the millstone removed today.

Any potential buyer/JV wouldn't have been put off by the ASX rules, it doesn't effect the asset in one bit. The company is now free to release the financials of Toral like any other AIM company would have done without the ASX telling them how to run their company. If LR is back to being bullish again and running about to conferences it suggests an element of confidence has certainly crept back in. Toral is still around $2.5bn-3bn in the ground with a high grade 10% eqv core, nothing to suggest that the parties are less interested now than they were before. In fact they've likely seen the NPV, IRR, potential costs etc something we were denied by the ASX and perhaps talks have advanced. Its quite possible for Hedge to judge how bullish LR is at present from a phone call and LR hasn't kept the fact that European lead/zinc producers have been looking at Toral (mutliple proactive interviews) much of a secret so far.

Regards,
Ed.

[hedgebetter] 07/3/2019 18:33

I can see the word filtered ... :-)

[blackss] 07/3/2019 18:29

If you are going to call him and just spread rumours worded as fact it makes what you say pretty pointless. People have to decide if LR has really had approaches that have made him relaxed about the future or if you are just dreaming that.
All i have done is ask for conformation of your assertions in the original post
All you have done is avoid giving a straight reply.
I would filter you but there appears to be a real danger you are trying to ramp this for personal gain and its important that someone calls this out.