Europa Metals Share Discussion Threads

[edgein] 09/8/2019 07:32

Manini,

Yes interesting stuff. They're moving forward to engage with the Spanish authorities to get the ML for Toral. A thing that a company with a DFS would normally do. It shows how serious they are to develop this very significant high grade mine. So the detailed SS has provided them with enough to get to this stage. Good stuff. Not the news I was expecting, but very good to see them move ahead to seek the ML. The market should really start to recognise the value of this large asset to this tiny company. That highly discounted broker target is still x5 the current share price. Good to see progress being made even though its totally ignored by the market. There's many explorers out there valued much higher and they don't have any large high grade projects to develop!

Regards,
Ed.

[the manini] 09/8/2019 07:23

RNS out but not yet showing on advfn for me

[smraynot] 07/8/2019 12:47

Hoping for RNS tomorrow 🚀

[blackss] 06/8/2019 15:51

I'm sorry, i dont know where i got a week from for TOD-022

Must be the heat :-)

[edgein] 05/8/2019 17:05

Black,

First hole started on 15th May finished just 100m short reported on the 13th June (had finished some time before that). Second hole started on the 11th June (using the same rig), completed slightly beyond depth before 11th July. Hole 3 started on the 8th of July so should be completed any time around 6-8th August. Each hole so far has taken around 1 month including the first hole which was a little short of target depth.

So first hole was circa 15th May - 10th June, hole 2 was circa 11th June - 7th July and hole 3 started 8th July and should complete any day now.

Regards,
Ed.

[blackss] 05/8/2019 16:46

I think that hole that went off course was re drilled in about a week Ed, i might be wrong ?

[edgein] 05/8/2019 16:20

Bernie,

The other two holes took about a month each, so yes I'm expecting the next news any day now on the completion of drilling. Then news on the assays, the met test results and jorc to follow. Interesting times, as RA1 says profoundly undervalued given the tiny cap and comparatively huge NPV of Toral.

Regards,
Ed.

[bernieboy] 05/8/2019 12:17

RNS about third well drilling completed this week?

[greatfull dead] 01/8/2019 10:41

Daily share price fluctuations to be expected. I am now confident I will see a return on my investment...

GLA,
GD

[123js] 01/8/2019 10:35

That was fun for a while...

[the manini] 01/8/2019 06:03

20 DMA has crossed above the 50 DMA. Looking good...

[blackss] 31/7/2019 15:17

I agree with all your points Hedge but i suspect even just the first one would do the trick, i think its as much about confidence going forward as the other 3 points at this stage. Proving up the jorc to indicated would go a long way to restoring confidence IMHO

[hedgebetter] 31/7/2019 15:04

When the results are announced, should they be seen as good by the market, then this could lead to a new higher share price target.

First they need to have a level of indicated resources (for now) that supports the scoping study.

Second they need some higher grade finds in the existing JORC covered area.

Thirdly should there be an increase in tonnage from the current drilling and previous step out drilling then that will Result in improved NPV.

Fourthly, should they provide evidence of repeating structures in the license area then the market
Might decide to extrapolate the NPV from that.

And last but not least, there is the chance that another third party is waiting for these results before their next move.

[edgein] 31/7/2019 13:46

Well it isn't gonna go straight to 0.095p in one or two sessions always be profit takers happy to sell it oversold just to get their small percentage. Bargain hunters will take it on its next leg up though. It can't stay this oversold forever not with the drilling progressing and news expected. Drill campaign assays, JORC upgrade to indicated etc etc plenty to come to give this one a more realistic market cap.

Regards,
Ed.

[hedgebetter] 31/7/2019 13:36

Onwards and upwards ...

[blackss] 31/7/2019 11:58

Some tree shake, more like a tree "Fella" at work :)

[hedgebetter] 31/7/2019 09:53

Tree shake

[rmart] 30/7/2019 13:16

Depth 5
08:21 CFEP 3,000,000 0.02
12:05 SCAP 3,000,000 0.02
10:51 WINS 3,000,000 0.02
10:56 PEEL 3,000,000 0.018
12:28 STFL 3,000,000 0.018
5 Depth
0.023 3,000,000 PEEL 10:56
0.023 3,000,000 STFL 12:28
0.025 3,000,000 SCAP 12:05
0.025 3,000,000 WINS 10:51
0.03 3,000,000 CFEP 08:21

[rmart] 30/7/2019 12:15

Just a shake that failed

[hedgebetter] 30/7/2019 11:46

MM’s lack stock? Tricksy.