EMH 7.14% 26.0¢ european metals holdings limited

Weekend research - Near term news, page-16

  1. 1,877 Posts.
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    Ladies and gentlemen, EMH has done so pitifully little in the past 4 years it’s almost laughable. What is worse is not only have they not done much in that timeframe, they have also have managed to corner themselves into major rework on the DFS (due to the new site selection).

    When will this pain end? I cannot see EMH producing anything at this pace, not even in 2026 as that date is only year and a half away and EMH does not even have their DFS out.

    A rough EMH timeline based off other projects that are similar in nature would look something like this (this is a very optimistic/bullish timeline):

    DFS release March 2025
    EIA approved/endorsed Aug 2025
    Finance/Offtakes secured Nov 2025
    Mine Construction start Feb 2026
    Pricessing Facility Construction start May 2026
    First crushed ore train out to Prunerov Sep 2027.
    First product (carbonate/hydroxide) Nov 2027
    Full nameplate production capacity early 2029

    The above are all guesses based on the recent projects delivered in Australia of similar capacity (~30tpa).

    @FingersXed, please spare us from your triple shifts and 60tpa nonsense, EMH is struggling to deliver on the timelines presented in their updated PFS figures from 2021, so any upgrade to the original plan is out of the question for now (btw we should have been constructing about 3 month ago, according to PFS update that is).


    Last edited by Chuxa: 01/06/24
 
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