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EMH

5.13%

20.5¢ european metals holdings limited

Yes all good but why the selling :(... we all say we do not sell...

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Hottin

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17/05/17

10:34

Post #: 24736872
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Originally posted by Miro_Umlauf ↑

Ok, looking at share price drop I think it is time for me to say also something positive. I know I do whinge here a lot about worse numbers in PFS compared to reviewed scoping study. But the reaction to me looks now like way too much. Cínovec was in the past profitable by mining and processing tin/tungsten only. I believe tin and tungsten prices are very well set compared to past average and most likely the average will go up in the future.

Most importantly compared to the past the plan is now to make
major revenue on additional product - lithium - which is in last years breaking prices records and even the conservative expectations are it will fly high for long time to come. And with newer technologies there is another help - potash.

So now there is tin, lithium, potash and possibly tungsten compared to past when the mine was profitable on significantly smaller part of it. And we have now PFS done, permissions granted heading steadily into production and at least two lithium processing methods which we can expect by all calculations so far to be very profitable. So though I am not big fan of roast and still would like to see second alternative, this project deserves better no matter which one/both will be eventualy used.

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Yes all good but why the selling ... we all say we do not sell but someone is selling. Well it looks like we are going to 56c and I hope that holds!

EMH Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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