EMH 0.00% 27.0¢ european metals holdings limited

Great read about EMH, page-135

  1. 7,603 Posts.
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    Zulu , I like your posts but please do not speak on my behalf " The main problem with the PFS is it left us all feeling misled by Keith " I seriously do not feel mislead , KC clearly indicated we were roasting months ago , he clearly stated looking at six alternative routes and would pick the best one . This is after all a PRE feasibility means the story still needs to unfold with greater depth , the advance study will clearly have greater production than the PFS . The pfs shows us to make $135 million a year if you add the $2,000 a tonne LI price that others do in their feasibility studies we will make $175 million , double the production and we are up too $350 million add your own price earnings multiple and where do you think our price will be . A PE of 10 values us at $3.5 Billion dollars at this level which will aprox be $10.00 to $14 a share AUD . There is no issue of trust in my eyes just a bloody great buying opportunity . Re capex increase , may I suggest at the announcement of previous estimates , would they have known we had to put the crushing plant under ground ? I suspect this was a request by Czech Republic and form part of the agreement to get mining permits recently . We are still on our way Zulu , I think this is just a temporary gliche .
 
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