EMH 10.7% 15.5¢ european metals holdings limited

Heading to $2.00 by Xmas, page-26

  1. 1,838 Posts.
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    A great interview which addresses many of the points raised on HC of late.

    Highly recommended to those who want to better understand next steps and likely news flow.

    Keith emphasises that tin price is key to reducing costs of production.
    Tin price is forecast to increase over the next few years due to supply constraints.
    Lithium carbonate price used in previous forecasts was conservative and is likely to increase which combined with likelihood of further resource upgrades is positive too.
    They are re-opening an existing mine and another mine was opened recently so their is a precedent.
    They have support of municipal government. - Not sure if other levels of government are/need to be involved.
    They need to get approvals but do not forsee any issues.
    They are a "green mine' ie no nasty by products as mining tin, tungsten, litium and byproduct is potash.

    Re-rating of share price likely when process route confirmed (by end of November) and details of NPV, IRR etc and resource confirmed in PFS and DFS.

    Good things sometimes take time...
 
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