Everything still looking great on this share being a possible 10 bagger, at least!
Recent Update on the Toral Mine as follows:
Resource expansion potential identified at the Company’s wholly owned Toral lead-zinc-silver
project, northern Spain (“Toral” or the “Toral Project”)
Four hole extension drilling campaign extends the boundaries of the mineralisation 200 metres
to the east of the pre-existing defined JORC (2012) mineral resource estimate
Structural continuity confirmed to the east of the pre-existing resource area, with every Reverse
Circulation (“RC”) drill hole encountering limestone/slate contact containing Zn, Pb and Ag
Drill hole TOR-14 assayed unexpectedly high-grade results near to surface
Cost effective RC drilling programme targeted areas all within 300 metres of surface. The current
Phase II Diamond Drilling programme is being conducted within the pre-existing defined resource
area, with the first holes of infill drilling completed on budget and to schedule
Waiting patiently for the Scoping Study to be released, stated as being done before Christmas.
In the Executive Director's own words the share price will shortly experience a slingshot effect.
This share does not seem to be well followed in South Africa.
61 million share trader in London yesterday, 59 thousand in South Africa!
For those interested, I generally follow this thread on EUZ:
Obviously there is still risk, as with any share, but looks like things are falling in place for a good Christmas present.
I'm long on this company.
I'm a newbie, that also at some point believed in Steinhoff.
Do your own research!