A good comparison for EUZ is the SASA Zinc Lead Mine in Macedonia.
It has a production capability - which EUZ does not, but has ballpark tonnage - which EUZ is aiming for with the extension drilling to the east. I expect a serious uplift in EUZ's Toral resources in Q4 2018. There has already been site visits by interested parties.
Take out the cost for a brand new mine, knock some more off as a good will gesture, and you have a potential ballpark figure for EUZ Toral which is a double digit multiple of the current market price.
DYOR.
EUZ Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
