Eurasia Mining Share Discussion Threads

[dubjon] 26/3/2019 19:05

This looks like the end of the beginning, so to speak.
There should be a steady flow of news going forward.I'm planning to hold come what may. Long term this could be a fortune maker.

Get them in the isa and sipp pronto,unless you want to share with the taxman!

[livup967] 26/3/2019 18:07

We will be busy over the coming months developing our plans with Sinosteel for the mine’s startup and expected move towards production.

with these words''in your link BOOK'' could production.
START BEFORE 2021 as was expected. INTERESTING

REGARDS..

[russiaguru] 26/3/2019 17:34

To quote Cs - the pasta is in the pan

[zhockey] 26/3/2019 17:31

Ed DFS' cost a lot, can they fund this from WK?

[the deacon] 26/3/2019 15:57

Probably needs to do the rounds on VOX etc to get the word out. Great rns earlier, and very confident long term hold for me.

[book5] 26/3/2019 15:37

I prefer EUA share price action rather than the likes of Cadence Minersls (KDNC)

[excellance] 26/3/2019 15:26

Guru,
Look at the chart, the slow climb started a year ago. Just buy and hold for two years, easy peasy.

[russiaguru] 26/3/2019 15:22

Good news, albeit lacking any finance detail as norm, expect slow climb from here

[dr darkstar] 26/3/2019 15:18

And still low volumes; I'm thinking us LTHs need to 'spread the word'

[edgein] 26/3/2019 14:19

CC,

It sure is, anyone else looking for areas close to us have to apply to our 80% subsidiary first. So we get first crack at discoveries and unexplored areas too. Massive massive upside beyond the 2M Oz. Good to see Sinosteel delighted at this stage too, they're gonna make a few extra mill in interest too. The new revised DFS will be worth a read.

Regards,
Ed.

[charles clore] 26/3/2019 14:10

Ed - I think that's called added value!

abrahe - please let us know the company's response. Thanks.

[edgein] 26/3/2019 14:06

Excellent update. Now not only have they signed off with Sinosteel/CKE but there's other very juicy parts to that RNS. They're doing a new feasibility is no1. This will include the new price of Pd, its around only gained around $950/Oz since the last one came out! Anyone think there might be some adjustment to the reserves to come? :) Moreover no2. and the really interesting parts all areas within 5km of these two pits are first serve to EUA, including areas that already have mineral discoveries! Lets just say between now and end of 2020 is gonna be very busy and even more interesting!

Regards,
Ed.

[abrahe00] 26/3/2019 14:01

I hope you're right CC. I've emailed the company, asking for confirmation.

[milste1] 26/3/2019 13:59

Very Happy with the update, look forward to further updates...


((-:

[snowman100] 26/3/2019 13:49

No risk = Optiva 5.4p....at VERY conservative estimates.

[excellance] 26/3/2019 13:47

The $50m is payment for pre work, and also "compensation" for work already done.

None of the finance appears on Eurasia's book until after MT hits full production and the finance repayments can be maintained.

[charles clore] 26/3/2019 13:47

It never ceases to humour me as to how people are so disbelieving when they talk about EUA 'not having secured the contract yet' or 'finance hasn't yet been agreed'.. All they have to do is go back over the last 3 years' RNSs and the Optiva note. The information is all there for any researcher to find. The finance package has been agreed even if the budget lines haven't. and they won't know those until the preliminary work has been done.

[charles clore] 26/3/2019 13:40

abrahe - that's how I understand it. EUA effectively won't be paying anything towards the cost of the mine. The Sinosteel deal is a cleverly constructed means of transferring the necessary cash to EUA without making it look as if they are gifting EUA the 15% contribution. So EUA works for their share and doesn't make Sino look reckless or over-generous. I guess that is a reflection of how badly Sino wanted the contract. The mine is going to be a monster imho.

[book5] 26/3/2019 13:28

Abra
Bcs CS has explained that the 50 million subcontract to eua will yield a good profit to finance the 15% eua contribution

If however we are short then eua may need to go to a bank post off loafing agreement with a major

Also We have 1 million credit line with director if required

[livup967] 26/3/2019 13:25

Excellent news.steady.as.she.goes''more.detail.to.come

GLA

REGARDS

[abrahe00] 26/3/2019 13:22

sclper26 Mar '19 - 13:08 - 19324 of 19326
0 0 0
The subcontract for $50m is for early stage work. This allows for a decent profit margin on the work carried out. The profit will then be ploughed back into financing of the mine which will be EUA's 15% contribution.

============

If that was true, then Sinosteel are effectively financing the whole lot.

Cyber: * It would appear that we will definitely not be needing to raise money to fund our contribution?

How did you deduce that from today's announcement?

[book5] 26/3/2019 13:18

Very low volume
It seems Only the few believers (pi) buy here

[dr darkstar] 26/3/2019 13:17

I agree with that analysis and always have ...

[sclper] 26/3/2019 13:08

The subcontract for $50m is for early stage work. This allows for a decent profit margin on the work carried out. The profit will then be ploughed back into financing of the mine which will be EUA's 15% contribution.