Eurasia Mining Share Discussion Threads

[cool hand kev] 05/4/2019 08:27

I'm not expecting much buying today.
PI's will probably wait until Monday if their ISA's are already fully allocated.

[pennstreet] 05/4/2019 08:25

Passed you a while back

[book5] 05/4/2019 06:39

Yesterday AB put good tweets
Check them out

[book5] 05/4/2019 05:40

It seems there will be plenty of water available for all those washer plants....

Thanks

Dobre utra.

[cudgietoo] 05/4/2019 02:06

EUA price chart looks good and Pt price chart very promising as we head toward the thaw and commencement of gravel washing at WK

We know the mining contractor has a strongly vested interest and incredible work ethic

They should be privvy to the numbers currently awaiting resource approval..
Is there a possibility of TWO additional wash-plants being prepared?

It would be an "up front" capital investment on their part but with quick payback

Approval cannot be far away and it's better to be holding a bat when the ball comes hurtling in your direction, I'd say - but just depends on the numbers involved

Pure conjecture on my part - Keep the dream and all that :-)

[charles clore] 04/4/2019 20:20

dubjon - you are absolutely right thanks for pointing that out.

[book5] 04/4/2019 19:13

Current Pt price at 903 is similar to last year price at start of season, but then it went down towards 790 at beginning of Sep
Hopefully this season we have a better price action.

[dubjon] 04/4/2019 19:02

I think lift off is imminent!

[dubjon] 04/4/2019 19:00

strictly speaking, both MAs should be rising for a true golden cross. see eua chart Nov 2018 for an example. FWIW eua chart looks like a golden cross is about to be formed

[charles clore] 04/4/2019 18:22

Look at the way Pt is taking off. Fuelled by a lovely Golden Cross there are some whales following it imho.

[book5] 04/4/2019 17:44

Pt raise today is very very strong bcs rest of metals are down, Cu down more than 1%

[book5] 04/4/2019 17:22

Pd, Pt
Prices are going opposite directions so some substitution going on
I belive we will see Pd higher than before thiugh

[book5] 04/4/2019 17:22

Pd, Pt
Prices are going opposite directions so substitution maybe driving it
I belive we will see Pd higher than before in next 12 months
pt at $1000 ideal for this WK season, and this may actually be important bullish factor for short term eua share price

[charles clore] 04/4/2019 17:17

It seems the MMs have absolutely no float. Stock is tight and any news should put a rocket under the price imho.

p.s. - and guess what, the new ISA year starts next Monday YIPPEE!

[excellance] 04/4/2019 17:10

Pt $901
+$30
+3.5%

Pd off a cliff, down $45

[excellance] 04/4/2019 17:04

Low volume again today, yet the buys outweigh sells, so up we go.

0.49 to 0.57 in 24 hours.

[excellance] 04/4/2019 16:52

So if the contractor has to pay, we are in his hands. Presumably both parties want to maximise production, so once we get the upgrade and permit presumably it will only be a short time to mobilise plant and men?

My WK hope for this year is no accidents or injuries, no disputes, second wash plant by July, 300kg of raw pt for the season, progress with drilling to open up areas for next year and beyond.

Regardless, the elephant in the room is still MT.

Results will be interesting reading.

[charles clore] 04/4/2019 16:48

ex - as I understand it EUA pays nothing towards any costs at WK as all costs are paid from the contractor's share of the spoils. The EUA guy goes down to the trommel every day and collects whatever has been produced, takes it back to the EUA lab where it is sifted, vibrated and sorted for nuggets. Then it is all taken to the smelters and they get their money and it's a very quick turnaround. An excellent arrangement as long as the both parties are honest honest and hard working. I think 65% is an excellent motivator and it ensures they will be just as keen to get on with things as we are.

[mostyn] 04/4/2019 16:48

Platinum shooting up +$28, Palladium shooting down - $41.

[edgein] 04/4/2019 16:25

Book,

Yes the contractor pays for development and mining costs. Not sure that they'll be cash strapped though or short of gear as their area of expertise is alluvial mining and they've been at it for some time. So I'm expecting the second wash plant to be mob to site shortly after they get approval from the Russian authorities for the additional reserves and mining permit. Whether that's mid or end of '19 season we'll have to wait and see. If the grades and production are higher this season and we get the sub contract cash I think most will be prepared to wait to 2020 for the second plant if necessary. My gut instinct still suggests it'll be on sometime this season, but who knows.

Regards,
Ed.

[book5] 04/4/2019 16:07

At WK Contractor
They may need finance

[excellance] 04/4/2019 15:54

Not sure who pays for capital equipment.

[dr darkstar] 04/4/2019 15:21

Company needs to generate the cash and the 2nd washplant is a no brainer … watch this space