Eurasia Mining Share Discussion Threads

[cudgietoo] 04/6/2019 01:54

Ah, yes - soddin' grand solar minimum
Bubble wrap's the answer. Bubble wrap

[excellance] 04/6/2019 01:25

Didn't AB mention waiting for the thaw so sluice or tailings pond could fill with water?

[cudgietoo] 04/6/2019 00:37

Well pleased with the update - This bit seems to have gone un-noticed:

[Ore] is now being fed through the trommel using a feeder system. This addition to the washplant is designed to establish a more consistent flow of gravel through the plant than the excavator used to feed the washplant in the 2018 season

This is a MAJOR improvement IMO, provided that the conveyor is robust and reliable. Rather than chuck a bucketful in every now and then and have "gluts" pass through, the feed can be controlled and fine tuned ... consistent flow means every last grain can be washed out and collected

With the addition also of the jig at sluice exit to catch particulates, I'm hopeful that the numbers, when eventually released, will be well worth waiting for

Video update late on in June should be very informative - We'll have to wait and see I guess :-)

[russiaguru] 04/6/2019 00:07

For once Cs actually had some emotion in his voice, so much better than the last one.

[excellance] 03/6/2019 22:13

pt up 3.6%

[excellance] 03/6/2019 22:10

personally i want it above 1.8p, or, maybe the plan is to keep it below 1.8p until after the 0.60p warrants expire in a year or so?

[book5] 03/6/2019 22:04

This will not have gentle rise, but in big steps
I cant wait for share price to be above 1p

[book5] 03/6/2019 22:04

This will not have gentle rise, but in big steps
I cant wait for share price to be above 1p

[excellance] 03/6/2019 21:33

it just gets better and better!

[the deacon] 03/6/2019 20:37

Wrong re Palladium. Here's why:"Palladium, this year's hottest metal, is used mainly to cut pollution from gasoline engines. Yet anyone betting the rise of electric vehicles will curb demand anytime soon is likely to be disappointed, according to the metal's top producer.Hybrid-electric cars, which also require precious metals to control pollution, represent a growing percentage of future demand, said Anton Berlin, head of analysis and market development at Norilsk Nickel PJSC. The Russian miner forecasts that combined palladium use in hybrid and plug-in hybrid -- or rechargeable -- vehicles next year will be nearly triple that of 2016."

[aidenabettin] 03/6/2019 20:03

hTTps://www.kitco.com/news/video/show/Kitco-NEWS/2422/2019-05-31/Will-The-Future-Of-Electric-Cars-Kill-Platinum-And-Palladium#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS

[the deacon] 03/6/2019 19:13

"The world's top platinum miners are bracing for a fresh round of negotiations with South African workers as a rise in producer profits is likely to provoke higher wage demands from labour unions including the militant AMCU.Higher prices for palladium and rhodium and a weaker rand currency have boosted profits at miners such as Anglo American Platinum (Amplats), Sibanye-Stillwater, Impala Platinum and Lonmin after several years of losses.This could embolden the Association of Mineworkers and Construction Union (AMCU), which last month ended a five-month strike at Sibanye's gold operations, to demand increases that outpace inflation. Talks are expected to begin in June."We expect another tough round of negotiations," Amplats spokeswoman Jana Marais said. "Our employees' disposable income has been under increasing pressure."A five-month strike in 2014 by thousands of AMCU members at the Rustenburg operations of Amplats, Impala and Lonmin forced the companies to restructure and cut jobs.'

[book5] 03/6/2019 18:55

CS is prudent by nature.
So, would it be that he knows the production numbers of the first week/s and are much better than the average?
Two probable reasons for that:
- better recovery rate
-higher use of washer plant: 2/3 shifts per day at the washer plant?, less idle periods

[davidspringbank] 03/6/2019 17:48

The bit that I especially like is "MT is a company maker". I'm still here and I haven't sold a thing and don't intend to.

[excellance] 03/6/2019 17:07

so yes, whats not to like?

if we produced £2.57m last year then with optomised plant and good planning, and hopefully benefiting from the nugget effect again, maybe we'll get to near £5m, and plans to double that to £10m next year.

with reliable revenues comes a p/e ratio...and a formula for the bean counters to calculate a base market cap, but remember MT is slowly developing and should be live and kicking by Q4 hopefully...just imagine that for a moment!

moving forward to just 10 months time...3 or 4 wash plants, £15m or £20m revenues, MT signed off and our $50m deposited, and the bulldozers on site carving out our company making super mine!

just 10 months away!!

[book5] 03/6/2019 17:03

Pd pt are becoming strategic and companies and some governments (USA) should be stocking them up in strategic reserves
So imho we are in a the best (safer) mining sector, with pt below production costs

PGM only metals I like

[book5] 03/6/2019 17:01

Exc
Agree very positive, it should help so to bounce at the bottom of the channel

[buzzarn] 03/6/2019 17:01

CS also said - No more placings

[excellance] 03/6/2019 16:55

making a lot of progress developing the company

discovered about 4 deposits, 1 is in production and we hope to bring the other into development this year

production...we produced 165kg raw pt last year giving us revenues of £2.57m, this year we've done a lot of work to improve recoveries, produced a months stock pile of material for processing plus daily production.

MILESTONES...

WE EXPECT TO HEAR NEWS SHORTLY OF FURTHER DEVELOPMENT PLANS FOR OUR MINE...AIMING TO INCREASE PRODUCTION HOPEFULLY THIS YEAR

MT IS A COMPANY MAKER...WE ARE BENEFITTING FROM THE VERY STRONG INCREASE IN THE PALLADIUM PRICE

CASH SITUATION...we did a placing but because we now have cash flow from the mine now IT TAKES THE PRESSURE OFF the need for immediate cash

we are a pure PGM play BUT WE DO HAVE OTHER PROJECTS PLANNED GOING FORWARD

we expect WK will be the WORLDS BIGGEST ALLUVIAL PGM MINE THIS YEAR

we are now a company with income so we will no longer be relying on placings to finance our development work, we will have cash flow to develop the company.


so all in all a very positive interview. My take is that we have plenty of material stock piled and if there has been a long wait for the thaw it wont matter because we'll have two wash plants very soon "news shortly" and "biggest alluvial PGM mine in the world this year"

[aidenabettin] 03/6/2019 16:52

Then you go and spoil it all by saying something stupid like the assets are in Russia!!!!

[book5] 03/6/2019 16:44

Love the WK hints:
- further development
- largest alluvial
- increase production
Above comments are for this year
Very probable we have second washer plant soon
Existing Washer plant is going to work full time with no gaps, and better recovery rates (to be confirmed how significantly the recovery rates improved)
This is a good bet

[charles clore] 03/6/2019 16:35

I think CS sounds quite upbeat and get the impression there will likely be several bits of news in succession this year.

[amont92051] 03/6/2019 16:28

I notice that CS states during the podcast that MT 'is a company maker' as opposed to the vague 'could be a company maker' mentioned once or twice previously.

[the deacon] 03/6/2019 16:15

https://www.voxmarkets.co.uk/series/daily-podcast