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Eurasia Mining Share Discussion Threads
Showing 21951 to 21973 of 21975 messages
|Feasibility studies were ongoing as per rns from October last year, and were to be completed by year end.
It didn't specifically say BFS but in any case this is all covered in the contract with Sinosteel as far as I can see.|
|Excellence, what about the funds to progress MT? EUA will need to fund a BFS before any project financing can be raised by Sinosteel. Then they need to find 20% of the equity.|
|To be fair Z, we are at the same share price as we were 2 years ago, which is rock bottom, so at any price above this you would have been correct to predict a fall.
As I have pointed out numerous times, there is no pressing need for cash, we don't need a million quid up front so long as we can manage loan repayments.
We do now have income, tho it remains to be seen how much.
There is a huge pot of gold at the end of this rainbow, just waiting for the rain to stop, and us little people can fill our little sacks up...|
|We'll see Charles, I have called the trend correctly since Q4 last year.|
|Well I think it will drift higher in anticipation to be honest.|
|Until funding is resolved this is going to drift lower IMO.|
|I am on a different edition now:
отк;рыm0;ия мир;овl6;го кла;ссk2;|
|It is normal for businesses to run with highest return assets and sell off non core lower performing ones on the journey. WK is a vehicle to help us on our way, but ultimately is expendable for a price.
Dilution or farm in is probably the best option to fund MT in the future, but that's a while away yet.
CS will view the options on the table and make decisions accordingly. If he asks for more cash via open offer, I'm happy to go with it.|
|lol I prefer the coffee shop bring the new edition back when you get it|
I have now taken my newspaper to the library, to much noise in the coffee shop...
|Well mention was made in several past releases re interested parties for MT then that fell by the wayside as it looked as though the company wanted to go it alone.
Where's that MT newspaper Milste and I'll see if there is any new information.
A few options available so let's see where CS takes us.|
|95% for me, 5% they pull out some kind of creative finance deal or sell off WK.|
|What percentage chance of that do you think Z?
Me guess is about 40% chance of a major placing short term.
Taking the positive out of that, if it happens we are still alive and fully loaded with cash.
Personally I would prefer an open offer to finance MT.|
|A big ol placing is still on the cards IMO.|
|Excellence that had crossed my mind.
Now where's that MT newspaper Milste was reading|
|Putting my cynical hat on, let's hope there are no underhanded shenanigans behind the scenes by bankers trying to steal our assets by blocking our access to cash...|
|You can wait for 0.3p but it may never happen, and you will miss out.
0.3p is of course possible, but to get there would mean bad news busting us down through support at 0.45p, and that can only mean a desperate cash call or insolvency.
Up til now we have not made a penny profit and have always relied on benevolent partners and dilution to raise the capital to develop value, and we will need more for MT in a year or two. Right now tho, we need a return from WK to balance our liabilities, and we need to find cash for the tailings project.
Longer term, the value of our assets will rise significantly. Miners have been raping the planet for platinum for a century but are finding it harder and more expensive to retrieve, so supply will fall relative to demand and price will be forced up.
Let's hope we are still in the game when MT comes on line.|
|Reference MT, a Tier One Project
This is why we are invested here!
Only 12 tier-one projects (deposits with a net present value of over $1 billion) were uncovered in the past decade compared to an average of two to three a year since 1950, according to MinEx.
MinEx also reported that the average cost of finding a significant mineral deposit has tripled in the last 10 years to about $238 million.|
|Zhockey - you're extracting the urine. You should be concentrating on the very real prospect of platinum extraction instead ;0)|
|I certainly hope your wrong on that Zhockey as it would take forever for the company to have any sort of worth. It would also mean a lot of long term/large holders were ditching.
Bottom line is MT numbers have to rock (pardon the pun) and previous releases have alluded to that and it being a potential Tier 1 asset but this won't be known until figures are published.
We all know WK and STP are bread and butter sideshows so come on MNR.|
|I would wait for .3p|
|Morning all well emailed the company re several of the discussions here this last week and the email was read but no response.
So MTR have stated report by month end will we hear it there first we shall see.
Now 3 weeks into the phase for MT that took 6 weeks re WK (publication of reserves and registration update).
Still hope and think will be published within a similar timeline if not earlier.
Hanging about for a coffee for a while see if any you guys turn up.|
|Charles - while you're in the mood, buy another million will you please :o)
I don't think you will regret it|