Eurasia Mining Share Discussion Threads

[driver101] 27/9/2019 22:23

PRICE
PALLADIUM
COMMODITY
1,683.50 USD + 14.50 (0.87%)

[snowman100] 27/9/2019 19:21

Wow....yes Pd went over 1690.

Now at $1685.........not too shabby at all....this is getting really exciting now!

[book5] 27/9/2019 18:15

Today Pd another all time high
Waiting for USA China trade war to end, then new highs almost guarantee

[book5] 27/9/2019 18:13

Weather looks good for next 10 days

[excellance] 27/9/2019 18:13

I think they are collecting the results today, maybe news in a few days?

[pennstreet] 27/9/2019 18:06

Mid-November

[block4gooner] 27/9/2019 17:38

When is the end of the mining season?

[drh3] 27/9/2019 17:14

Strike that. Just seen other posts....

[drh3] 27/9/2019 17:12

So Alexei is in Scandinavia according to Twitter .... near kivitsa by any chance??? I would imagine they are talking to them regarding processing options.

[snowman100] 27/9/2019 16:59

....'they are going to be looking at onsite processing options so I wouldnt expect news till christmas.'

Let's use the time wisely then......plenty of time to top up!

[block4gooner] 27/9/2019 16:47

After price drops with small sales why has this not risen

[russiaguru] 27/9/2019 16:45

they are going to be looking at onsite processing options so I wouldnt expect news till christmas.

As normal for EUA the funds are probably tied to approvals so we have to wait for the flanks extension to be approved first, similar to the good olde WK surprise permit for C1 conversion.

[charles clore] 27/9/2019 16:41

Mineral technology - Geological Survey of Finland

The GTK laboratory functions and the GTK Mintec test plant specialise in services for various operators, including the mining, metal, environmental and chemical industries. Our research system covers the whole chain from mineralogical and isotope geology studies to laboratory enrichment tests and all the way up to continuous test plant scale runs.

Who was here today?

[excellance] 27/9/2019 16:37

My guess is they already know exactly what they plan to do but want third party verification to satisfy the bean counters.

Sinosteel don't make market statements, they don't need to, they aren't listed.

Several aspects of this will probably be confidential bearing in mind that several parties are interested in participating and will want confidentiality.

All very exciting!

[book5] 27/9/2019 16:23

I believe when they choose the method of extraction there will be a rns, informing to the market that circuit has been selected , and then sinosteel will start designing the engineering plant to comply with the selected circuit

we need approval from authorities of recently submitted mining report, but this is a given

eua said they can withdraw money when mining permit is given, I thought we already have the mining permit.

so at easy, imho it does not make sense to withdraw any money yet, what they need money for? Answer to design and built the plant. But they cant do that till they decide the circuit, for that they are contacting Australians and south Africans, and need to built a testing facility.

I cant see anything wrong in the narrative of MT engineering development and the contract

[cyberbub] 27/9/2019 16:16

I know snowman, but still they may need clarity on some matters before committing to a $150M project. On the other hand who knows perhaps the $26M will land next month!

[snowman100] 27/9/2019 16:13

....then if they need a month or two extension......'

SS are a multi billion dollar major company.

[book5] 27/9/2019 15:59

I think Eua has not put the order of what cycle to built to Sinosteel

We know they are in contact with Australian and South African firms

It does not make sense to draw money from sinosteel to start removing 100m of overburden as that would costs money in interest rates

Order must be:
- freeze the method to extract metals
-redo program of construction
- fit into program when star removing overburden in one of the pits only, to coincide with mining operation
All to save financing costs

[book5] 27/9/2019 15:53

Cyber
Can you please post extract showing your concern?
May be someone could ask?

[charles clore] 27/9/2019 15:50

cyber - I don't know why Sino would want an extension to decide whether they still want to go with the MT project. After all, I believe they have already had a couple of years due diligence in the beginning before they even signed. I think it will be full steam ahead pretty soon.

[cyberbub] 27/9/2019 15:45

I think maybe I'm being too jittery. Reviewing the original EPC contract announcement it says 36 months for payments to commence (ie. October 2019) but I don't know whether this is a definitive contractual date or just a target. I suppose if SS are still interested (and with metal prices on the up why wouldn't they be?) then if they need a month or two extension I doubt that would be a big deal.

[charles clore] 27/9/2019 15:42

MMs balancing the books imho

[cyberbub] 27/9/2019 15:40

The 4M trade is dated today and I don't think it's big enough to be a worked sell from several days ago IMO

[cyberbub] 27/9/2019 15:38

Excellance is it really coming up to 3 years already?? :-oI'm getting slightly concerned now as to whether the silence means a risk that Sinosteel might walk away? To be fair they have mentioned the SS funding in recent announcements which sounds positive, but they're leaving it to the last minute...

[pennstreet] 27/9/2019 15:05

I would have thought we'd get a tick up if it was a buy?