Eurasia Mining Share Discussion Threads

[red rook] 10/10/2019 14:36

... and I will be happy if you are happy ... :-)

[mostyn] 10/10/2019 14:34

If they achieved that I would be very happy.

[red rook] 10/10/2019 14:31

Yes, except DS has stated very clearly in recent interviews that the plant will be up and operating at FULL capacity by the end of 2020.

I am sure you will not begrudge him a few months leeway if it goes a few months over that schedule!

[pennstreet] 10/10/2019 14:29

WTF - what are the 4m trades? Rollovers?

[mostyn] 10/10/2019 14:26

On that basis mining start up can commence at any time between Q2 2020 and Q2 2022?

[red rook] 10/10/2019 14:12

mostyn,
'...the Gannt Chart they are currently using in their tweets Eurasia are clearly not on track....'

Does the length of the bar in a Gannt Chart not represents the duration expected for a task to be accomplished? In the case under discussion, the commencement of the EPC contract. If so, then the Gannt Chart shown is perfectly valid.

When the Chart was drawn, EUA had given themselves from the start of the 2nd quarter 2019 to the end the 4th quarter 2020 to commence the EPC contract. In the Interim Report posted on 26 September 2019, it states in the Chairman's statement that ...'Work is now ongoing TO TIE UP THE REMAINING WORK REQUIRED TO COMMENCE the Sinosteel EPC and see the 2Moz Monchetundra project through to production.

So they are close to the 'commencement' of the EPC contract ... and the triggering of the SinoSteel first tranche of $26.5m. They should achieve that soon, and it will be well within the period allocated for this task to be accomplished.

[thechinaman1] 10/10/2019 12:51

If SS make that first $26m payment, wouldn�t that immediately confirm they see a return on their overall $176m outlay ie that mining will happen and yields will cover the capex? If so, the share price would change to reflect not just the $26m but also the far more tangible future value of the resource. Would be a point at which to invest not divest?

Each to our own, I guess.

ATB
TC

[mostyn] 10/10/2019 12:38

red rook,

If you look at the Gannt Chart they are currently using in their tweets Eurasia are clearly not on track. In the interims at the end of September they stated that the EPC Contract hadn't started. On the Gantt Chart it starts in Q2 as does Pre-Stripping. I reckon they are at least 6 months behind schedule, possibly slightly more.

[abrahe00] 10/10/2019 12:36

" If Ab�oo is correct and there is no value nor future here, I wonder why s/he bothers to post?..."


Because they may still get the money from SS, which should double the share price Then, I'm out...

[thechinaman1] 10/10/2019 12:27

My figures were always in Sterling; the �in the ground� estimates are as I said based on the type of mining being undertaken - this is not South African deep mining so no point making that comparison, and is in an established mining area with all services to hand. Breakdown of minerals is in EUA�s website under �Operations�. Bottom line is the value one identifies is down to how positive or negative you choose to be - I am hopeful that EUA�s negotiating skills aren�t as bad as some would suggest, given the Sinosteel deal and now with this consultant incentivised to cut a good deal. We shall see. If Ab�oo is correct and there is no value nor future here, I wonder why s/he bothers to post?

[mostyn] 10/10/2019 12:23

CC,

Just bored witless. It wouldn't be so bad if most of my other stocks weren't just the same as Eurasia.

[red rook] 10/10/2019 12:15

... looks like Pd is on the rise again, topping the $1700/oz level. There is no doubt Pd has been, and continues to be, a star performer.

[cool hand kev] 10/10/2019 12:08

I think that the Palladium v Platinum split is 40/60? but i would have to google it

[red rook] 10/10/2019 12:07

... I see that EUA has been extra busy over the last few days tweeting... most may be a re-hash of what has been posted before, BUT it does reaffirm that operations & schedules are still on track .... contrary to what some have posted here ... otherwise EUA would not be re-posting them.

[red rook] 10/10/2019 12:00

... latest montage of pictures from WK for September

.. Site operations continue at #WestKytlim
.. #EUA has released a montage of pictures with a focus on the people and site activities @ ... or @

Looking at the weather forcast for the region over October it looks like operations will be ongoing during Oct and possibly during November as well.

[charles clore] 10/10/2019 11:42

mostyn - it sounds like you are on the slippery slope. Get a grip man!

[block4gooner] 10/10/2019 11:17

I'll take 8p

[mostyn] 10/10/2019 11:17

There looks to be very little interest in a whole range of resource juniors at present, especially those that are non producing. While Eurasia just about limps into the list of producers the amounts aren't sufficient to generate much enthusiasm. There doesn't seem to be the interest in the market or on the bulletin boards to suggest anything is likely to happen any time soon. On the LSE bulletin board the last post was almost 2 weeks ago. There is also no sign of stake building for those who fancy the takeover route. Let's just hope CS doesn't do any interviews to complete the picture of negativity.

[abrahe00] 10/10/2019 11:15

So... You're assuming that the entire resource is C1 and palladium only!?

Hmmmm... Interesting...

Read the MT resource report again. Less than 2% is C1 and as far as I know, they don't give a breakdown of Palladium v Platinum.

Plus, 10% of market price for in-ground resource is extremely generous. It's more likely to be around $100/oz.

Last but not least... Don't forget to convert $ to �...

I think 0.5p is fair value TBH...

[thechinaman1] 10/10/2019 10:04

Not sure where the squiggles come from but supposed to be pounds sterling.

[thechinaman1] 10/10/2019 10:01

�2,700,000,000 worth of resources excluding flanks x .1 as in the ground
= �270,000,000 x .8 (eua�s Interest)= �216,000,000 / 2,700,000,000 shares = 8p

Note the resource estimate is very conservative, as is the �in the ground� figure given open pit and close to power and transport links. Also excludes W Kytlim and gold prospect.

Also, some prospective buyers will recognise the strategic importance of this resource as the tweeted purchases illustrate...But what do I know!

TC

[block4gooner] 10/10/2019 08:41

So the question becomes how much per share if sold?

[pennstreet] 10/10/2019 08:32

Not a lot it seems ' got a little excited seeing the blue. That was swiftly followed by a large sell. Why are peeps selling - do they something we don't???

[cool hand kev] 10/10/2019 08:28

What's going on here?