Eurasia Mining Share Discussion Threads

[ekuuleus] 14/10/2019 03:01

OK, lets have a look at North American Palladium

In 2018, the Company produced a total of 237,461 ounces of payable palladium, meeting the upper half of its 2018 guidance of between 230,000 to 240,000 ounces; an increase of 18% over the 201,592 ounces of payable palladium produced in 2017.28 Jan 2019

240,000 ounces. 31.1g = about 750KG. We produce no palladium and hope to get 100KG of platinum which has about half the current value of palladium.

So $750m/15 = $50m. Hmmm, OK, just stuff in the air, need to dig deeper (!) on NAP to see what else they produce.

[driver101] 13/10/2019 20:28

EUA
Tweet

#EUA #Palladium #Monchetundra
𝐑𝐞𝐜𝐞9847;𝐭 𝐀𝐜𝐪𝐮9842;𝐬Ү42;𝐭𝐢;𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐚𝐥𝐥9834;𝐝Ү42;𝐮𝐦; 𝐒𝐩𝐚𝐜9838;
▫️Impala has announced its acquisition of North American Palladium for US$758m
▫️Eurasia a palladium play not consolidated yet

[block4gooner] 13/10/2019 20:27

ThanksChinaExDriver

[excellance] 13/10/2019 19:47

ss are charging us $176m to build the mine, but they will be making money on that deal because it wont cost them that much, maybe $90m, so they have a margin of profit built in. They are selling a service and we are buying!

[thechinaman1] 13/10/2019 19:33

Maybe wrong, but I think the question being asked was basically “What’s in it for Sinosteel?”. Simply getting their money back with the loan paid off, having kept the debt on its books prior to handing over the finished plant, seems terribly altruistic, and I guess that’s why I remain confident something’s afoot.

Apologies B if that wasn’t the question you were driving at.

ATB
TC

[excellance] 13/10/2019 18:34

How do ss get paid you ask?

The contract is $176m which is what they get paid. The cash comes via a loan organised by ss, given to MT mining company and they manage loan repayments over 7 years.

[driver101] 13/10/2019 18:27

Block

Anyone’s guess, but as said previously on this board time scale ? Sp up to 12 15p?

[block4gooner] 13/10/2019 17:45

.Was on a different line in your post :)So .3 divi SP will be?Timescale will be?

[driver101] 13/10/2019 17:28

Block

.3 not 3p

[block4gooner] 13/10/2019 16:59

3p divi?What would the share price be?Timescale?

[driver101] 13/10/2019 16:46

Block

A good question that none of us know till details are out in a RNS that's what they have been doing since the license landed late last year with lawyers on both sides thrashing it out.
What we do know, the revenue will be $150m plus pa and the plant will be handed over to EUA when in full production that's when we start paying the dept at Libor plus 3% a rough cal by me is $10m pa.

I still think that a divvy would be paid early with such revenue possibly £10m pa that's over .3 per share all IMO.

[book5] 13/10/2019 15:29

My guess: If MT flanks drilling can wait 3 years, then from MT profits
Application has been submitted, it should mention how they plan to finance it.

[block4gooner] 13/10/2019 14:35

No equity interest?How do they get paid then?

[book5] 13/10/2019 13:55

I only want a partner to speed up WK

Our %80 share in MT , that we should try to keep as it is. There is unfinished businesses in both pits bcs on-strike continuation is guaranteed, ie we have more than current reserves. How much new drilling have we committed in the submission of the flanks license , and by when? This may , or may not, be a reason to find a new partner... we don’t know

From rns:

Flanks area application now submitted to Rosnedra. Eurasia's TGK (Eurasia's 80% subsidiary) as the production license holder has exclusive rights to the flanks areas which the directors believe have the potential, given drilling success, to increase the resources severalfold.
· An 8km2 area has been applied for to cover on-strike continuation of mineralisation at both the Loipishnune and West Nittis open pittable reserves.

[excellance] 13/10/2019 13:49

CS said ss are only building the mine and not taking an equity interest, so presumably another party is already lined up.

[block4gooner] 13/10/2019 12:57

Let's hope so

[pennstreet] 13/10/2019 12:47

My point being it'll be SS who will join forces with EUA, as the prospects appear to be too good to refuse!

[pennstreet] 13/10/2019 10:29

So SS have first refusal on the development plans for MT? If that assumption is correct, how can any other big player muscle in??

[pennstreet] 13/10/2019 10:27

Spot on Willmac. Come SS, cough up now !!

[willmac4671] 12/10/2019 22:26

It's just a matter of time here. Draw down of funds = targets met = rise in share price imho. The more stages towards production that happen at MT then hopefully the share price will rise with each.
At some point they will have to try and factor something in for flanks etc because of the companies track record, if everything gets to full scale production as it should.

The historical geological data for MT is there for all to see, and it truly does look like a once in a lifetime opportunity to be in on something of such magnitude!.

This time next year we'll all be drinking champagne and laughing about the days we questioned and worried!

GLA

[excellance] 12/10/2019 19:16

i only look at the gold and silver price in terms of pounds because i hold physical gold and silver, and that has taken a big hit this week because the pound has rallied against other currencies including the dollar due to a potential brexit deal this week.

pgm's are priced in dollars and im ok with that, because eua are getting dollars for their produce, and that should actually put downward pressure on eua shares which are priced in UK pence...so last weeks little rise is very positive within this backdrop.

we are coming to the point where eua will have to come clean about where we are re MT and sinosteel. ive sent an email to cs asking for clarification but no response, and i dont think he can really tell me anything anyway unless he also informs the market, and i expect exactly that to happen probably this week, certainly by the end of October.

[book5] 12/10/2019 16:57

MT is valued to zero bcs market believes MT is not an easy deposit and bcs mine is not been built yet
But Pd price ballooning and Pt crashing will help to built our special mine in Russia against other South African potential competitors

Global Precious MMI: Palladium Price Pulls Away from Platinum

Actual Metal Prices and Trends
The U.S. silver ingot price fell 5.6% month over month to $17.21/ounce as of Oct. 1.

U.S. platinum bars fell 4.4% to $875/ounce, while U.S. palladium bars rose 12.7% to $1,638/ounce.

Chinese gold bullion fell 2.9% to $47.99/gram. U.S. gold bullion dropped 3.2% to $1,478.60/ounce