Eurasia Mining Share Discussion Threads

[pennstreet] 14/10/2019 12:28

Book - that seems some time away???How can DS state that we'll be in production by the end of next year?

[book5] 14/10/2019 12:05

Forget the 50 million

They are not coming till we received the approval of the mining plan

We may get some few hundred thousands for clerical work/surveys done so far

To get the 50 million we need to do civil works on site which have not started (I am assuming we need mining plan approved first ) , I hope we receive payments in instalments as civil jobs are done in stages

Mine construction will take around 18 months from now (assuming mining plan approval is received before Christmas)

[mostyn] 14/10/2019 11:10

Eurasia on twitter - asking for offers?

Eurasia Mining@eurasiamining
·
15h
#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
hxxps://buff.ly/35jO6rH

[cool hand kev] 14/10/2019 11:07

Could someone give Sinosteel a call and ask them where 50 million is?

[mostyn] 14/10/2019 11:05

Historically PREM has always ended in tears. Hope it doesn't happen again , but being ramped.

[pennstreet] 14/10/2019 10:40

Jeez - look at PREM go. Good luck to holders - maybe we'll get some of that too

[book5] 14/10/2019 10:29

Reserves is also a factor to consider
The massive goes hundreds of meters down

we have only 25 million for pre-stripping of overburden, and the rest of works (the other 25 million is our profit), therefore the first layer of rich ore must be very close to surface because 20 million is not much to dig beyond few meters (0 to 5m in both pits??) (hard rock requires explosives)

We don’t know the model of the deposit

[ekuuleus] 14/10/2019 10:14

Aren't our grades supposed to be better as well.

Silver lining is that NAP is 1g/tonne and less and doing very well at that concentration.

[ekuuleus] 14/10/2019 10:13

Home page of NAP is an opencast pit. Hmmm. Maybe they have a combination.

Couple of things stuck out. They are mining ore of 1g/ton.
They are paying 600 x canadian wages.
The costs work out as about $800 per ounce.

Now back to EUA. Russian wages, open pit and we get to $325. If NAP can pay $800 for canadian rates and underground, why are we so expensive?

[cool hand kev] 14/10/2019 08:48

It's pointless ramping up the share price (IMO)unless you want to Pump and Dump
It will get there if the news gets here - still waiting

[pennstreet] 14/10/2019 08:32

Where's Zak when you need him ? (For what it's worth!)

[excellance] 14/10/2019 08:23

...and that is surely where ths opportunity is?

[mostyn] 14/10/2019 08:19

PennStreet,

The rampers are all over PREM. No real rampers here. Everything here takes so long, and it is often so difficult to understand what is going on, that few actually care.

[pennstreet] 14/10/2019 08:14

We need some PREM action here!!Completely baffled at the lack of interest in EUA. ;0(

[pennstreet] 14/10/2019 08:03

Nickel going great guns !

[book5] 14/10/2019 07:58

Our Reserves could grow several times over the life of the mine
The market , pushing up Pd, will facilitate the cash / know-how to solve any pending MT issue

[driver101] 14/10/2019 06:27

book

“Clearl our costs will be considerably lower, and profit per oz higher”

Much lower they also have six hundred employees on Canadian wages.

Even if we was worth only half of North American Palladium it would still give us a share price of 12-13p

[book5] 14/10/2019 05:05

Eku

Thanks for link

We are planning for open pit production, broker said our costs per oz around $325, with negligible capital expenditure apart of the first 176 million


In comparison NAP is mining underground, and therefore:

All in sustaining costs for 2019 are forecasted to average between US$785 to $815 per payable palladium ounce.

And that year capital requirements:

Sustaining capital investment is estimated at C$44M, while project capital is forecasted at C$40M.

Clearl our costs will be considerably lower, and profit per oz higher

[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