Eurasia Mining Share Discussion Threads

[excellance] 28/10/2019 14:43

edgein,

i'm expecting a shake when the warrants emerge. i'm really torn now between sitting tight as i always intended and top slicing in case of a warrant wobble...so i'm going out to walk the dog and doing nothing!

sticking to the plan is proving to be a real test of fortitude.

8(

[jammydodger1] 28/10/2019 14:43

Rally into close

[edgein] 28/10/2019 14:42

Penn,

Yeah they'll not be too happy, numbers now being talked about are world class.

CC,

Maybe they'll come back, they'll know the assets better than anyone. But gut feeling tells me its more likely to Russians. Plenty of $bns floating around Russian miners.

Regards,
Ed.

[edgein] 28/10/2019 14:40

CC,

Some of us are finding it hard not to buy too! Due to personal circumstances I need to keep some free cash for the SOLO open offer.

Regards,
Ed.

[charles clore] 28/10/2019 14:40

Ed - I agree with that. Maybe Anglo will be one of the bidders.

[edgein] 28/10/2019 14:38

Penn,

I'm surprised they haven't tried to shake more out given the volumes this last three days. They can do their worst, as Alexi just said this is the beginning. I've no stops set. They can have mine when the M&A happens.

Regards,
Ed.

[charles clore] 28/10/2019 14:38

Some must be finding it very hard not to sell. But are they actually switched on to the reality of this? I doubt it. If I hadn't spent the last few years studying the company I might have thought the same. But this is truly developing into a monster.

[pennstreet] 28/10/2019 14:37

I bet Anglo are kicking themselves for selling out so cheaply to us ;0)

[edgein] 28/10/2019 14:36

CC,

Hard to say, once one of them bites the others will too imo. MT is already heavily drilled for those first two mill oz. I reckon the reason we're being marketed at the min is due to it being ready for sale. Maybe interest from the south africans set the ball rolling. We see who else gets pulled out from the shadows. I bet some of those other large companies won't want to miss assets right under their nose given the scale of the numbers now being talked about. 2m oz is already significant let alone 15m oz or 40m oz now being talked about. Its now getting insane numbers. Some of that will be from the Anglo data from years ago.

Regards,
Ed.

[pennstreet] 28/10/2019 14:34

Don't you just love how mms suck you in !

[charles clore] 28/10/2019 14:30

Andrew Scott just now

#EUA Looking like I'll have opportunity to sit down with the team tomorrow from
@eurasiamining for a chat on recent big developments ... plenty for us to talk through !

The share that just keeps giving...

[bobby1904] 28/10/2019 14:29

Spot on mate!!

[pennstreet] 28/10/2019 14:27

Yes of course, CS too. His perseverance on this has paid dividends

[charles clore] 28/10/2019 14:24

Ed - so do you think the majors will hold back until the picture is clearer before making their move, or will they want to strike quickly and get their hands on the asset and start production as soon as possible?

[excellance] 28/10/2019 14:24

...and CS?

[pennstreet] 28/10/2019 14:23

AC and DS are no fools!! They're going to maximize returns for us all ;0)

[edgein] 28/10/2019 14:20

UPthepool,

You'll get the specific numbers on the EUA website. But unusually MT is 2:1 Pd vs Pt. Its the other way around in those South African mines. So we're highly reliant on the booming Pd price.

Regards,
Ed.

[bean02] 28/10/2019 14:18

Go Alexei. Straight to the point.

[edgein] 28/10/2019 14:17

Bobby,

He's saying at $1000/Oz $240m NPV, at $1700/Oz that $700 goes straight to the bottom line (mining costs will remain fairly static. I guess that's how they're coming closer to $700m valuation. $700/Oz increase adds about $1bn (some of that is Ni, Cu, Au etc its not all Pd). So its mega numbers no matter how you look at it. Good news is its $1800/Oz and likely $2000 by Christmas or early next year imo. Physical Pd shortage isn't going away any time soon.

Regards,
Ed.

[upthepool] 28/10/2019 14:16

Thanks Ed, was just wondering what % is palladium, platinum, gold etc. as that affects things

[excellance] 28/10/2019 14:14

the staff and management options make perfect sense now. keep the share price as low as possible, give everyone options for all the hard work and poor pay for years and years, then bang! unleash the true potential!

[tidy 2] 28/10/2019 14:14

VOX: Alexei, could you please introduce yourself?AC: Currently, I am a strategic advisor to the board of Eurasia and my main experience is coming from Goldman Sachs and Morgan Stanley, where I have been involved in a number of M&A deals selling Russian mining companies to investors from all over the world.VOX: Why have you chosen CITIC and VTB to work with Eurasia?AC: CITIC and VTB Capital are the largest investment banks in China and Russia, respectively, and they have the biggest investor reach, not only in China and Russia, but also in the rest of the world, when it comes to marketing Russian mining companies.VOX: Who are Eurasia's contacts with CITIC and VTB?AC: In CITIC, we are sponsored on the very top level by the Chairman of CITIC Merchant, the investment and merchant banking arm of CITIC, as well as by his advisor, who used to be the CEO of Gazprombank, Asia Pacific. In VTB, we are supported by the top people as well, whom we worked on multiple transactions previously. Both banks are the best you can possibly get to market and sell Russian mining companies.VOX: I know you cannot mention the names, but are you in talks with just one or several strategic investors now?AC: It has been always my habit to talk to multiple strategic investors to make sure a good deal can be negotiated. This is one of the key lessons I learnt very well working for bulge bracket investment banks selling Russian companies.VOX: At MT/Kola project you have upgraded your potential resources from 2moz to 15moz of palladium including the flanks. What does it mean for Eurasia?AC: It means that our value potential has been upgraded to a completely different league of major palladium companies. And we believe that 15 million ounces of palladium is just the beginning. We are looking at several other licenses at Kola with over 40 million ounces of palladium in total. Having said that, already with up to 15 million ounces of palladium we are an extremely attractive to large strategic investors.VOX: Yes. We have seen recent palladium acquisitions namely Stillwater for almost US$2 bn by Sibanye in 2017 and North American Palladium for approximately CAD$1 bn by Impala Platinum earlier this month. Are you benchmarking your valuation against these deals?AC: Yes. And also you should not forget Kevitsa project sold for over 700 million US dollars in cash and Sukhanko project sold for a significant cash consideration and an additional 2% net smelter royalty over the life of a the entire project. And mind you, Sukhanko is far behind our MT/Kola in their development schedule. You can find more details on these projects in the Optiva's research on Eurasia of last year. These two projects are just several hours drive from our MT/Kola mines.VOX: Right. And how do you value your projects taking into account all these deals happening in the PGM space?AC: We are benchmarking ourselves against these deals in the first instance. You can also refer to the same Optiva's research on Eurasia, where on the basis of our feasibility study, the NPV was stated at over 240 million US dollars. And mind you, this research was done at the palladium price around 1,000 US dollars per ounce. Now the palladium price is over 1,700 US dollars per ounce. That's big change for us because the whole price increase of 700 US dollars per ounce goes straight to our profits. Thus, the NPV goes up not by 70%, but much higher.VOX: What would you say about the share price more than doubling yesterday from 0.48p to over 1p?AC: This is just the beginning. Smart investors can benchmark our NPV and the recent deals in the PGM space to our enlarged resources of up to 15 million ounces of palladium.

[upthepool] 28/10/2019 14:13

Oh goodie - I like Turkish delight

[edgein] 28/10/2019 14:13

upthepool,

The guy said 15m oz is just the start, they're looking at other licences for over 40m Oz.

Regards,
Ed.

[bobby1904] 28/10/2019 14:12

Just listened to Vox Podcast with Alexei Churakov who's basically brought the 2 banks in to sell the co. He's now saying they looking at licences where the 15m Oz could go to 40m Oz!! He also directly answered question on value of MT that previous NPV by Optiva at $240m was when Palladium price was c£1k per oz. today it's £1.8k!! And he said increase is not proportional so he's effectively saying say $500m!! This is going off Richter scale!!