Eurasia Mining Share Discussion Threads

[wandgrabitt1] 19/11/2019 11:08

Looks like she's gonna blow!

[thebeastofbodmin] 19/11/2019 11:03

Ex you may well be correct in regards to a JV, I am all estimated out on this it's rather like pinning a tail on a donkey?
WK is indeed being largely ignored on the threads but WK could prove to be a mega asset in itself, remember 'Kluchiki open pit point to bonanza grade ore pockets' and I await the revised evaluation of the resource with considerable excitment.

[edgein] 19/11/2019 10:55

Beast,

About 2.32m Oz of reserves at NAP vs EUA's 1.9m Oz of Pd eqv. Also MT is comparable to Kevitsa only higher grades on the pgms. What those others lack though is significant historic drilling into surrounding licences giving resource upside of 15m Oz. For a long time here we thought severalfold, perhaps MT would end up being 4-5m Oz. But clearly that was an underestimate of the surrounding areas that Anglo drilled way back in the jv days.

Regards,
Ed.

[mostyn] 19/11/2019 10:53

It seems most attention is being paid to what Eurasia might be worth with 2M ozs, or with 15M ozs, but it's worth asking how much Eurasia might be worth if they go the production route. Optiva calculated EBITDA of $75M from 2023 with the Palladium price at £1000 per oz, and it's now over $1700 per oz and forecast to remain strong. How much would that be worth. No need to sell this on the cheap as they have options, and moreover it is fully financed if they go that route. If you add in WK at say 15,000 very low cost, high margin, ozs what is the company worth then.

[excellance] 19/11/2019 10:52

CC
They have access to historical drilling results, from previous drilling by others and our own drilling from 15 years ago.

[excellance] 19/11/2019 10:49

It is obvious to me now that MT will be rolled out into a separate listing with separate finance and a jv with major partners, and Eurasia will sell a majority interest for a lump sum and free carry, and maintain maybe 15% to milk for perpetual dividends and exposure to MT expansion over decades.

MT alone will have a mkt cap of billions, and Eurasia will live on with new projects and a strong financial position.

[charles clore] 19/11/2019 10:43

russ - there are stiff penalties for misleading shareholders. Not only for the company but also for the NomAd. I think the company has in its possession drilling data from another partner. I think it is probably indicative of a further 13m oz but needs firming up. As for the 40m oz I have no idea where this figure comes from. It could be an extrapolation. As long as there is a rational case for the additional mineralisation I think that a figure could be bid for it. Not as much as the proven 2m oz but a notional percentage applied to the remainder.

[thebeastofbodmin] 19/11/2019 10:41

We know Impala Platinum purchased North American Palladium for $758-million.
What was the size of the asset (total PLD oz) and the price of PLD ($ oz) at the time of this purcahse?
Then take into consideration as to how far the mining op was under NAP and also the cost of extraction (ie bed rock or alluvial)?
It has to be said AIM is more miss than hit and the hits very very rarely reach the heights, but of all the shares I have seen this has as good a chance as any and I am sure it's worth more than 3.7p even if it's 5p I am not gonna moan, great risk/reward opportunity here and put simply, you gotta be in it to win it!

[excellance] 19/11/2019 10:36

CS has always been cautious regarding statements, but now there is a stampede to buy Eurasia he has to sell.thr narrative to market to protect us from being taken over on the cheap. The MT "continuation" card is part of that. Continuation proves our two small MT deposits are continues both in-between hence 15m and beyond hence 40m.

[russiaguru] 19/11/2019 10:30

utp - true, its just being on AIM, its best to always consider the risk, ECO is a good example of that.

[upthepool] 19/11/2019 10:17

Russ

The 15 & 40 numbers are not proven (especially the 40, I think there is more confidence in the 15 number though).

But, I just don't believe that these numbers have been "plucked out of the air" by EUA, the people that they have on board negotiating a deal don't strike me as stupid - and doing that would indeed be stupid.

We all know that you have to jump through hoops to prove resources, but long before that official sign off happens everyone involved has a good idea of what the resources are, and how easy (or hard) they are to get out of the ground.

That's where I think we are with all this, so it is up to the negotiators to get their point across.

I think you are underestimating when you say that the flanks will be sold for pennies - but my glass is half full 😁

[ekuuleus] 19/11/2019 10:13

Little pup filtered. Once I'll put with. Many times on many threads except altn thread ...

Russguru i cant trade the waves the volume inwablnt gets an price outside the spread.

Ex agree placing are manipulated but not by mm. Brokers and other market participants very corrupt.

Take eco. High sulphur would mean the sample stank. Released news large oilnfind but 6 weeks later high sulphur check out their chart.

And metro. News floating on bb about Lloyd's takeover then a week later various news papers report Lloyd's takeover from a man in a bar. Hahaha hilarious but it did spike the share 40% in a week up then down. Lloyds wouldn't touch metro with a barge poll.

[littlepuppi7] 19/11/2019 10:04

ALTN looks like its going to shoot up again , strong buys coming in again now... Can move very quickly. Mkt cap there is crazy low considering all of the facts around the share... A multibagger in waiting for sure.

ALTN - the most undervalued Gold Play on LSE.

10m mkt cap. Will be a multibagger

Just RNS'd another almost 1 million ounce gold discovery (area 2 CPR) that is one of fifteen areas adjacent to their production they are exploring. Easy to exploit

Secured 17m loan @6% interest to ramp prodiction from 5 - 10,000 ounces to 100,000 ounces of gold

CPR's highly commercial based on 1250 gold price - way below prevailing layer.

CPR for primary resource released 10 days ago and doubled resources in place.

Buying interest significantly increased, small overhang which once cleared will see this fly.

Move profits in now before the move really starts...

[russiaguru] 19/11/2019 10:03

I am not shorting, actually holding some (for a change), although traded the waves.

I still do not understand the 15, 40moz statements here.

MT is worth close to £100m in its current form so hence the decent rise and steady price, but anything higher is difficult to fathom, at least for me. (red-tinted glasses)

The flanks are worth something, yes, but require a huge amount of work to convert to C2 so a buyer is likely to pay pennies for it.

[driver101] 19/11/2019 09:59

Russ
Why are you shorting a share, you have just put a 3.7 price tag on.

[pennstreet] 19/11/2019 09:56

Welcome back Russ - on form I see , lol

[russiaguru] 19/11/2019 09:48

If they are stating 15moz, where is it.

Regarding the flanks.

'Eurasia has not verified this resource, and therefore it cannot be relied upon, but it is provided an indicative of potential in the area.'

So its not there, apparently, so where are they getting the additional 13moz from?

This could be taken out for £100m

[fillupmaz] 19/11/2019 09:44

What we need in news that the MT flanks have been approved and can be added to official resources and increase it 'several fold'. Then the price will jump!


Then there's Tipil of course, another flanks area we are waiting on.


Approval could come at anytime I guess. Those should help with negotiations too.

[dafrog] 19/11/2019 09:39

They waited for me to buy more before dropping.

[wandgrabitt1] 19/11/2019 09:21

They wanted all 2million of mine at 3.36.. Nah! Try 25p to tempt me.

[the patient investor] 19/11/2019 08:45

Lol the MMs surrendered already
Blue soon