Eurasia Mining Share Discussion Threads

[cool hand kev] 20/11/2019 14:27

MM'S can only absorb the amount of buys for a limited time IMO

[edgein] 20/11/2019 14:07

CC,

Yes market starting to realise the potential of MT and its flanks. The MT reserves and the upside from the surrounding area and potential continuation of the strike between pits is outstanding for a company that isn't even mid cap yet. Its no wonder that after several years of due diligence that Sinosteel finally signed an EPC with EUA. Finally after all that time the market is starting to re-rate EUA towards a sensible level, hopefully one of those large Russian miners will finish the re-rate! :)

Regards,
Ed.

[charles clore] 20/11/2019 13:48

Buys outnumbering sells now after a morning of the opposite. That's according to advfn reporting which cannot always be relied upon. But you get my drift. Imho the price will keep rising right up until the big RNS gives the final figure. The reason being that everyone likes free money and right now this has barely started the upward journey..

[cool hand kev] 20/11/2019 13:46

telbap:

Y What's happening on the 28th?

[bayliea] 20/11/2019 13:41

Lots of buying today and no movement

[buffskins] 20/11/2019 13:38

looking interesting here - I'm in for another £10K worth

[jammydodger1] 20/11/2019 13:36

Some strange action today

[charles clore] 20/11/2019 13:31

hi book it's good to see you again. Are you coming back in?

[bayliea] 20/11/2019 13:28

They aren't letting these go cheap either 3.54 for just under 1m shares

[cool hand kev] 20/11/2019 13:18

7rademark : thanks I thought not

[pennstreet] 20/11/2019 13:18

Ex - I don't mind whichever they do it, as long as I get a good price for my stash !

[wandgrabitt1] 20/11/2019 13:02

I believe this is what he meant by a COMPANY MAKER!

[7rademark] 20/11/2019 13:00

By hold I mean accumulate.

[7rademark] 20/11/2019 12:59

Mms don't hold stock, they only know 4 things, the bid the offer their % take and what time the wine bar opens.

[cool hand kev] 20/11/2019 12:46

Lots of buys have just gone thro' are we due a tick up?
If MM get wind of something are they likely to accumulate stock for their own
benefit or do they not hold stock?

[7rademark] 20/11/2019 12:45

45 minutes of solid buying there, and not a move, can't last.

[edgein] 20/11/2019 12:35

Just a reminder of what the Russian authorities believe is on part of the flanks licence:

"Graphic showing the flanks application area submitted for approval on 23rd September 2019. State archive information including resource calculations for other occurrences in the area is also shown, however there is no guarantee that all the resources outlined in these occurrences will result in mineable reserves. The inferred resource calculations in the areas are largely based on state funded early drilling campaigns with resources later calculated and approved for submission to the state archive by Russian subsoil licensing agencies.

Notable occurrences are at NKT where a Russian category P resource (similar to an Inferred Resource under the JORC classification) was provided to the Company by the Apatity branch of the Territorial fund of geological information. The resource was calculated by the state funded research group Rosgeologia in 2017 and comprises Ni - 298,000 t; Cu - 229,000 t; Co- 11,300 t; Pt - 18.5 tonnes/594,000 oz; Pd - 55 tonnes/1.7moz; Au - 7.6 tonnes/0.24moz; Ag - 185 tonnes/6moz. Eurasia has not verified this resource, and therefore it cannot be relied upon, but it is provided an indicative of potential in the area."

I make that to be circa 2.2m Oz Pd eqv (not counting the Ni, Cu, Co, Ag).

"The applied for area comprises a significant portion of a zone to the north and west of the West Nittis deposit known as the Nittis Kamuzhaya Travanya (NKT) Massif, an area previously mined for high grade nickel and copper mineralisation and with significant resources in PGM. Further potential resources exist in the on strike continuation of the mineralisation at Loipishnune as it extends into the area between Loipishnune and West Nittis, beyond the current mining license, in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006)."

What a fully funded exploration programme could do to these flanks eh fellas? These historic results that has led to the inferred above makes just part of this MT flanks area quite appealing. A tight grid of holes could work wonders there. I guess its this and the rest of the area that leads to the current 15m Oz resource potential.

Regards,
Ed.

[lew stules] 20/11/2019 12:14

CS I believe alluded to the fact that he could see EUA being a billion £ company one day.

[charles clore] 20/11/2019 11:58

ex - that is exactly how I see this panning out.

[excellance] 20/11/2019 11:50

I think the market knows what news is about to break, and have us parked at 3.5p awaiting confirmation.

I think institutions will be investing into MT directly and Eurasia will end up with shares in that new entity and a cash lump sum.

Imagine MT fully funded with major to run it, and we get shares in that billion dollar entity and a cash windfall too...as special dividend probably.

[ekuuleus] 20/11/2019 11:41

Agree wand we've had a few n/l patterns but today's chart is looking N.

[sapper2476] 20/11/2019 11:33

Happy take a million from me at 3.45

[bobby1904] 20/11/2019 11:29

Feels like quiet before next storm. I think a bit of a pause is no bad thing. Consolidation around these levels before the next news & leg up...