Eurasia Mining Share Discussion Threads

[love_a_good_jubbing] 12/9/2021 17:39

Another tick on the BBSB card, filling up again. I don't think any buyer board would justify paying 5-10x for an asset or company, not going to happen. But 2-3x happens plenty of times. The way you dismiss any sale is bizarre. It is without doubt an explanation for everything you seek to deny and besmirch.If you do have a sell position active that is some risk to take at the moment.

[themadstork] 12/9/2021 17:26

Rotixan:

First off, thanks for the civil engagement and actual questions. Makes a pleasant change.

There's 1.8moz pd equiv C1/2 (M/I Jorc equiv) resource at MT.
The other 13moz is Russian P2 resource which is below Jorc Inferred, entirely speculative and worth $0 on market. There is no DFS or any kind of economic assessment, meaning that what little has been proved up may not even be economic to extract.

The fundamental issue is that undeveloped (ie no mine) JORC PGM resources in ground are worth far, far less than gold (which is what Buritica was). 0.35% of spot for M/I in 2017-19 according to Edison, whereas gold was around 5%.



They may have increased since but I cannot find a single transaction or valuation to show this (eg Gen Mining, -which has 4x the resource, a DFS and is in Canada- is almost exactly 0.35%/JORC oz in ground) and obviously it is completely implausible to suggest they have become 50x more valuable. The reason for the lack of demand and transactions is:

a)There are already huge reserves and resources owned by majors (eg SSW has 300moz JORC reserves and 372moz JORC M/I resource)
b)The long term state of the palladium market in particular is highly uncertain given the impending demise of ICEs and CCs and the return of supply disrupted by Covid, as well as new mining capacity.

MT is worth pretty much nothing without a DFS IMO, and only a max of £20-30m with one.

Do a bit of research into other listed PGM plays and how their resources are valued. You'll soon realise the fundamental lunacy of EUA's valuation

[dr darkstar] 12/9/2021 17:15

I would think it's real. If it wasn't, why spend all weekend and weeks before posting in cahoots with his alter ego PATT??

[love_a_good_jubbing] 12/9/2021 17:14

I suspect it is only a demo account. Surely they don't believe the rubbish they spout and lose actual money !

[dr darkstar] 12/9/2021 17:13

No, he's neither imo. But he is 7.5k a point short, down at least £80K so far; and looking for any argument that will dislodge holders so he can reduce his exposure to this loss. Bad news for him he's forgotten that the trend is your friend and that the trend is definitively up. If we hit 65p his loss will rise to something like £300k.If he's trading on margin which is most likely he'll need to meet the margin requirement somewhere north of £250k I would guess. That's an Ouch!

[purchaseatthetop] 12/9/2021 17:11

OK...lets look at what the BoD have done that was in their control.

If there was a genuine sale coming up there would be a silence and diligent work going on behind the scenes to get it done. Price would have been agreed. No need to an histrionics.

What have the BoD actually done:

1) Commission, paid for, and ensured visibility of the ACF report having provided all the data for it.

2) Issued completely unnecessary RNS talking about 5 Year Mining Plan and confusing dates for DFS that emphasises a sale.

Therefore, no sale. Therefore ask yourself...why?

Like the ACF Report this tactic is so transparent that it is treating the PI's as mindless, gullible and greedy fools who can be conned with anything. So that is what the BoD are doing.

[rotixan] 12/9/2021 17:10

TMS, PATT et al - what resources do you think are actually present at MT? We keep hearing 40moz to Russian M&I standards (A/B/C1). Is that nonsense?

If there really are 40moz of platinum equivalent then assuming a platinum price of $1k and an in-the-ground value of 5% of spot (less than, say, CG got for Buritica, although that was obviously further along in terms of development), that could suggest that a value of around £1.5bn might not be unreasonable.

While I can't see some of the £10bn valuations that some people are talking about, your own sub-£100m value seems very low unless you don't think there's any chance of40moz (or anything close to it) genuinely being proven at MT.

Interested in your genuine thoughts - no agenda here.

[themadstork] 12/9/2021 17:10

I don't think for one second that Zak Mir (or anyone with any AIM market experience at all) believes the fundamental EUA story. He knows it's a popular stock though, and he's savvy enough to know that reading the charting entrails in a way to suggest it's going to the moon is what his clueless punter readers want to hear.

[love_a_good_jubbing] 12/9/2021 17:06

You don't need to explain any further. There is only one person who makes Zak off limits for a personal attack.

[love_a_good_jubbing] 12/9/2021 17:04

I'll indulge you for a moment seeing as you missing something again. "Why would it be completely unnecessary to ramp the price if a sale was on the way."Well what if the price of a sale depended on a certain multiple of the share price ?Then it would make a lot of sense...

[themadstork] 12/9/2021 17:03

Zak Mir is not a fool at all. He has made a career out of producing finger-in-the-air charting nonsense that always just so happens to coincide with what PIs want to hear. The fact he is taken at all seriously is a damning indictment of the state of financial education in this country, but that's not really his fault. Fair play to the man.

[love_a_good_jubbing] 12/9/2021 17:00

So Zak isn't deluded fool then like the others for saying 50-60p on the cards. Figures that you wouldn't attack Zak, makes perfect sense that. Thanks for confirming.There's hundreds of pages available but I started with the gentle one for you. Hope your Russian is up to it.

[themadstork] 12/9/2021 17:00

Rotixan:

It's absolutely true that paid-for research notes are the norm on AIM. However, none that I have ever read have contained the kind of obvious outright lies found in the ACF report. Its author knows it is nonsense, as does the EUA board which paid for it. The only reason to put out such brazen garbage is to pump the share price, something that would obviously be completely unnecessary were they actually about to sell for [insert fantasy ramp figure here].

[excellance] 12/9/2021 16:55

1.8m Oz you say?

Are you illiterate?
(That means thick)

[excellance] 12/9/2021 16:53

"hostile jurisdiction"

And your evidence of hostility towards Eurasia mining is....?

Nada, zilch, zero.

[purchaseatthetop] 12/9/2021 16:50

Zak Mir may or may not believe in EUA and he may or may not have been paid to support the share. Enough said.

Research papers of 14 pages. Wow! Bet that covers everything. No need for a DFS then.

[rotixan] 12/9/2021 16:50

TBTT - to be fair, research notes etc are produced for genuine reasons as well as nefarious ones, so I'm not sure you can directly infer "pumping" just for that. Paid-for research is hardly rare on AIM.

There are plenty of more fundamental reasons to be, let's say, "surprised" at the current share price without having to worry about ACF...

[themadstork] 12/9/2021 16:26

So EUA, a tiny, AIM-listed perma-loss-making gravel-washing operation, with a 1.8moz resource pre-DFS hostile-jurisdiction PGM project, to be sold for more than the mcap of Sibayne Stillwater? Seems completely reasonable.

[love_a_good_jubbing] 12/9/2021 16:18

So PATT - avoiding the question here / why won't you comment about Zak Mir? Simple question given you freely attack every other bull

[love_a_good_jubbing] 12/9/2021 16:17

No PATT, are you struggling to understand what I meant by Rosgeo and Tsnigri research papers ?Like the one released earlier this year in Ores and Metals, pages 42-56. Worth a read. Would love to see how you criticise such documents. Queeld - another tick for BBSB, well done!

[juwymojo786] 12/9/2021 16:13

I would be very very happy with 85p plus

[purchaseatthetop] 12/9/2021 16:12

Excellence gone officially mad on the main board:

"I've spent a couple of days reviewing everything, taking in the ACF report, and even zacs charts, and have to conclude that even I have been overly conservative, have been still hanging onto the 45-50p MT only old target SP, but so much has changed so fast, and yes we lack some clarity, but I find myself thinking of the full potential at nearer 165p to 200p in a matter of days.

Who knows, with more clarity I may raise that to 300p!"

[love_a_good_jubbing] 12/9/2021 16:11

But as I believe in this company and the future for it, let us assume I think you are talking a lot of BS about Dmitry selling any of his shares. But another tick for the BBSB so well done.