Eurasia Mining Share Discussion Threads

[tigerbythetail] 14/9/2021 15:38

Beast!
Your spot prices for PGMs are massively, comically wrong - especially for rhodium. Please check your facts before posting.
Though, to be honest, today's spot prices don't really matter for EUA, considering that any meaningful production is several years away (if you're lucky).
Nobody knows what EUA's margins may turn out to be. If you believe the $400/oz EUA gave out in an interview (but crucially not in an RNS), then would you like to buy Buckingham Palace from me? Given that the resource in MT is not compact, not high grade, is located in the far north of Russia, requires difficult processing and refining and so on, I'd guess we're looking at c. $1,000/oz. Given the long term price perspective of palladium (assume back to $500/oz to $600/oz long term price by 2030 as ICE vehicles are phased out), the whole thing is probably flat-out uneconomic to mine.

[thebeastofbodmin] 14/9/2021 15:21

Massive margins at these prices, yet another piteous effort via the BB BS'tter
- Rhodium $15000 oz
- Iridium $5200 oz
- Palladium $1977 oz

[themadstork] 14/9/2021 15:15

I take it you've managed to find an example of a PGM player whose undeveloped project is worth even 5% of EUA's current mcap/oz? Anything at all to suggest that EUA is worth even 1/20th of its current valuation?

No? Ok then.

[love_a_good_jubbing] 14/9/2021 14:50

You've already said the PGM in the ground is worthless, you can't lower it any further !

[davetedjack] 14/9/2021 14:41

The price feels a little held back today. Decent buying (on indicative) maybe poised for a blue move before close.

[tigerbythetail] 14/9/2021 14:25

Palladium and rhodium both hitting capitulation lows now - the automotive chip crisis (and thus reduced consumption of these metals in cats for ICE vehicles) is really pummelling them.
Bit that you'd really know it from the LSE board!

[maytal46] 14/9/2021 13:52

As I read the RNS of 1/9, the mining plan I believe will be completed within 2 weeks, I.e about now - and would hope that this can be shared in some form on an RNS. I think the DFS is a separate thing - and timescales for that to be shared are likely to be longer. Even if nearing completion, it will still need to go to Russia Committee on Mining Resources (or similar title)for approval. Example if this was when WK DFS was completed it took a couple of months to go through approval- do think it will be a rubber stamp exercise, because of our links with Rosgeo- but process is everything in Russia- so not sure that DFS contents can be included in full in any RNS until approved- and also any mining plan details reported in an RNS will need to say subject to approval. In short I still think the outcomes on this will be spectacular, but there will be more waiting I’m afraid- with all the associated “mischief̶1; that goes with that. Maytal46

[greenvulcan] 14/9/2021 13:50

Very Healthy consolidation after such a steady steep riseVery decent buying volume today tooPoised and ready for the next rocket up then As we know if we can crack resistance at 37p then blue skies aheadIMHO it will smash through the 40s into the 50s damn quick on the imminent newsAll my own musings GLA

[dr darkstar] 14/9/2021 12:37

Ex. That was possibly me. I waiting to see if its a pennant or a flag. That said, in either event, a break above 39p should lead to a rise to 64p, in my 64-69p target range.

[halland75] 14/9/2021 12:27

The report is imminent.
That's enough for me.

[sarumike] 14/9/2021 12:08

Report is due to be received within 2 weeks. Doesn't mean it will released in RNS. They may release a summary but if people are expecting RNS they may be disappointed.

[excellance] 14/9/2021 12:03

Did someone say "pennant" the other day?

We do seem to be range bound, 32 to 37 at the moment, ready to break higher (or lower) on news, and it suggest a 20p immediate rise from here.

[stevebrrr] 14/9/2021 11:58

The pennant flag that has recently developed on the chart looks like it is about to hit decision point. Tick Tock. GLA.

[davetedjack] 14/9/2021 11:52

It did say "expected" not "will"

[mo5h] 14/9/2021 11:51

I hope you are right, but I'm just saying the report being completed is not same as the report being published within 2 weeks.They may release the report inline with the shareholders meetings to ensure they can walk the shareholders through it. Eitherway, we are expected a flurry of news so GLA

[dubjon] 14/9/2021 11:34

Yep, going up.
News could arrive at any moment now.

Not a time to be out of, or short EUA, unless you have severely masochistic tendencies!

[cool hand kev] 14/9/2021 11:27

This is looking promising on not many trades perhaps MM’s have got wind of an RNS

[dubjon] 14/9/2021 11:26

The market is a tool for transferring £££ from impatient investors to patient investors.

Only a little more patience required now..

[halland75] 14/9/2021 11:05

Well I'm not so sure about that Mo5h...

Unless the shareholder meeting is this week, then the mining report was said to be due "within two weeks".
Which is this week.

I think it will be produced within an RNS.

[rotixan] 14/9/2021 10:28

Hi fizzmiss - can you let me know what your opinion on EUA is, please? I'm trying to read between the lines but you're being too subtle for me.

[mo5h] 14/9/2021 09:57

Patience. No ones promised any RNS before the shareholder meeting.

[crapcrap] 14/9/2021 09:54

bit of a nervous twitch you have there!

[billionairepaddy] 14/9/2021 09:53

not really shortsighted been here 5 years since 0.5p
give me a 60 or 70 bagger anytime

[billionairepaddy] 14/9/2021 09:53

not really shortsighted been here 5 years since 0.5p
give me a 60 or 70 bagger anytime