Eurasia Mining Share Discussion Threads

[1liam] 15/9/2021 08:51

Great opportunity to top up at this price

[lurker5] 15/9/2021 08:51

Mr Jubs. ACF's lo and WN estimates contribute about 5% of its c100p total valuation. It is its flanks forecasts which make up 95%. There is no sign of the flanks in the mining plan - which is obiously all its labour and equipment can cope with. Yet the 'value' assumes 10 times as much production from 2023 (without any drilling or resource calculation to base it on!! Use whatever brain you've got - please

[thedarkhalf] 15/9/2021 08:50

Read my replies again. I have explained your flawed arithmetic in detail. You CANNOT increase by less than 1 when multiplying!!! 1 x 0.7 = 0.7. As I said, this is math at the level of a six year old. Stop embarrassing yourself man.

[steelstones] 15/9/2021 08:50

It would not say increase by 0.7 TIMES. It would say increase by 0.7 million tonnes. They would use addition, not multiplication

[excellance] 15/9/2021 08:46

£250m revenue pa from just two open pits at MT.

There is some meat on the bone for investors and partners to evaluate

[uknighted] 15/9/2021 08:45

The dark half answer my question to JohnCasey if the RNS had read that it had increased 1mtpa by 0.7 times what would the resulting mtpa be?

[trickydickytwo] 15/9/2021 08:43

So far it doesn’t look like the punters are falling for it this time.

TDT

[themadstork] 15/9/2021 08:42

"The only question is, will the limited of mind who've invested their savings in this absurd bubble stock actually "get it" or not. I'm not so sure we've reached that point yet."

I mean, we obviously haven't, and won't for some time. In the absence of either

1)EUA fessing up about no sale, which they have no incentive to do,

2)Nomad/regulatory intervention forcing them to fess up, which, well, "lol",

3)Insiders dumping and actually reporting the sale, which seems unlikely, or

4)A heavily discounted placing, which they can avoid via the forward selling trick used before

There isn't going to be a collective 'lightbulb moment'. It will be a question of enough time passing that the ramps no longer work and a critical mass of punters gives up on the 'sale'. As to how long that will be? Who knows.

I do think we've probably hit the high water mark of this particular megaramp though.

[thedarkhalf] 15/9/2021 08:37

You can't increase by less than a whole number when multiplying! You do realise that a half x a half = a quarter don't you? Or does that go over your head too?

[tigerbythetail] 15/9/2021 08:35

Those cost figures were quoted once in an interview by DS, I believe. BUT NEVER IN AN RNS or any official communication.
The figures are complete nonsense in themselves. We're talking about a lowish grade deposit with a high strip ratio in the Far North of Russia (which is costly to operate in), followed by difficult processing, refining, and purification. As a starter point, think $1,000/oz (which of course in the medium/long run won't be viable).
These are also only operating costs, and don't take account of initial capex, G & A, and everything else.
It's pretty obvious to me that this whole thing isn't commercially viable, especially given that you'd need to set the discount rate for Russia at 25% to account for all the "extra" risks of operating there.
The only question is, will the limited of mind who've invested their savings in this absurd bubble stock actually "get it" or not. I'm not so sure we've reached that point yet.

[1liam] 15/9/2021 08:33

Great opportunity to top up at this price

[love_a_good_jubbing] 15/9/2021 08:32

I said days ago I wasn't that bothered about this mining plan. Posting history is clear on that. Just laughing at the bears trying their best again. When your best isn't good enough though it is pitiful to see you all out in unison.

[dubjon] 15/9/2021 08:30

Here comes the rebound.
Buckle up!

[easwarareddy] 15/9/2021 08:30

Going up now

[easwarareddy] 15/9/2021 08:30

Rising nicely now...

[love_a_good_jubbing] 15/9/2021 08:29

You've got the highlights of the mining plan. A mining plan for the first two smallest areas at that. Doesn't say it is the full plan!Look at ACF report page 7 lower table. This matches pretty well, in fact ACF have lower figures in the opening year. I only mention ACF to cause grinding of teeth of course but you'd expect that of me.

[uknighted] 15/9/2021 08:27

JohnCasey15 Sep '21 - 07:36 - 7385 of 7392
0 2 0
idiot!

uknighted15 Sep '21 - 07:31 - 67210 of 67210
0 0 0
Great RNS but production has only increased by 0.7 times not 1.7 times !




Ok JohnCasey answer me this, if the RNS had read that it had increased 1mtpa by 0.7 times what would the resulting mtpa be?

[spikeyj] 15/9/2021 08:26

i see a couple of posters on lse are quoting $400/oz & $450/oz costs.

i wonder where they get those figures from? - this RNS says nothing on
costs, financing, dates (such things usually matter for mining projects).

[1liam] 15/9/2021 08:22

It will start moving up once the weak holders have taken a little profit. If they had any sense they would hold out for the bigger prize.

[vimster] 15/9/2021 08:22

Great RNS!! Phase One annual metal production has now been calculated to be equal to 128 Koz of palladium equivalent, over 70% higher than the volume projected in the FS. This production volume does not include Monchetundra Flanks and Rosgeo JV projects which will be separately announcedSome folks need to read that last sentence!

[the modeller] 15/9/2021 08:22

Lovely Jubbly, you really do load the bullets for the bear case posters. I m sure you ll be invited to their Christmas party.

[trickydickytwo] 15/9/2021 08:20

“Smells of despair in here.”

Some people just don’t get irony but that comment is drowning in it.

TDT

[love_a_good_jubbing] 15/9/2021 08:18

What are you on about ?? Page 7 of ACF report - lower table. This is exactly in line for that when you check the numbers. In fact ACF have it lower in opening years. Absolute clown school comment

[snoopy12] 15/9/2021 08:18

The problem is you have a lot of short term traders who are just cashing the few pennies .