Eurasia Mining Share Discussion Threads

[charles clore] 10/6/2019 15:29

ex - maybe it's the same buyer we thought would be buying MT

[book5] 10/6/2019 15:29

Excellent
Drilling at very aggressive speed
Two shifts!!!! on site to analyse samples
We will cover Whole WK this year!!!

[snowman100] 10/6/2019 15:12

Pd $1381.......keep going my babby!

[excellance] 10/6/2019 15:03

i think you'll find that someone will be raising money for WK purchase, but to do that they need higher certainty, and we will get that soon, drilling has already started and is ongoing. Now, how much is WK worth?

i think we'll be well funded for our share of MT going forward

companies need to focus on highest return on capital, and i think MT is a better return than WK, but WK is quicker, so we will get WK up and running, prove a bankable return, leverage it and flog it off...maybe keeping a slice for perpetual royalties but i doubt it...flog our 68% off for maybe £30m and reinvest the cash into MT and new projects going forward.

[book5] 10/6/2019 14:57

Exc
We have gone through same questions on several occasions
And answer them consistently
Thanks

[excellance] 10/6/2019 14:53

we have an approved, licensed and funded C!/C2 reserve and resource, and all parties are now in agreement to begin the mining process. guru is just being a negative nellie as usual.

[book5] 10/6/2019 14:29

Russianguru

I believe:

If you have the cash You can make a hole , even without proven reserves.

Miners don’t proof reserves to A before mining them

So sinosteel has agreed to proceed with current grade of reserves, is this a problem?

As you said this morning authorities don’t bother if they start mining in WK. However Our WK contractor probably m requires proven reserves before committing. Could you ask this question in the next shareholders meeting , please? Why Eua needs to proof reserves to increase production??do we need to increase MT reserve statues (c2 to c1)before we can mine them?

What is wrong with the above?

[russiaguru] 10/6/2019 14:22

Cashback implies we have to pay something upfront.

Lucky for all you guys I am out of eua until next year. With a tough market heading into the autumn eua doesn't represent a good risk reward opportunity.

Today's news only goes to show Mt cannot be mined until further drilling take space and that is after 15 years of waiting. C1 reserves tiny.

[book5] 10/6/2019 14:20

Ex
Effectively CS and rns are saying things are going well at WK. But still Ifs, market needs proof of profits in the bank! So we need to wait
But imho quite bullish, specially: statement that says whole WK reserves to be upgraded potentially before year end

[excellance] 10/6/2019 14:03

not a particularly good interview, nearly fell asleep listening to him, i prefer DS's interviews. I would really like our FO consultant chap to explain the sinosteel contract, CS seems to struggle with that, now using the term "cash back" for the sub contract.

Of course i will be delighted if or when we get the $50m "cashback", that will be a good day!

[charles clore] 10/6/2019 13:52

russiaguru10 Jun '19 - 12:40 - 21857 of 21863
Cool - problem is 100kg of plat is almost artisan mining levels

Russ - that's a lorra dosh for an artisan.

[book5] 10/6/2019 13:38

So no more 742kg as in Broker report
Now it has been corrected, to “If we triple it” = around 167*3=501kg per year (2020?)
But Eua will need to x6 (to around 1000kg year) to mine it all during the mine license life.
We will know next year when we have C2 reserve number
All looking good, now we need to remove the IFs
Patience

[book5] 10/6/2019 13:08

All good
Emotional ride
Directors heavily invested here
Solid Russian asset imho of course

[ekuuleus] 10/6/2019 13:04

slightly disengenious, he said REVENUE of $/£? 2.5M.

not profit.

If revenue is increased, then it's happy days. If not, more dilution.

Looking forward to the AGM.

[excellance] 10/6/2019 12:51

"artisan mining" maybe, but its very early days...

5000oz in year 2018, revenues of £2,500,000

ramping up in 2019

15,000oz hinted at for 2019

by 2020 we should be well on our way to becoming a major PGM producer, with no debt!

i wonder what the price of platinum will be by then?

as for choosing an investment strategy, when would be a good time to buy, now while the share price is ridiculously cheap?

what will the share price be by 2020?

[excellance] 10/6/2019 12:42

today shows us a step forward, no real detail, but i think the next sitting of the russian mining authorities will yield an actual upgrade, and maybe we'll get some numbers to quantify it?

[russiaguru] 10/6/2019 12:40

Cool - problem is 100kg of plat is almost artisan mining levels

[cool hand kev] 10/6/2019 12:34

Tweet

#EUA #RNS #Platinum
𝙒𝙚𝙨𝙩 𝙆𝙮𝙩𝙡0414;𝙢
◽️ West Kytlim is currently the second largest alluvial platinum mine globally, based on 2018 production figures, and is expected to be the world's largest in 2019.


So not much competition out there?

[ekuuleus] 10/6/2019 12:31

if we increase do x this will make a y difference. your not being too picky, its just blowing smke with no contractual obligation.

[excellance] 10/6/2019 12:27

maybe hes hinting that trebling would see us in a net profit position?

[excellance] 10/6/2019 12:26

obviously drilling all those holes will have cost implications and that must come out of revenues, but it wont cost £2.5m will it.

so doubling production will increase revenues significantly too, but trebling would be fantastic.

the drilling kills a lot of birds with one stone. it delineates the mine allowing effective and efficient mine planning, it allows the authorities to upgrade to C1, and the upgrade allows several things, including revaluation for the market or a buyer, leverage for a loan, and generally proves up WK as a genuine valuable asset.

the drilling of this scale will be a one off, tho as the mine expands maybe in future years they'll extend outwards and have several more drilling programs, but that isn't a bad thing.

this is solid positive news!

[dr darkstar] 10/6/2019 12:02

Yes, you are.

[excellance] 10/6/2019 11:48

why does he say "if we manage to TREBLE production we can see that this will make a significant difference to the income of Eurasia"

is the same not true if we only double production?

am i being too picky?

[gregpeck7] 10/6/2019 11:18

Srb serabi looks ready to go again. Crazy low valuation. 20 percent gain Friday. L2 gearing up again and negotiated trade now to buy.. cranking up to 100,000 ounces production 2021, currently 40,000 and circa 20m mkt cap. Golds time is coming again. Beat the herd.