Eurasia Mining Share Discussion Threads

[ekuuleus] 12/6/2019 01:32

I thought that WK was mostly platinum last year. The changes to the wash circuit was to try and recover more palladium. Whilst that is an excellent move, bare in mind that platinum hasn't seen the price rise that palladium has seen.

Whilst I hope the changes to the circuit will recover more palladium, the amount or percent is yet to be established.

In addition, the changes to the circuit may recover more palladium this season, it's only economical when recovering the platinum. The information provided does not indicate reprocessing last year's tailings would be economical as there would be much less platinum to cover cost.

[excellance] 11/6/2019 22:50

The early start, stripping and stock piling, allows both efficient constant rate thru the plant but also allows for a second plant later.

Start up production in any industry is constantly improved year on year, and big improvement will be seen.

Add to that the increased capacity and improved yields then we are looking good...

Pd now 1400

This should just get better and better week on week.

[book5] 11/6/2019 21:25

DS Reasons to invest in eua

Open pit-Low cost , predominantly Pd miner , without debt

Pd market is in deficit? What other metal is in deficit?

We are independent and We could get bought any day

Eua showing confidence drilling the whole WK this year, this is an aggressive move that was not expected. Do they want share price above 0.6p to force warrant conversion?? I think so.

All in all it is safe bet

Once PIs stop selling shares to finance their holidays it will go up

Dyor

[book5] 11/6/2019 21:22

This is why pt is and will be at a large discount to Pd

Platinum cannot substitute directly in the same quantities of Pd. You would need significantly more Pt

Above from

[red rook] 11/6/2019 21:13

The total amount of PGMs produced in a season is not just a function of the grade BUT also the efficiency of the circuit setup used to deliver and process the ore.

Last season they did not stockpile ore and did not have a setup to ensure a constant poduction feed into the washer. Also added is the concentration table adjacent to the wash-plant.

As CS states in a recent RNS ... ''These are designed to increase recoveries of precious metal beyond what was achievable in 2018.''

[book5] 11/6/2019 19:57

Russianguru
They knew we’re going to be higher, from memory final produced average (1gr/cubic m) was less than double than initial reported grade of reserves (0.546gr/cubic m??)

Now, what is the % of additional small fines to be captured this season? Hopefully another 0.1gr/c.m. We will know in few weeks

[russiaguru] 11/6/2019 18:20

and the grades are consistently higher .. like 3x to 4x higher than our initial very conservative estimate ..

Interesting statement so how come they only got 165kg last year and not 2-300kgs. Consistently higher, probably not

[snowman100] 11/6/2019 18:15

That was a brilliant vox podcast by DS earlier today.

EU in the top 5 vox followers likes today.

[driver101] 11/6/2019 17:43

Mining Maven

[ekuuleus] 11/6/2019 16:40

Dmitry's pod cast is really bullish, especially the 3 points he made at the end

[book5] 11/6/2019 16:20

Pt price
Hope it recovers

[charles clore] 11/6/2019 15:14

Dmitry tends to give more little details in his podcasts. Quite an encouraging interview imho.

[aidenabettin] 11/6/2019 15:13

And the board?

[excellance] 11/6/2019 15:07

i don't think its more bullish, just more bold, more detailed, less cautious.

i think CS by nature is cautious and conservative, and that approach has served us and him well during the lean years, but i think those lean years are coming to an end, and so DS puts himself forward as a public spokesman only a day after CS delivered a fairly dull interview.

oh the times they are a changing

[the deacon] 11/6/2019 14:07

Excellent podcast. I do like Dimitry's more bullish tone :)

[aidenabettin] 11/6/2019 14:06

What exactly is it that EUA bring to the table and why are they even required?.Is it simply for money laundering purposes and being able to operate on an unregulated exchange?.Why do China and Russia need EUA?

[red rook] 11/6/2019 14:04

Dmitry Suschov, Director of Eurasia Mining (EUA), provides an update on their West Kytlim which is the second largest alluvial platinum mine globally. Also a short mention on MT @ 14:50 min: and at 22:00min.

Regarding WK operation @ 9min: '...Eurasia was the world's second largest last year and to become the largest THIS year alluvial PGM producer..'
'... we have the lowest production cost in the world.... at the very bottom of the cost curve...

@ 17:00min: ' DFS not just prepared but approved by the authorities, and it allows us to re-calculate our resources to the upside ... first on the basis of the DFS prepared and also becuase we have several years of production behind us ... and the grades are consistently higher .. like 3x to 4x higher than our initial very conservative estimate ....'

@19:22 min : ' .. like to add to our previous RNS is that we are not just seeking ahead in terms of production by converting C2 into C1, but we also started mining in advance. So this season we started well before the season for washing and have created a buffer of mined ore ... and this buffer we help us going forward ..to ensure a continuous production..'

[driver101] 11/6/2019 14:04

Yes another good interview, like the fact there is a big stock pile of ore waiting to be washed this year because it was piled before the season stared. Also mentioned the upside as we are only at £12m M/Cap.

Not long to wait now IMO we cannot stay under the radar for ever.

[excellance] 11/6/2019 13:29

Very good vox interview with DS today, excellent detailed info there.

[aidenabettin] 11/6/2019 12:21

Paint and drying comes to mind