Eurasia Mining Share Discussion Threads

[russiaguru] 16/7/2019 17:32

If the resource was that good why not just build a smelter as part of the mine for pd and pt and send the rest for processing, surprised this isn't in the 170m plan.

[excellance] 16/7/2019 17:18

I'd agree with that, but I'd go for 28 months

[snowman100] 16/7/2019 17:13

Some juicy snippets
WK
RNS 26 March 2019 : With the new areas, WK will be 4.5 times larger than current size.
‘As a standalone unit the mine at West Kytlim demonstrated excellent profit margins during 2018 and contributed to the gross profit at group level. The economics of this style of operation - with limited overheads and capital expenditure are assured, however expanding the mine at West Kytlim to multiple operating sites is now a key objective for the Company’
‘A further contract was also agreed at the Refinery, with a substantially improved sales margin (refining cost) for platinum which was reduced from 3% of LME to 1.5%.’

MT

RNS Number 15 May 2019: ‘The Company continues to keep all options for this major project's development on the table and are further encouraged by the potential to add further to the reserve and resource base directly adjacent the project.’

RNS 26 March 2019 ‘A number of deposits are known adjacent the Monchetundra deposits, some of which may contribute directly to the long-term development of a PGM-base metal operation with toll treatment over distances of 2 to 8km.’
‘……;(EUA) can apply uncontested for areas on the 'flanks' of the existing license which do not contain an approved reserve and are within 5km of the current mining license.
With possible new areas at Monchetundra how much larger than current size will that be?
At todays prices MT worth about US$ 3 Billion so with any extra areas (lets assume similar to WK) could be 4.5 x that ? That would be US$ 13.5 Billion

And as Mostyn pointed out ………;’in 12-18 months time Eurasia could have monthly revenues in excess of $17M, assuming we get to full production and the Platinum and Palladium prices stay approximately the same. The market cap will not be under £12M then.’

So at the moment mine life at current reserves level (1.9 Million ounces) at 130,000 ounces per year is about 15 years at current prices is approx. 17 Million US dollars per MONTH. Plus considerable base metals?
So just say mine areas are increased 4.5x (as it has been at WK) would that mean 15 years at 76.5 Million US dollars per MONTH or 17 Million US dollars per MONTH for 67.5 years…..or would it mean somewhere in the middle of that?
Any way you look at it, the figures are mind blowing !!!!!!

[book5] 16/7/2019 16:56

Exc
As you said value of our Ni reserves are going up nicely, well above price assumed in valuation

[excellance] 16/7/2019 16:26

Brexit dividend book...so long as your cash isn't in GBP and investments are outside the eurozone sphere.

This is another reason why Eurasia Mining is a superb investment vehicle to avoid the UK EU brexit crash.

[book5] 16/7/2019 16:16

£ going down

[book5] 16/7/2019 16:14

How many daring traders would have shorted this?
They will regret it

[excellance] 16/7/2019 16:13

Hard commodities are flying, producers of hard commodities will also fly.

Why?

Because fiat currency is losing its value as central banks can't raise interest rates to protect it, because growth would be crushed. The debt monster is now out of control and needs feeding, so money has to be pumped into the economy.

Precious metals and industrial metals will do extremely well in this environment.

It's so exciting!

[snowman100] 16/7/2019 16:13

Platinum over US$850 ......roll on 900 ........hopefully above 900 (or even 1000) by the time WK results come out !

[snowman100] 16/7/2019 16:10

"The report is a statutory requirement and is on track to be completed and approved.”
Looks like it is still to be completed (3.5 months later). Hopefully approval is much quicker than the wait we have had for the reserves approval at WK.

Approval can't be before Sept 1st.....Russian Authorities are not sitting until then.

Shouldn't be long after that though !

[cool hand kev] 16/7/2019 16:08

Blimey all the chat has lifted the share price because there certainly isn't any BUYS

[excellance] 16/7/2019 16:04

Guru and TDT loading up, then they'll turn ultra positive...

[pennstreet] 16/7/2019 15:51

It's gone blue?

[excellance] 16/7/2019 15:43

Pt and gold too

And copper and zinc.

Pd down

[excellance] 16/7/2019 15:42

Wow look at nickel and silver go...

[mostyn] 16/7/2019 15:27

If it had commenced, I would have thought that they would have said so.

[cool hand kev] 16/7/2019 15:22

"Pre-stripping" starting in Q2 2019.
So has anyone asked the company if this has commenced?

[excellance] 16/7/2019 15:19

Pt will be higher by then.

[mostyn] 16/7/2019 15:08

None of my short term gripes should detract from the fact that in 12-18 months time Eurasia could have monthly revenues in excess of $17M, assuming we get to full production and the Platinum and Palladium prices stay approximately the same. The market cap will not be under £12M then.

[mostyn] 16/7/2019 14:56

stuart143,

This is still relevant. The quotes are from the March 26th RNS.

"The report is a statutory requirement and is on track to be completed and approved.”
Looks like it is still to be completed (3.5 months later). Hopefully approval is much quicker than the wait we have had for the reserves approval at WK.

[mostyn] 16/7/2019 14:48

stuart143,

Good find. From the im-mining.com article:

CKE, Eurasia’s long standing working partner at Monchetundra, were recently awarded and have now commenced work on a detailed project report, required to be submitted and approved within one year of the issue of the mining permit. This contract was awarded to CKE by Eurasia’s subsidiary TGK.

Eurasia said: “The report will include an outline of the further geotechnical, hydrogeological, metallurgical and resource and reserve base work required as part of the broader mine development plan. The report is a statutory requirement and is on track to be completed and approved.”

Mining permit was approved on November 20th 2018 so all this needs to be completed and approved by November 20th 2019. This actually ties in with Eurasia's chart item "Final Project Design", but the chart also shows "EPC contract commences" and "Pre-stripping" starting in Q2 2019. Presumably Pre-stripping can't start until we have the $50 million and we can't have the $50 million until the EPC contract commences. Has the EPC contract commenced? Looks like Pre-stripping will start late. The question here is whether their current chart is still seen to be up to date.

It often happens that Eurasia's communications and interviews raise as many questions as they answer.

[stuart143] 16/7/2019 14:29

Apologies I see this report formed part of an rns in March I've missed a lot as been in and out of hospital this year.

[stuart143] 16/7/2019 14:22

Anybody else see this

hxxps://im-mining.com/tag/central-kola-expedition/

Was out in March but Sinosteel quote there so that must be real and other snippets .

as for everything else going on well waiting game

[abrahe00] 16/7/2019 14:14

There is a reference on p29 in the Optiva report that says...

"The $50m can be drawn-down on award of the mining permit."

If that's true, then why have they not done it? Why do the recent placing?

Either Optiva didn't do their homework or that's just a simple error! Either way, if they can't get that right, what else in the report is false?

[mostyn] 16/7/2019 14:10

Are there many brokers that still do T20. Mine only does T2 so trading on margin is out. Probably just as well!