Eurasia Mining Share Discussion Threads

[excellance] 30/7/2019 19:04

very low volume again today.

[excellance] 30/7/2019 19:02

not me, CS hasn't spoken to me for months, think i may have said something on here that i shouldn't have...

or maybe it was a closed period?

or maybe they can't speak to anyone at the moment cos they are about to be taken over?

or maybe they've been abducted by aliens or Russian gangsters?

[block4gooner] 30/7/2019 18:56

I still don't understand.5:1 buy/sell ratioWent down yesterday on less volume so why not up today?

[mlloyd09] 30/7/2019 18:26

Has anyone received a response from a query put to EUA recently? In the past they have been very prompt

[book5] 30/7/2019 16:36

Snowman
Thanks

Agree long overdue....

[snowman100] 30/7/2019 16:01

CC... Not 3_4x last years grades. 3_4x baseline.
Last year was 4_5x baseline.
But still should be better yield due to improvements in processing and feeding.
So won't be 7x LST tear!
But should be considerably better.
Roll on update.....long overdue!!!

[excellance] 30/7/2019 15:13

some interesting reading here re large bore drilling requirement. also drilling results for WK from several years ago. i think sosnovka was chosen because its size could be mined out in one season, but its grades were not exceptional. kluchiki is apparently a higher grade and according to the DS podcast nuggets are there which improve the grade by 3 to 4 fold. its a much bigger area and i think the plan was to introduce another wash plant to mine it out by end of next year, but exactly when wp2 will be on site is unknown to us little people. i guess its a moving target with grades so variable.

[book5] 30/7/2019 14:57

Ok, but I read a much lower averages
Nuggets if caught in a bore holes rises dramatically the grade, but it is not a true picture

Last year we got the nugget effect and I believe the recovered grades were 1gr/cubic

This year could be better as they recover more fines, remember AB’s picture with the rule....that shows the scale of the tiny particles. But we can’t quantify this yet.

1st year they would have chosen the richest area, we may not be so lucky this year and go back to 0.5gr/cubic meter...very possible too But unlikely

[excellance] 30/7/2019 14:51

look at this tho...

[excellance] 30/7/2019 14:50

correct book, i have corrected the figures

360mg/m3 to 1-2g/m3 allowing for nuggets.

[book5] 30/7/2019 14:41

The 1 gr cubic / cubic meter is = the current grades which includes the nugget effect.
1gr/cubic meter is 3, 4 higher than the initial grades before nugget effect (which were around 0.25gr /cubic meter ?)
You guys are going to be disappointed

I can’t do nothing but to wait

[excellance] 30/7/2019 14:20

i think the 100kg target is based on grades of 360mg/m3 and 1 wash plant.

at start of this season nothing had really changed.

now we hear that grades are 3 to 4 times higher than the assay results showed due to nuggets, and the wash plant has had an upgrade, and also we have 30,000 m3 of material stock piled so there should be no waiting around for the diggers to excavate.

i am optimistic that we will see significant improvement from last year.

so why are we so quiet?

well, we have to mine a significant representative amount to get a good idea of averaged grades and daily production, so all of this remains to be proven, and in the meantime we are left guessing and the share price allowed to drift but for those in the know or prepared to take risk there is a great opportunity!

...or great risk!

[charles clore] 30/7/2019 14:13

So we could estimate maybe 15% less washplant usage but on the positive side maybe 4x better grades and 2x better processing efficiencies. I can only guess but that sounds like about 7x the 2018 output. Lets be ultra conservative and say 1000Kg of Pt equivalent @ £20k/kilo, less smelting and contractor costs of say, 65%. £7m to EUA - does that compute? No - good Lord it can't be right, that's more than half the market cap!!

[book5] 30/7/2019 14:06

i don’t think so, but I hope you are right

[excellance] 30/7/2019 13:55

but then factor in maybe 30 days less wash plant production...

[excellance] 30/7/2019 13:53

the 100kg target was based on grades as known at the time, but grades are 3-4 times higher this year, and production way more efficient, and add to the the higher pt price too.

[book5] 30/7/2019 13:33

Btw 100kg (CS quote) to max 200 (my quote)

[abrahe00] 30/7/2019 13:32

"Was £2.57m revenue last year not enough?"

Well... They made a £1m loss, so no!

[excellance] 30/7/2019 13:31

Does anyone think WK has been disappointing?

Was £2.57m revenue last year not enough?

What do we think the revenue figure for this year will be?

[book5] 30/7/2019 13:09

So for the share price to go up, they don’t need to issue a good rns, just calling for a AGM would do
:)

[ekuuleus] 30/7/2019 12:09

Not quite russiaguru :).

The AGM might be open but that does not exclude additional meetings that are not open to shareholders.

[russiaguru] 30/7/2019 11:51

Ek - so you stood outside the room, lol

[ekuuleus] 30/7/2019 11:16

Indeed, nothing downbeat about the actual AGM.

What was discussed behind closed doors, I wouldn't know.

[book5] 30/7/2019 11:12

Driver
An enthusiastic post
All hope you are right