Eurasia Mining Share Discussion Threads

[russiaguru] 13/8/2019 18:12

Trial mining statement is important, this is similar to wk

From this I read that trial mining is what has happened as Wk and hence the need for additional approvals to enable full mining, c1.

So mt will require additional drilling to prove up c1 and thus yet another approval after a trial mining period.

Poops

[russiaguru] 13/8/2019 18:09

What the heck was that

A somewhat poorly written Mt updated, with ranges from 12-24 months for anything material.

What happened to glencore being involved

Hope intec don't get a royalty

As usual more questions than answers, share price agrees

[excellance] 13/8/2019 17:36

Eurasia... are making good progress on the production preparation activities stipulated by the EPC with Sinosteel as (per?) TGK's... responsibilities, to initiate the payments from Sinosteel to TGK'

Not great English it has to be said.

[snowman100] 13/8/2019 17:05

From the RNS....' Eurasia and its contractors are making good progress on the production preparation activities stipulated by the EPC with Sinosteel as TGK's (Eurasia's 80% subsidiary) responsibilities to initiate the payments from Sinosteel to TGK'

I thought the initial payments to TGK from Sinosteel were to actually pay for the production preparation activities.....the arrangement and it's explanation are ridiculously over complicated.

[snowman100] 13/8/2019 16:17

I hope so!

[excellance] 13/8/2019 16:15

All part of the plan?

[book5] 13/8/2019 16:02

Snowman
My assumption is that If directors don’t issue more news is bcs they would not be very helpful

Shall we Brace for further weakness?

there are more sellers than buyers for weeks now

[book5] 13/8/2019 15:06

Exc, Snow
Let’s hope so

[excellance] 13/8/2019 14:40

I think you are right.

Remember that over subscribed placing, then the accurate and informative but low key podcast...then weeks of silence.

Maybe they were on a beach?

Now we have a bit of newsflow built up, maybe.

[snowman100] 13/8/2019 14:29

ex......'but my discussion yesterday with CS was not about MT so I was surprised at today's contents.'

I think this is only the start of a nice news flow!

GLA !!

[excellance] 13/8/2019 14:19

The costs were written off against profit from WK for tax reasons. They are still very much alive but were third and fourth in priority.

[excellance] 13/8/2019 13:13

Well I'm going out with the dog 🐶 now so I hope I don't miss it!

[milste1] 13/8/2019 12:59

Watching this space and staying tuned!

((-:

[excellance] 13/8/2019 12:54

I know today's rns is about MT so everyone is focusing on that, and yes it's good to get periodic updates to keep us informed of where we are at, but my discussion yesterday with CS was not about MT so I was surprised at today's contents.

The 4 bits of news today were
Imtec contract
DPD completed
Flanks applications
6-12 month timescale.

Nothing really explosive, and nothing on WK or STP as a pointed out before.

We know WK is churning away 18 hours a day, and we suspect similar grades to last year...we assume higher throughput and better efficiency, and pt is a slightly higher price, but we'll have to wait for numbers to confirm our guesstimate.

STP is the curve ball that may have been overlooked. When we signed the license gold was £800 per ounce, but is now near £1300, so simple maths will tell you that a great little project is now absolutely fantastic!

My bet is that several parties are interested in doing something there, but how and when that takes place is a mystery...but watch this space.

[book5] 13/8/2019 12:28

Buzzard
That is a realistic time scale fro MT
In WK I ho pe to see two washer plants from next year Second term located on selected areas of highest grades, so at least 340 kg next year
GLA

[excellance] 13/8/2019 12:28

No reason why we can't be at very least trial mining by next summer at MT.

[buzzarn] 13/8/2019 11:53

This is a great share for a sipp (pension) as over time it will be massive. For company directors out there, you can save corporation tax by paying directly into a sipp for directors then use the funds to buy EUA. Problem is, everybody wants big profits tomorrow. I'm topping up regularly, as if Dimitry is right and we are mining MT by the end of 2020, things will really take off then.

[book5] 13/8/2019 11:47

MT did not include update of mine operator

They way I see it, Eua is a good bet

I perceive risk, or want to imagine them, I am not sure

But I perceive Hugh profit to be made too

Market don’t count the chickens till they have hatched, so I assumed nothing till I see it

So great bet to add at this price for those with funds

[charles clore] 13/8/2019 11:42

I am just wondering what kind of resource upgrade will be possible with the inclusion of the flanks. Several times the current 1.9m oz Pd sounds VERY interesting. I should also point out that a proportion of that resource is gold and we are in a precious metals bull market.

[sclper] 13/8/2019 11:37

Market has certainly forgotten about STP but at current gold prices you could argue it could be worth more than EUA's market cap on its own

[bobby1904] 13/8/2019 11:28

I totally agree! This is an absolute huge project with loads of progress being steadily made and the mkt is completely asleep at the wheel. This current mkt cap is one of the most undervalued I have ever seen! At this level there is many multiples of profit to be made and one day the herd will kick themselves for missing it!