Eurasia Mining Share Discussion Threads

[book5] 26/8/2019 10:11

does an Alluvial deposit refer to the Origen of the deposit: alluvial Origen

What is the Origen of the deposit at WK?

May the closer we are to the current river the higher the disintegration and therefore the higher the recovery grades?

Regarding capacity of breaking a rock we use next term in civil engineering



Eua should avoid using inaccurate terms and explain things in detail to non professional miners like us

the miner community, including analysts, will not appreciate confusion

[block4gooner] 26/8/2019 09:51

Underground soft rock mining is a group of underground mining techniques used to extract coal, oil shale, potash and other minerals or geological materials from sedimentary ("soft") rocks.[1] Because deposits in sedimentary rocks are commonly layered and relatively less hard, the mining methods used differ from those used to mine deposits in igneous or metamorphic rocks(see Underground mining (hard rock)). Underground mining techniques also differ greatly from those of surface mining.

[block4gooner] 26/8/2019 06:58

So that's between $450M and $760M

[cudgietoo] 26/8/2019 02:24

I'm pretty sure that "soft rock" is not a geological term and that phrase was only used to emphasize that no blasting is required at WK ... We simply scoop up the gravel and wash out the goodies via the trommel

MT however is hard rock ... like a mountain; Well it IS a mountain, and will need some pretty serious explosions to reveal the payday at around 180m deep - First blast would be an interesting video for shareholders

Processing of MT ore will be vastly different to that from WK
Maybe our resident geologist could provide an "idiots" guide?

Certainly would be informative and appreciated I dare say

[thechinaman1] 25/8/2019 23:10

‘Russian miner Norilsk Nickel’s Global Palladium Fund plans to buy between 300,000 and 500,000 troy ounces of palladium by the end of 2019’.... hmmm, so will be buying MT’s 2 million+ ounces from EUA in instalments, then! No complaints from me! £250,000,000 in £50m slugs will do nicely. Ta v much.
;P
TC

[driver101] 24/8/2019 21:38

Penn

The demand gets better and better.

Tweet.

#EUA #Palladium #Monchetundra #Exploration
𝙁𝙪𝙩𝙪0423;𝙚 𝙇𝙤𝙤𝙠0424; 𝘽𝙧𝙞𝙜0413;𝙩 𝙁𝙤𝙧 𝙋𝙖𝙡𝙡0406;𝙙Ҵ14;𝙪𝙢;
◽️ Chinese emissions legislation fueling Palladium demand
◽️ An extra 1m tonnes a year from 2020 required in China alone
#CatalyticConverters

[pennstreet] 24/8/2019 21:21

Ex - which tweet ard you referring to?

[book5] 24/8/2019 20:00

Cc
An Eua tweet showing the flow chart of the proposed MT PGM basemetal extraction process would be good
B.

[charles clore] 24/8/2019 17:34

snowy - nowhere can I find the process of extraction and refinement to be used for MT. That's what prompted my question.

[snowman100] 24/8/2019 16:03

CC.....as Mochetundra is a hard rock deposit as opposed to WK softrock.....I suppose it has to be blasted and crushed, but after that, wouldn't it go through more or less the same processes via the trommel/wash etc?

I don't know the answer I'm just guessing.....I think they use that method to process some gold hard rock deposits.

[red rook] 24/8/2019 15:24

From historic data: In 2015 the world production of palladium totaled 208,000 kilograms

= 7336984.09 oz
= 229.280753 US tons


more update data... In 2018 some 210 metric tons of palladium was produced worldwide .. which is around 231 US tons.... got to luv google !

So if producing @ 220 tons /year for 4545years - ie starting from 2526BC .... then we would have a 1m tons of Pd by now ... that is US tons . :-)

[excellance] 24/8/2019 15:14

I don't know which buffoon writes those tweets, but 1,000 k Oz is not I million tonnes of palladium.

I don't think there's a million tonnes of palladium on planet earth in fact.

[snowman100] 24/8/2019 15:13

CC I'm not very up on different processing methods....how do you envisage it be processed ?

[charles clore] 24/8/2019 15:01

snowy - have they decided MT is suitable for the washplant method?

[book5] 24/8/2019 14:59

Wk
How much profit for all those washer plants????
That is the big question the bean counters will answer, and will partially reflected in the sp, once the results of the exploration works come to light
Hopefully the plants are forecast to operate with a good margin

[driver101] 24/8/2019 14:26

My $50 was for MT.

WK, and get STP up and running all will add to the annual turnover.

[snowman100] 24/8/2019 13:16

Yes, 50M per annum profit is conservative as it stands. How many washplants are they hoping to have in operation for Monchetundra?

If flanks are included I wonder if the annual production would be upped, or would they just increase the mine life?.......I wonder how many washplants at different locations could be utilised simultaneously...........it would be a mega operation if that was allowed .......and was operationally possible......Sinosteel are definitely big enough to handle that sort of scale aren't they?

GLA

[driver101] 24/8/2019 12:35

Block
The extraction will be between 130 to 140k Oz pa read past RNS’s then work out the possible revenue and revenue split, if as with WK. It may be 60/40 has been talked about. Do the maths $50m plus pa profit to EUA looks reasonable.

[red rook] 24/8/2019 12:31

Block4Gooner,
If you are thinking of MT when referring to 'actual figures of extraction' it has been talked about by DS in his latest Q&A video and elsewhere by DS and CS. It's worth taking the time to review the interview in full.



@ around 15min onwards DS talks about the MT project ... SinoSteel has an obligation to have the plant operating at a production level of 130,000 oz (PGMs), by the end of 2020.

If you are thinking about WK, then at the latest they will RNS production levels by the end of September ... as last year. Hopefully, they will provide an interim report before then.

[block4gooner] 24/8/2019 12:05

RRFair point. The market will eventually wisen up but would love actual figures of extraction in the next couple of months then "we're in the money"

[snowman100] 24/8/2019 12:00

1 Tonne Palladium currently = US$48,225,000 and we have 62 tonnes of it !!!! with loads more to be added on when flanks etc evaluated.........might even get higher grades than first thought as well. WK grades turned out 4-5 times higher....no reason that Monchetundra won't be similar !

[snowman100] 24/8/2019 11:47

ex......'1m tonnes of palladium...?? Err...really? ....I think not.'

This is from investopedia... '3 Apr 2018 - Russia produced the most at 80,000 tons, and South Africa was second with 73,000 tons. Canada ranked third with 24,000 tons. The United States produced 12,500 tons from two palladium mines in southern Montana owned by Stillwater Palladium.'

The tweet suggests China wants about an extra 5 times the current world annual supply ....as you say ........ not likely!!

Probably 1m extra ounces (31 tonnes)......even so, Monchetundra palladium is certainly going to be in very high demand.

Our 2 million ounces is equivalent to 62 tonnes. But could be many times more than that though with the flanks.

Whichever way you cut it......this share is one of the most undervalued I have ever seen !!!!

GLA !!!!