Eurasia Mining Share Discussion Threads

[cool hand kev] 30/8/2019 14:47

We await with baited breath
Usual Friday afternoon trading pattern :-)

[edgein] 30/8/2019 14:46

Snow,

I think both 635kg and 793kg are way way too hopeful. But certainly looking at the assays they released last year or early this and factor in a better recovery of fines then I'm also expecting them to exceed last year perhaps up to 200kg of pgm eqv.

Regards,
Ed.

[snowman100] 30/8/2019 14:41

IMO we are going to be WELL above that!

I also think the tweet is HINTING of a further scale up this year.

The four trucks look to be shifting ore back and fore to the plant in a continuous cycle...it is a much slicker operation this year. They have got it down pat......2 minutes to fill a 10m2 truck....that's possible with a continual cycle of the 4 trucks to process 30 trucks an hour (not saying it will be actually as much as that...only potentially).

Previous RNS said working 18 hours a day minimum. That is potentially 540 truckloads per day = 5400 Metres cubed. Say 1g per metre cubed. That is 5.4 Kilograms per day.

147 days x 5,4 kg = 793 Kg. Grades may even be higher!

That's with 100% efficiency.....so obviously won't be that....but say 80% efficiency that could be 793 X .8 = 635Kg.

Not saying it will be that.....only that it looks eminently possible.

Perhaps they didn't even need the second washplant and wanted to maximise efficiency with one and will expand to 2 sites next year?

One can dream !!!!

[ekuuleus] 30/8/2019 14:22

Someone correct me if I'm wrong. This year's target is 100kg PGM. The optiva note assumed 2 wash plants this year and we only have one.

DS early in the season stated that grades are better and recovery is better.

Much later though, several weeks ago CS on the video strongly emphasised that production is on target.

That suggests we will produce 100kg this year.

[pennstreet] 30/8/2019 13:47

Ah you spotted it - I completely missed that, lol

[edgein] 30/8/2019 13:47

We should see some scaling up in 2019 too.

Regards,
Ed.

[edgein] 30/8/2019 13:44

Edit, ah yes in 2018 it did, scale up quite a bit on the previous year, was thinking 2019 there for a sec! :)

Regards,
Ed.

[pennstreet] 30/8/2019 13:41

Latest tweet - ◽️ #EUA #WestKytlim project production scaled up by 16.5 times in 2018

16.5 times !!!!

That's some scale-up :o)

[excellance] 30/8/2019 13:31

Pt up 2%
Pd up 2.5%

[excellance] 30/8/2019 13:23

"Just imagine how trebling production would effect on Eurasia's financial position"

Just imagine what pt at $1000 would do!

[excellance] 30/8/2019 13:21

PGMs spiking even higher now. Going vertical!

[excellance] 30/8/2019 13:19

September starts next week, and excitement is building

[excellance] 30/8/2019 12:55

Can buy for 0.476p

[cool hand kev] 30/8/2019 12:49

MM - just closed the spread 47-50

[red rook] 30/8/2019 12:29

... good to see Pd flying past the $1500/oz mark again !

[red rook] 30/8/2019 12:28

... so do I...

EUA is in a far stronger position than AMC. MT will be providing a primarily Pd play, and has a EPC contract that's already been signed with SinoSteel. It is on the verge of going into development. It has a producing Pt play in WK which will continue to be scaled up.

AMC is no where near having its financing sorted out yet ... if I remember correctly they need to construct a 200km road in outer Siberia just to provide a transport link ... just to get started!

EUA has all the transport, utlities, and infastructure required right on its door step, not to mention Nornickel.

[book5] 30/8/2019 12:01

Ni has been rising strongly
AMC following it
I prefer EUA

[abrahe00] 30/8/2019 11:40

PennStreet30 Aug '19 - 11:15 - 24429 of 24431
0 0 0
We could do with an AMC type rns - directors buying on the open market!@

Why would they when they keep awarding themselves cheap shares in lieu of salary?

As CC pointed out, a high share price is not in the interest of the directors at this point in time.

[book5] 30/8/2019 11:36

I suspect russianguru is on holiday and missed to buy at the announced bottom
Still no late for his end of year target

[pennstreet] 30/8/2019 11:22

Good to hear from you, richgit

[pennstreet] 30/8/2019 11:15

We could do with an AMC type rns - directors buying on the open market!@

[richgit] 30/8/2019 11:00

As with so many Precious Metal tiddlers,there is a constantly somewhat incestous
handful of T+ traders all trying to outdo each other,whilst most Pi`s are still on Holiday + 90% of PI`s have no real clue about Gold/Precious Metals.


That will change of course.

There are actually very few decent Tiddlers listed in London,and that`s why I have been buying many Canadian listed stocks selling for buttons in the Precious Metal Graveyards of Canada

When the sector finally lights up there will be many chasing those few worthy London listed stocks.

Rick Rule pointed out that Palladium is many times rarer than even Silver,and of
course South Africa is somewhat in turmoil- which mainly leaves "Russia" for Palladium.


When Gold surpasses $1900 and PI`s truly wake up,many will be chasing Silver as poor Mans Gold-but then all Precious Metals come in to view when attempting put your Money into something safer than Banks/Bailins/negative Interest rates etc etc,so ALL precious Metals will be the target,as at least they cannot go to zero
like a Bust Bank and your/our Precious savings.


IMHO.

[pennstreet] 30/8/2019 10:28

Most are buys

[dubjon] 30/8/2019 10:04

You'd have to be a weak ho!der to sell on the strength of the sells so far today!
It is the perfect time to top up....well ok, a few days ago would have been more perfect.