Eurasia Mining Share Discussion Threads

[excellance] 02/9/2019 10:17

Not long to wait now we are into September.

Thinking over the weekend of all the various likely outcomes for Eurasia, for WK, MT and STP and the numbers involved compared to our current share price are just boggling!

[excellance] 02/9/2019 08:48

ALTN gold plc up 13% today. In similar situation to Eurasia trying to expand production from self generated revenues

[excellance] 02/9/2019 08:46

Yeah advfn very disappointing today.

[pennstreet] 02/9/2019 08:17

ADVFN not behaving this morning? Can't see any movement on any stocks? Most of all for EUA ;0(

[excellance] 02/9/2019 00:14

Regardless of what CS or DS said, and the situation on ths ground at WK or MT, the next few days is all about brexit and the value of the pound.

As I said a couple of years ago and often since Eurasia offers a significant haven from brexit fallout.

Pt and pd are already rising from the very start of this week, and for us things are looking great!

[book5] 01/9/2019 18:01

I give more wait to CS that DS opinion.

One of them will loose face, they may be hopping to reach higher grades to get DS target? Better to be above target that below it.

I believe :

weathering of the original rocks is not uniform with more weathering close to the bottom of the valleys? The more the weathering the higher the recoverable rate. Big boulders contain PGM but can’t be recovered economically, so the more the weathering (smaller boulders, gravel) more PGM can be recovered.

They may have changed the point from where they are collecting the soil for processing to try to improve the 100kg target?

I have the question, how much recoverable PGM we left last year un-recovered in the pond, and how it compare with this year. Also the split per metal, it would be excellent if we increased significantly the production of rodhium, i believe it is softer than pt, so it may be present in finer granes that are prompt to be collected with new addition to washer plant,.... who knows if significant, may be not

[driver101] 01/9/2019 17:43

This is now closed to new entrants.

End of year share price target for an additional coconut at the end of trading 31 Dec 2019
The list will be posted Now and again.

driver.........................4.5p
russiaguru.....IBS......1.5p
cyberbub..................2.5p
LivewirePlus.............3.0675p
mostyn......................1.1p
PennStreet................6p
excellance.................3.3p
livup967.....................10p
book...........................5p
user2007....................1.21p
billionairepaddy..........2.8p
milste1........................2.95p
Willmac4671...............2.4p
fillupmaz......................3.8p
thechinaman1.............0p (sold)
snowman100.............18.5p
Dr DarkStar.................7.5p
Charles Clore..............2.75p
cool hand kev...............3.5p
davidspringbank...........1.7p
DRH3..........................2.1p
Ekuuleus.....................0.8p
Alexei Boucher............2.8p
Whiteflowers..............2.3p
Cudgietoo...................3.35
STOPH.........................4p
lew stules....................1.925
abrahe00....................0.9p
BMNSA.......................2.75p
Block4Gooner..............4p
Cezary..........................50p
mold..breaker........... .85p
The Deacon................1.35p
dubjon.........................5.4p

[driver101] 01/9/2019 17:42

Ex
Cheers for the-links very informative.

[excellance] 01/9/2019 15:04

surely we can all see that WK is operating on a much bigger scale this season?

CS said "nothing exceptional to report" and production is "satisfactory" so we have to assume we are within expected ranges of production.

CS initially said 100kg target for 2019
then DS said grades were 3-4 times higher than original assay results
weve also been told that weve made efficiency and throughput improvements

the question is, why are they being so vague about WK by not actually giving us any detail? production could be anywhere between 100 and 500kg for this season, and it is possible we get another wp on line within 2 weeks!

the biggest question is, have CS and sinosteel come to an agreement that means we no longer rely on WK cash to fund MT pre development, because based on that CS interview that appears to now be the case, tho i'd guess the lions share of funding will be handed over at the end.

[snowman100] 01/9/2019 11:46

Book....'If Pt reaches 1260 and we keep paying 560 to contractor the profit is 1260-560=700 per Oz rather than 240'

Why should we keep paying same amount?...don't forget we were told in RNS that contract had reverted from the temporary 30% last year back to 35% for 2019.

Ek....This years target might well be 100Kg.....but the video of the operation with the 4 trucks tells us the reality is going to be massively more than that. IMO CS being very cagey in interview so that when results released, it will have maximum positive impact.

But as you say, nobody knows.....EVERYONES guess is pure speculation on the frugal information released.

Speaking for myself, I'm expecting some very decent results......GLA !!

[ekuuleus] 01/9/2019 11:34

ok book, didn't realise you were referring to next year.

That interview by cs really bugging me. replayed the 30 seconds from 5:50.

'Oh yes no the're satisfactory'

'The oh yes was really positive.' I think he almost slipped up then tempered the answer. Legally no commitment. Anyone have a replay and what do you think?

[book5] 01/9/2019 10:53

Eku

Bcs next year, in a market with PT price rising it will be in eua hands to re-negotiate the terms with the contractor , and we will renegotiate them. It is clear to me.

Excess profits for contractor will bring more contractors with better offers

[pennstreet] 01/9/2019 09:40

News on several fronts imminent - i would not want to be out at this stage !

[charles clore] 01/9/2019 08:12

Unfortunately we can only guess

[ekuuleus] 01/9/2019 03:57

what a strange calculation

if its a percentage to the contractor, why use a monetary amount?

The current price is $935 dollars. They are not going to stock pile platinum, they need the cash flow now. So why make up a value?

It's been done before on this tread.

Last year 165kg * $800 * 30% * 97% * 1000g / 31.1g = $1.24m

This year target: 100kg * $935 * 35% * 98% * 1000g / 31.1g = $1.03m

Note the broker not had a prediction of 650kg using 2 wash plants. We now approval was not in time and stuck on 1 wash plant.

Note, also haven't made a correction for the percent ownership of the mine.

14th August at 5:57

Are you satisfied with the product numbers? 'Ah yes no the're satisfactory.'

I'm not sure what to make of that comment. And I'm not clear if he is making that according to the 650kg prediction or later comments that it's a 100kg for this year.

Also in the interview:

...

'unfortunately we are still working on the permits...'

[book5] 01/9/2019 01:46

Ignoring the raw /pure Pt price difference.
Last year When Pt was at around 800 we paid 560 , this is 70%, to contractor leaving us 240 per Oz revenue
If Pt reaches 1260 and we keep paying 560 to contractor the profit is 1260-560=700 per Oz rather than 240
This is, we would almost triple the profit
I believe richer Pt prices are coming and will be reflected in the sp, and number of washer plants

[book5] 01/9/2019 01:46

Ignoring the raw /pure Pt
Last year When Pt at 800 we paid 560 ,70%, to contractor leaving us 240 per Oz revenue
If Pt reaches 1260 and we keep paying 560 to contractor the profit is 1260-560=700 per Oz rather than 240
This is, we would almost triple the profit
I believe richer Pt prices will be reflected in the sp

[charles clore] 31/8/2019 15:20

he production season in Russia is shorter than most other countries so I would expect some spectacular tidbits within the next couple of months to keep speculators on the hook over Winter until next season, when it will all take off big time imho..

[dubjon] 31/8/2019 09:46

Good times are just around the corner.

Multiple news pending, share price on the rise, excitement is building.


pd and pt are rising strongly.
It seems like a perfect storm is brewing for us.

We have had to watch while other shares do well, now it is our turn to shine. Hold on tight!

Next couple of weeks should be good...

[excellance] 30/8/2019 16:56

It's possible they made 4 or 500 quid on that trade. Can't knock it really.

He may regret taking that small profit in only a few days time.