Eurasia Mining Share Discussion Threads

[edgein] 04/9/2019 11:18

Book,

Thanks, but I think cool hand was asking about the original dfs for WK rather than broker notes. Mosstyn, yes I believe that with the number of trucks in operation, upgrade to circuit and higher grades that production is likely to be exceedingly satisfactory.

Regards,
Ed.

[pennstreet] 04/9/2019 11:06

And we're off ;0)

[pennstreet] 04/9/2019 11:02

Too true mostyn

[mostyn] 04/9/2019 10:57

I have emailed them in the past, and while it's good to maintain contact, any concern of mine is unlikely to alter their intentions whatever they may be. They will be aware that investors want numbers, but they have been careful in interviews to give little guidance. The word "satisfactory" comes to mind. Waste of time also comes to mind.

[pennstreet] 04/9/2019 10:49

Mostyn - why not email EUA with that concern?

[russiaguru] 04/9/2019 10:47

still sounds like trial mining to me

[charles clore] 04/9/2019 10:34

Grade is king

[richgit] 04/9/2019 10:33

A little reminder to keep Investors focused on future value....

Plus considering how Palladium/Platinum/Gold/Nickel are currently pricing,
as possibly "just the beginning" of the real moves coming.


September 2017


" Background to Monchetundra Project off-take agreement negotiations

Eurasia notes an increased interest from refineries seeking Platinum Group Minerals ("PGM") and copper/nickel concentrates fueled by a tightening in the international supply of quality concentrates. The status-quo situation of recent years is reversing and refineries, reacting to a looming shortage of quality feedstocks, are reaching for quality upstream assets. This is well demonstrated by a recent transaction in the PGM and copper/nickel refining space over the Kevitsa Mine in Finland (270 kilometres West of Monchetundra) purchased by Boliden for a cash consideration of $712 million. The Kevitsa Mine is considerably lower grade than Monchetundra, although of larger tonnage

[cool hand kev] 04/9/2019 09:50

PennStreet
4 Sep '19 - 09:18 - 24587 of 24594
0   0  0

Cool - you'd be lucky to get any in at that price

First trade of the day was Mostyn's ? Buy

But last trade was full price tick up due soon IMHO

[mostyn] 04/9/2019 09:44

Eurasia keeping up the momentum on twitter not that anyone seems to be taking much notice.

Eurasia Mining
@eurasiamining
·
1h
#EUA #Platinum #WestKytlim
𝙋𝙡𝙖𝙩0414;𝙣Ҵ26;𝙢 - 𝘽𝙚𝙝𝙞0419;𝙙 𝙏𝙝𝙚 𝙍𝙖𝙡𝙡0430;
◽️
Price has jumped nearly 7% in the last few trading sessions
◽️
Platinum is a critical component in auto catalytic converters
◽️
Platinum is seeing strong buying momentum
hxxps://buff.ly/32gtkqG

[russiaguru] 04/9/2019 09:37

wk news end of september

[mostyn] 04/9/2019 09:30

I think what is holding the price back is the lack of certainty. I don't think it's that investors are apprehensive or nervous, it's just that Eurasia doesn't generate that warm feeling that says I must go out and buy. I think things seem to investors to be ok and progressing but that there isn't any sense of urgency that the price is going up.

We know we are in production at West Kytlim and supposedly things are satisfactory but there could be a wide range of interpretations as to what that means. One might think Eurasia would be a buy on the most optimistic interpretation, but in this market insufficient investors are likely to take a chance on what might seem a pure gamble.

At Monchetundra we know we are making progress, but have no idea where this puts us on the time chart to production. All will seem somewhat nebulous until we see the S50 million paid out for the sub-contract, as for many this is the only event that will signal the start of the project even though in actuality it has been progressing for some time.

Whatever the short term situation, I continue to be confident in the longer term especially as the price of Platinum and Palladium is looking good. If this continues in the months to come I can't believe there won't be someone running the ruler over Eurasia.

[book5] 04/9/2019 09:28

Ed

From memory Pt price was taken at $1000 for the broker’s Eua valuation

[ekuuleus] 04/9/2019 09:27

time to open a coconut tote.

[ekuuleus] 04/9/2019 09:27

I would expect a production update on 26th or 27th September.

[amont92051] 04/9/2019 09:22

Quoted .465 for 2mill sell
.475 for 200000 buy with HL

[pennstreet] 04/9/2019 09:18

Cool - you'd be lucky to get any in at that price

[pennstreet] 04/9/2019 09:16

For once I didn't pay attention to the price!2.5m got accepted

[cool hand kev] 04/9/2019 09:11

Thanks Ed

Penn so if the Buys are going thro' @0.4625

What price did you get quoted for a sell?

[mostyn] 04/9/2019 09:11

Just picked up a few more @0.4625p so selling below mid at the moment. It would be good if we could have some production news, but not holding my breath.

[pennstreet] 04/9/2019 09:07

Well there is demand. Tried some dummy sells

[edgein] 04/9/2019 09:00

Willmac,

This is alluvial mining at WK, sure they may find a "satisfactory" amount of gold, platinum and some palladium nuggets, veins will be for hard rock mining like MT. They do have some Au over at MT for sure and it'll likely be in veins just the Pd and Pt.

Regards,
Ed.

[edgein] 04/9/2019 08:50

Cool,

I cannot remember the Pt priced used in the DFS for WK, but the grades were a fraction of what they assayed at Kluchiki, that alone makes a hell of a difference!

Regards,
Ed.

[pennstreet] 04/9/2019 08:36

Maybe it's a big order and the mms are struggling to fill it?