Eurasia Mining Share Discussion Threads

[russiaguru] 10/9/2019 08:26

Penn end of september not now, too early

Wk production update and Wk approval expected

[pennstreet] 10/9/2019 08:21

Dragging their heels on news release?

[book5] 10/9/2019 06:58

quantum of already approved resources!!

Milste1 , are you looking forward for this update? What do you expect?

[book5] 10/9/2019 06:55

Coming soon we should have rns with confirmation of MT’s flanks application, from last rns:

Flanks application

A 'Flanks' licence was finalised, to be submitted Rosnedra in September 2019 on areas surrounding the mine sites. This application is made under the 5km exclusivity zone granted to mining licencees around approved reserves. As a minimum the Company believes that this application will cover on-strike extensions of identified ore bodies, and where ultimately mining can continue. Furthermore, the Directors understand a number of deposits are adjacent to the Monchetundra deposits, some of which may contribute directly to the long-term development of a PGM-base metal operation with toll treatment over distances of 2 to 8km. These prospects and potential applications are now being reviewed in detail, with further applications to be made going forward as appropriate.

A further statement on this application, including the quantum of already approved resources within the area to be applied for, will be made if an application is submitted.

[snowman100] 09/9/2019 19:35

Ex......yes, platinum is rising like a star...........at this minute it is $950.....very soon will be $1000 for sure and tipped to reach $2000 in not too distant future.

The Russian approval allowing for more washplants could come anytime soon as well .....there is still time to get up and running with that this season!.....they will have to move quickly though...wouldn't be surprised if the machinery is standing in readiness somewhere close, waiting for green light.

That would be brilliant.

Can't wait for next update.

GLA !

[book5] 09/9/2019 19:25

Exc

Very true

Waiting for the hard data that ignites the 🚀

[excellance] 09/9/2019 19:04

just re read that vegetarian RNS to see if it "felt different" now, and it does. I think its a very positive statement and shows a lot of progress has been made, reiterates the details of the EPC so nothing has changed there, gives us a broad time line of 6 to 12 months, and of course the intec agreement, a link to their website is above...i think people were saying at the time they couldn't find a website or it was old!

look, we are all very excited, very impatient, want it all at 7am tomorrow, but we have to be reasonable, be patient, and just let things develop as promised.

the Russian government machine is now back to work so we may get some kind or regulatory approval or update from them in a few weeks, and my guess is we'll get some kind of progress report from WK, but CS has already stated that nothing exceptional has happened, but to me the biggest positive is that pt prices are continuing to rise which will go straight to our bottom line!

[book5] 09/9/2019 18:43

We need a rns with lots of meat around the bone
We don’t need a vegetarian one like the one of the 13th of August

[amont92051] 09/9/2019 16:31

Not worth the effort, I exhausted myself writing that post.

[snowman100] 09/9/2019 15:04

Now look what they've done.....I'm melting again!

Oh well....back in the freezer for a couple of hours.

[snowman100] 09/9/2019 15:03

I think Sharetalk were well out of order with their post last week....what the hell was the point?.......they seem even shorter on detail than EUA ! They really should have qualified their statement.

OK probably release tomorrow.....but wouldn't have really hurt them to give a tiny bit of info.......instead all they have done so far is added to the deafening blank wall of silence and uncertainty......especially if they don't publicise this week as well!

Pretty poor in my opinion.

[excellance] 09/9/2019 14:42

Another interesting company is ALTN based in Kazakhstan, a gold producer with quite small production but with a big JORC r+r needing funding to development.

So similar to Eurasia in many ways, and I've mentioned them before, but some big buys coming in on their book today, so worth watching if minnow goldies is your thing.

[book5] 09/9/2019 14:35

Mostyn
good post
GLA

[book5] 09/9/2019 14:35

Mostyn
good post
GLA

[excellance] 09/9/2019 14:28

well, they've protected their licenses for two decades, waiting for the right time to develop, and it does seem like that time is here.

[mostyn] 09/9/2019 14:20

excellance,

It's hard to see why Eurasia wouldn't come good eventually barring some unimaginable disaster, or mismanagement on an epic scale. At Monchetundra we already have $2.5-$3.0 BN on the current resource which they have stated could increase several fold with the flanks. Moreover this is low cost production from what has been stated so far. This is without West Kytlim which could also expand significantly. There could be a 20 year mine life at both Monchetundra and West Kytlim which is always of interest to majors who tend to look long term.

The trend in their constituent metal prices is expected to be very favourable for some time, with supply expected to be tight. There is no such thing as a sure thing on AIM, but Eurasia longer term must rank high on the scale of places to be.

[excellance] 09/9/2019 13:57

abr,

my initial investment was small, i lost money, got out, waited, watched, got back in, added, and when the share price dipped to 30 added significantly to average down.

so yes its been a long haul, not trouble free, the plan has it times been totally derailed, a lot of investors have come and gone, most lost cash for sure, but now is the time to yield the fruits of two decades of work in my opinion.

of course i have other investments, mostly managed by others, but i am determined to see this to final conclusion whatever that may be.

[abrahe00] 09/9/2019 13:17

20 years!!!? And you still haven't taken profit from your investment? If you'd stuck it into property, you might've been richer than Rockefeller by now! ;o)

I don't know anything about RMM, so couldn't possibly comment.

GLA.

[excellance] 09/9/2019 12:47

You can try RMM for easy quick cash turnaround...Maybe...and I'd be interested in your views regardless on that thread obviously.

[excellance] 09/9/2019 12:42

I get your jam tomorrow thought, but the problem is you can pay pennies for jam tomorrow today, or you can pay full price tomorrow when the jam arrives.

I've been here 20 years, have a substantial holding, and my average is still 44 so yes thanks I'm in profit.

[abrahe00] 09/9/2019 12:00

Ex: That's all "jam tomorrow". So far, all we have is the paltry 10kg from the previous season and the 165kg from last season, when they still managed to make a loss of c. $1m.

We don't know how WK is going this season since they won't tell us. Nor do we know when we'll get our hands on some of that $50m earmarked for MT.

Unless you are an extremely savvy investor or just plain lucky and managed to buy these a couple of years back at 0.3, then there is no way that you are making money off the back of your investment. So, no, they have not delivered any sustained shareholder value in my view.