Eurasia Mining Share Discussion Threads

[snowman100] 13/9/2019 23:37

I just wish it said when an application is submitted instead of if.

[book5] 13/9/2019 22:17

Penn
I will help you too
But we should not need it
Read 13th August rns:

Re:MT flankes:

“A 'Flanks' licence was finalised, to be submitted Rosnedra in September 2019”.

Ronesrdra is normally a bit slow, it may take some months to their answer. Hopefully company is optimistic we will get the the flankes extension

“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.”

I understand This refers to resources in the flankes.

Here I Cant see anything else other than a 🚀

[russiaguru] 13/9/2019 21:55

Billionaire thanks for holding me in such high regard.

I suppose cleaning up an account to some maybe news, but expecting a spike, unlikely

[snowman100] 13/9/2019 21:01

I'll help you Penn !

[pennstreet] 13/9/2019 20:10

Snowy - if we don't get any news BEFORE the end of this month, I'll eat my hat!

[snowman100] 13/9/2019 19:51

Well at least the news was mind-boggling!

[pennstreet] 13/9/2019 17:27

What news?

[billionairepaddy] 13/9/2019 17:13

thought todays news was supposed to cause a gigantic spike

[billionairepaddy] 13/9/2019 17:13

thought todays news was supposed to cause a gigantic spike

[russiaguru] 13/9/2019 16:23

Sorry clearing up an account.

[charles clore] 13/9/2019 16:01

penn - it's probably russ!

[pennstreet] 13/9/2019 15:52

Who on earth is selling!!

[ekuuleus] 13/9/2019 14:59

variable vs very variable.

Contractor is a percentage per production so is variable both on Pt/Pd price but also volume of production.

It does seem a fee per volume would give more upside to EUA but it also moves some risk from contractor to EUA. That said, that risk was already moved by changing the percentage from 35% to 30% when Pt price had gone down. That approach makes it a little more one sided in favour of the contractor.

Perhaps a fixed and variable formula would lead to a better risk sharing and better upside exposure to EUA. It would give a more stable formula where the percentage does not need changing so much depending on Pt price. Allowing a changing percent moves the risk back from the contractor to EUA.

At $800, contractor gets $520.

However, contractor has a lot of fixed costs - these are converted into variable costs in the contract so to mitigate risk, it has to be profitable based on the 100kg prediction and the price at the time, which I believe was closer to $650/oz.

Given the previous contractor result, it seems it was quite generous, but then, the risks were contractor side for the most part. Only risk to Eua is the general opex such as salaries and ongoing testing, development, jet setting, et al.

This does create a problem though. It's in the contractors interest to not do too well, as it weakens the negotiating position for the contractor and reduces profits in subsequent years as a result of that negotiation.

[snowman100] 13/9/2019 14:58

Platinums' turn to shine today !

US $966 to buy..........climbing very nicely !!

GLA !!!

[snowman100] 13/9/2019 14:48

From 3rd Sepember.....'@Share_Talk Are in talks with @eurasiamining and we hope to update shortly #EUA #Platinum #Gold #WestKytlim

If they don't get a bloody move on it's all going to be out of date !!

[book5] 13/9/2019 14:34

And if Pt goes above $1000, then hopefully we have a new better deal with WK contractor where his return per oz is capped, but not the return depending on production , so he/she is motivated to produce as much as possible
IMHO This has to be possible

[edgein] 13/9/2019 14:26

Snowman,

Lets see if the subcontract money that we're due to get from Sinosteel makes a difference, perhaps then the market will know that MT is real. The reserves passed for WK will help too, as the saying goes two wash plants are better than one.

Regards,
Ed.

[edgein] 13/9/2019 13:43

Maybe.

Regards,
Ed.

[ekuuleus] 13/9/2019 13:16

I thought Mrs Merkel was a woman!

Are you sure?

[edgein] 13/9/2019 12:39

That's a bit harsh fella, she has short hair and all, its a bit like calling Nicola Fish across the border wee Jimmy Crankie.

Regards,
Ed.

[edgein] 13/9/2019 12:38

EK,

Are you talking about Mrs Merkel and George Soros? I thought Mrs Merkel was a woman!

Regards,
Ed.

[ekuuleus] 13/9/2019 12:25

..., anti-Semitic since a small fella with a peculiarly tiny mustache ... ?

You mean that guy in Germany FUNDED by Jewish backers?

[edgein] 13/9/2019 12:07

Book,

Yes Jeremy wants to appeal to all, for the many not the few! He's appealing to the Antifa's by wanting an economy that will rival the top socialist economies of the world such as Zimbabwe, Bolivia and the mighty Venezuela. He doesn't want to leave out those on the right too. I've not seen a legal political party so anti-Semitic since a small fella with a peculiarly tiny mustache took a tour of Europe on an armoured command train. That's why he also currently wants to Brexit and remain, that way he thinks everyone will vote for him, he may look like steptoesque little defenceless old man, but don't let that fool you.

Regards,
Ed.