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Thanks trading, that's a serious library there. I've followed pretty closely since Nov, read most of what has emerged since then and also back-read a bit but my knowledge isn't deep I will try to get up to speed, thanks! Currently EUA is around 5% of my portfolio which is probably about my knowledge level but that might improve...
https://www.youtube.com/watch?v=cmJPjFD3HKU some geezer
Thanks mac, really appreciated. Will be interested to see how this unfolds. It's a patience game here (as elsewhere), I am hopeful this comes good in the next quarter or two but happy to hold long if required to production...
They can fund the expansion at WK themselves, on top of last years revenues see the warrant conversion RNS which also put nice cash into the coffers.
Sinosteel is only required if we take MT to production.
Thanks mac. Yes looking at the RNS' in reverse order they do continue the 'expand production volume at West Kytlim' theme so thanks for that.
In that case we expect maybe to expand production at West Kytlim irrespective of how, or in which direction talks are going if we haven't heard concrete news on asset sale. Again, and only because I am not familiar, can the co. already fund such expansion or do they need to rely on third parties (for example Sinosteel) for expansion at West Kytlim. I've read the discussion around how sale of MT (only) would allow substantial funding for a serious ramp up at WK but I don't know if EUA can independently fund expansion at WK without an asset sale?
Thank you for the pointers they are very helpful.
Very helpful mac for a relative newbie here. Thanks
WK - "which is in line with our strategy to expand the production volumes at West Kytlim, "
See flank extension RNS as the area has been increased several fold and eurasia are mining it 100% themselves this season with a clear aim of expanding production volumes.
Hope all that helps.
Then appreciate the current palladium supply and demand situation to assess against a certain large MT palladium rich asset at eurasia -
The average Pd:Pt ratio for Monchetundra is 2.36:1.
The average Pd:Pt ratio for Volchetundra is 2.93:1.
To date, 16,121m of drilling have been completed on the licence
To date, 12,192m of drilling have been completed on the Volchetundra Licence.
MT and monchegorsk geology -
This amount of exploration funding years ago -
"To summarise, as per the information from the Russian Cadastre:
· there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;
· additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and
· additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.
The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"
Start with this RNS was -
Can I please check from people who understand the business better (I am relatively recent investor since November/Dec and have small-ish stake and not in-depth knowledge here).
I get that if the company is in negotiations to perhaps sell MT or perhaps whole co, any further development on MT (e.g. the Sinosteel contract) will be on hold and we expect nothing to happen there start of mining season if we haven't heard anything by then.
What would we expect to happen at WK in that scenario, if we don't hear news on asset sale by start of mining season. Would the co. continue to start mining along the lines of 2019 production, or, if negotiating sale of MT only, would they potentially start to ramp up WK? Would we expect therefore news on what is happening at WK at start of mining to be some kind of indication on which way negotiations are headed on the bigger picture?
Of course, I understand that news on asset sale might land before start of mining season - it seems a reasonable bet that the timing of the sale announcement in October was designed to allow the winter closed season to get the negotiations done?