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Worth well over 3000 BILLION dollars, according to Wikipedia (https://en.m.wikipedia.org/wiki/Bushveld_Igneous_Complex )
Dimitry says we are about as big as the Bushveld Complex. If so this means we have an asset potentially worth about 3000 Billions too.
Wikipedia says "It has been reported that more than 20 billion metric tons of PGE ore rock has been indicated in South Africa by the different exploration and mining companies of which contains about 38.1 kilotons of platinum metal in mineral reserves and resources in the Bushveld. The sum of PGEs and Gold resources and reserves equates to a total of about 72 kilotons from the Bushveld Complex alone."
From the main man himself -
"We have always noted the significant potential in the area which we now more strongly believe can be developed into a new global mining region for PGM to rival other large PGM producing regions of the world, including the Bushveld Complex in South Africa and the Taimyr Peninsula in Russia." . . . . . . .
Christian Schaffalitzky, Chairman at Eurasia commented: 'We are pleased to offer this further update on the resource surrounding our Monchetundra Project. We are now well established in Kola with a production license valid until 2038 and our exclusivity to the flanks firmly established under applicable laws. We have always noted the significant potential in the area which we now more strongly believe can be developed into a new global mining region for PGM to rival other large PGM producing regions of the world, including the Bushveld Complex in South Africa and the Taimyr Peninsula in Russia. It is not unusual for layered mafic massif to contain multiple deposits and deposit types. The Monchepluton Massif, hosting the majority of the deposits mentioned here, is generally accepted to contain many of the internationally recognised intrusive igneous PGM deposit types. With our EPC and Financing contract with Sinosteel signed and valid for 10 years our 2 open pittable Monchetundra deposits are fully financed and we can in our opinion rapidly move into production. We have also previously stated (see announcements dated 24 October and 25 November 2019) that we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'
It can be developed into a new global mining region, that process would be a constant expansion from where Eurasia sit, flank app after flank app for many years imho. His statement means the 15Moz, 22Moz, 4OMoz etc being touted at the minute is just the start of what can be achieved in the area there. It would take a very long time to build up to an area which rivals the other large global regions.
GLA
Eurasia is a significant part of the foundations in which a major (or most likely, a consortium of majors') can, in future, create an area to rival, or best, that of the Bushveld.
We hold a not insignificant key to this - underlined when Schaffalitzky stated that we have 'first mover advantage' or something along those lines in a RNS, I recall.
GLA.
In time it might be worth an absolute fortune in monetary terms a figure I could not comprehend post many years mining and graft, however when you consider £1 is = $4 billion no one is going to be paying £35 a share for EUA, it’s a bit of fun no more.
He didn’t sell a sausage because he can’t!
What we're lacking here is facts, where is the $10,000 average coming from? Without more detail and ACTUAL quantities of Rhodium etc it's all guesswork.
This is going to be good (IMO!) but at the moment I don't think people should get to carried away!
Interesting comparison, Susan Boyle and Hoochy lmao
Plus the fact we own 80% of MT
Gary if Dmitry sold his shares when the SP reached 40p he would be in trouble for insider trading
Do you want to try writing that again in a coherent sentence so I can understand what you are trying to say?
I never said they were selling it cheap, what I said was £35 is unrealistic.
If it's so obvious that we're worth so much, why are we languishing under 30p. Surely the market must look at the same figures.
Genuine question.
That is the nature of investing, some are unaware and some don't believe
I'll stay grounded, £1 plus.... well chuffed
Hi all
Been out all day today, so are we now saying there is as much as Bushveld. If so why hasn’t this been mentioned before, I understood there was a report to say what Eurasia supposedly had how do they compare.
So go on Gary what would that value our share at
Gary can’t get over all the crazy valuations without real evidence I’m not sure if anyone knows what quantities of what are in this mine. I have seen anything from 60p -£1-£3.50 - £35 and your talking about 2.7 billion shares the spread is ridiculous.
If Hoochy is anywhere near being right I know someone who would love to buy as many as he can get at 28p he is called Rishi Sunak we would be back on track for mid summer.
If he is any where near then a lot of posters here will make millions.
IMO, I feel a reasonable base valuation is twice the out-dated ACF report based on progress (flanks, DFS, etc) since it was commissioned, the bullish PGM medium-term trend, the demand for green energy, a potential bidding war for EUA (at least three non-binding offers).
Ultimately, we do not know the scope of what is in the ground - only the bidders.
I will be pretty disappointed if we sell the whole company for less than twice the outmoded ACF upper valuation (£1.20 per share). However, the BOD are smart cookies and know what they are doing plus, most importantly they know what we are worth. There is no doubt that they would have activated the SinoSteel contract and mine themselves if the offers were not well within their valuation of Eurasia.
I, along with many peeps on here, are confident the BOD will be extracting maximum value for shareholders (well, they would since they, collectively, own around 20% of the total).
The patient will be richly rewarded. Have a great weekend, all genuine investors.
GLA.
Hoochy I really hope your right I just can’t see this being 100 billion sale
Seriously at £35 someone needs their head tested. No grasp of reality and just makes a mockery of a quality investment.
Please talk sense!!
My concern is......if this goes to a £1....before the FSP is complete......what would you do... dilemma...dilemma.....
Your numb £35/ share grow up
Billions
Nice moniker
Hoping to live up to it ?
14 posts and your calling the shots.
Lets just wait and see if its 60 p or £35