Member Info for Alta_Traako

Hi GingerHippo,

Thanks for sharing.

Only thing I see is that NAP was bought in Canadian dollars so the GBP was £600m.

So using your calculations would be:
That's 600/2.32x15=£3879M
80% belongs to EUA that's £3103M
90% after fees is £2793M
80% after tax £2234M.

Divided by 2.7B shares is 82p per share. As you say, this only takes into account the 15Moz. Imagine the additional value from:

The additional 4Moz in the immediate 5km surrounding the 15 Moz that we will be selling them. (RNS link below).

The Vuruchaivench deposits also sit within the 5km surroundings. Research on Vuruchaivench deposits state they are “characterised by a higher accumulation of Pd relative to other PGE, and a very high Pd ratio”. (linked below)

Upto 21Moz potential in the wider Monchegorsk district. Research on the Monchegorsk states that the composition of the ore is similar to the MT deposits and that Pd and Pt are “abundant”. (linked below).

The WK project where we have 100% revenue (linked below)

Costs are less than half that of NAP

In summary. Anyone who has shares will see significant profit.

Links:

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/wk8p1ow

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w616jgx

https://www.researchgate.net/publication/255969073_PGE_Mineralization_in_the_Vuruchuaivench_Gabbronorite_Massif_Monchegorsk_Pluton_Kola_Peninsula_Russia/link/02e7e5212170535f10000000/download

https://www.researchgate.net/publication/225532839_Assemblages_and_genesis_of_platinum-group_minerals_in_low-sulfide_ores_of_the_Monchetundra_deposit_Kola_Peninsula_Russia

https://www.ngu.no/upload/Aktuelt/CircumArtic/9_Russia_.pdf

The power of 78 is beyond individual people and websites. The power of 78 is a lifestyle.

Hi aandi, thanks for sharing the spreadsheet. Some great work there.

Might be interesting to add the value of 19Moz to take into account the additional 4Moz within the MT licence. Think they are around these number but you’ll be more accurate with your formula.

3.1% - 18.54
11.3% - 66.63
20.5% - 118.16

Snippet from the RNS containing this info:

“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”

Link to RNS:

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/wk8p1ow/export

1. “Why do you imagine building a mine in the frozen tundra of the Kola Peninsula will be cheap?”
2. “You need specialised tracked transport even to get across the permafrost”
3. “Attracting any kind of a workforce to work there is also a huge problem”
4. “only the most desperate drunks are prepared to work”
5. “It would be easier to obtain capital for South Africa than for Russia”
6. “Everybody understands how corrupt Russia is, and how insecure legal possession is”
7. “There seems to be an assumption on here that Norilsk Nickel will agree to process ore from a third party, and to do it cheap. I know them well. They won't”
8. “Why do people on here keep assuming that the flanks are mineralised?!? There is no proof that they are, or that they will be commercial to mine”
9. “The paid for broker note was the most ridiculous ramp I've ever read”
10. “As I said, MT is worth a $50m to $100m valuation - on a good day”
11. “I'm just puzzled”

Well:
1. Because it has been done, approx. $300M (link below)
2. That is why the transport was created. Mining / transporting goods in permafrost conditions from all the way back has been going on for over 50 years (linked below)
3. Mining is the largest form of employment there and has never been an issue. There are also rail networks like other remote places of work (link below).
4. Stereotyping but even if it were true they still need employment? We have had drunks and crack heads running the UK' biggest institutions for a long time (linked below)
5. Blatant lie. Russia is about twice as well funded than SA (link below)
6. Companies / property / possessions are only seized when there is debt with no plan in place for repayment (link below)
7. If it makes business sense, they would do it. Have you ever heard of a company say “I don’t want profit”?
8. We state what has been RNS’d which is based on the Russian Reserves & Resources Reporting System (link below)
9. Everything is paid for. It was done independently. Companies work for money and do not sacrifice their future as a company to tell lies in reports. If anything a company with something to hide would not be commissioning a report to expose them. (common sense)
10. That would be about $5/oz. previous sales were up to $214/ before favourable conditions.
11. Yes

Links:

https://thebarentsobserver.com/en/industry-and-energy/2016/10/mining-company-builds-new-railway-kola-peninsula
http://pubs.aina.ucalgary.ca/cpc/CPC3-65.pdf
https://geocryology.files.wordpress.com/2014/03/permafrost-consideration-for-mines.pdf
https://www.bakermckenzie.com/-/media/files/insight/publications/2016/06/doing-business-in-russia-2016/bk_russia_doingbusiness_2016.pdf
https://www.statista.com/chart/19839/biggest-miners-among-countries/
https://www.drugrehab.com/addiction/common-professions/
https://www.icmm.com/en-gb/society-and-the-economy/role-of-mining-in-national-economies/mining-contribution-index
https://www.intercontinentalmining.com/russian-re

“15% stake for $30m = Impala (one of the world's biggest PGM miners) value the whole enterprise at $200m.”
“Most would agree that South Africa is a better jurisdiction than Russia. Cheaper, too.”
“15m ounces here is a PROVEN mineable resource, not a "hope" figure generated by some pretend paid for analyst.”
“The basket price of the PGMs here will be HIGHER than the basket price of Monchetundra."

What he does not say is:

On top of the $30m they paid $165m development costs. Close to $200m spent for 15% and I’m pretty sure they will be making a handsome profit on their $200m investment. (link below)

Palladium was at $900 at the time compared to now at over $2000 (link below)

Extraction cost $640/oz compared to EUA $300-325 (link below)

Underground mine as opposed to open pit. Hello COVID rules and high extraction costs (link below)

Over $1billion required to get the mine to production in the first place (link below)

First production not until 2023 with production to be scaled up to 2027 (link below)

Better jurisdiction on what planet? Bureaucracy and reliability issues plaguing the industry for years with no resolution (link below)

15Moz isn’t a hope. It is based on the Russian Reserves & Resources Reporting System (link below)

Were looking at a sale of company/ asset. This is immediate profit. (Do i really need a link?)

There will be higher basket prices = Guess work

I think we should stick to publicly available information and base any valuations on that. Investors and analysts have done this and consistently find conservative valuations in the mid 50s. We have all shared our working too. Anyone that doubts or wants to contest it are also welcome to share their working but I have a sneaky suspicion that they will not be willing to do this

Normally I would say good try but this felt like you shoved a mouse and keyboard up your backside and started twerking.

Links to the supporting documentation:

http://www.platinumgroupmetals.net/investor-relations/news/press-releases/press-releases-details/2019/Platinum-Group-Metals-Ltd-Announces-Positive-Independent-Definitive-Feasibility-Study-for-the-Waterberg-Palladium-Mine-093f81be2/default.aspx

http://www.platinumgroupmetals.net/waterberg/default.aspx

http://www.platinumgroupmetals.net/investor-relations/news/press-releases/press-releases-details/2020/Platinum-Group-Metals-Ltd-Reports-Impalas-Waterberg-Amended-Purchase-and-Development-Option-Agreement-Completed-Work-Program-in-Progress/default.aspx

https://www.intercontinentalmining.com/russian-reserves-resources-reporting-system/

https://www.gold.co.uk/palladium-price/palladium-price-chart/

https://www.aljazeera.com/ajimpact/record-blackouts-halt-operations-south-african-mines-191210163210115.html#:~:text=Mines%20across%20South%20Africa%20are,the%20country's%20already%20slowing%20economy.

https://www.reuters.com/article/us-safrica-eskom-mining-explainer/explainer-how-south-african-mines-c

Hi aandi, thanks for sharing. Your valuations sit around the same range as the ACF report, my own calculations, and many other investors calculations from this board and the telegram group. We have all been rather conservative and came to very similar valuations so that is a good indicator. Don't think we can all be wrong. Exciting times ahead! Cheers!

Understandable mate, but I wouldn't worry. If every single possible bit of **** were to hit the fan then we will still own an asset with 15Moz of palladium at $2000 per oz and making profit at a second asset with further works in the pipeline. You will make profit one way or another, the big question we all have is how long we will need to wait for it. Your 80k shares will bank you a tasty profit and I will eat my entire mattress if make a loss.

You invest in a company because you think it is going to make you money because your supposed research leads you to believe that the company is undervalued based on its current assets. You do not invest based on how many RNS's you think you'll get.

The company has done exactly what it said it would.

RNS from 11/02/2020:

"The Company confirms that, following social media speculation, trading in its ordinary shares has been suspended (at 7.45am today) pending clarification of its relationship with CITIC." This is an acknowledgement of suspension.

"The Company's AIM securities remain suspended." This is a statement of fact.

"Further updates will be made shortly." This is letting you know that they will update us "shortly". They do not say what they will update us on. They just say an update will be given. This mean an update on anything.

RNS from 12/02/2020...the next day ....(i.e shortly)

"warrants have been exercised by Sanderson Capital Partnersand Optiva Securities".

The company is not at fault. An update was given as stated. Stop being needy, get a job or a hobby and chill out and wait for SOMEONE ELSE (!!!!) to negotiate how much money you make.

Student night tonight. Got my flaps licence ready!

I read page 24. Almost a copy and paste of every other report ever done. Standard disclaimer.

Legend has it that codes are different depending on the company. These codes can contain 1, 2 or 3 numbers in them.

The first number in the code represents the number of vowels in the company name.
The second number represent the the value of the company.
The third number represents the chance of success attributed to the second number. It must be noted that where a second or third number is missing in a code, the missing numbers should be assigned 0. For example, a code 2 would actually be read as code 200.

In our case, the recurring code 78 that we so clearly see popping up is quite simply the best sign that EUA is about to skyrocket in value. Let me prove this to you all by following the rules stated above.

Eurasia Mining contains 7 vowels (EUAIAII). This represent the 7 in the code 78.

The number 8 in China is considered very lucky and a sign of prosperity and is the mathematical symbol for infinity. this represents the 8 in the code 78.

If we now apply rule three as detailed above we assign a value of 0 as the third number of the code. The number 0 is said to be an infinite loop that represents completeness.

When we take the time to understand these rules and how to apply them appropriately we can see just how valuable EUA is. The code 78 (or indeed 780) is essentially telling us that EUA has infinite potential for prosperity and that chances of us realising that potential is 100% as the 0 in code 780 means the deal is all but complete.

Therefore, there can be NO DOUBT that EUA is about to make shareholders a fortune. The codes do not lie.

But as always DYOR.

Hi Amers,

Apologies for butting into your post but...

Palladium keeps smashing records as regulators chase clean air (#Palladium >$2100) "sky really is the limit according to market sources"
#EUA Flanks are progressing well and on schedule, in line with strategy to be largest alluvial PGM operations globally

https://twitter.com/TrivChannel/status/1216825354758819843?s=20

"With the $2,000/oz hurdle now easily cleared, the sky really is the limit according to market sources. Emissions standards are set to get tougher as global governments step up efforts to avert a climate catastrophe. "
https://blogs.platts.com/2020/01/13/commodity-tracker-european-wind-oil-130120/

For what it's worth re the selling of one asset or the entire company, I would think that the buyer would want the whole company. My reasoning is that if they can scoop the entire company with a fairly generous offer (e.g. good offer for MT and a little sweetener for the rest) then they wont run the risk of:

1. Us developing MK and adding more value and the buyer needed to fork out a fortune at a later date.
2. us adding value and then a competitor buying MK.

Either way we get to run off with a chunk of cash, and potentially another lot in the future.

Thanks for the information, Ben. And thanks to everyone else too. Much appreciated.

Thanks for the good post Ben. Few questions about this part though that I've never quite understood.

"Currently we are being held by the MMs to satisfy a large buyer, we have been since the bear raid a couple of weeks ago. The large buyer is most likely the entity that will table an offer for the assets, however, we are unlikely to get any TR-1s because that would give the game up if became aware someone like Norilsk Nickel suddenly became a shareholder in EUA, most likely the stake will be spread across a few holders."

I see this on quite a few companies that I hold but always thought that if the potential buyer was scooping up shares on the cheap then a TR-1 would be required once they reach 3% holding. Would a TR-1 be withheld if the company was looking to place a bid and there was some sort of NDA or previous agreement in place.

OR

Do people mean that the buyer (e.g. NN) would take less than the 3% threshold but use multiple different vehicles to do so? (e.g. NN1 takes 2.9% and NN2 takes a further 2.9%).

Just curious as to how the buyer would be able to get shares without the TR-1. Not an important question and is more for my own understanding, but I can't really find an answer online so would be grateful for someone with experience to share.

Thanks,
Alta

It is not an "us against them" situation in the slightest. My filter bin is full of people who tell blatant lies that fly in the face of publicly available information (e.g. RNS). Ramp or de-ramp all you like, but as soon as you blatantly lie then its time for the bin. Based on the number of green boxes on my screen there are a lot of lies being told every day. If someone has a positive or negative view on the company based on their interpretation of information/ research/ formulate some sort of rationale then I am always happy to read it because they may pick up on something that I have missed, and I will thank them for it. So far though, the only rationale I can see is "can see this hitting 1p soon" or "BOD are lying to you all, there is no mine, palladium isn't a real metal, and the NOMAD is in on it". I can therefore completely understand peoples anger and frustration when this is all we see everyday.

Just my take on the board.

TrickyDickyTwo,

1.8m troy oz = 2m 'regular' oz. Slightly different units of measurement. Perhaps google "what is a troy ounce" before pretending that you're smarter than the company.

No idea how you got out of the filter bin, but you're going straight back in.

LB29: "I agree $2 billion sellout"

also LB29 2 minutes later: "Well underwater here tbh, bought most of mine at 3pish. Do you think I will ever get mu money back”

Can't even be annoyed at this one lol, too much of a muppet. Anyway, off to the bin with the rest.

Unfortunately, I can usually tell who is in the green box based on the endless stream of replies addressing them. Have to start filtering those people too. I fear I will hardly see any comments at all on here by the end of December lol

Shawny, Good point, I never really though of your view before. I always assumed the banks would be involved somehow and thought that the engagement letter hasn’t been singled because they will agree a percentage cut based on finalised sale (I.e percentage cut will be based on performance).

Either way we win! Good luck everyone!