RE: RE: Down.5 Feb 2018 14:59
let's do some maths, based on this....
with ~1,847.85m shares in issue, 2p would constitute a market cap of 36m/37m. ~6x times of our current market cap.
was that achievable at a time of Costello's investment? I tend to say yes (without scrolling back our RNS's to that time)
is it achievable in future? I'm convinced YES. Why? we have e.g.
MONCHETUNDRA...(as per RNS 5thDEC17) "Monchetundra is a 2 million oz (reserve and resource) PGM deposit with significant gold and base metal credits. The largest component of the previously estimated in-situ metal value of $1.7 billion is contained in Palladium (See RNS 17 July 2017 or Eurasia website for a complete summary of reserves and resources). Reserves and resources have already achieved state approval and a discovery certificate previously issued for this deposit on the Kola Peninsula, Fennoscandia, North West Russia."
+
WEST KYTLIM ...(same RNS) "Eurasia holds a 75% interest in the West Kytlim (palladium, platinum, gold, iridium and rhodium) open pit mine in the Ural Mountains which, with state approved reserves totalling 81,059oz raw platinum (2,298kg), and significant resource upside, is the second largest alluvial platinum reserve in the world. This deposit of platinum group and precious metal nuggets within river sediments is being developed using alluvial mining methods which are widely considered as a lower cost alternative to the more complicated and capital intensive underground mining operations elsewhere in the world*."
Based on that, I see no point of leaving this share at these levels, esp. not when one is looking for 2p or more. Must be the reason why Costello is still around
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