RE: I'm taking some screenshots8 Nov 2019 18:41
joey here - I seem to have had my account suspended for calling JAdam out<
Jadam - you sold here a few days ago.. but I tried to refer to your mondays post about being super excited about a bidding war.
But this one was my favourite!:
Adam
Posted in: EUA
Posts: 1,12Price: 2.40
Strong Buy
A reminder01 Nov 2019 15:03
- Scaling to 140,000 oz per year
- Very bottom of the cost curve - the largest alluvial pgm mine in the world, similar to open pit - no blasting just excavate
- each basket of metals is high grade 50% palladium, other metals are rodium platinum and iridium and copper nickel
- will be producing $200 million USD per year income
- 100% financed
- production permit now signed until 2038
https://www.eurasiamining.co.uk/investors/media-news/240-Eurasia%20Mining%20-%20121%20Conference%20Highlights-2019-06-05T07-00-00.000Z%20
Impala paid £500 million for a tad under 2million ounces - FACT.
The company is telling us they have a guaranteed 2Moz - FACT
So a conservative figure, for just the 2Moz gives us £500M, I say conservative as we have a little over 2Moz and we have a large reserve also of rodium valued at $5000oz. So our current our current MKT Cap is £64M, thus 500/64 = 7.8 x current sp of 2.5p gives 19.5p now thats at the conservative end.
Next we have the $50 million to come so add another 2p to the kitty for a special dividend, thus thats 21.5p and then lets look at the juicy pot.
What if they prove up only 15% of the additional 13Moz, then thats another 2Moz so add another 19.5p.
So 15% of the 13Moz adds another 20p ish thus we are definatley in my mind on for anywhere in the range of 21p - 41p.
However you look at it, unless you believe the whole thing is a scam, then at 2.5p we are being valued at between 6% for only 2Moz to 12% of our asset total value which only includes 15% of the additional 13Moz.
If the wildest figures were to include the whole 15Moz then I'll be a multi millionaire and so would a few others, assuming you didn't sell for 3p lol
And then you also mentioned how its funny all the haters come out the woodworks when the SP starts crashing LOL, ironic, right.
so are you in or out? are you invested or deramping? Or are you our savior to warn us against being conned.. because we already have our friends GaryN and Nickel for that, thanks!