Member Info for CAW1

Hi Mac, 'first mover advantage' - do you know how this works on asset sales?
If MK + Flanks and say Nyud were sold, would the new buyers also gain the first mover advantage or would say EUA2 keep it?
GLA

Interestingly there was one at about 20k that appeared later than the usual 09:30. Incidentally same time as when HL came back on board.
GLA

Back up and getting quotes
Had 1 1/2 hours of being a naysayer with HL saying no shares in my account - now that sucks!
GLA

Back in but can't get quotes
GLA

Could be a surge of trades when people can log on :)
GLA

Morning All, anyone else having issues with site?
GLA

From page 53 2020 annual report
Subsidiaries
Details of the Company’s subsidiaries at 31 December 2020 are as follows:
Name of subsidiary
Urals Alluvial Platinum Limited
ZAO Eurasia Mining Service
ZAO Kosvinsky Kamen
ZAO Terskaya Mining Company
ZAO Yuksporskaya Mining Company Eurasia Mining (UK) Limited
GLA

Hi MrY - they mention toll treatment in the first Rosgeo JV update. So is your view they will process MT and Flanks first and then use same processing plant of Nyud after MT + Flanks exhausted? If so would MT+ Flanks be bought first and Nyud thereafter or all upfront to secure all in your view?

The Additional Assets have a total of 104.6 Moz Platinum equivalent resources as at 31.12.2020 (source: Russian Feasibility Study ("FS"), TsNIGRI, Russian State Cadastre of Mines) according to the Russian standards and are comprised of:
· Four palladium, platinum, copper, nickel and cobalt open pit deposits, upon which Russian FS completed and reserves (according to the Russian standards) approved by the Russian State Committee of Reserves (GKZ).
Each of the four open pit deposits, which are located directly adjacent to Monchetundra, have already been studied by Eurasia with block modelling and open pits' optimisations performed by the Company. According to the due diligence done by Eurasia, the ores are suitable for toll treatment over distances of 5 to 8km with beneficiation and mineral processing at the proposed plant site between the Company's open pit deposits at Loipishnune and West Nittis.'
GLA

Cheers MrY
LB - From The annual report - 'with the additional potential now expanded, as described below. ' Up for interpretation I suppose
'An engineering, procurement, construction and finance (“EPCF”) agreement, which can be actioned at management’s discretion, is in place with Chinese state-owned company Sinosteel for the turn-key launch of production and provides for full financing of the development of the West Nittis and Loipishnune open pit mines. Preparatory work for these developments will be commenced during the coming months which must also provide for a longer processing life for the plant, with the additional potential now expanded, as described below. In March 2021 the Company entered into a JV with Rosgeo, a 100% Russian state-owned company, to gain a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent Russian Code reserves and resources in the immediate vicinity of the Company’s Monchetundra Project.'
GLA

LB trying to find the right part of a RNS to quote but remember reading it - yes Sinosteel and to JV
GLA

Don't know much about EPC but does this mean to trigger it they need 26.5m?
A Engineering, Procurement and Construction (EPC) contract, with an associated mine finance package has been signed with Chinese company Sinosteel. Eurasia and its contractors are making progress on the production preparation activities stipulated by the EPC as TGK's (Eurasia's 80% subsidiary) responsibilities to initiate the payments from Sinosteel to TGK under the subcontracted works for the total amount of $50m, $26.5m of which will be paid by TGK to Sinosteel, as TGK's contribution equity contribution to the EPC (the remaining $149.5m is a 10 year loan facility at 6mLIBOR + 3.5%).
GLA

Sell MT + Flanks pay dividend and use 35m + EPC to develop Nyud and Poaz
GLA

They have 35m in the bank and a transferable EPC for that
GLA

They maybe moving the Vwap but not actually affecting the actual bid/ask at the time.
Will see if anything comes out in the wash later as right on the bid 20.50 where shorts could close.
GLA

Hi Tilly - this came in before as a buy
2021-12-20T11:32:00.940 GBX 20.76 500000 103800 Off-Book AIMX P AIMX
Will keep an eye on the 1m to see if it has twins
GLA

So back to tier 1 reference
If NKT is 10% of EUA assets (as mentioned by others on Twitter and here) and all other assets are also tier 1, no reason to think not or IMO they wouldn’t be pursuing them then that’s a minimum total revenue for EUA of
>$3 to $6 billion per year
and the SP is 23p?
GLA

Not sure MrY, not plotted the coordinates personally - may attempt when back on a pc
Don’t post on Twitter so hopefully someone asks for clarification
GLA

Hi MrY, I think he has plotted map in page 32 and 33 on overview map. If you look closely you can also see grey areas for the open pit areas. Reading the WA report I think these are historic and new drill areas.
If correct points towards extension of flanks area licence being complete or near on guaranteed as why else include in report. May also explain why Rosendra returned the application for this extension 2 weeks ago.
https://mobile.twitter.com/R1EXG/status/1461259025736249357
GLA

No wonder the NKT extension licence (currently showing returned on Rosendra website) has been applied for.

Richard Dugdale
@RichardDugdale3
Just overlayed the mineralisation from the JORC report and drawn our current license for nkt in blue on the map to make it clearer just A how great the find was and B how little of our areas this covers out #eurasiamining #EUA
https://mobile.twitter.com/RichardDugdale3/status/1472599813980143621
GLA

Found this in the glossary at the bottom of the last RNS. Seems to be a generic description but shows minimums required to be a tier 1 asset.

Tier 1 Tier 1 deposits are "Company making". They are large, long life and low cost. Using long run commodity prices it generates >$300-600m pa of revenue and is in the bottom quartile of the cost curve. It has very robust economics and will be developed irrespective of where we currently are in the business cycle and whether the deposit has been fully drilled out. It is expected that project's economics will achieve >12% IRR after-tax

https://minexconsulting.com/definitions/tiers/

GLA