Sandy my BB is almost totally green boxes and has been for many months makes the BBmuch more tolerable. I have bought these shares because I wanted to and I didnt need to read someone elses reasons as to why I should get rid or to tell me I needed saving from myself
I genuinely believe this suspension can only be good news and the ones who should really be worrying now are the shorters.
I have read and reread yesterdays RNS and whilst I have filtered nearly all the green bin noise I thought I would highlight three key points that I have gleaned from yesterday for discussion
1. The table is released, as additional information has been received by Eurasia. The reserves and resources are stated under the Russian classification. The reserves and resources under the JORC Code (by Wardell Armstrong International), further to those already announced for a portion of the NKT deposit, will be announced separately. In the meantime, Wardell Armstrong International has presented a draft CPR under the JORC Code and the NPV model to Eurasia for review.
Clearly the company have now got the official JORC figures for the area and have put the Russian ones up so that we can compare the figures when they are released. As the company know the figures I would suggest the JORC figures will be higher or the same as the company have made it very easy for anyone to compare the results
2. The table does not include new applications made by the Company that will be announced when the reserves and resources estimation is compiled.
Again as always the BOD are not sitting around just waiting for things to happen they have clearly got fingers in other pies which will be announced in due course
3. we continue to make good progress further to the RNS of 28 October 2021 in relation to the potential sale for which a separate update will be provided".
Until everything is signed on the dotted line then the sale can only ever be referred to as potential but it is good to see that CS is happy that we are making good progress
I am unsure why ANY genuine investor would come on a bulletin board like this and be negative about a share that they have bought with their own hard earned money. It’s like waving a flag saying ‘idiot over here, look at me I’ve been a fool and bought some shares in a crap company’
If you have done your research in a small exploration company you will know that you are investing in the potential that they may drill in a mountain of rock for that nugget of gold or in this case PGM’s.
If you believed in the company when you invested then you have no need to worry about that decision as nothing has changed except the prize is nearer than it’s ever been. The noise you hear from others on this board are from those with ulterior motives so filter their noise out and trust in your own research.
I don’t think anyone has suggested Tesla will be buying our nickel directly as per the Talon deal but it does give an indication of the value of a mine with 75kt of nickel in it which Tesla are prepared to pay $1.5bn. Therefore that gives a market indicator as to what our assets should be worth especially as we know the mining costs for ours are in the lowest quartile.
Just looking at our nickel assets we have an official audit for NKT at 305kt we await JORC’s for our other mines but they are believed to be in the region of 1945kt therefore we have over 30 times the amount of nickel that Talon has so if Tesla came knocking we might reasonably expect Tesla pay $45bn for those on a like for like basis with Talon
We also know that nickel is the hot property in metal terms and we are getting to the perfect storm stocks are falling rapidly demand is increasing rapidly and we are sat in the eye of that storm serenely waiting to see what are BOD have negotiated on our behalf
Just so people can get some scale of this it was announced that Tesla was going to source 75kt of nickel from Talon Mining for 1.5bn as per
The RNS dated 16th December 2021 confirmed that Eurasia has "Tier-1 scale: 305Kt of Nickel, 143Kt of Copper, 57 tons of PGM and Gold (11.2Moz of Platinum equivalent) have been estimated by WAI as JORC-compliant resources for an underground mining operation." thereby meaning that just in nickel value terms Eurasia should be worth $6bn
I would suggest that the BoD know exactly what the terms are regarding the sale of the assets as they must know what the cash-flow requirements are for EUA 2 and therefore they are notifying everyone that the end is close otherwise they would not be in a position to offer at least 80% as a dividend
And as night follow days share price falls loads of new accounts arrive asking inane questions
If you have invested in this company then you have done so to receive a return that will arrive when the company sells its assets or it mines them itself ether way it may take time but as the first JORC is out hghlighting assets of $10n approx with many more JORCs to come why wouldnt you wait
I am very positive about Eurasia as are all LTH’s
The reason is not dictated by the short term share price that is purely dependent on the short term actions of the MM’s. The goal for me has always been what assets in the ground do. Eurasia have access to and the value of those have only got bigger and better.
Therefore Eurasia’s success is not measured in SP but in asset sale price and that is the figure all LTH’s are waiting for and I would suggest that figure will make many people richer than they ever dreamed possible I know it will me and for that I am prepared to wait
The recent JORC on this one mine would produce a dividend of 5.5p per annum for 8 years after repaying any Initial Capital Investment for Eurasia if they were to mine it themselves.
This fact alone makes a mockery of the current share price
By my reckoning which I understand may be wrong is that if the figures are confirmed re PGM's that this mine has about $9.5bn (rounded up) in assets in it
These figues may be wrong but I have based them
Pd 36,466 kg
Pt 8,017 kg
Au 1,173 kg
Cu 114,208 tonnes
Ni 243,574 tonnes
I am also wary of new posters with 2 numbers in their moniker as so many of those have been green binned also any poster with an animal in their moniker such as Tiger Wolf Gecko Stork strange that so many of those posters seem to have a negative view of Eurasia
I know that may seem a bit conspiracy theorist of me but i have got 100s in my filter box which makes reading this BB so much more stress free as I am invested in EUA having done my own research I have got plenty of shares and nothing anyone can say will make me let go of a single one except the word of the BOD and that’s all real LTHs should wait for