Member Info for del929

@Spikeyj; you’re correct I’ve no idea on cost. I have experience of working with a few mining companies though and know there’s not a chance in hell they’d pay to do any work without good reason. Do you think they just send the tea boy out to buy some milk from petty cash and say while you’re there pop into DD’s RUS and get us a couple of DD for some random Russian mines? They will have a process to follow with numerous checks, approvals, sign offs and justifications required at each stage.

@Spikeyj; do you think they’d go to the expense of completing DD if they weren’t serious?

That RNS clearly states the BOD has received offers, to try to claim otherwise is 100% wrong. Referencing another statement is completely irrelevant.

@Spikeyj;

“Since launching the Formal Sale Process on 1 July 2020, Eurasia and its advisers have engaged with a wide range of parties, and have to date received non-binding offers in respect of both a possible acquisition of the Company as well as other transaction structures.”

https://www.lse.co.uk/rns/EUA/update-on-formal-sale-process-zqs73xnos1ivldk.html

@TD2; they did attract offers and this was confirmed by CS on 22 Oct 2024. I think the point you’re trying to make is that none were presented to shareholders which is indeed true. At our level we won’t know the exact reasons for that, however I’d take a wild guess at offers too low & the start of the Ukraine war.

Why CS can't just give us the date & time now is beyond me but I’m guessing he’s hoping for news on the DFS & a peace agreement and wants to wait until the very last minute. 31st Dec will be acceptable for me.

Figures we were given for WK on 1 July 2025;

the total advanced stripping volumes stood at about four million m3 which represents 80% of the five million m3 stripping target, to produce 700kg of precious metals, based on average historical grades.

We’re nearly 6 months on from that so it’ll be interesting to see the final figures for 2025. We must be well over the 5 million m3.

How much would 700kg of metals be worth at today’s prices?

@Spikeyj; it’s weird how out of all the potential news relevant to EUA (Miami discussions, MT DFS, WK mining results, Webinar, increasing metals prices) you only seem to focus on finding a dubious post which is completely irrelevant to EUA. Your obsession with constantly trying to find anything negative with EUA is tedious. I think most people on here have sussed you out as either a fraud or very odd.

What’s next, DS has sold all his shares, Cyprus Sub has millions stashed in it, where is the Rosgeo JV $35m (yes $35m not $25m) or the EUA assets are worthless?

@Spikeyj; how is your original post relevant to EUA’s business? It’s a matter of fact why is anything to do with EUA any of your business?

@Spikeyj; if Keir Starmer asked for volunteers from the UK to go fight on the frontline would you be bold & go?

Https://news.sky.com/story/ukraine-war-latest-flights-diverted-in-moscow-after-major-drone-attack-says-russia-12541713?postid=10707249#liveblog-body

Ukraine hails real progress after US talks in Berlin

We're now hearing from the Ukrainian team after its talks with US officials Steve Witkoff and Jared Kushner.

Ukraine's top negotiator described talks with the US team in Berlin as being constructive and productive.

Rustem Umerov added that "real progress" has been achieved, and he hopes to reach an agreement "that will bring us closer to peace by the end of the day".

"The American team led by Steve Witkoff and Jared Kushner are working extremely constructively to help Ukraine find a way to a peace agreement that lasts," he wrote in a post on X.

"The Ukrainian team is enormously grateful to President Trump and his team for all efforts they are putting in."

It comes after Kyiv handed an updated peace proposal to Washington last week, consisting of 20 points instead of the initial 28-point plan Donald Trump's team had proposed.

@Dshox; you stated the below the other day;

“On this, Russian laws and regulations are defined. Approval (or otherwise) doesn't come early or late, but to a set timetable for transparency and anti corruption reasons. So 'imminent' according to CS, is unlikely to fall foul of a similar word unfortunately used in the past.”

can you please tell us what the set timetable is for these approvals because I'm positive both the WK & MT DFS’s were delayed going by what CS told us to expect at the time.

@Spikeyj; PGMs are mentioned a few times on my 19:22 post. You are aware that EUA has PGMs?

@Spikeyj; unfortunately my trip to WK, the Russian processing plant & auditors office was cancelled at the last minute. I’ve requested they send me screenshots of all document that we can use as evidence on here but so far they’ve not replied for some strange reason. How inconsiderate of them huh

@Spikeyj; can you provide your calculations, a link or evidence?

“i on the other hand don’t believe they can raise enough money that way, and so i believe they will need another placing (or conceivably another convertible loan) within the next few months”

@Spikeyj; I think the fact EUA sold the concentrate would be very obvious evidence that they can sell the concentrate! Surely even you with your blinkers on can see that. What do you want, a copy of the fecking invoice?

Seriously Spikey, your making a complete fool of yourself lately.

@Spikeyj; the TFL was taken out around Sept last year when it was clear to all invested that the BOD were struggling at the time to sell the WK concentrate and transfer funds to the UK due to sanctions & additional taxes in place.

@Spikeyj

Yes, the United States is concerned about the potential for China to leverage its influence over Platinum Group Metals (PGMs) and other critical minerals as a geopolitical tool. U.S. officials and lawmakers have explicitly voiced concern over supply chain vulnerabilities and the possibility of China using export restrictions for economic coercion.

Key Reasons for U.S. Concern

Supply Chain Vulnerability: The U.S. is heavily reliant on imports for many critical minerals, including some PGMs, and currently lacks sufficient domestic capacity for refining and processing.

National Security Implications: PGMs like palladium and platinum are essential in various military and aerospace applications, such as fighter jets and missile systems. This dependence poses a significant risk to U.S. national security should supply be disrupted.

China's Market Dominance: China processes roughly 90% of the world's rare earth ores and has a significant, though not total, role in PGM processing and trade.

Previous Export Restrictions: China has previously imposed export restrictions on other strategic materials, such as gallium and germanium, demonstrating a willingness to use its mineral dominance for leverage in trade disputes.

Economic Impact: Disruptions in PGM supplies, which are also used in catalytic converters for vehicles and in the green energy sector (hydrogen fuel cells), could impact U.S. high-tech industries and economic goals.

@Spikeyj; I believe WK are on target to mine 700kg of PGM’s this year.

My wine assisted calculations could well be miles out & happy for anyone to point out any blatant errors & correct me.

700kg = 24700 Oz (actually 24692)

700kg of Palladium (cheapest PGM) = approx $35,000,000

AISC $300-$400 per oz ($400 highest figure) = $9,880,000

Cost to refine 10-12% (12% highest figure) = $4,200,000

Total costs = $14,080,000

$35,000,000 - $14,080,000

Profit = $20,920,000 (approx)

@Spikeyj; The U.S. Geological Survey (USGS) identifies critical minerals that are crucial for the nation due to import reliance and their use in defense and high-tech manufacturing. The 2025 list includes 60 minerals, many of which are metals.

Categories of critical metals include:

Battery and EV-related metals: Such as aluminum, cobalt, lithium, manganese, nickel, and vanadium.

Rare Earth Elements: Essential for permanent magnets in EVs and wind turbines.

High-tech and Industrial metals: Including antimony, beryllium, bismuth, chromium, gallium, and others like graphite, titanium, tungsten, and zirconium.

Precious and Platinum Group Metals: Such as iridium, palladium, platinum, rhodium, ruthenium, and silver.