Member Info for DimitryReacts

TF.... lol

Truth and Wolfe should get together I think. They make a lovely couple. Who would be the most toxic though? Two narcissists living together? Oh my....

Trust him. It says "Truth" in his name.

I believe.

Hmm I would argue that it is better to filter Neil777 - He is in a chat group I am in admitting to pump & dumping.

This is why you never listen to Neil_777

He told everyone to sell whilst he was pumping it in another chat room I am in. Very dodgy bloke. Avoid at all costs.

Don't worry Mr Wolfe, I'm not going anywhere and will be here daily, Cheshire boy.

I am not invested but I wish to spend my life on a share BB to save my fellow human shareholders from certain disaster because I am such a kind hearted person. Yah.

I would like to remind you that the value of a company can come from many different sources, including assets that are not yet developed or mined. The company's exploration and development efforts may lead to the discovery of valuable resources, which would increase the company's overall value, I.E, Poaz, MT, Nyud etc.

But thank you, I am sure all shareholders take value from your comments.

Neil,

Who cares? Unless you are trading it, then it's a firm hold from those that are not, unless of course, there is a cash call. It makes no odds to be 2p, 1p, or 35p. You can't influence any investors here.

Aubery,

Agreed, that's always a blight at the moment.

Ah, the age-old question of where the money has gone. My dear friend, let me assure you that it has been put to good use, like a master chef carefully seasoning a gourmet meal. The financial reports speak for themselves, like a beautiful symphony of numbers and ratios. And as for those who sold out at a loss and now harbor ill feelings towards the company, well, I suppose they must be sour grapes in comparison. But as we all know, facts are like a fine wine, they only get better with age, while bitterness is like spoiled milk, it's best left behind, I would suggest that is enough reason why "I’m not commenting on where it’s gone".

TF,

Why don't you highlight how we have gone from $35m to $4m? Or do you think they just thrown the cash away? It's obvious to everyone on this forum your agenda, but it always bemuses me that you people seem to believe we cannot see through it. Very odd behaviour.

Going through the data available from the HCW report, NKT alone is going to be very profitable. The gross profit for the Monchetundra project is projected to be over $80 million in the first year and increasing to over $172 million by the fifth year. However, it should be noted that this profitability is dependent on the accuracy of the assumptions made in the report, such as the projected prices of the metals, throughput, and operating costs. Additionally, the present value of the operating cash flow is negative in the first year, but positive in the following years. The total PV of cash flow per share is $0.19. Based on these figures, the project is expected to generate a positive return for shareholders over the long term. It is also important to note that the capital expenditure for the project is substantial, reaching $60 million in the first year and $10 million in the following years. Can't seem to post tables here as it skews everything.

TD, Do you have the operating costs & capital costs for WK?

Hi TD,

I have read what you have put, and your statement is not accurate. The data provided does not include information on the grade or concentration of raw platinum in the ore, and therefore it is not possible to determine the amount of value that would be extracted per tonne processed. Additionally, the percentage purity of raw platinum and the percentage of that attributed to Eurasia are not specified in the data provided. Therefore, it is not possible to determine the value of extracted raw platinum using your information.

From my own notes based on WAI report 2021, it appears that the inferred resources of the West Kytlim mine contain significant amounts of Palladium (Pd), Platinum (Pt), Gold (Au), Copper (Cu) and Nickel (Ni). The estimated total mineral resource, after taking into account dilution and losses, is 93,422 Kt. The estimated grade of Pd is 0.39 g/t, Pt is 0.09 g/t, Au is 0.01 g/t, Cu is 0.12 % and Ni is 0.26 %.

In terms of processing and smelting, the estimated recoveries for Pd, Pt, Au, Cu and Ni are 98%, 76%, 91%, 94% and 86% respectively. The estimated payable content for Pd, Pt, and Au is 93%, 93% and 92% respectively. The refining charges for Pd, Pt and Au are $0.7, $1.48, and $1.47 respectively.

The estimated operating costs for underground ore mining, processing, general and administrative costs, fees for closure and reclamation, and mineral extraction tax (royalty) are $13.4/t ore, $7.7/t ore, $10,000 pa, $0.25/t ore and $241,158 respectively. The estimated total operating costs is $25.11/t ore and $2,345,714.

The estimated capital costs for underground mining, processing, general infrastructure, engineering, procurement, and construction management, and contingency are $257,672, $220,000, $15,000, $22,000 and $98,534 respectively. The estimated total initial capital requirements is $613,206. The estimated mining underground sustaining capital expenditure, processing sustaining capital expenditure, and infrastructure sustaining capital expenditure are $154,603, $30,800 and $2,100 respectively.

The estimated total project capital expenditure is $800,709, and the prices are based on todays SPOT, as have been updated, and therefore it appears that the inferred resources of the West Kytlim mine have the potential to be sustainable and profitable.

Although It is important to note that inferred resources are considered to be less reliable than measured and indicated resources and that additional work is required to upgrade their classification.

The drilling data from Eurasia Mining's West Kytlim mine is giving us a good idea of the mineral deposits present in the area. According to the data from the interims, the drill lines 21 and 25 have found some promising levels of Raw Platinum (which is made up of Platinum, Iridium, Palladium, Rhodium, and Gold) in sedimentary layers of Quaternary and Neogene. For example, drill line 21 had a width of 20 meters and a grade of 235 mg/m3 of Raw Platinum within Quaternary sediment, while drill line 25 had a width of 80 meters and a grade of 192 mg/m3 of Raw Platinum within Neogene sediment.

The provisional placer deposits contoured at C2 drilling density also show that there is potential for high-grade mineral deposits in the area. For instance, drill line 24 had an average length of 0.6 meters, a width of 110 meters, and a grade of 284 mg/m3 of Raw Platinum within Quaternary sediments. Similarly, when drill line 40 is restated at a higher cut-off grade, it shows an average length of 0.9 meters, a width of 80 meters, and a grade of 310 mg/m3 of Raw Platinum within Quaternary sediments.

It's worth noting that the drilling density used in this program is the Russian standard C1 and C2 as defined in Russian industry mineral reporting. Additionally, all drilling has been done with a drilling diameter of 20cm. From this data, it seems that the West Kytlim mine holds a lot of potential for extracting high-grade Raw Platinum deposits.

Will send my notes from MT, "shortly".

That was to Truth by the way, not you Layla

Amazing and detailed response, you just highlighted to all on the forum you have no clue.

For added balance, one of the negatives that can be observed from the report is that the company has reported a loss before tax of £3,138,521 for the period ending December 31, 2021 and a loss before tax of £1,465,922 for the period ending June 30, 2021, which suggests that the company's financial performance was not as strong in these periods compared to the period ending June 30, 2022.

Additionally, The company reported an administrative costs of £1,257,924 for the period ending June 30, 2022, which is an increase of £30,841 compared to the administrative costs of £2,717,765 for the period ending December 31, 2021. This suggests that the company's expenses increased during the period.

Another negative aspect is that the company did not report any other gains for the period ending December 31, 2021 and June 30, 2021, which means that the company did not have any additional sources of income during those periods.

Lastly, the company reported other losses of £1,024,892 for the period ending June 30, 2022, which is an increase of £959,642 compared to the other losses of £65,250 for the period ending December 31, 2021. This means that the company incurred additional expenses during that period.

So whilst the report indicates a strong performance for the company, it also highlights some negative aspects, such as losses before tax in the previous periods, an increase in administrative costs, lack of other gains in the previous periods, and other losses in the period ending June 30, 2022. There isn't much more to take away from the RNS Report, overall we are in a strong position.

So as we can see, the above indicates a strong performance for the company as it has reported a significant increase in sales, gross profit and profit before tax compared to the previous periods. Additionally, the report shows an improvement in profit/(loss) for the period and basic and diluted profit/(loss) (pence per share) which are key indicators of the company's financial performance. Furthermore, the company has reported a decrease in cost of sales and administrative costs which results in better profitability of the company. All in all, the report is showing a positive trend in the financial performance of the company which is a good sign for the future. Deramper's won't ike this.

The financial report for the period ending June 30, 2022 (unaudited) indicates a strong performance for the company, with a profit before tax of £3,852,078. This is a significant improvement compared to the loss before tax of £3,138,521 for the period ending December 31, 2021 (audited) and the loss before tax of £1,465,922 for the period ending June 30, 2021 (unaudited).

The company reported sales of £4,101,836 for the period ending June 30, 2022, which is an increase of £3,675,261 compared to the sales of £2,331,225 for the period ending December 31, 2021 and an increase of £3,676,871 compared to the sales of £425,965 for the period ending June 30, 2021.

The cost of sales for the period ending June 30, 2022 was £36,197, which is a decrease of £2,620,883 compared to the cost of sales of £2,584,680 for the period ending December 31, 2021 and a decrease of £666,651 compared to the cost of sales of £665,448 for the period ending June 30, 2021.

The gross profit for the period ending June 30, 2022 was £65,639, which is an increase of £318,094 compared to the gross loss of £253,455 for the period ending December 31, 2021 and an increase of £480,966 compared to the gross loss of £239,483 for the period ending June 30, 2021.

The administrative costs for the period ending June 30, 2022 were £1,257,924, which is an increase of £30,841 compared to the administrative costs of £2,717,765 for the period ending December 31, 2021, but a decrease of £11,975 compared to the administrative costs of £1,197,899 for the period ending June 30, 2021.

The investment income for the period ending June 30, 2022 was £10,070, which is an increase of £9,576 compared to the investment income of £1,394 for the period ending December 31, 2021 and an increase of £9,559 compared to the investment income of £511 for the period ending June 30, 2021.

The finance costs for the period ending June 30, 2022 were £49,717, which is an increase of £46,272 compared to the finance costs of £103,445 for the period ending December 31, 2021 but a decrease of £3,427 compared to the finance costs of £53,144 for the period ending June 30, 2021.

The other gains for the period ending June 30, 2022 were £6,108,902. The company did not report any other gains for the period ending December 31, 2021 and June 30, 2021. The other losses for the period ending June 30, 2022 were £1,024,892, which is an increase of £959,642 compared to the other losses of £65,250 for the period ending December 31, 2021.

The profit/(loss) for the period attributable to equity holders of the parent for the period ending June 30, 2022 was £2,556,416, which is an increase of £5,466,595 compared to the loss of £2,910,479 for the period ending December 31, 2021 and an increase of £5,907,543 compared to the loss of £1,351,127 for the period ending June 30, 2021.

The basic and diluted profit/(loss) (pence per share) for the period ending June 30, 2022 was £0.09, which is an improvement compared to the loss o