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Great interview for me. Took some just over 2.3p. Brilliant

Brilliant . Absolutely brilliant

4p ask now. Wonder if some big players are buying in the open market. Seems that way

3.8 ask now

Ha ha. It doesn’t. U r making it up. Rns said no placings

3.4p buys

Agree. Much more to go. Even without news I think this will do double digits. From podcast:

VOX: Yes. We have seen recent palladium acquisitions namely Stillwater for almost US$2 bn by Sibanye in 2017 and North American Palladium for approximately CAD$1 bn by Impala Platinum earlier this month. Are you benchmarking your valuation against these deals?

AC: Yes. And also you should not forget Kevitsa project sold for over 700 million US dollars in cash and Sukhanko project sold for a significant cash consideration and an additional 2% net smelter royalty over the life of a the entire project. And mind you, Sukhanko is far behind our MT/Kola in their development schedule. You can find more details on these projects in the Optiva’s research on Eurasia of last year. These two projects are just several hours drive from our MT/Kola mines.

$500 million is a guesstimate for 2 mill oz NPV.
This has 15 million oz stated with license extensions for between 40 and 50 million oz according to the podcast.
How much NPV would that be worth?

Also with looking at the NPV which is based on the 2 million oz. it was stated at $240 million and he said on the podcast that palladium has risen more than 70% but that translates to a much bigger NPV. So possibly talking say $500 million NPV for 2 million oz. so what about 15 million oz or even 40-50 million oz? When you think of it like that even 20p per share is cheap

Not forgetting “large strategic investors” could well be accumulating shares at this level further forcing the price up.

Jafflong- I know that but nothing has changed in a day and folks want to see the transcript as to what is happening. And some haven’t read / heard that one. That’s good enough for me

I’m staying in personally. Can’t see any downside from here particularly when benchmarked against companies upto $2 billion in value- (vs £79 mill mcap). It should keep going from here.

I’ve posted the transcript below for folks to draw their own conclusions. I would say this could go from anything between $500 million and $2 billion. It sounds as though multiple parties have shown an interest already.

VOX: Right. And how do you value your projects taking into account all these deals happening in the PGM space?

AC: We are benchmarking ourselves against these deals in the first instance. You can also refer to the same Optiva’s research on Eurasia, where on the basis of our feasibility study, the NPV was stated at over 240 million US dollars. And mind you, this research was done at the palladium price around 1,000 US dollars per ounce. Now the palladium price is over 1,700 US dollars per ounce. That’s big change for us because the whole price increase of 700 US dollars per ounce goes straight to our profits. Thus, the NPV goes up not by 70%, but much higher.



VOX: What would you say about the share price more than doubling yesterday from 0.48p to over 1p?

AC: This is just the beginning. Smart investors can benchmark our NPV and the recent deals in the PGM space to our enlarged resources of up to 15 million ounces of palladium.

VOX: At MT/Kola project you have upgraded your potential resources from 2moz to 15moz of palladium including the flanks. What does it mean for Eurasia?

AC: It means that our value potential has been upgraded to a completely different league of major palladium companies. And we believe that 15 million ounces of palladium is just the beginning. We are looking at several other licenses at Kola with over 40 million ounces of palladium in total. Having said that, already with up to 15 million ounces of palladium we are an extremely attractive to large strategic investors.



VOX: Yes. We have seen recent palladium acquisitions namely Stillwater for almost US$2 bn by Sibanye in 2017 and North American Palladium for approximately CAD$1 bn by Impala Platinum earlier this month. Are you benchmarking your valuation against these deals?

AC: Yes. And also you should not forget Kevitsa project sold for over 700 million US dollars in cash and Sukhanko project sold for a significant cash consideration and an additional 2% net smelter royalty over the life of a the entire project. And mind you, Sukhanko is far behind our MT/Kola in their development schedule. You can find more details on these projects in the Optiva’s research on Eurasia of last year. These two projects are just several hours drive from our MT/Kola mines.

VOX: Who are Eurasia’s contacts with CITIC and VTB?

AC: In CITIC, we are sponsored on the very top level by the Chairman of CITIC Merchant, the investment and merchant banking arm of CITIC, as well as by his advisor, who used to be the CEO of Gazprombank, Asia Pacific. In VTB, we are supported by the top people as well, whom we worked on multiple transactions previously. Both banks are the best you can possibly get to market and sell Russian mining companies.



VOX: I know you cannot mention the names, but are you in talks with just one or several strategic investors now?

AC: It has been always my habit to talk to multiple strategic investors to make sure a good deal can be negotiated. This is one of the key lessons I learnt very well working for bulge bracket investment banks selling Russian companies.

VOX: Alexei, could you please introduce yourself?

AC: Currently, I am a strategic advisor to the board of Eurasia and my main experience is coming from Goldman Sachs and Morgan Stanley, where I have been involved in a number of M&A deals selling Russian mining companies to investors from all over the world.



VOX: Why have you chosen CITIC and VTB to work with Eurasia?

AC: CITIC and VTB Capital are the largest investment banks in China and Russia, respectively, and they have the biggest investor reach, not only in China and Russia, but also in the rest of the world, when it comes to marketing Russian mining companies.

The actual link has been cut out but if you crop the wording and out it into google, the transcript is the top one.

The transcript is here. It’s really worth reading because he is basically telling us the same price will be up there with the others. And that could well be a work bagger from here
****************************/articles/eco-atlantic-oil-gas-safestay-and-eurasia-mining-8da333b/

Should do the same again tomorrow. Listened to the v0x podcast again. It insinuated that AC already has multiple strategic investors lined up (listen yourselves to draw own conclusions) and the benchmark price is what is discussed. Talking $500 million plus. But it’s is also clear that this is possibly the last one of its kind and the upside blows some of the others out of the water. Could well do another 70% tomorrow