Member Info for EyeGuy

lots of buys coming in

0.76 ask. come on 0.8

7% up

looking good. ready to move up

moving now

blueeee

think the bottom is in now.

Im keeping mine until much fairer value

That could be $10 million revenue next year. Plus news on mine construction.
Looking forward to seeing what happens now with the large delayed buys out in the open.
Should be a good rise now.
Gl

Well with over $2 billion of metal with finance in place, I cannot see anything but a significant rise in sp here.

Flippers flipping off. Sinosteel investing $176 million.
Target 2.5-3p

Multibagger coming. Warrants maybe. 2.5p to 3p target

Coco- hi fella. This seems the real deal. To get finance circa 7 x the mcap of the company is for me unheard of on aim.
It doesn’t happen. And this company already produce with production likely to double there.
I looked last night at the news and I think this is a no brainer from here.
Similar deposits put fair value for now at $179 million according to the independent study.
Target remains 2.5-3p

Moving now. Last top up.
That’s me done. Ave 0.78. Think this will be bagging.
Gla.

Ticked up now.
Been buying mining shares for 20 years - this is blooming good. Over $300 million of nickel credits on top of the platinum. Finance sorted. Doesn’t get much better
May have been some warrant conversions stalling it. Target 2.5-3p

Crazy drop. Maybe the 0.6p warrants explains it. With the volume though should be moving soon.
Took some more

Great news. Looking forward to the funding news now

Forward to next few sessions now. Just like OMI , it took a day or 2 to digest news.
This has been 10 years in the making and Sinosteel have got the $176 million contract to build the mine and source the debt without diluting eua to oblivion.
I cannot think of a similar situation when a company goes from a micro producer to probably mid tier in this way.
Market yet to fully react but I suspect it will soon.
Target 2.5-3p for me
Gla

Well they can now draw down $50 million from Sinosteel according to the agreement.
Funded to production.
Brilliant

Engineering Procurement Construction and Financing (EPCF) Contract

An EPCF contract to develop the mine at Monchetundra is already in place with Sinosteel, a state owned Chinese engineering group focused on mining, which was signed in October 2016 (see announcement dated 10 October 2016). The contract provides for Sinosteel to undertake the mine and processing plant construction and commissioning on a turnkey, commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel - this element of plant construction costs will remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification.

The EPCF also includes a sub contract to be awarded to Eurasia's subsidiary Terskaya Mining Company, to cover initial development work at the Loipishnune open pit. This sub-contract, in the amount of US$50m can be drawn down on award of the mining permit.

Other assets and interests.

Work continues at the Semenovsky Tailings Project, Republic of Bashkiria, where a bulk sample has recently been collected for testing at a nearby gold plant. The Company also maintains an active interest in development at the Kamushanovsky Uranium Project which has recently secured new investment. Further updates on these projects will follow when a commercial interest for Eurasia is secured.