Member Info for Folio

Don't know why they are so uptight about the link .

Plural of market

Anyway good piece of Journalism with one spelling mistake lol - and yes none are financial advice .......

Follow it through this twitter link they don't like V**
https://twitter.com/GMF782/status/1412099211408166912?s=20

Bump

Extract Proactive Investors On 26 March 2021, Eurasia signed a binding agreement to create a joint venture with Rosgeo in which Eurasia will own a 75% equity stake in nine platinum group metal and battery metals assets, four of which are post the Russian feasibility study stage, and which have state approved reserves.

The joint venture projects have a total of 104.6mln ounces of platinum equivalent Russian Code reserves and resources in the immediate vicinity of the company's Monchetundra project in the Kola Peninsula.

The first joint venture company, Monchegorskoe LLC, was created to hold the licence for the Nyud open pit PGM and battery metals deposit.

Eurasia's 100% subsidiary Yuksporskaya Mining Company (YGK) has now signed a notarised agreement with Rosgeo pursuant to which YGK will become a 75% shareholder in Monchegorskoe after the licence for Nyud is transferred from Rosgeo to Monchegorskoe.

Eurasia, through YGK, will also have a right to acquire Rosgeo's 25% shareholding in Monchegorskoe upon the completion of a JORC Code compliant competent persons report on Nyud.

"We are enthusiastic to create a globally significant PGM and battery metals company with our partner Rosgeo, a large internationally diversified company,” said James Nieuwenhuys, chief executive of Eurasia Mining." Worth $100Billion plus UBS and DLA PIPER sorting it out.

Cash Rich no debt - no placing

Strange some cannot see that ....

From VM .Talking to Justin Waite....".oh, you wanna Eurasia Mining ? , what's happening there ...

John Meyer (NOMAD ). - Yes definitely worth mentioning. They are, they have now exited what's called the Formal Sales Process , so we are able to say a little bit more than a couple of weeks ago.
Erm ..they have issued some new shares in the uS, $20m to a major institution and they also talk about the joint venture with ROSGEO - Russian government organisation that holds a lot of mineral licences (75% interest) which gives access to ppm resources in the Kola Peninsula.

They've already got a lot of PGMs in Russia and they have Mochetundra hard rock project which they already have a bit of a deal on. So there's lots going on there and they've got interest in the portfolio ...so what we expect to see here is someone coming in to do a deal either acquiring or joint venturing a lot of the assets in the portfolio .

I suspect that will result in cash payment and a "massive" dividend to the investors ....not sure if I should use the word massive.....but I would expect it would be pretty large otherwise I don't think they would do a deal. Cos , they're in a pretty good place with platinum and palladium prices at very very high levels .
Yeah I think there is value in there and they should be able to turn those projects into ... well certainly work with some people other people to create value on these projects "

Friday Double EUA anniversary .........Listed 25 years ago, and 12 months on Friday came out of suspension ......nice day for a whopper RNS ........

Bump

Well go back to 4/12/2019 and the RNS then point to a lot more Consent for release

Christian Schaffalitzky, FIMMM, PGeo, CEng, is a director of the Company. He has reviewed the update and consents to/approves the inclusion of the information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.

Further detail.

To summarise, according to the Russian Cadastre, there are potential resources within the existing Company licence and the flanks application of c.15M oz; additional potential resources within 5km of the Monchetundra Mining license of c.7M oz and total potential resources within the wider Monchegorsk district, according to the Russian Cadastre, of c.40M oz of PGMs.

The total potential resources in the Russian Cadastre breaks down as:

-- c.15M oz of PGM within the Flanks application for which the Company has exclusive rights, and inclusive of the Company's c.2M oz reserve and resource (A below).

-- c.4M oz (in addition to the above c.15M oz of PGM also within 5Km) neighbouring the Monchetundra Project and within 5Km (B).

The total amount potentially controlled by Eurasia and under flanks exclusivity right application is c.15M oz of PGM as per the Russian cadastre of state resources; although this data has not yet been independently verified by Eurasia.

-- Further potential resources of c. 21Moz in established and unlicensed resources and reserves in the district surrounding the town of Monchegorsk, that is located 8Km from Monchetundra (C).

( ) Within the Flanks application submitted by Eurasia 80% owned subsidiary Terskaya Mining Company in September 2019:

1. Potential Pd and PGM resources of c.13.1t (421k oz) (as per State Cadastre of Deposits, No. 18 on Murmansk Geological Information Archive Reference Note of 07.03.2019) " It's Massive on the Massif.......

The full article can be seen via Twitter through these links -https://twitter.com/GMF782/status/1412099211408166912?s=20

"The Rosgeo JV...(for those that want to be clear as to the start)

Quoting directly from Zak Mir Traders Cafe - last part of article - ... The Rosgeo JV

The most significant of these has been the joint venture with Rosgeo, the largest geological holding in the Russian Federation operating globally with clients/partners such as BP and British Gas. This is something which one should take time to sink in. We are talking with former minnow Eurasia working alongside one of the major mining entities, and owning 75% of nine PGM and battery metal assets. Clearly, for the naysayers, a company doing business with the Russian state has implied validation and valuation, not only in terms of who it is, but also the assets it owns. As for these additional assets, Vladimir Ivanchenko, the head of geology for Rosgeo North-West region in his recent interview after the JV was concluded this year put forward the number of over $100b in in-situ value.

West Kytlim

Speaking of the powers that be in Russia, developments at Eurasia’s West Kytlim Project, not only show off the company’s good relationship with the authorities, but also that it is not only the strategic side of the business which is it working on. As far as boots on the ground and the picks and shovels, the Technical Project at West Kytlim was approved with permission for three plants this year as opposed to just one in the previous years. This could be the kick starter for the 64,000 oz production target of the platinum, palladium, iridium and rhodium basket.

Transformational Change

It can be seen that the past year and a half have been transformational for Eurasia Mining. This is in terms of the market cap, the spread of its projects, their value and the prospect for a decent asset sale followed by a heft dividend payout. The big plus point of its strong cash position of $23m and zero debt is that should further projects appear, or existing ones need investment, the company has the financial firepower to execute. The only disappointment perhaps is that more in the market do not appreciate the achievements here. But perhaps without the doubters Eurasia would not be the world class player that it is now." Cash - Zero Debt.....

.....

From the last issue of the World Platinum Council (Handy that we have loads of it) Physical investment demand for platinum has continued to grow strongly in 2021, following the record uptake seen in 2020. As outlined in our December 2020 Platinum Perspectives, WPIC sees physical platinum investment as an essential element of demand and key in price discovery. More investors are owning physically backed platinum ETFs as a result of expectations of positive supply demand fundamentals, including the impact of investment demand itself, in sustaining growing market deficits.
Platinum’s considerable industrial demand exposure to global economic recovery, plus the widening market acceptance of material demand growth from platinum for palladium substitution with new conservative public estimates of at least 1.5 moz of additional annual platinum demand by 2024, have created a strong thematic rationale for investment. Indeed, in Europe and North America alone, physical platinum ETFs have added almost 960 koz to holdings since the start of last year, effectively amplifying the impact of positive market fundamentals.
Our current Platinum Quarterly forecasts net physical investment demand of 726 koz this year, 250 koz ETF demand and 436 koz from bar and coin. The strength of both retail and institutional investor demand, in particular from North America and Europe, suggests upside risk in this 2021 forecast. Indeed, this current bar and coin forecast does not include the additional, unscheduled 40 koz of platinum eagles produced by the US Mint in MayFurther price support is, we believe, coming from the Chinese automotive sector. Higher heavy-duty (HD) diesel loadings, higher than previously expected HD production volumes (see Fig.4), plus platinum for palladium substitution in gasoline LV, is driving higher volumes of Chinese automotive sector spot platinum buying. We believe this effect has already been material in supporting platinum prices in the $1,100 - $1,200/oz range seen for much of this year, reducing the price impact of changes in futures positioning.
Platinum has outperformed gold so far in 2021, but has however lagged other global-recovery-exposed industrial metals. Platinum’s delayed response to global recovery presents a significant investor opportunity, with the combination of Chinese spot buying and strong physical investment demand driving a likely revaluation."

Roger simple typo imo ....Frase / Phrase ....

............

transformational year - Great Tweet here by MuesliBrown - a transformational year for the #mining minnow now at the centre of a new 'Bushveld' style #pgms complex, joined at the hip thru JV with Flag of Russia state backed #Rosgeo and looking at its first of many massive asset sales. #StocksToWatch #Stocks" - Full tweet here -https://twitter.com/iMuesliBrown/status/1412104825664385026

Bump ...

Bump again