Member Info for GingerHippo

Better yet, open a short.
Go on, I dare you.............

(the above is NOT investment advice lol).

The guidance did indeed point to lower production. However, the company has since tweeted that we are back to 2000 boepd. So I think the company has sorted the issue we were having a couple of months ago and are back on track.

+15% on the first of a series of JORCs, this likely being the smallest of them is not good enough for you, Real Talk?

Me either.

We'll make a ramper out of you yet........

I would understand.

Perhaps it's worth pointing out to people that despite this morning's RNS massively derisking the investment, we are still below the price that instis were happy to pay a short while ago (not to mention the funds using MSCI a year ago...).

Any comment from TMS?
Where's he gone?

Also worth pointing out that they have given NKT a value of over $1.2Bn.

Nyud is far bigger than NKT.

So imagine what the total will be.

Watch this space.....................

Highlights:

· Tier-1 scale: 11.2Moz of Platinum equivalent have been estimated by WAI as JORC-compliant resources for an underground mining operation. ---(GH: 11.2 Moz of Pt at today’s price of $919 is $10.3Bn. Using the typical 9.5% that's about $1Bn. WAI said $1.2Bn below, meaning that they consider NKT has lower than average risk).

· Nickel is the main metal ----(GH: so we’re good for batteries as well as hydrogen).

· Although significantly lower metal recoveries have conservatively been assumed for the MRE by WAI ---(GH: for now. We’ll get more detailed info on that soon)---….

Metal recoveries remain a significant upside for the next NKT MRE update. ---(GH: there’s more news coming)

Once all the PGM assays have been completed, this data will be used for re-estimation and re-classification providing additional upside for the next NKT MRE update. ---(GH: ie there’s probably a lot more PGM there than the conservative estimate above)

· In order to further upgrade the resource Eurasia has engaged with SGS and Alex Stewart International ---(GH: as if WAI international wasn’t enough……) for primary and secondary controls of the PGM assays….

· The Competent Person's Report ("CPR") has been prepared by WAI covering the open pit part of the NKT as well as the underground part of the NKT.

A brownfield relaunch like NKT and Nyud is generally a faster and simpler process…. (GH: nice shoutout to Nyud. There’s More to come)

· The net present value ("NPV") using an 8.33% discount rate for the underground part of the NKT project is $1.2bn under the WAI price forecast and $1.7bn under spot prices.

Work on the open pit part is in progress and the NPV of that part will be announced separately. ---(GH: so NKT is worth more than $1.2Bn. How much more, we’ll find out soon. And that’s just NKT!)

· The wireframe and the block modelling of the high-grade Nickel, Copper and PGM vein part of the NKT is in progress and represents another upside to the MRE and the NPV. ---(GH: again, more info coming)

· The MRE under the JORC Code by WAI on other deposits including on Nyud ----(GH: including but not only Nyud) will be released separately. ---(GH: my guess – after we finalise transfer of ownership)

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are jubilant ---(GH: great word)--- to complete an important milestone of our first of a series ---(GH: "series" means more than two)----- of JORC mineral resource estimates….”

James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "…….our strategy remains the same: delivering on our promise to maximise the value for Eurasia shareholders". ------(GH: it’s coming)

Footnote: 23p is waaaaaaaaaaaaaaaaaay too low imo.......

https://dprom.online/mtindustry/eurasia-mining-zahodit-na-kolskij-p-v/

The enterprise of the British holding Eurasia Mining PLC , Terskaya Mining Company JSC (TGC), is launching an investment project for the development of nickel, copper and cobalt deposits in the Murmansk region. The investor has already signed a corresponding agreement with the Corporation for the Development of the Far East and the Arctic.

TGK will open-cut the Loipishnyun and West Nittis license areas. They are included in the contour of the Monchetundra field located on the Kola Peninsula. According to Rosnedra for 2017, the total reserves and resources of the project in the C1 + C2 categories are 55.9 tons of platinum and palladium.

On December 14, 2021, the press service of the KDRV reported that Tersk Mining Company JSC received the status of a resident of the territory of the Russian Arctic. The project operator has secured the comprehensive support of the state and, in particular, will now be able to receive tax preferences for the development of Monchetundra.

Investments in the development of deposits will reach 3.15 billion rubles. With the successful launch of the project, a powerful production of platinoids and base metals will appear in Russia, which are necessary for the production of electric vehicles and the development of hydrogen energy.

Earlier it was reported that Eurasia Mining PLC signed an EPC contract for the development of infrastructure facilities and the launch of the Monchetundra field with the Chinese company Sinosteel. The partner pledged to ensure the attraction of project financing in the amount of $ 150 million.

12 May 2021:
The Directors are committed to maximising the value for all the shareholders, and we are delighted to have RECEIVED A PROPOSAL FROM A CREDIBLE PARTY that could allow us to pay a SIGNIFICANT DIVIDEND to all shareholders.

We are enthusiastic to advance a potential deal.

20 May 2021:
While Eurasia and its advisers are focused on advancing our strategy as announced on 12 May 2021.

We are committed to our strategy of maximising the return for our shareholders while adding value to all our assets, including the ones within the scope of the Rosgeo JV.

15 June 2021:
All contributing to Eurasia's strong position to execute on its strategy.

26 July 2021:
As we are committed to the concurrent progress of both our operations and OUR STRATEGY as announced on 12 May 2021.

11 August 2021:
Making progress on the STRATEGIC OPTIONS that we have on the table.

The Directors are pleased that we are CONSISTENTLY DELIVERING ON OUR PROMISES.

26 August 2021:
Our JV with Rosgeo that is an integral part of our development strategy and a part of some of our STRATEGIC OPTIONS that we are developing with our advisers: UBS and DLA Piper.

1 September 2021:
our hard work on Kola…. is coming to a successful conclusion with DFS, JORC reserves as well as the EPCF contract already signed. The Board is committed to execute on THE STRATEGY as announced on 12 May 2021.

We are executing on Kola as we have done in the Urals, SUCCESSFULLY DELIVERING ON OUR PROMISES.

15 September 2021:
The Directors are delighted that we are making significant progress in all our work streams on both the operational front and ON THE STRATEGIC FRONT.

20 September 2021:
investors offered to support Eurasia's fundamentals and its STRATEGIC OPTIONS the ….. will further STRENGTHEN EURASIA'S NEGOTIATING POSITION.

16 November 2021:
AS WE CONTINUE TO SUCCESSFULLY EXECUTE ON OUR PLANS.

23 November 2021:
our priority is to execute on our strategy as announced.

The essence of the project is to explore deposits of “green” metals in the territories of the Vuruchuaivench, Yuzhno-Sopchinskiy-Arvarench, Plast 330, Nude-Moroshkove, Flanks of Monchetundra, Lukkulaiswara, Wolf Tundra, West Nittis and Loipishnyun in order to further carry out a complex of mining operations and construction of the GOK.

This could be huuuuuuuge.

https://twitter.com/R1EXG/status/1470784846691774464?s=20

Concrete floor ought to be 26.5p

"Probs absolutley nothing to do with eua."

Did you read the RNS?

It says "Mr. Schaffalitzky's decision is part of his retirement planning as he reduces his workload across his business interests."

In other words this is his first step in reducing his workload in all companies he's involved with, including EUA.

Do you think that the chairman would retire in the middle of dealing with the various proposals that have been advanced? I don't.

Wyloo has today attempted to outbid BHP to purchase Norotn Resources, in a fascainting bidding war.

https://www.reuters.com/markets/deals/bhp-ends-talks-with-wyloo-over-noront-takeover-ploughs-ahead-with-bid-2021-12-12/

Bidding so far:

May 2021 Wyloo offered $0.315 per share.
July 2021 BHP offered $0.55.
In October BHP upped it to $0.75.
In December Wyloo offered £1.1, ie more than triple what they first offered some 7 months ago.

We also know that 5 contenders fought for Santa Rita in Brazil.

Two main take-aways for me:

1) Bidding wars are happening both publicly and privately, pushing offers to multiples of what they were originally.

2) And I can't stress this enough - see the timeline above. This did not happen in a few weeks, even a few months, but 7 months from the first offer to now. DD must have started before then and we don't know how many more twists are left in the story.

We received proposals which were good enough to make us exit the FSP, just days before Wyloo's first offer for Noront. Their bidding war is not yet finished, and I suspect ours isn't either (obviously that's purely my conjecture).

Ian, the only problem with that explanation is that the poster also said they invested £7000 (ie half of £14K).

It's possible that they missed the zero off that as well, but seems unlikely that they made such a similar mistake twice. In conjunction with calling the initial investment "only" £7000. Not too many round these parts that would refer to £70K as "only".

I totally agree with the underlying point, but I wouldn't want someone to lie in order to make it.

The maths here doesn't work.

If he sold out at 1.7p for £14K, then at 34p he would have had £280K, not £2.4M.

I agree with the message, but hope this PI is not overly depressed over "what could have been" because he's done his maths wrong.

"Sure, but none of this is going to drive the sp."

Yes and no. Obviously we need news to move the sp significantly upwards, but the facts above massively derisk the investment, such that 20p makes no sense. There's huge upside and almost no downside.

I wouldn't say we know jack****. We know:
That we have 22.6Moz of PGM at MT with potential for more in the flanks.
That we have a JV with Rosgeo for 78Moz of PT eq, with the option for buy the remaining 26Moz.
That Pd is currently selling for $1780 per oz and Pt for $946 per oz.
That the buyer has completed DD.
That UBS, DLA Piper and others are advising us.
That James left his CEO position at Lesego to become our CEO.
That Dmitry et al still hold their large shareholdings.
That they are considering dual listing at some point and cannot delist from AIM without 75% shareholder approval.

We know lots of other things too, but I think I'll leave it there.

whoops. I posted that on the wrong thread.

Because substantially all assets means more than 75% of assets based on market cap, NBV or revenues, so it doesn't mean the JV will be included.

This RNS implies to me that we're keeping the JV. It seems to mention 3 separate developments:
1) we are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders.
2) We are also committed to the concurrent development of the Company in two PGM districts: in the Urals...etc
3) and in the second district of Kola, where we concluded the Rosgeo JV... etc