Member Info for Jarv55

The West Kytlim asset, following considerable investment over the past number of years is considered by management to be fully capitalised and capable of sustained production at current levels for a life of mine in excess of 15 years, excluding further resources and reserves to be defined in both the West Kytlim Flanks and Typil license areas adjacent to the mining license.

A Definitive Feasibility Study (‘DFS’) for the Monchetundra project was approved by authorities in 2023. No further significant expenses are forecast for the Monchetundra project.

The NKT Project is being assessed either as a standalone mine relaunch adjacent to the Monchetundra Project or with its reserves and resources integrated with those at the Monchetundra Project for concurrent development.

Asimpleinvestor hmm let me think what is there to buy?

The NKT Project is being developed under license MUR 00950 BP.

A mine was successfully operated by Norilsk Nickel in the area, put on hold because of low IRR at a Nickel price in the region of US$2/lb versus about US$7.7/lb today1.

Following receipt of the Monchetundra Flanks exploration license in August 2020, work commenced on collation of the very significant body of historic and recent exploration and mining data available. Originally developed as early as the 1930’s, some further drilling was completed in the early 1990’s. Subsequently, further exploration programs were completed by SeveroNickel, PechengaNickel, Kolskaya Mining Metallurgical Company (Kolskaya MMC), and more recently a drilling program undertaken by Rosgeo from 2015 to 2017.

Eurasia commissioned Wardell Armstrong International to complete a JORC analysis of the principal targets on the site during 2021 leading to publication of an NKT Competent Persons Report describing the feasibility of a room and pillar mining operation based on a 93,422kt (room-and-pillar mineable ore per 2021 WAI CPR) with a total resource of Tier-1 scale: 305Kt of Nickel, 143Kt of Copper, 57 tons of PGM and Gold (11.2Moz of Platinum equivalent) - as estimated by WAI as JORC-compliant resources. 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. The study had an IRR of 47% with a payback period of 3 years.

Do the mms employ these idiots to come on here to deramp? Or are they just after a cheap entry?

GL2 are you still selling tomorrow?

I doubt all brokers will be up and running at 8.00am

Https://x.com/Jarvy55/status/1832878341009166720 poll put out please vote for a view on sentiment.

After reading a lot of telegram groups over the weekend I think we will have a roller coaster tomorrow with a lot of buyers picking up any cheapies if there are any available good luck to all the longs.

As previously announced in 2022, we took the decision to stockpile the mine product (a 'black sand' concentrate containing platinum, osmium, palladium, iridium, rhodium and gold) from West Kytlim. This has worked in our favour. Mine product stockpiled now has an approximate value of circa £5 million (net of VAT as of the date of this report and is securely stored.

An increase in value of the stockpile will occur due to high grades of Osmium that was confirmed recently on three randomly selected samples by Anserteko, an internationally certified laboratory in the course of the annual audit. West Kytlim has high grades of Iridium confirmed during exploration (2000-2015) and production (2016-2022), while high grades of Osmium are often seen in combination with high grades of Iridium.

If interest rates go lower the price of the metals go up, why would they sell all the stock now when they can essentially get a low interest loan, that would be as bad as Gordon Brown selling the Uks gold, there will eventually be a squeeze on metals prices again I don't blame them for holding onto it.

They haven't said they aren't selling cheap at all.

Lenoman you do know SpikeyJ is Jub capital right? Of course he is going to be bitter his last short nearly bankrupted him.

I don't think they would list on Moex yet. I think that would be risky with sanctions etc. Kazakhstan would be a better place to go as its middle ground for business not effected by sanctions.

"To date there has been interest, but it is clear that the Ukraine crisis continues to hang over our businesses there."

I also think the wild valuations put on here need to be tamed down even if we do get a sale I think it will be sold at a lot less than the Wardell valuation. Personally think they should wait for the elections and see who gets in.

The point is Spikey if they did not sell the only shares they have at the moment are at 22.5p so they have a lot of reasons to hold. We don't know of course.

Spikey I do think there is one thing you are missing here.

Tanvier Malik, Founder and Partner of Sanderson commented: "Sanderson enjoys a strong relationship with Eurasia and has been supporting Eurasia over the long term from funding first production in 2016 to the most recent participation in a capital market transaction in 2020 at 22.5p. We are pleased to help Eurasia achieve its goals in the near future and we are delighted with the continued support and belief held by the Directors and major shareholders contributing alongside us, as our interests continue to be aligned with the Company".

Sanderson took part in the placing in August 2020 so their average must be high.

MRYfronts the only conclusion you can take from that is the mine is not under maintenance only Now I get they are trying to avoid sanctions but it is time they were truthful with investors. Have you seen the equipment they have there that is booked in the accounts. They even have a wash plant.

Spikey you are right apologies speed reading

The Trade Finance Loan may be drawn down on the following basis: £250,000 immediately; £750,000 on or around 24 September 2024; £500,000 following the Company listing its shares on an additional Recognised Exchange; and the balance of the Loan (being tranches 4 and 5) subject to the Company entering into a term sheet to sell its Russian assets and signing a share purchase agreement relating to such a sale (of which there can be no guarantee).

Spikey I think its quite a good deal as far as trade finance goes no Vwap with an average of 15 days to drive the price down, yes they will flip their fees they they would be stupid not to with a conversion price of 2.3p. But the bulk of the loan is at 2.7p Warrants at 4p.

Agm should get announced soon along with the interims.

It is going to be Funday Monday. Intial dip which I expect bottom fishers will buy. It is interesting that Russian managment could be looking at this so my guess is DS and Chinese buy on the cheap. Sanderson got cheap shares they could of waited another couple of months before doing this so maybe they want that dual listing quickly. They have cash now for the next 12 months. £323k coming in from Vat a posible extra £1.3k from another transaction. £5mill worth of sand. The £1.5mill of the loan can't be converted unless they get a binding sale. Now why would they do that. Cs putting his shares up for colateral is that risky? Good to see bod deferring wages.

Mms want to play today