Member Info for Krayl49

As a mathematician I get really annoyed about an estimate of 28.20p, later updated to 28.58p. They are specifying an estimate to 4 significant figures when they are unsure of the first. The sensible approach would be to say they expect a price of around 25 to 35p.

Back in the day I did lots of calculations on how much the reserves could be worth, though mainly for Monchetundra – West Kytlim was regarded as the boring one that was providing the everyday income.

So let’s look at the figures we have from this new (rather surprising) RNS. I will try some basic analysis, I am sure others will be able to improve on this.

The production is now up to 700kg, compared to a projected 64,000 ounces per year (typically mixed units designed to confuse). There are 32.15 Troy ounces in a kg. (A Troy oz is about 10% bigger than a regular oz). What this actually means is that production is now running at 35% of the planned.

How much is each ounce worth? Current prices are:

Gold £2477

Palladium £920

Platinum £1000

Rare earths – considerably more

I don’t know the split between them but let’s guess at an average of £1300 and with an extraction cost of $300 - $400 I am going to use a convenient £1000/oz as the value.

Current production yields £22.5M per year, or earnings per share of 0.75p

Projected production yields £64M per year, or earnings per share of 2.1p

I don’t know what p/e ratio should be used but I guess that a share price of 5p would be covered by just the current West Kytlim earnings, without taking into account all the other assets and the future developments.

Looks like a stonking investment!

Roverari - the 2.1p eps was the estimate at full capacity - still good though!

Back in the day I did lots of calculations on how much the reserves could be worth, though mainly for Monchetundra – West Kytlim was regarded as the boring one that was providing the everyday income.

So let’s look at the figures we have from this new (rather surprising) RNS. I will try some basic analysis, I am sure others will be able to improve on this.

The production is now up to 700kg, compared to a projected 64,000 ounces per year (typically mixed units designed to confuse). There are 32.15 Troy ounces in a kg. (A Troy oz is about 10% bigger than a regular oz). What this actually means is that production is now running at 35% of the planned.

How much is each ounce worth? Current prices are:

Gold £2477

Palladium £920

Platinum £1000

Rare earths – considerably more

I don’t know the split between them but let’s guess at an average of £1300 and with an extraction cost of $300 - $400 I am going to use a convenient £1000/oz as the value.

Current production yields £22.5M per year, or earnings per share of 0.75p

Projected production yields £64M per year, or earnings per share of 2.1p

I don’t know what p/e ratio should be used but I guess that the current share price of 5p would be covered by just the current West Kytlim earnings, without taking into account all the other assets and the future developments. Looks like a stonking investment!

Sorry posted on wrong board!

Back in the day I did lots of calculations on how much the reserves could be worth, though mainly for Monchetundra – West Kytlim was regarded as the boring one that was providing the everyday income.

So let’s look at the figures we have from this new (rather surprising) RNS. I will try some basic analysis, I am sure others will be able to improve on this.

The production is now up to 700kg, compared to a projected 64,000 ounces per year (typically mixed units designed to confuse). There are 32.15 Troy ounces in a kg. (A Troy oz is about 10% bigger than a regular oz). What this actually means is that production is now running at 35% of the planned.

How much is each ounce worth? Current prices are:

Gold £2477

Palladium £920

Platinum £1000

Rare earths – considerably more

I don’t know the split between them but let’s guess at an average of £1300 and with an extraction cost of $300 - $400 I am going to use a convenient £1000/oz as the value.

Current production yields £22.5M per year, or earnings per share of 0.75p

Projected production yields £64M per year, or earnings per share of 2.1p

I don’t know what p/e ratio should be used but I guess that the current share price of 5p would be covered by just the current West Kytlim earnings, without taking into account all the other assets and the future developments. Looks like a stonking investment!

The missing bit is www then

.research-tree.com

the link is

https://*********************/companies/uk/industrial-metals-nonferrous/eurasia-mining-plc/research/oak-securities/euraisa-mining-initiation-of-coverage/61a63367-d422-4a6a-8040-7605e7c2a54a

I have a 36 page document from Oak Securities initiating their coverage of EUA in which they give a target price of 27.34p. I cannot find a link to be able to put this online.

In the old days, when they were mining, they did provide all the figures for extraction - and they were encouraging low.

Read the article - this is real news.

Yes I remember the charity guess - think I put in 120p and thought it was quite conservative at the time!

I also have shares with Barclays - but I see no way of voting with them either.

How do I get a vote for the AGM? My shares are with III but there is no Corporate Action on there to respond to.

I am a long term holder who has made money here (but nothing like as much as I should have).

I was very pleased to see this morning that we started to have posts actually about EUA - but we seem to be getting back to trading personal insults. Is this necessary?

Nornickel seems to be an obvious buyer - being Russian it will have no problems doing so. At the end of each RNS there used to be the following...

"the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula"

so I wonder was had happed since.

I am a long term (large) holder who has taken a decent profit in the past, and but for Mr Putin and my own pig-headed optimism could have taken a massive profit.

In the old days we spent a lot of time working out what the sale price could be, and maybe we are in that situation again, though obviously not so bullish.

The Annual Report talks about 11.2Moz Pt equivalent in Monchetundra, and Pt is currently £707 per oz. Making various sensible assumptions this implies the previous share price in the range 20-40p is attainable again.

Given the committment of our Chairman, which many on here have previously questioned, I am seriously considering increasing my holding.

Back down to 4.8p

Now quoted 6.5/6.8p

Interesting - I have just bought £10k but it is not shown in the Share Trades. Had to buy at best - could not get a quote & deal for even £2k.

(Sorry if this means the price now goes down!)

Again, the rise in SP is not justified by the very small volume of trades. Something is propelling this upwards. I have a decent holding but minded to increase.