Member Info for mac4671

SteJSteJ, you have the already given underground NKT aspect to add straight to that, and then the unknowns of NKT open pit/s and NYUD.

There is only upside to be had in any asset sale environment imho

GLA

Indeed, and project financing is covered by the Sinosteel EPCF package, it's a ready to go asset. Buyer pays his money once he is satisfied that the project is financially viable and construction begins, all paperwork and studies are already in place for them to do so.

Although long, it could not have been done any better way tbh.

GLA

You're not buying the assets, so, you don't need to do a discounted cash flow valuation in order to be satisfied that what you are buying is financially viable, only the buyer of the assets needs to do that ;)

GLA

JamesB1,

Yes, but, the buyer does, do you understand? lol

Hence NDA's. . .

GLA

"Sale or Fire Sale, BOD first needs to publish DFS to spice up the market" - Incorrect, DFS for both main assets is needed to do the most accurate discounted cash flow valuation. It tells any buyer if an asset is financially viable or not, stopping them from purchasing a red herring so to speak -

"THE DEFINITIVE FEASIBILITY STUDY (DFS)

The question ‘To mine or not to mine?’ is resolved at this stage.

By now all processing parameters have been through detailed and accurate metallurgical test-work has occurred.

While inevitably some will be assumed, these are usually realistic because they are dependant on all mining, processing and other considerations taken at and before this point.

As an example, Arafura Resources’ (ASX: ARU) Definitive Feasibility Study for its Nolans project in the Northern Territory forecast average annual production figures of 4,356 tonnes of Neodymium-Praseodymium oxide and and 135,808 tonnes of merchant grade phosphoric acid.

The mine’s life will be 23 years and average annual pre-tax earnings at A$377 million EBITDA, although the project would require just over $1 billion in capital and up to 650 employees at the peak construction phase.

The company used the study’s release to proclaim to investors, “the Project is financially and technically robust to support a long life operation”."

https://stockhead.com.au/primers/your-guide-to-mining-feasibility-studies/

GLA

I would put a wager on that this man will go with the assets to the buyer, why you ask, well, because he's an ex Rosgeo manager, so, having him at the buyers side after asset purchase of NYUD will smoothen the road for the buyer to the other Rosgeo JV assets. At the end of it all, Rosgeo will get all of the 9 assets in production at a later stage via the buyer no doubt, the area will go into production no matter what, the demand for the metals there is just far too great for it to not be the case -

"Konstantin Firstov, our CEO at Kola has been appointed the Country Manager"

GLA

They can only ever sell what they have at the time of selling, NYUD is simply the only 1 of the 9 that they currently have the entitlement to, therefore, the only Rosgeo JV asset they can sell. All real LTH's fully understand that, we've been here for years.

Have fun banging around in that bin with the rest, there's a good sport!

GLA

There is nothing misleading, you're simply trying to argue because that is your only apparent skill.

That segment will always be relevant, it is included in its entirety for full transparency, you won't understand that, but, well, substantially all of the assets are still being sold as per that original segment -

"the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets."

Now, since you're clearly just attention seeking, you may do that in the green bin with the others, good bye lol

GLA

EIE01,

They have the entitlement to 75% of NYUD as per the recent RNS, what on earth are you going on about?

It has simply been altered to fit the present geopolitical situation.

That RNS snippet is simply where it all began. You appear to struggle with what is officially communicated by the BOD via the official RNS means, that is your problem not mine.

GLA

Incorrect, you're just refusing to believe what has been given in black and white throughout the entire process to date. Most recently -

"Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that Rosendra has approved the Definitive Feasibility Study for the Monchetundra project in the Kola peninsula, northwest Russia (the "Monchetundra DFS"). In parallel, management changes have been made to reflect the Company's focus on the possible sale of its assets in Russia, including the Monchetundra project"

Since some appear to struggle with English comprehension, i'll highlight it for them -

"management changes have been made to reflect the Company's focus on the possible sale of its assets in Russia"

Should we go back to the 'pre-sale activities' quote again?

GLA

You following the yellow brick road yet, or, do you require more help? -

"DMITRY SUSCHOV

Mergers and Acquisitions Officer

Dmitry is a commodities trading veteran (primarily various grades of metallurgical and thermal coals) who has successfully built a major Pulverized Coal Injection (PCI) franchise throughout Asia, Europe and America with an annual turnover of up to $100 million, thereby accumulating around 2.5% of the global PCI market share. He is also an investment banker with extensive experience in the natural resources industry having previously worked with PricewaterhouseCoopers and Ernst&Young as mining & metals leader for CIS. Dmitry has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to a Danish natural resource fund, and the sale of a gas company to a major investment group, as well as other deals."

GLA

Remember, Dmitry is in charge of M&A, his guy is the one mentioned as being in charge of pre-sale activities -

https://goldman.digital/contact/

Both gentlemen are accustomed to working with one another!

GLA

The buyer will take NYUD as per recent RNS and inevitably get access to the rest of the area. All arranged via this man no doubt, the ex Rosgeo man brought in who is currently doing the 'Pre-Sale activities' -

"Konstantin Firstov, our CEO at Kola has been appointed the Country Manager and at West Kytlim, newly appointed CEO Vasily Kudrin is in charge of pre-sale activities. Vasily has a strong audit background with Ernst & Young and other firms in various senior roles including a partner position."

And remember, selling both assets has been mentioned from the very start when the banks arrived -

"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."

The plan never changed, it simply adapted to the geopolitical situation!

GLA

It's been there the entire time -

"As announced via RNS on 14 January 2021, Eurasia and its advisers have engaged with a wide range of parties interested in acquiring either the assets and/or the Company. The Company has more recently focused its attention, including providing due diligence access, on a limited number of potential bidders who had shown consistent interest in Eurasia and its high-quality asset base.

However, after conclusion of the joint venture with Rosgeo ("Rosgeo JV") in which Eurasia will gain a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent ("Pt eq") Russian Code reserves and resources in the immediate vicinity of the Company's Monchetundra Project on Kola (as announced on 26 March 2021), the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."

Don't waste your time responding to green boxes.

GLA

A vid about him and what he does, this is the level of the guys who are here, they don't mess around, all high level professionals -

https://youtu.be/p_SjdhXV4j8

GLA

LTH's......he's followed on Twitter by, yes you guessed it.....Lybrion -

https://youtu.be/EndQueg8YlE

GLA

Https://twitter.com/Vasily_Kudrin?ref_src=twsrc%5Etfw%7Ctwcamp%5Eembeddedtimeline%7Ctwterm%5Escreen-name%3AVasily_Kudrin%7Ctwcon%5Es1

GLA

"newly appointed CEO Vasily Kudrin is in charge of pre-sale activities. Vasily has a strong audit background with Ernst & Young and other firms in various senior roles including a partner position."

https://kudrin.vc/2022/03/16/riskaudit/

Something else for the green boxes to choke on lol

GLA

We'll start here, the snippet, the teaser, the wee little appetiser which was given to nibble on as we all wait patiently -

"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"

Both NKT and NYUD have been in production before, it is only Monchetundra which is virgin ground to ore extraction. Therefore, they know exactly what is there to the best degree of accuracy by this stage imho. It was simply a case of getting access to and then selling at the appropriate 'financially viable' stage -

"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$2-5/lb versus above US$10/lb today1."

It's exactly what any BRICS buyer is looking for right now, not only will they buy the assets they will undoubtedly get access to the remaining Rogeo JV areas in the future also. Rosgeo have done their own exploration in the area quite recently, so, where Eurasia exit the person buying will potentially gain access to the Rosgeo proposal -

"and more recently a drilling program undertaken by Rosgeo from 2015 to 2017."

They've made the decision to exit Russia -

"The Company has demonstrated a consistent approach to creating value by bringing quality projects from exploration through to mining, as well as marketing for its proposed strategic sale following the Board's decision to exit from Russia."

That leaves NYUD as the door for the buyer to move into the Rosgeo JV areas after Eurasia's departure. It's very clever how they've orchestrated it all in amongst the current geopolitical tensions.

GLA

Shhhhhhhh, don't tell them, let the green boxes carry on making a fool out of themselves.

It highlights the problem of 5 year olds being able to have access to keyboards haha

GLA