Member Info for mac4671

"Anyone aware of a company with existing interests in Canada that may also be a candidate for Eurasia's assets?" - The third large ore cluster, after Africa and Russia, is on the Canadian and US border.

Global experts to get things off the ground are usually head hunted for relevant roles due to their experience and contacts.

You also have to consider that Christian himself founded a large global mining consultancy -

https://www.csaglobal.com/

These guys can practically move anywhere in the World to get what is needed in to production.

GLA

"any buyer is likely to be found in BRICS countries" - It's to keep you forever guessing who the buyer may well be, it's part of keeping things under wraps with NDA's in place. BRICS is a large area, even with Norilsk as a neighbour at monchegorsk there are still a lot of potential buyers who would and could take on the very large assets which are for sale there.

Also, when the details come out of a deal that has been reached there is still the potential for an entity to come out of nowhere and outbid any potential buyer. You need to think a bit more open minded currently due to the large clean energy revolution which has begun, it's the entire energy sector which is being transformed, it's colossal and people need to secure their supply lines of the needed commodities no matter what.

GLA

What do others think based on what we know? -

"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"

GLA

The biggest positive is the teaser, the total can only be a multiple of the teaser -

"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"

The only question that really remains now is how many billions?

GLA

Indeed Layla, it all points to a conclusion coming up.

Found the resolutions, quite boring as usual -

RESOLUTIONS FOR AGAINST VOTE

WITHHELD

1. Ordinary resolution: To approve audited Accounts for the year ended 31 December

2021

2. Ordinary resolution: To re-appoint Grant Thornton LLP as the auditors of the

Company

3. Ordinary resolution: To authorise the Directors to determine the remuneration of

the auditors of the Company

4. Ordinary resolution: To re-appoint Kotaro Kosaka as a Director

5. Ordinary resolution: To re-appoint Artem Matyushok as a Director

I'm just wondering if something else will be announced prior to the date.

No DFS details is understandable, but, also quite annoying at the same time due to having been here many years waiting to see the details from the companies most important study.

GLA

What are we voting for at this years AGM, does anyone know?. . . .

GLA

The lack of DFS specifics points to a certain conclusion if i'm honest.

Usually you would receive a lot of DFS details. . .

GLA

"But a BRICS-issued currency would be different. It’d be like a new union of up-and-coming discontents who, on the scale of GDP, now collectively outweigh not only the reigning hegemon, the United States, but the entire G-7 weight class put together"

https://foreignpolicy.com/2023/04/24/brics-currency-end-dollar-dominance-united-states-russia-china/

GLA

Have a good sing and laugh fellow LTH's😂. . .

If you're thick and you know it be a green box

If you're thick and you know it be a green box

If you're thick and you know it and you really want to show it

If you're thick and you know it be a green box 🤣

GLA

Oh look, there's that house extension at WK for greater sale value, handy that -

"Following construction of a power line to site, an electric dragline was assembled at the Company's West Kytlim PGM and gold mine to provide a more environmentally sustainable and attractive asset as well as a lower cost operation for the ongoing sale discussions."

GLA

To show the green boxes exactly who knows what they're talking about -

"To enable the sale of the assets and to exit from Russia, the work during 2022 was dominated by the important Definitive Feasibility Study (Russian TEO of permanent conditions) for the open pits at Loipishnune and West Nittis within the Monchetundra project (License MUR 16493) which was submitted on time in December 2022. The study involved a new metallurgical sample collected from drill core and analysed following from the 2016 (pre-feasibility) metallurgical work. Land surveying, geophysics and hydrogeological and geotechnical studies were also completed. The ore at Monchetundra contains commercial grades of Palladium, Nickel, Copper, Platinum and Gold."

And to help them some more ; . . .

enable

/ɪˈneɪbl,ɛˈneɪbl/

verb

1.

give (someone) the authority or means to do something; make it possible for.

"the evidence would enable us to arrive at firm conclusions"

GLA

Who used to tweet acting like she knew the BOD as intimate friends?

Then, yes, then swing to hating the company shortly after and make numerous defamatory tweets.

Poor thing could never make her mind up and indeed did have multiple monikers banned from LSE, so, who knows how she has wormed here way back on here this time around lol

GLA

Really are out in force today. Well, i say force, not really as they don't have much power of persuasion tbh, largely because all of the facts always point to the complete opposite of what they try to peddle.

I've missed the good old Sundays of fishing for the green box kind, but, i'm glad to see that they still bite so easily.

Monday tomorrow, hopefully it's the end of what has turned out to be quite an arduous wait for all of real shareholders.

GLA genuine holders

Multiple parties, multiple options. Bless the ones who don't understand -

"The board remains focused on maximising shareholder value, and, after receiving approaches from multiple parties interested in acquiring the company's assets, has decided that launching a formal sale process under the Takeover Code is in the best interests of shareholders, which could result in a sale of assets or the company. The company will work with UBS and its other advisers to execute the process", Eurasia executive chairman Christian Schaffalitzky said in a statement."

Oh, and, again, to try and help the poor souls once more, success fee basis -

"The miner also reiterated its announcement from July 1 that it has appointed UBS to assist in a review of its strategic options including asset sales or a sale of the company"

"The company confirmed that it has entered a success fee based engagement letter with CITIC to explore possible strategic options for its mining assets."

https://www.proactiveinvestors.com/companies/news/923801/eurasia-mining-soars-as-it-returns-to-aim-following-clarification-of-relationship-with-citic-923801.html?region=ca

Always here to help you guys who struggle -

success

noun

1.

the accomplishment of an aim or purpose.

You're welcome, big kiss X

GLA

. . , who always appear to be very lost -

"Possible sale of Russian assets

The Company continues to consider options for the sale of all of Eurasia's interests in Russia. These include the West Kytlim operating mine, the Monchetundra Project mining license, the NKT brownfield project, and the entitlement to the Nyud brownfield project.

The Board acknowledges shareholder frustration regarding the duration of the sale process, however also notes recent precedent transactions which have successfully completed despite the geopolitical situation."

"Eurasia is committed to pursuing the possible sale of our Russian assets. This remains our priority and the Board shares the frustration of our shareholders at the duration of this process"

And for those still stuck with basic English -

committed

adjective

1.

pledged or bound to a certain course or policy; dedicated.

priority

noun

the fact or condition of being regarded or treated as more important than others.

Lots of love from Mac, big kiss X

GLA

Hopefully the day puts a lot of things to rest, it's been a very very very long wait so far.

GLA

Hahahahaha, i only popped on for a nose and spotted this -

"When you think about it, mac being ginger isn’t that odd.

Mac being a celt ish name would give one an image of red hair maybe?"

I am indeed a Celt, but, ginger i am not.

It's fun to stay amused while we all wait, Slàinte Mhaith

GLA

Fr.Jack.Hackett,

You have forgot who their neighbour is, do you really think anything will affect them taking the area to production, considering Norilsk are upgrading the entire site there ready?

Delightful are your replies, but, they always lack the most basic reasoning and logic.

GLA

It will always be viable as either a battery metals operation or a PGM operation due to the very low costs associated with Russia. In fact, when Monchegorsk comes online it will be one of the most profitable operations in the World due to the very low overheads!

It's the other areas of the World where costs are higher that you need to worry about, as these metals are needed for the clean energy revolution that is now in full swing.

GLA

"No reason we shouldn't have it but as ever with Eurasia, it's always last minute." - I have to agree with the last minute comment, it's been that way since Christian left the CEO position. I perhaps took it for granted that RNS was exceptionally timely before that switch took place.

It will all come in time however, they always get the job done.

GLA