Member Info for mac4671

This one is a mere calculation that the company requires 'X' funds to buy 'Y' Rosgeo JV assets. It's the easiest calculation to make. Funds appear required now and so the license and JORC etc may be ready!

GLA

Can we have a good red dot, one packed with information cheers. No one cares about you monitoring prices old son!

GLA

"including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits"

For current potential Rosgeo JV marked areas, we currently have -

1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232 - Currently in the process of gaining the license.
6: NKT (Nittis-Kumuzhia-Herbal) - The rest of it that we didn't get in the flanks app - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz: Richard managed to find that, i've not come across it myself digging around on there - https://twitter.com/RichardDugdale3/status/1410555717984137223?s=20

Those are the main areas i believe we're looking at.

Resource shopping is fun!

Wash the cake down with a nice chilled Koka Kola!

GLA

The MM's collected what they needed on the shake down to into the 14p area. Ready to sell back at a nice profit to the large buyers. Them filling orders at 22/23 etc is still a nice healthy profit on what they stole around 14/15. Easy game for them tbh.

GLA

The ii will get what he wants one way or another, to them anything under 26p will be an absolute bargain!

GLA

A nice big asset expansion -

"including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits"

Handy that it's all lined up isn't it!

Keep tight a hold, they're only after your golden tickets to your share of millions upon millions of PGM and battery metal ounces. Some can't handle seeing others do well so they'll try and steal them off you in any way they can!

Koka Kola's all round!

GLA

Whwn thinking NYUD for example, you would be looking at 5km South from an open pit in the new marked area on their website map -

"including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits"

The block modelling and open pit optimisations point to this all happening very rapidly once the acquisitions begin.

Massive land footprint when including an outward running exclusivity zone from all potential Rosgeo JV pits.

The BOD have played and absolute blinder, they can take some to production themselves and sell others off. Or go into a JV with a large miner or consortium.

Eurasia are fully in control of the whole area at Monchegorsk.

GLA

Not entirely sure if the market understands that though, they have always seemed to struggle with the legal exclusivity rights in Russia for Eurasia.

We do though and it's from it where the bargain was identified for myself many years ago now. The law being on their side to exoand back into the originally held Anglo JV areas. Once you understood that the rest was easy tbh.

GLA

Once planned open pits are in place, the exclusivity runs outward frkm the planned open pits. The mining extraction license stage, like West Nittis and loipishnune. Due to the nature of the multiple open pit dynamic on Rosgeo JV assets the exclusivity from those will indeed expand the exclusivity area to a very large area. One near the end of NKT for example should drop the closest half of Volchetundra into legal exclusivity.

While constructing some open pits on JV assets there would be plenty time to apply for any new exclusivity zones. The new JV asset front dropping everything coming in the future from those new zones into a 100% owned situation.

The Rosgeo JV has rapidly increased the speed at which they can expand at Monchegorsk.

GLA

A nice big asset expansion -

"including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits"

Handy that it's all lined up isn't it!

Keep tight a hold, they're only after your golden tickets to your share of millions upon millions of PGM and battery metal ounces. Some can't handle seeing others do well so they'll try and steal them off you in any way they can!

Koka Kola's all round!

GLA

If you think it's slow currently, figure out how long it would have taken with the flank after flank app process on Monchegorsk. To get the next exclusivity area you have to have planned and signed off open pits, it would have taken years. 9 months on average for a flanks app usually, no idea what's happening with that latest WK app but prior to it it had always been around 9 months.
The other obvious benefit running the assets through that Rosgeo JV structure is 100% ends up in Eurasia's hands rather than the usual 80% MT + Flanks standard, an extra 20% on resources with millions upon millions of Palladium equivalent ounces makes a massive difference to the potential financials.

Due to Dmitry switching to the M&A officer role i presume he's the genius behind that entire thing, we just have to wait and see what other M&A rabbits he pulls out of the bag.

GLA

Because they're buying and running with the Rosgeo JV assets asap, as in imminently. The NYUD JORC for example is clearly complete, just a license acquisition to happen first and the info gets released imho.

Even if they announce the asset sale details this week we still have to vote on it, that takes time, so to smoothly run with the Rosgeo JV as a separate entity to MT + Flanks the ii placing was required.

GLA

GLA

Let's have a peek -

"Plans for nickel-hydrogen battery gigafactory unveiled"

https://www.h2-view.com/story/plans-for-nickel-hydrogen-battery-gigafactory-unveiled/

James Nieuwenhuys, CEO and Managing Director commented: "We have decided to advance the Rosgeo JV, as its projects' potential has become more evident during the course of the confirmatory work being done by Wardell Armstrong International in relation to both PGM and battery metals (nickel, copper and cobalt) that are future facing metals in relation to the fast-growing hydrogen and EV markets respectively."

Koka Kola's all round!

GLA

The figures are even better when you start thinking about resource upgrades from JORC's etc -

"· Block modelling and open pit optimisations are now complete for 6 out of 9 Rosgeo JV projects that in total represent 104.6Moz of platinum equivalent resource (according to the Russian State Cadastre of Mines) as announced via RNS on 26 March 2021."

"It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining."

GLA

Could be a number of things chriszzr, something which stands out from yesterdays RNS is the ii wanted more so they're perhaps now trying to get those on the open market. If not, well, everyone knows what starts to happen to the resource figures as the big Rosgeo JV assets start to land. The 15 - 30 - 45 simply comes from acquiring plast 330/sopcha, NYUD and POAZ. The ? being what do all the other ones bring to the table.
The figures will vary from that increase suggestion but it's the simplest way to describe what is going to happen when the acquisitions start to land.

It clearly says NYUD and other deposits, not deposit, so the exclusivity zone areas would appear definitely thrown in to the Rosgeo JV. It works out better for Eurasia that way as they get to gain 100% rather than the 80% through acquiring them as flank additions to MT.

GLA

That's what happens when the BOD start those acquisitions -

"as we continue to develop the Company including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits."

The numbers start to increase at a rapid rate with every acquisition. NYUD first and then clearly others have been lined up nicely at this stage.

Koka Kola's all round!

GLA

And punch a few resource figures through a calculation or ten for the upcoming acquisitions -

"as we continue to develop the Company including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits."

Poor green boxes won't like it when resource figures double and then triple will they lol

Koka Kola's all round!

GLA

That is all you need to do -

"· Updated results of block modelling and open pit optimisation have created the opportunity to increase phase one ("Phase One") annual ore production by 1.7 times (from 1Mtpa to 1.7m Mtpa) compared to the Russian Feasibility Study (the "FS") throughput. The FS was approved by the State Commission on Mineral Reserves as announced on 3 April 2017. Phase One includes Loipishnune open pit and West Nittis open pit only"

"· Phase One annual metal production has now been calculated to be equal to 128 Koz of palladium equivalent, over 70% higher than the volume projected in the FS. This production volume does not include Monchetundra Flanks and Rosgeo JV projects which will be separately announced"

"· Block modelling and open pit optimisations are now complete for 6 out of 9 Rosgeo JV projects that in total represent 104.6Moz of platinum equivalent resource (according to the Russian State Cadastre of Mines) as announced via RNS on 26 March 2021."

"It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining."

"The net proceeds of the Private Placement are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021, including Nyud, Moroshkovoe and other major Rosgeo JV platinum group metals ("PGM") and battery metals open pit deposits."

Very easy waiting game.

GLA

Upcoming acquisitions -

Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted that professional institutional investors offered to support Eurasia's fundamentals and its strategic options, as we continue to develop the Company including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits. Furthermore, while our board and management continue to be significant shareholders, the Directors are confident that the Private Placement will further strengthen Eurasia's negotiating position."

Rosgeo JV are just about to be added to the balance sheet, that's what it says right there in black and white!

Koka Kola's all round!

GLA

"The net proceeds of the Private Placement are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021, including Nyud, Moroshkovoe and other major Rosgeo JV platinum group metals ("PGM") and battery metals open pit deposits."

For current potential Rosgeo JV marked areas, we currently have -

1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232 - Currently in the process of gaining the license.
6: NKT (Nittis-Kumuzhia-Herbal) - The rest of it that we didn't get in the flanks app - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz: Richard managed to find that, i've not come across it myself digging around on there - https://twitter.com/RichardDugdale3/status/1410555717984137223?s=20

Those are the main areas i believe we're looking at.

"Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?

It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining."

GLA