Member Info for mac4671

The harder the shake. They're desperate for your shares, keep a tight hold of them. Extra resources can only mean one thing, more treasure aaaaaarrrrrrrrrggggggggghhhhhhhhhhhhhhhhhhhh

GLA

It's the same consistent script all the way from the original bank RNS of Oct 19 -

"The Last Non Consolidated Palladium Play".

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html

"we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'"

https://www.lse.co.uk/rns/EUA/monchetundra-update-y1zwj1c5tpmei84.html

"In recent months, Eurasia has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets. The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company."

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-jtwyvaxxdax49q0.html

"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."

https://www.lse.co.uk/rns/EUA/potential-asset-sale-fsp-other-updates-54a1wvacahgt87n.html

Eurasia Mining plc Annual Report 2020.pdf -

"• The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021."

"The Company has continued to manage and develop the Monchetundra Project while commercial negotiations/discussions
regarding a potential sale of the project are ongoing"

Feet up and very relaxed, sipping on some nice chilled koka kola, aaaaaaaaarrrrrrrrrggggggggghhhhhhhhhhh

GLA

"MAC471 thank you for the response. You posts are very much appreciated." - No problem, that info was dropped the middle of last year, you'll appreciate that things have moved on quite a lot since then. But, it does give a general good indication of what they were planning for the initial Monchetundra asset.

GLA

Let's be honest, we can now all see why James left his old job to come here, this is very big stuff, the next PGM district. It's not a simple asset disposal, they want maximum shareholder value, they've stated it countless times now, the route to that is the longer road. By the end this will have dividend streams and a multiple £ sp, even if they just run 3 or 4 open pits themselves and sell the others off as they go.

GLA

I should perhaps rephrase that, they could probably sell the option, but it would create zero value in doing so. The maximum value which they wish to achieve comes at the 100% owned point, we still have the JORC to do to get to that point.

MT disposal and take JV assets to production is how i think this is going to go down initially. Take further JV assets to production at later stages and also potentially sell some off, dishing the district pie out as they go and creating maximum value for us shareholders. Hopefully royalty streams for dividends is all part of the value creation, years upon years of dividends.

GLA

WEST KYTLIM
Mine life: >20 years

Target production: 64koz at full capacity

MONCHETUNDRA
Mine life: >20 years

Target production: 1,000koz at full capacity

GLA

No sidog84, it has only just became a company asset, prior to today it was just an option. You can't sell what you don't own, the LOI in May will have been drafted on what was available in the FSP, that being MT and WK, they're the assets the company had at that point in time. All imho of course.

GLA

You're very welcome Dietch666, it's just a matter of time here tbh, todays rns is just further proof that they're effectively executing their plan for the wider area as the asset sale progresses and the production ramp up at WK. They're motoring along in mining perspective to be fair, 2021 clearly being their crucial year for initial value creation.

GLA

Potentially exploration licenses then, now i get it Dickie88. Exploration licenses covering wider areas, same as 4 which is sopcha but also includes horizon 330. Even in the historical stuff they bounce between naming it Nyud and Nud quite a bit. It does make it all a bit awkward for cross referencing, but, the info all gives the same massive resource conclusions.

GLA

Even the tsnigri map doesn't include pits on Nyud and Poaz, it does mark some plans for some pits on Vuruchuaivench however -

"Fig. 1. Map of deposits and occurrences within Monchegorsky ore district

mine/plant complex facilities explication: 1 – processing plant site with underground mine working portals, 2 – adit 1 of Plant 330 mine, 3 – NKT mine, 4 – processing plant’s tailings pond; 5 – processing plant pump station of reverse water supply, 6 – pump stations of technical water supply as part of mine/plant facilities, 7 – West and East sites within Plast 330 area, 8 – Plast 330 infill complexes, 9 – Vuruchuaivench area industrial site, 10 – Vuruchuaivench pits and stockpile, 11 – underground mine at Vuruchuaivench, 12 – Vuruchuaivench complex, 13 – Yuzhnosopchinsky pit, 14 – Arvarench pit, 15 – Yuzhnosopchinsky and Arvarench stockpiles, 16 – ore crushing and haulage facilities (Vuruchuaivench, Yuzhnosopchinsky and Arvarench areas), 17 – site of Severny ramp (NKT), 18 – shafts 5 and 6 (NKT), 19 – infill complexes (NKT), 20 – Loipishnyun pit and stockpile"

http://www.tsnigri.ru/magazine/RM/2021/2021_1_min.pdf

GLA

What's interesting in your maps is the lack of Poaz. Where do the green marked areas come from?. Your 1 area, Nyud area would cover Nyud, critical horizon, gabbro 10 and quite possibly part of Vurechuaivench.

GLA

#mapthief lol #twitterwars lol

P.S I like your overlay one you did -

https://twitter.com/RichardDugdale3/status/1402169840354344961?s=20

GLA

Due diligence would match the secrecy about their involvement as well tbh. We didn't have the JV at the time but were looking at going into it, so AP involvement would make sense.

What a story far though and there's still plenty left to come!

GLA

Paper exercise is probably correct at this stage of the game Macman67. They could have used AP as part of their due diligence on the JV assets and already have that sort of info. Eurasia are in an amazing position right now, make no mistake about that, MM's just seem incapable of comprehending the sheer size of what's actually about to drop into play here.

GLA

Not entirely sure oldspursfan, they have their own data from Anglo JV days on top of what Rosgeo have done, it's what makes the whole thing that bit more risk free tbh. From that instagram post of last year we know AP are now involved in some capacity, they have all of their fancy gadgets to accurately model metal ore bodies. It can't be that much work imho, more a case of putting together everything that has already been done and perhaps a tiny bit more.

GLA

There are various ways to look at the numbers, but, each arrives at the exact same conclusion. This current trading range is an absolute joke. Great for bargain top ups though.

GLA

Potentially similar geology however -

"These data corroborate that the Vurechuaivench massif is a tectonic fragment of a larger magmatic body that involved Nud–Poaz massif."

GLA

Not quite lol. That's vuruchuaivench, see page 23 here for the diagram of assets -

http://geoksc.apatity.ru/images/stories/Print/Monchegorsk_eng.pdf

GLA

There's something definitely wrong with MM's who run the sp folio. However, Eurasia has been lost on them for as long as i've been here as a minimum, they never have been able to comprehend the wider picture with the assets Eurasia hold and the areas around them that they could always expand back into via the legal exclusivity laws. The Rosgeo JV has simply accelerated their expansion at Monchegorsk, millions of palladium eqv ounces instantly added to the balance sheet.

3 more easy ones to add in the near term, is Ian running a guessing game for the next to drop? Lol

GLA

It's the first of these 4 -

"Four palladium, platinum, copper, nickel and cobalt open pit deposits, upon which Russian FS completed and reserves (according to the Russian standards) approved by the Russian State Committee of Reserves (GKZ).



Each of the four open pit deposits, which are located directly adjacent to Monchetundra, have already been studied by Eurasia with block modelling and open pits' optimisations performed by the Company. According to the due diligence done by Eurasia, the ores are suitable for toll treatment over distances of 5 to 8km with beneficiation and mineral processing at the proposed plant site between the Company's open pit deposits at Loipishnune and West Nittis."

I'm now wondering just how quickly the other 3 will follow!

GLA