Member Info for mac4671

Hungry hippos are still feeding then lol

GLA

You're welcome CTC1988, it pays to read through most things multiple times with all of this. It's far from a standard mining company now, they've attained first mover position on the whole district at Monchegorsk. What's came out there via tsnigri is huge, in terms of Rosgeo JV assets being able to head to production in the short term alongside the original company owned Monchetundra asset. All bodies look to be working together on a far greater mining plan, i'm presuming at this point that the buyer of an initial Monchetundra disposal has also had to agree to certain things to fit the wider plan for the district with both Eurasia and the Russian government, it's perhaps something which has also made the sale process go a little slower. From that tsnigri release there is a mine plan in place for years of production, that's years of potential dividends going forward if they run with the Rosgeo JV assets in the short term.

It's hard not to be excited at this stage, even with the sp taking a bit of a dip again.

All the best to you and good luck with your investment here.

GLA

CTC1988, the market has always had a very unique way of never being able to comprehend Eurasia's position. The first big dip i witnessed was years ago, it went from 0.7 to 0.2. Literally nothing had changed at the time, the company was moving forward positively and it dipped. The few of us that were around back then simply loaded up, it got back up to around half a penny and then just sat there all the way to the bank RNS of Oct 19, again, allowing to accumulate stupidly cheap. A dip came at 4p back to 2p from what appeared as a short attack, again allowed people to top up cheaply if it was their wish. Few more dips along the way, and now we're on this recent one. It's just how it goes here tbh, people simply make their own decisions on what they want to do at any given stage. The waiting would be tough if people didn't have much idea of the district over there, but, the fact is that people now do have a very clear picture of the district and it's potential. If they choose to ignore that then that's up to them.

GLA

Nothing goes up in a straight line Jp1959, we've had previous long sp declines as well, longer than any 12 day period. They know news is close so they're trying to shake as many as they can out of weak hands imho. Any well researched investor will hold or accumulate. One only needs to look at the company and asset exploration facts to get the best picture of what's fully at play here.

Each to their own, but i'm currently looking for another sink to chuck in.

GLA

Oh look, the conclusion from professionals -

"Conclusions and recommendations:
• as a result of the completed enlarged geological and economic assessment of platinum-metal objects of the Monchegorsk ore region, it can be argued that in modern conditions, the Vuruchuayvench deposit (with the Plast "330", Yuzhnosopchinsky, Arvarench sites), as well as the tubing ore occurrence and the site Loipishnyun in the general GOK can be worked out highly profitably and are of commercial interest; • the facilities include the Plast section "330" with simplified access to the ore, as well as enriched with platinum group metals section Vuruchuayvench (S [Pt + Pd] ˜ 3.29 g / t, in
including Pd ˜ 2.9 g / t), which allows us to expect fast payback of capital investments; • it is recommended to carry out additional exploration of the deep horizons of the Vuruchuaivench deposit with the calculation of reserves; • assess the condition of the exploration well, which was passed to the Sopchi vein massif below Plast "330", as well as the possibility of selective mining of this vein massif using modern tunneling and small-sized equipment; • carry out a separate feasibility study of conditions for ore occurrence Nittis-Kumuzhya-Travyanaya; • based on additional data from the exploration of the listed objects, taking into account new information on the Poaz ore occurrence to develop TPP for long-term development of Monchegorsk ore region."

Can't ramp expert third party information i'm afraid, what they say goes.

GLA

"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

P.S Facts would suggest that we very much do know what is happening, no matter what any green box says.

GLA

You're a fool d1873macca, literally post nothing of any relevance. To the green bin for you, toodles.

GLA

The third party link that relates to that recent FS which increased Resource figures -

"After the completion of all work, both the main resources - platinum group metals and associated components - nickel, copper and gold will be accurately calculated. The end of the research is scheduled for December this year."

"K. Firstov, head of North-West PGO, explained that as a result of research work at Poaz, the uniqueness of the deposit was confirmed, according to preliminary calculations, the deposits of platinum and palladium are about 336 tons (category P2), which is much higher than the initial forecasts."

https://www.vnedra.ru/novosti/rosgeologiej-okoncheny-burovye-raboty-po-obnaruzheniyu-metallov-platinovoj-gruppy-na-territorii-murmanskoj-oblasti-10745/

It looks like they've managed to find an expansion of it, good work tbh -

https://twitter.com/GMF782/status/1397585365653917701?s=20

All leading to -

"The Additional Assets have a total of 104.6 Moz Platinum equivalent resources as at 31.12.2020 (source: Russian Feasibility Study ("FS"), TsNIGRI, Russian State Cadastre of Mines) according to the Russian standards and are comprised of:"

https://www.lse.co.uk/rns/EUA/binding-agreement-signed-with-rosgeo-664vj174ti35e5h.html

And then the Tsnigri bomb was dropped -

"Development potential and investment attractiveness of PGM deposits (Monchegorsky ore district) are discussed. By the late 2020, the reserves of these deposits were approved based on results of a feasibility study review assessment in the State Reserve Commission and TsNIGRI approval. In current mineral market conditions (including high Pd price), the most attractive development projects are Vuruchuaivench deposit comprising 4 areas (Plast 300, Vuruchuaivench, Yuzhnosopchinsky and Arvarench), NittisKumuzhya-Travyanaya occurrence and Loipishnyun area. In terms of reserves, ore grades and proximity to processing plants, these potential mining projects are less expensive if developed concurrently. The paper presents recommendations for PGM deposit opening, development and mining using advanced mining equipment in open-pit and underground mining operations, ore conveying and processing plant tailings disposal to infill underground workings. Economic estimates were made supporting development viability of the above deposits within Monchegorsky ore district."

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

Koka kola's all round!

GLA

For. . . "prioritized mineral centers of economic development". . . . . . Kola

NKT and NYUD from some years ago. They've been exploring the area for years now tbh -

"Department performance for 2014-2018

Feasibility studies and scoping prefeasibility studies were completed for development, geological study and mining operations at the following deposits:

NKT and NYUD PGM occurrences, Monchegorsk ore district, Murmansk region, JSC Severo-Zapadnoye PGA.

Federal contract execution

Federal contract “Work on investment projects of prospective precious metal and other nonfuel mineral deposit geological study within the prioritized mineral centers of economic development”."

A dead cert for a very long time to be fair ; )

http://www.tsnigri.ru/en/otdel-geologo-ekonomicheskoj-otsenki-mestorozhdenij.html

GLA

I've seen rampers on LSE gfd, they don't actually post much, things like boom, this is going to the moon, but they don't do it on a companies board, they're usually doing it on other boards to get peoples attention and money to the stock that they're trying to ramp up. The old pump and dump. There isn't a way that works here, ii's and MM's now appear to be in full control of what the price does.

What we've all witnessed is Eurasia go from 2Moz at Monchetundra to 15Moz, and 40Moz in the wider initial district, giving 55Moz. Now that is all open to interpretation of course as other figures elsewhere suggest higher numbers, everything that gets put out in our RNS always appears to be very conservative. I think it was 60Moz i myself had set the potential Palladium eqv at from what we knew about the average resource per km2 at the time. Either way, these figures are serious resource levels no matter which way you look at it, you can't ramp what is in the ground there, it just is. Tsnigri, Rosgeo etc are all third parties and they all say the same thing, experts in their field and have spent a hell of a lot of time there exploring those resources and appear set to continue spending time there exploring resources.
Geoff the green box is no comparison to the figures that the experts on the ground are putting out as resource figures.

GLA

I just green binned him gfd, there isn't any ramping on here, people just share the factual information that they find and is already out there.

His historical post does appear to be a ramp however, nothing stranger than folk! Always amusing when they post without realising people can see their history lol

GLA

"Whatever happened to Rowka? :-)" - Caught at the Russian border we believe, found to be carrying a sat nav, his own hand drawn map, various digging equipment, wheelbarrow and a treasure chest lol

GLA

Excellent CAW. It has to be Eurasia or Rosgeo who have it, either Eurasia or another JV perhaps for Volchetundra with Rosgeo. They're all working together on what's going on, that's quite evident when you read through that tsnigri article tbh, the further exploration of NKT flanks being one of their recommendations for taking this initial district into production. It's a mind boggler, it's heading to proportions that some only ever dared dream about at one point!

GLA

Nitrokev, excellent. Every shareholder who has held on through all of the attacks on here and elsewhere really do deserve this. It has been far from pleasant at certain points, suspension was brutal to be fair, when you look back and remember how angry a certain shorting group appeared to be getting with any and every positive posting shareholder at the time. They should understand, this is how investing goes, decisions are made on thorough research, they clearly didn't do any and just ignored what was posted on here and elsewhere. It's just how it goes, you take your side and the rest is history tbh.

GLA

A lot will be filling their Palladium boots after reading the annual report circular and that new tsnigri article. Gmf78's calculator will be doing overtime firing all those new potential figures through his valuation model for long term potential valuations etc.

It's one of those moments where you sit and think 'have a really thrown in all my kitchen sinks or can i create some more to throw in' lol

GLA

And just like that it all makes sense, when you cross reference things mentioned in the annual report like -

"At Monchetundra, we received the ‘Flanks’ licence in August 2020 and commenced routine infill drilling work. More recently, in April 2021 we submitted a detailed exploration project for the flanks area to develop these prospects and bring further resources into the scope of the mine. Significantly, for the long-term plans for Monchetundra, we commenced a new joint
venture on the Kola peninsula in March 2021 (the “JV” or the “Rosgeo JV”) with Rosgeo and look forward to adding the projects from Rosgeo to the JV in due course."

The show really is just beginning.

GLA

If you're not excited now you're a green box lol -

"Conclusions and recommendations:
• as a result of the completed enlarged geological and economic assessment of platinum-metal objects of the Monchegorsk ore region, it can be argued that in modern conditions, the Vuruchuayvench deposit (with the Plast "330", Yuzhnosopchinsky, Arvarench sites), as well as the tubing ore occurrence and the siteLoipishnyun in the general GOK can be worked out highly profitably and are of commercial interest; • the facilities include the Plast section "330" with simplified access to the ore, as well as enriched with platinum group metals section Vuruchuayvench (S [Pt + Pd] ˜ 3.29 g / t, in
including Pd ˜ 2.9 g / t), which allows us to expect fast payback of capital investments; • it is recommended to carry out additional exploration of the deep horizons of the Vuruchuaivench deposit with the calculation of reserves; • assess the condition of the exploration well, which was passed to the Sopchi vein massif below Plast "330", as well as the possibility of selective mining of this vein massif using modern tunneling and small-sized equipment; • carry out a separate feasibility study of conditions for ore occurrence Nittis-Kumuzhya-Travyanaya; • based on additional data from the exploration of the listed objects, taking into account new information on the Poaz ore occurrence to develop TPP for long-term development of Monchegorsk ore region."

GLA

Something tells me that gmf78 will have something knocked up with 2021 prices at some stage -

"Economic and financial indicators.The calculations are based on stocks of five objects approved by the State Reserves Committee, one object each - resources approved by TsNIGRI in in accordance with the mining schedule. Ore processing is planned to be carried out at the processing plant located at the site Seam "330", with an annual productivity for ore 6.5 million tons according to the flotation scheme. The result will be a collective concentrate containing platinoids, cobalt, copper, nickel and gold, which is sent for further metallurgical processing.
As marketable products are considered palladium, platinum, nickel, copper, cobalt, gold. The total weight of the cost of palladium, platinum, nickel in the total cost of commercial products is 82%, therefore, in table. 4 for clarity, data are provided only for these metals.
Prices for useful components are accepted as the averages prevailing in the world market for 2019: palladium - 3209 rubles / g, platinum - 1797 rubles / year, nickel - 892 thousand rubles / ton, copper - 386 thousand rubles / t, cobalt - 2,050 thousand rubles / t, gold - 2,902 rubles / g [5, 6]. Investment and operating costs are determined on the basis of previously completed feasibility studies using the corresponding deflator indices.
Resulting financial indicators operation of platinum-metal facilities ores of the Monchegorsk ore region were calculated according to the method recommended by the State Reserves Committee [1]: cash income for a 20-year period of operation -
183,625 million rubles, for the entire period of operation - 294,335 million rubles; internal rate of return - 38%; investment amount - RUB 59,739 mln, which are recouped in seven years (excluding discounting) (see table. 4)."

GLA

Tons, lovely tons for any good shareholder to get their teeth into -

"Consolidated working schedule of the objects of the Monchegorsk ore region involved in this assessment provides for the consistent involvement in the development of reserves, taking into account their availability, as well as the quality of ores for subsequent processing at the processing plant according to the flotation scheme. The total production capacity of the GOK and the processing plant, taking into account the order of commissioning of facilities, is determined 6,500 thousand tons per year (Table 3)."

GLA

This leads to the part highlighted in one of those tweets that was shared earlier -

"In the second stage, the Vuruchuaivench section with a high Pd content ˜ 2.9 g / t is involved in development: at the beginning of open pit No. 1 and No. 2, and later - an underground mine, with conveyor transport of ore to the processing plant through the DK. Then The Yuzhnosopchinsky and Arvarench open pits are commissioned with the delivery of ore by dump trucks to the DK and further to the processing plant.
In subsequent years, the reserves of the Loipishnyun open pit mine are being developed. In the first years of the development of the GOK facilities, it is planned to drill opening workings of tubing: KU and ATU, an inclined ventilation shaft in the north, as well as workings in the Center of the Bottom deposit. Underground mine reaches design capacity for the 8th year and completes the development of reserves until depth of 500 m in 36 years [4]."

GLA