Member Info for mac4671

Because they're busy constructing the AGM RNS and circular which will contain all of the details no doubt. Look at the time of year, when the AGM is due by. These are things to be voted on at this years AGM, something as large as this has to written to the satisfaction of all legal sides before release as well so it may take a little time to construct, but it will come just like everything else has came with Eurasia.

Get the hammock out and get comfortable, flat calm waters as we approach treasure island.

GLA

GLA

Of course, while this thread runs with all of the actual RNS info in it, other nonsense and argumentative threads will appear to try and make the relevant RNS info disappear, same game they play every day. All info is in RNS, from the mention of their long term corporate plan to everything else. Looking to apply for Volche again, and creating the PGM district via the Rosgeo JV.

It puts any real pirate into a nice and relaxed feet up position, sipping on their favourite tipple, having a cheeky koka kola myself, bliss.

GLA

How are they going to achieve that long term strategy, again it's in RNS, this time the most recent -

Christian -

"The Board has a strong confidence in our opportunity to create a globally significant PGM and battery metals producer that can be achieved through our Rosgeo JV".

James -

"We are also focused on the creation of a globally significant producer of PGM and battery metals."

Creating that centre/district has always been mentioned as part of their plan, it's all been given in RNS over time.

GLA

Look at RNS, there were interested parties in Monchetundra way back in 2015, now if the BOD were prepared to wait 5+ years to maximise value there, how long are they prepared to wait to maximise value with everything else?. The proof is in Eurasia's history to date, everything is highly calculated to maximise value of what they have and what they realistically think they can get a hold of going forward, hence their 'long term' corporate strategy -

" pursue its internal long term corporate strategy of establishing a new global centre for PGM on the Kola Peninsula"

They repeat the same thing over and over again in RNS throughout, create a new centre for PGM, more recently create the PGM and battery metal district there, it's all part of their internal corporate strategy.

GLA

Can't sell the Rosgeo JV assets, you can only sell what you own Montmuzard. At this point it would be like selling a house after only paying the house deposit, no idea why people are insisting on that take, there is no value in that. The BOD want to maximise shareholder value, they state that multiple times in RNS.

GLA

Forget the Kytlym mark on the pic in this tweet, the real value is Kola, the area left of the fedorov-pana intrusion, Monchegorsk, right in the middle of that large PGE cluster. Only 3 clusters in the world, Canada and US cluster, South Africa cluster and the Russian and Finland cluster -

https://twitter.com/iMuesliBrown/status/1370715968855547905?s=20

Koka kola's all round!

GLA

An arrangement for buying further assets later on perhaps Trift, but they'll only pay for and buy Monchetundra at this stage. The BOD want to maximise shareholder value remember, the only way to do that is to develop the district via selling to third parties and taking some assets to production for themselves. That is the route to maximum shareholder value from Eurasia's position, selling anything prematurely would jeopardise the value that they wish to achieve. Selling an option now would gain peanuts in comparison to selling 100% owned assets at a later date. They can progress this whole thing over the next 5-10 years, selling off parts and taking others to production. By the end they will have multiple direct income streams and multiple royalty streams, plus the sale lumps as they go . . . . the route to maximum value imho.

GLA

Can't sell the JV assets Trift, we don't currently own any portion of any of them, we only will once the earnout has been satisfied.

GLA

I wouldn't have thought so CAW, even on our original 8km2 Monchetundra license there is space for multiple open pits, 2 were planned on 2Moz before the flanks came with the extra 13Moz. To get to 9 open pits you don't need that big of an area tbh.

GLA

Sell Monchetundra and move into those 4 JV assets. Some of the sale money for Volche exploration and developing that area and some for taking those 4 assets to production, the rest handed out as a nice juicy dividend to shareholders. That's what i would do, what would others do?

GLA

Monchetundra and Rosgeo JV covers the 36.2km2 i believe CAW, what you found covers the start of going back into the old Volche area, honestly, people have seriously underestimated Eurasia Mining and the potential -

"Eurasia is pleased to announce the results of its 2009 drilling and exploration programme, comprising a comprehensive analysis and interpretation of its Monchetundra (36.2km2) and Volchetundra (210km2) platinum group metals (PGM) projects, located on the Kola Peninsula in north-west Russia. Both licences are held in Joint Venture with Anglo Platinum as a 40% shareholder."

GLA

That's only half of Volche then CAW, it will be the same as how the other assets have been applied for and gained back, they get a smaller position back initially and then expand from there, the original Vochetundra license in Anglo JV days was around 210km2 from memory.

GLA

How much would you pay to see this at this stage of the game? lol -

" pursue its internal long term corporate strategy of establishing a new global centre for PGM on the Kola Peninsula"

The corporate strategy to end all treasure collecting corporate strategies aaaaaaaarrrrrrrrrrrrggggggggggghhhhhhhhhh

GLA

By the way, Volchetundra turns it into an area with hundreds of ounces of treasure, well potentially using an average ounces per km2 formula for the info we already know. A real juicy PGM and battery metal district!

GLA

. . . . . . "The Company's database of proprietary information including 12,000m of drilling will be compiled in due course to reassess the projects future potential development. If the Company did want to explore this project again, it would have to re-apply for the relevant licences and there can be no guarantee that they will be granted."

GLA

"However, the directors believe the Company is already established as the dominant player in Kola PGM with its production license until 2038 and its exclusive right for the flanks under applicable laws, and has a 'first mover advantage'. Receipt of approval for the flanks application would allow the Company to become further established in the region generally, allowing it to pursue its internal long term corporate strategy of establishing a new global centre for PGM on the Kola Peninsula; although at this stage the strategy is still at an inception stage and further information will be provided in due course. The Directors further believe the new favourable price environment for PGM, and particularly historically all-time high prices for palladium create an opportunity to recommence work at currently lapsed primarily palladium projects in the region, should any such opportunities arise



Christian Schaffalitzky, Chairman at Eurasia commented: 'We are pleased to offer this further update on the resource surrounding our Monchetundra Project. We are now well established in Kola with a production license valid until 2038 and our exclusivity to the flanks firmly established under applicable laws. We have always noted the significant potential in the area which we now more strongly believe can be developed into a new global mining region for PGM to rival other large PGM producing regions of the world, including the Bushveld Complex in South Africa and the Taimyr Peninsula in Russia. It is not unusual for layered mafic massif to contain multiple deposits and deposit types. The Monchepluton Massif, hosting the majority of the deposits mentioned here, is generally accepted to contain many of the internationally recognised intrusive igneous PGM deposit types. With our EPC and Financing contract with Sinosteel signed and valid for 10 years our 2 open pittable Monchetundra deposits are fully financed and we can in our opinion rapidly move into production. We have also previously stated (see announcements dated 24 October and 25 November 2019) that 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.'"

"The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk. This high palladium deposit now becomes of interest given the recent price appreciation in palladium and the future price outlook. Palladium prices through 2011 averaged less than $600 per ounce" . . . . . . .

GLA

If it is us it will drop in RNS at some point CAW, good spot by the way. They did state that due to Palladium prices they were looking at that asset again, it's in RNS at the back end of 2019, so it makes sense that it is indeed Eurasia who have applied for it via another subsidiary. When you know what they explored back in Anglo JV days and have sat and watched them simply go back to those explored assets and expand back into the original license areas for years now, Volchetundra was always a logical future return.

That's the beauty of our current position, you really do only need to sit back with the feet up and relax while the BOD take care of business.

GLA

Sipping on cherry kola today. The good thing is that things can only keep on being expanded upon, good old Volchetundra at kola is a prime example. Eurasia Mining is first mover position the buried treasure to end all buried treasures aaaaaaaaarrrrrrrrrgggggggggghhhhhhhhhhhhhhhhh

GLA

Roll up roll up and grab a nice chilled koka kola, perfectly chilled to quench any pirates thirst aaaaaaaarrrrrrrrrrrrrrrrgggggggggggghhhhhhhhhhhhhhhhhhhh

The worlds new PGM and battery metal district, such a great sound to it!

GLA

The JV couldn't have been on the table in the FSP, the exploration of the 4 assets went right up to Dec last year, therefore it is impossible to have had any data in the FSP for such things. Eurasia then had to do their due diligence on all of that data before doing anything else.

GLA