Member Info for mac4671

And the other 5, Eurasia appear to be well on the way of gaining further info which will allow them to do similar block modelling and mine plans on those assets -

"· A further five mostly open pit palladium, platinum, copper, nickel and cobalt assets are included in the JV, where Eurasia has carried out due diligence including c.20km of exploration drilling and some 12 thousand samples taken by Eurasia."

It's all in the finer details of the RNS tbh, it gives you a heads up as to exactly where they're already at with those further assets contained in the JV.

GLA

Indeed Macman, between Rosgeo and Eurasia they can move to initially control the entire area. The Russian Gov have just well and truly looked after Eurasia Mining tbh, there is no other way to describe it at this stage. Remember, Eurasia can move to full 100% ownership of all those assets as things progress, it's written into that binding agreement that was RNS'd.

GLA

Do please tell me new experts, how do Eurasia do block modelling and open pit optimisations without fully knowing what is there? -

"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."

It's set in stone, they've already been planning mines on those 4 as a bare minimum lol

I'll keep it simple for yous, 104.6 divided by 9 and timesed by 4 = 46.49Moz Platinum eqv

No matter how conservative you try to be, we have millions more proven ounces available.

GLA

The reason for the figure and the date given is because Rosgeo have recently completed a exploration and resource upgrade of the area -

"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

"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."

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

"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."

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

Couple of extra links -

Rosgeo and Monchegorsk -

https://www.mvestnik.ru/newslent/rosgeologiya-zainteresovana-v-monchegorskom-rajone/

Facebook -

https://www.facebook.com/rusgeology

The assets are already proven up, it's what Rosgeo bring to the table, that and ease of licensing due to being gov owned.

GLA

Every recent RNS has been a big one, 43% increase and DFS done at WK allowing for rapid expansion.

Rosgoe JV adding 104Moz Platinum eqv at Monchrundra, well on top of what was already there, which again allows for rapid expansion.

The resource figures only ever grow at Eurasia Mining, in my 5 years here i have never once seen the numbers decrease.

We're also still in a FSP, very deep into a FSP with investment banks on a success fee basis, the bigger the deal the more they get paid!

GLA

They multiply as fast as the reaource figures multiply pokersam. The more millions of ounces revealed the more naysayer accounts appear.

Traders and shorters, both never having done any decent amount of research, hence many one liners and a complete lack of any third party source back ups.

Others seem to just appear and post from a jealous standpoint, like they know that they've missed out on the big one, the life changer.

GLA

"Russia’s Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part of the funds into precious metals, including gold."

https://www.livetube.tv/blog/russias-national-wealth-fund-gets-greenlight-for-gold-investments-as-moscow-pursues-de-dollarization-policy

GLA

Comes a higher volume of numpties. They all appear as if by magic claiming to be the all mighty and knowledgeable on things. Two probes later and you find that they're just balloons full of hot air, zero research done and a total lack of understanding on many mining subjects.

JV with the Russian gov is just the latest news with this one.

GLA

The only dreamer is lauren, she dreams that she is me when i was filling my boots back in 0.2p days. She's just a bitter newcomer who has done zero research on the company which was all proven without doubt over the weekend with her total lack of EPCF understanding lol

GLA

Green box response, sorry sunshine all i see is the green juice from when you were bug squashed.

No matter what you say you can't change the fact that the ground is explored and resources proven up, the latest JV figures come from a feasibility study, eurasia have their own exploration data on top of it. Millions upon millions of ounces, and it can all be expanded further.

GLA

If you want to be super conservative, you could minus 7Moz and decide it's in with the Rosgeo JV, that's still 61Moz Palladium eqv lol

Newcomers are no good with numbers though or how reaources are proven up.

GLA

Apparently shareholders are dreamers, but the numbers don't lie. Mt has gine from 1.9Moz back in 2019 to 68Moz today. The only people dreaming are the bitter newcomers!

GLA

They've done well to get it sorted out. Still a while for them to be back at full production capacity at both mine though.

GLA

Make no mistake about that.

The Rosgeo JV takes us bavk into the 36.2 km2 old Monchetundra license area.

Remember this the other day i calculated using the average per km2?

"Monchetundra, potential using average resource figure per km2 - 67.875Moz"

Well, 104.6Moz Platinum eqv works out to be 46.201Moz Palladium eqv using todays price, add that to the 22Moz contained in the total current area, including the legal exclusivity area, and we get 68.201Moz. . . . . Just like that.

The JV is for the areas outside of the current legal exclusivity area imho. Numbers are such great fun when they're used with huge resources. What it does, is it gives Eurasia control over that previously held 36.2km2 area. The numbers all work out when you do the calculations, there will obviously be a slight difference as the calc starts with a average resource figure per km2 for the 15Moz.

For the people who remember Alexei letting 50Moz slip in a interview a long time ago and then the BOD having to correct things, guess what, yes, that's right, the numbers work out. 80% of 22Moz added to 75% of 46Moz = 52.1Moz

Easy peasy PGM squeezy!

What do people want to do, should we just multiply the potential Palladium equivalent by approx todays price and use 12.5%?

Yeah, why not, just to get a feel for things -

52.1Moz x 2,700 = $140,670,000,000 . . . . . divide by 100 and multiply by 12.5 = $17,583,750,000

What i would give to be a fly on the wall in that FSP lol

GLA

If they announced getting back to Volchetundra at some point Plface that would be even more epic than the epic Rosgeo JV.

People are severly underestimating Eurasia's position, even without the Rosgeo JV they were all set for rapid exlansion via legal exclusivity laws and their choosing of Nittis as one of their initial starting positions was absolutely perfect, straight into all the Rhodium anomalies and battery metals on top of the high Palladium content. The numbers can only keep growing as they keep expanding!

GLA

Hopefully a good indicator of things to come. There's plenty of pressure at the minute and many people trying to fill their boots.

GLA

https://twitter.com/Jarvy55/status/1376431506852302849?s=19

I wouldn't worry about any traders collecting their peanuts to be honest. Any who bought friday will think it was christmas at 20% lol

GLA

Quality Ian, hope you're having a lovely morning.

GLA

Postitive Rhodium anomailes everywhere. . . .

Rho Rho Rhodium your boat gently down the stream. . . .

GLA

And we're off, shorters are on fire, pirates are laughing and drinking rum. The stage has been set for how every Monday should be.

Let's see some rockets and ships Ian and Stix!

GLA