Member Info for mac4671

It all comes together nicely. Putin wants an increase in PGM output, here eurasia, have full Russia support -

"Mining is a critical industry in Russia

• Eurasia participated at PDAC 2020 at the invitation of ROSNEDRA (Russian federal agency for subsoil management) together with Russian Mineral Industry professionals and majors.

• Recognition of importance of mining, and foreign investment into mining in Russia

• Eurasia is a permanent member of Urals Association of gold producers whose role is to work alongside government agencies to optimize legislation and improve the business environment"

GLA

As A1EX found with tipil, there is some form of underground structure to go there which is not part of the mining. That may be why the local meeting was required for Tipil.

GLA

The initial apps were months apart saxon. MT flanks appeared to get signed off quicker before getting to the 'awaiting license' stage however.
Both were quoted to be at the 'awaiting license' stage back in april. Tipil required a local meeting back in december, the pandemic may have slowed that down and caused the 2 apps to arrive at that 'awaiting license' stage at a similar time.
4 months since april now, so it is my belief that the MT flanks are also due to land around now.

You get the feeling that the BOD are perhaps going to RNS a whole host of things from their usual 'no less than once per 6 week' board meeting. Again that also lands around now/next week.

We'll just have to wait and see, they will come, i'm pretty much 100% sure of that at this stage.

GLA

See the RNS yesterday, Tipil extension is a granting of one flanks style license. All extra flanks licenses that have been applied for, have arrived so far. Next to land is the MT flanks, it will come, just the same as the others have.

GLA

A decent bidding war has been known to add 30-50% on top of the first bid, in other bidding war scenarios.

We'll get a better idea when the first bid comes i would say.

GLA

It's all very much why i got in years ago, mining minnow with a majors exploration data.

Now, it will be why and buyer wants to buy us out, major palladium dominant asset play with loads of exploration data. When people know exactly what's in the ground, a massive portion of the risk is removed straight away.
Throw in other current factors like low cost, open pit, and it still operate in a pandemic situation, and you get a massively competitive buyer scenario staring you/us in the face.

Bidding war inbound imho

GLA

GLA

$1 mil for MT, with $10 mil having been spent on it with exploration previously, absolute bargain Rowka.

Easy money for the right team to bring forward.

GLA

Anglo sold their share to Eurasia very cheap at a later date to focus on platinum assets in Africa. Which left Eurasia as a minnow with a majors exploration data. Eurasia, since then, has just applied for the areas that were once held in the JV, all the way to this present day.

GLA

Ferg, that was years ago. Anglo JV days, it's when all the exploration happened. That's where Eurasia got most of their ground data from.

GLA

"Anglo to spend US$10 million on exploration in return for a 40% stake in the three projects held by Eurasia in Kola."

https://www.proactiveinvestors.co.uk/companies/news/429/eurasia-encouraged-by-drilling-results-at-monchetundra-0724.html

GLA

Good old Anglo, funding all that exploration back then Rowka, it was very nice of them lol

GLA

Sounds good Rowka. All in the data room from the potential buyers to peruse. I can just imagine their faces when they spot certain grades in amongst all the data there. . .jaw hits floor, WOW.

GLA

The worlds top gold producer by 2029, and also extending its palladium lead -

https://www.mining.com/russia-on-track-to-become-worlds-top-gold-producer-by-2029-report/

GLA

I keep forgeting that LSE has changed the RNS links, here -

have changed, here -

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-k5qgv48x511odqt.html

GLA

Around this drilled hole, would be a good place to look for a sweet spot i would think Plface. Amazing palladium grade -

At MT -

Mt-086

49.0-50.1

1.1

12.28 GOLD

6.52 PLATINUM

98.8 PALLADIUM

2.13

0.15

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-vb2ceddp6ckwuq5.html

GLA

For any would-be buyer to peruse in their leisure. Always handy to know what's in the ground that you're looking to add as flanks -

"Eurasia maintains a drilling and exploration database of proprietary information for the Monchetundra Project some of which is information dating back to the Company's joint venture with Anglo American. This includes the area for which the mining licence was received in late 2018, as well as the surrounding area within a larger exploration license."

GLA

Yeaterdays RNS proves that their plan is running very well and on schedule. All looking very good for us shareholders -

Christian Schaffalitzky, Executive Chairman of Eurasia, commented: "The Board remains focused on maximising shareholder value, and, after receiving approaches from multiple parties interested in acquiring Company's assets, has decided that launching a formal sale process under the Takeover Code is in the best interests of shareholders, which could result in a sale of assets or the Company. The Company will work with UBS and its other advisers to execute the process."

GLA

Thanks Trift.

Hopefully a nice high volume day again tomorrow.

See yous in the morning.

GLA

A green coffin, have fun, they really don't give up by the look of things.

I can smell a lot of burning at the minute, bless them.

GLA

It's been 4 months since the April RNS stating that we are just waiting for the license to land for MT flanks though, so plenty of time has passed. The starting of the FSP, also shows that they're confident of receiving them imho.

I'm sticking with this week or next. Sorry if i've confused anyone with these recent posts, too much time in the sun today.

GLA