Member Info for mac4671

All the previous data needed to be confirmed by Anglo and Eurasia rowka, it's where the RNS disclaimers come from. They know what has previously been done there, but they can't confirm it as they have not personally explored it -

"In relation to the additional 25Moz of PGMs (those resources in addition to the 15Moz contained in the Mochetundra Project and its flanks) it should be noted that there is no guarantee that all these additional 25Moz of resources will prove to be economic or that Eurasia will be granted a licence over all of these 25Moz of PGM resources."

That sentence that tells you that they don't know if all the extra 25Moz is economic, also tells you that they know the 15Moz is.

GLA

A very odd, but seemingly perfect game of chess rowka.

GLA

With mining, ground data is where the value comes from. Eurasia have a lot of ground data from exploration back in Anglo JV days, and so any buyer will go through all the ground data very thoroughly, they will more than likely do their own calculations on the data to verify it all, look over rock core samples etc. All part of their due diligence.

Norilsk Nickel helped drill NKT with russias goverment body, that is the flanks that come off west nittis, so norilsk already know exactly what is in that area.

You also have the AP project, no one knows exactly what is or has happened with it, but their equipment is all for getting a more accurate picture of what's in the ground.

How this all pans out, we'll just have to wait and see, but bench marking against the previous deals in the sector should give you a good idea.

GLA

I spent a lot of time when i first got here digging through all of eurasias stuff, so i know how long it all takes to find what was the plan hidden in historical RNS.
The new people appearing may not have time to go through it all, we're at the final eurasia furlong with the FSP after all.

I just hope that anything i post helps to counter any concerns new people may have. The reason is simple, it's the BOD, in my experience on AIM thus far, the type of BOD we have here are very rare. Couple that with the very unique MT asset and you end up with a big winner staring you in the face imho.

It's very easy to get the wrong picture on a chat board, but with facts there is no room to manoeuvre, they are what they are and can be verified by absolutely anybody.

Thank you for the kind words that come my way, i'm not going anywhere until the big Monchegorsk ship comes to port, whether earache or any others like it or not.

GLA

Very interesting earache, the facts are posted for the new people, it makes it easier for them to find.
Well done with your average, you seem very proud, good luck with your investment, have a lovely day.

GLA

They've always been the most likely contender in my view, but never underestimate the chinese where it comes to getting a hold of what they want. NN, or any other company for that matter, will have a tough job out bidding the chinese imho.

GLA

Originally investingqueen, the plan had always appeared to be to get Monchetundra to a certain stage and then sell it. There have been interested parties in it for a number of years now.
I'm like you with the view about the BOD, we have shrewd investment bankers on it, so there is no doubt in my mind that they will indeed arrive at the best decision which will create value for us all -

"We have always considered Monchetundra to be an attractive project and the recent expressions of interest, including the concept of an outright proposal to acquire the project, and the desire to secure an EPC contract in relation to Monchetundra, clearly demonstrates that our judgment was well founded."

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w3d64jx

GLA

Earache, these are all factual posts about erasia, the things we should be discussing. Not ironing and sexual orientation.
I will post as much as i want about the company i am invested in, thank you.

GLA

Also, what are your thoughts on benchmarking Monchetundra against these? -

Sibanye acquired Stillwater in May 2017 for $2.2bn - paid 15% in-situ resource.

Implats acquired North American Palladium in Oct 2019 for C$1bn - paid 12.3% in-situ resource.

https://www.miningmx.com/news/platinum/38824-how-does-implats-lac-des-iles-stack-up-against-sibanyes-2017-stillwater-deal/

GLA

How do you feel about being affected by maximum shareholder value?

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."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-s2dz3bhew85fz5j.html

GLA

Please tell me how they feel as to regards the Monchetundra asset, and the resources that we have legal rights to here?

"The total amount controlled by Eurasia and under flanks exclusivity right application is c.15Moz of PGM as per the State Cadastre with an additional c. 4Moz also within the 5km exclusivity area."

GLA

The bot flies are creating a new system to take attention away from informational chat on Eurasia, do not fall for it, keep your focus on Eurasia chat. Sexual orientation is irrelevant while discussing Eurasia, we're all here as shareholders to support and learn about the same company.

GLA

Are you a shareholder?
Could you be affected by maximised shareholder value?

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."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-s2dz3bhew85fz5j.html

If you're not shareholder, then perhaps become a shareholder in to have your chance at being affected by maximum shareholder value!

GLA

The boy fly battles have indeed been brutal at times, it is what happens when the crowd gets larger, the noise only gets louder!.

Before the bank RNS it was just a quiet board with a few posters at either side of the bull vs bear fence, who were waiting on the drawn down on the sinosteel contract.

GLA

Are good to benchmark Monchetundra against -

Sibanye acquired Stillwater in May 2017 for $2.2bn - paid 15% in-situ resource.

Implats acquired North American Palladium in Oct 2019 for C$1bn - paid 12.3% in-situ resource.

https://www.miningmx.com/news/platinum/38824-how-does-implats-lac-des-iles-stack-up-against-sibanyes-2017-stillwater-deal/

GLA

" 'this is it lads' and 'yes boys!' "

Never seen any of that here tbh, there has always appeared to be female posters, well at least since the bank RNS anyway.
There are a few females on twitter, they've tweeted regularly throughout tbh.

Welcome, and good luck with your investment.

GLA

MT the beautiful palladium monster.
Zone 2 will not be included in any present resource numbers i believe, they would have to register them and apply for the mining license of them once the open pits have become depleted, or at a stage shortly prior to that point, in order to continue mining the area to the best efficiency.

"The total amount controlled by Eurasia and under flanks exclusivity right application is c.15Moz of PGM as per the State Cadastre with an additional c. 4Moz also within the 5km exclusivity area."

With drill data of zone 2 clearly in eurasias hands, then any professional big player looking to buy will be fully aware of that.

GLA

MT goody zones -

Zone 2 allows for underground mining once the current planned open pits have been depleted. Years and years of metals at MT :

"Zone 2 emerged as having underground mining potential, delivering grades increasing with depth from 4m at 1.7 g/t Pt+Pd at 75m depth to 3.6m grading 8.4 g/t Pt+Pd at 190m depth."

https://www.proactiveinvestors.co.uk/companies/news/226/eurasia-mining-revisited-0188.html

GLA

"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."

Mine life: >20 years

Target production: 1,000koz at full capacity

GLA

"Eurasia began working at the Monchetundra Project in 2006 and developed the project from a green fields exploration project, initially in a joint venture with Anglo American Platinum whose interest Eurasia bought in 2014. Field work comprised extensive trenching, geochemical sampling, geophysics programs and several generations of core drilling for a total of 33km of drill core."

"The applied for area comprises a significant portion of a zone to the north and west of the West Nittis deposit known as the Nittis Kamuzhaya Travanya (NKT) Massif, an area previously mined for high grade nickel and copper mineralisation and with significant resources in PGM. Further potential resources exist in the on strike continuation of the mineralisation at Loipishnune as it extends into the area between Loipishnune and West Nittis, beyond the current mining license, in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006)."

See it there, glistening in the sun? - "in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006)."

"This EPC contract is being advanced as part of discussions with third parties for the sale or joint venture of the project"

Sinosteel are very confident to achieve this - "The contract provides for engineering, procurement and construction of a 1.7 million tonnes per annum PGM beneficiation project at Monchetundra."

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w3d64jx

"The title of the slides for investors prepared by VTB Capital is as follows: "The Last Non Consolidated Palladium Play"."

"We are also delighted to welcome Iain to the Board, who as a qualified lawyer and M&A practitioner will strengthen our execution team, while we are making progress on our M&A plans."

GLA