Member Info for mac4671

A EPC to suit this new mine life and production target dynamic -

Mine life: >20 years

Target production: 1,000koz at full capacity

GLA

They brought him on board for his experience Musso, as per RNS -

"In the Company's announcement of 16th September 2019, it was noted that the appointment of Mr. Nieuwenhuys to the board would only occur if a potential transaction with Lesego Platinum was to progress. The Company would like to reiterate that there has been a change of approach at board level, and at this stage, there is no intention to enter into any arrangement with Lesego, although both companies continue to keep this under review. Instead, the Directors believe that the experience of Anthony and his contacts, especially among PGM and gold producers in Russia, China and South Africa, could be beneficial for the Company as it continues to explore potential options for the Company's assets including a potential sale of the Company's mining assets. However, as previously stated, there can be no guarantee that any transaction, with any party, will occur."

It's quite plausible he was brought here to look at the resource with flanks and make a new EPC plan which would maximise potential ebitda, therefore maximise potential value.

AIMHO

GLA

The ebitda mentioned is per the original production volume target, if you look at recent RNS, that MT production target has changed several fold.

Again, a new EPC may be under NDAs, no one knows, but the new production target is there for all to see.

"JAMES NIEUWENHUYS
Non-executive Director
James has held senior positions including Chief Operating Officer at Polyus Gold, Russias largest gold miner, and is currently Chief Executive Officer at South African Lesego Platinum Mining Limited. James has an engineering background and has also held senior positions at a number of EPC organisations."

!!!James has an engineering background and has also held senior positions at a number of EPC organisations.!!!

GLA

I've read it many a time. Have you noticed that quite a lot of what Aleksey Churakov may have said has been removed -

”he said. In his opinion, given the company's resource base (including on the flanks of licenses) in the amount of more than 15 million ounces in palladium equivalent,

It comes to an abrupt stop, with no finalisation to what he was putting across. NDA sensitive perhaps.

GLA

That's what we like to see, nice sector deals to accurately bench mark against -

Look at the sale RNS, bench mark the resources here to previous deals in the sector.
That's where you will get the most accurate picture of what is happening with the potential asset/s or company sale -

Stillwater for c. US$2bn by Sibanye in 2017

NAP for approximately CAD$1bn by Impala Platinum in 2019

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

GLA

FOR SALE, buckets upon buckets of the finest PGMs and gold in town -

WEST KYTLIM



Established low-cost and cash generative asset with capacity expansion upside.



Asset overview:

Ownership: 68%

Operating Partner: Owner operated

Region: Sverdlovskaya Oblast

Mine type: Open pit soft rock PGM

Licensing: Production license to 2040.

Status: First industrial production 2018, ramping up to nameplate capacity

Product/Offtake: PGM concentrate (Platinum, Palladium, Rhodium, Iridium), and Gold

Infrastructure: Sealed road 80km, gravel road 24km

Mine life: >20 years

Target production: 64koz at full capacity

Exploration upside: Expanding mineable reserve base via application for adjacent licences; all drilling completed on mining right

MONCHETUNDRA



A fully funded development project; with 15moz palladium dominated PGM resource, it is one of the largest assets globally not owned by a PGM major.



Asset overview:

Ownership: 80%

Operating Partners: Sinosteel, Central Kola Expedition

Region: Murmanskaya Oblast, Russian Kola Peninsula bordering Finland.

Mine type: Open pit.

Licensing: Mining license to 2038. Financed via Sinosteel EPCF.

Status: Preparation for production.

Product/Offtake: PGM and base metals concentrate (Palladium dominant, Platinum, Gold, Nickel and

Copper).

Infrastructure: Road, Rail, Sea Hub, Power and labour. Close to Finish border

Mine life: >20 years

Target production: 1,000koz at full capacity

Exploration upside: Expanding mineable reserve base via acquisition of adjacent licences.



2019 Summary



- Detailed Project Design Report submitted and approved

- Flanks application lodged.

GLA

I am a shareholder, proud one at that, and as having my share, i stand firmly with the BOD in their aim to maximise shareholder value.

Maximising value via a sale process is exactly what i want to hear as a shareholder, because that means the BOD, who are also shareholders, are working their sock off for each and every one of us.

UBS signed up, let's role -

"The Company will work with UBS and its other advisers to execute the process."

GLA

For sale, for sale, competition is off the CHART, NDAs are already in place for MT, i repeat, NDAs are already in place for MT -

"Parties with a potential interest in making a proposal should contact UBS (contact details as set out below).



The interested parties shall be invited to submit their proposals to UBS. It is currently expected that any interested party wishing to participate in the formal sale process will, at the appropriate time, be required to enter into a non-disclosure agreement with Eurasia on terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties participating in the formal sale process, before being permitted to participate in the process. 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."

GLA

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

GLA

For sale, for sale, the whole company or its assets in part.
Grab the whole pie or a good slice of the PGM and gold pie, choice is yours.

GLA

Role up now, role up, this is 'The Last Non Consolidated Palladium Play' FOR SALE, not the second last or the third last, the VERY LAST.

So please, if you want to get your hands on this bulging at the seams palladium play, get those bids in.

Winner will be announced in due course.

GLA

Assets full of PGMs and gold.

You like the palldium price?. Why not bag yourself a whole palladium asset?

We have here a very unique predominantly palladium huge asset far sale, form an orderly queue and get your bids in.

The rules are very simple, HIGHEST bidder wins tge PGM goodies.

Best of luck.

GLA

If anyone who has been here for some time should of learned by now, it is that these board attacks and sp downward movements are always followed by large buys appearing.

That phenomenon has happened since oct.

The direct post headers and posts spreading false information come rapidly at the time.

GLA

I get the feeling that they will be issued to the new owner, the buyer. It is all possibly arranged with the authorities to do it that way as it will save them work, with not having to change license holder names at a later date.

Can't say for certain though, it's just pure speculation.

GLA

Don't change the 'for sale' process or the value of the assets.

Look at the sale RNS, bench mark the resources here to previous deals in the sector.
That's where you will get the most accurate picture of what is happening with the potential asset/s or company sale -

Stillwater for c. US$2bn by Sibanye in 2017

NAP for approximately CAD$1bn by Impala Platinum in 2019

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

GLA

That's what i would be interested in knowing, who has been the Dyson in all of this.

Therevwas a big one i see that needed hoovering up quickly lol

14-Jul-20 08:10:08 17.15 3 Sell* 0.51

GLA

You could probably also add some sort of value for that extra 4Moz we have direct rights to at MT. Not certain how you would do that however, perhaps something with a heavy discount attributed?

Anyway, the figures are what they are when you calculate them. It's best that everyone does their own calculations and determines their own value.

GLA

Me personally, i bench marked against previous deals in the sector using the 15Moz that we know the flanks application is in advanced stages.

Dmitry has dropped a WK production figure in interview, yoy can use that to establish an approx ebitda for a season at WK, apply the secor ebitda multiplier and you get a value for that.

GLA

Engagement letters have been signed, it's in RNS stating potential asset/s sales or a company sale. It's there in black and white, now all we have to do is sit with the feet up and see what lands on the table.

Ref value, use the future figures you know and discount back for today.
I believe lucretius on twitter has used that method and you would be surprised at what that valuation comes to.

GLA

You're very welcome Trift.

All the best to you.

GLA