Member Info for mac4671

"If you are a startup or a private company, and you’d still would like to only use the multiple approach, you should apply these multiples on the last year of your projections, and discount the result to today."

GLA

https://www.equidam.com/ebitda-multiples-trbc-industries/

GLA

We specifically benefit from - "You benefit from a first-class, one-stop advisory and execution service."

Spikey doesn't as spikey isn't invested lol

GLA

I have him green boxed, but the UBS M&A is very straight forward, especially the advice for sellers bit -

https://www.ubs.com/ch/en/swissbank/corporates/corporate-finance/m-and-a.html

GLA

7kg a day sustained for a season say, apply the sector ebitda multiplier and you arrive at a decent sum just for WK alone tbh -

https://www.bvresources.com/blogs/bvwire-news/2019/01/03/ebitda-multiples-by-industry-new-statistics-on-private-company-selling-prices

GLA

"Machinery and equipment

In addition to the existing machinery and equipment already owned by the Company as described in the announcement dated 26 November 2019, a lease agreement has been signed with Leasing-Trade in relation to the following:

· Two new Hitachi ZX330LC-5G excavators that have already been shipped and are currently operating at site, and a further Hitachi ZX300LC-5A excavator awaiting shipment;

· A 30 ton Chetra T15 bulldozer arrived on site on 15 March 2020; and

· The lease agreement also provides for the delivery to site during April 2020 of additional 4 Kamaz 20-tonne ore haulage trucks.

A fuel truck, that was purchased by the Company, completes the mobile fleet at site."

"Feasibility study

The Company is working on a Feasibility Study for the entire mining license area at West Kytlim, instead of at the Bolshaya Sosnovka area only, as originally proposed. Due to reserve and operational data generated over several seasons of mining, the Company has been able to strengthen its geological knowledge and apply this information to all resources on the mining license. As a result, the amount of drilling already undertaken is considered sufficient to raise the resources on the mining license to mineable categories pursuant to the Russian mining standard (GOST). The Feasibility Study now being worked on aims to raise all resources on the property to mineable categories within a single Feasibility Study and without further drilling. This is aimed to accelerate the development of multiple sites in parallel, which should significantly increase production volumes."

Max ebtida at WK before full company sale?. A certain sustained production volume may well have been proven by this stage of working it themselves!

GLA

Hammer and tong -

"· To ensure sufficient available mineable material for the 2020 season the Company has taken measures to ensure the Bolshaya Sosnovka area will be available for mining. This area contains reserves previously approved as 748Kg (c. 24,000 oz) Raw Platinum (see RNS dated 22 April 2014 where the Bolshaya Sosnovka area is referred to as TK Area 1). A drilling program of 682.5m, inclusive of 192m of larger diameter verification drilling was completed at this area during 2019 and was designed to bring these reserves to mineable status with approval to be sought over the winter period in accordance with the applicable laws. This should allow the Company to start mining at Kluchiki, and enable it to stockpile the ore until such time as the processing season starts (with the processing anticipated to start in March 2020). Mining at Bolshaya Sosnkova should commence thereafter.



· The Kluchiki reserves which are already available are in addition to those at the Bolshaya Sosnovka area."

It's a good read gmf.

I'm of the opinion that Dmitry will do exactly what is best for every shareholder, he has so far and looked after all the little guys like myself.

It's quite some holding that the BOD have here, has always shown confidence -

Directors - 555,217,013 20.37%

"Mainly for his assistance with Lesego Platinum to ensure Mr. Churakov's motivation and to avoid dilution of the other shareholders of Eurasia, Mr. Dmitry Suschov has agreed to transfer 25.472% of the share capital of Deloan Investments Limited, a company beneficially owned and controlled by Mr. Suschov and holding 275,377,066 shares in the Company (11.07% of issued share capital) to a company beneficially owned and controlled by Mr. Churakov for a nominal consideration. Accordingly Mr Churakov is deemed to have an indirect interest in Eurasia shares through this holding."

https://www.lse.co.uk/rns/EUA/eurasia-mining-plc-senior-management-team-appointment-i84vpyiztdgkr4i.html

GLA

Your satellite images tell me that they're hammering that infill drilled area, with you 2km measurements yourself, it starts to marry with what is mentioned in RNS.
It leads me to believe the arguments were down to the contractors wanting more of the bonanza pie, our BOD quite clearly refused and decided to go hammer and tong at it themselves, your images pretty much prove that with the rate they're clearing etc.

GLA

Well, when i say central, central for that reserve area cluster, there's another quite clearly visible on their website map south westerly from there as well.

GLA

"Drilling occurred as infill drilling on 6 traverses within the Kluchiki Area which spans a distance of more than 2.5 kilometers in an east west direction"

https://www.lse.co.uk/rns/EUA/eurasia-mining-plc-kluchiki-reserve-drilling-and-mine-season-update--a3scd8cl3sqat9c.html

GLA

That's the "Evidence for bonanza grade ore pockets within the latest Kluchiki drilling results." alex, if you come east from there you'll get to the the central area of the state approved reserves. The scale on their website map is very clearly wrong when you marry it up to the ground size areas mentioned in RNS -

https://www.eurasiamining.co.uk/operations/west-kytlim

https://www.eurasiamining.co.uk/images/2018/KL-2018.jpg

GLA

I agree you-know, "last non consolidated palladium play" makes it a now or never situation, and right before the very clear shift to cleaner tech.
More efficient cat converters, hybrid petrols, hydrogen etc.

Current S.A problems will also play highly to our advantage in this bidding situation.

GLA

You're very welcome maytal.

GLA

10 working days is correct, hopefully an interesting week ahead where they're concerned.

GLA

That is not my current valuation, that was merely the final closing price sp on the first day back trading, if it ever does come back.

Just a guessing game which was started many months ago for fun and to keep conversation going on the chat board.

£1.17 is my final bid price guess, after a good bidding war!

But anything between the two is most welcome.

GLA

It has always been the plan green, it has been in RNS since 2015. Well at least it was always the plan for MT at the very least.

GLA

Why now aston, well because they see it as the perfect opportunity to finish their original plan, but instead of just aiming for this. "crystallise substantial value from our Monchetundra interests", they can crystallise significant value for the whole company! -

Christian Schaffalitzky Managing Director of Eurasia Mining said: "We have received a significant amount of interest in the Monchetundra asset from third parties and detailed discussions are continuing.

Should the Company crystallise substantial value from our Monchetundra interests it would be a highly significant achievement, however whilst discussions continue it is important to progress the asset on the ground. By securing a Discovery Certificate for the licence and by pursuing various exploration and development steps, we believe we can add significant value to our interests and increase the degree of commercial interest, for any parties wishing to engage with the project.

We will provide regular updates on our work and any corporate matters related to our projects. We also look forward to releasing further information in respect of West Kytlim, Monchetundra and in respect of additional opportunities, in the near future."

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

GLA

That's where the ACF report is handy, because it allows a way to value the 4Moz in a fashion.

You can pretty much guarantee that the BOD of eurasia will have all the paperwork ready to apply for that 4Moz as soon as the 15Moz final sign off comes, WK tipil application is a very good indicator of that imho.

GLA

What we would be talking about with MT would be the extra 4Moz due to the exclusivity rights. We can forget about the 25Moz in terms of any value in this current 'for sale' situation. Or if it does add any value, it will be extremely minimal imho.

So for sale at MT, it's 15Moz with exclusivity rights to a potential extra 4Moz. Now that in itself is a huge resource and should attract a huge bid -

"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."

It's that 19Moz where i see all the value for MT in the present 'for sale' situation.

GLA