Member Info for mac4671

"Other licenses as they land can be sold off in stages." - Indeed, hence ROFR (Right of first refusal) agreements with the Monchetundra buyer, as previously stated, allowing the buyer to expand in the area under similar purchasing and risk terms.

GLA

There is no complexity, that's simply how mining assets are developed to be sold.

The art of good business is to ensure minimum risk for both sides, that's the seller and the buyer, hence, exiting after the feasibility study (JORC's etc in our case) is the most appropriate time for exit while gaining full value in a sellers environment.

The ROFR also allows the buyer to expand, safe in the knowledge that they can gain further assets in the area under similar purchasing and risk terms.

It's low risk all round, all advisers will be advising them to take that route. Risk is something you minimise in potentially multi-billion transactions, no one wants to buy or sell a dud at that level!

GLA

GLA

It's a never ending license situation, the simple Business route for such things is the ROFR.

An example is this license right here, deadline 2nd quarter this year -

https://twitter.com/TheBakingTrader/status/1501485643813249027?s=20&t=sG9SNu_xkh9ebobLveQjLA

The only way to ensure MAXIMUM value for such assets in a 'For Sale' environment, is also via the ROFR agreement. Anything else, full company takeover etc, would just be cutting yourself short. For selling assets like the ones at Monchegorsk, for maximum value you sell after the Feasibility study just prior to project commissioning, which, for us right now, entails complete JORC's.
At that stage you gain maximum sale value and have zero construction risk. It's the appropriate time to exit assets if you're plan is to develop to a certain level and then sell on.

For the buyer, all of the exploration work etc is done, they simply buy and take them to production, which, for any major or consortium group, is an absolute cakewalk when a lot of the area in simple open pit mining to begin with. Some areas have open pits already in place which makes them even easier to take to production. Very low risk asset purchases for any would be buyer.

GLA

AGM is not far away, prior to such things they release the company figures pertaining to the company performance. It's all news which is inbound shortly.

As per the deal, look what appears to be NYUD coming over. It clearly forms an important aspect to the deal. Whether that's also being sold, or, it's what we'll use part of the sale proceeds to take to production ourselves, remains to be seen.

NYUD could very much be part of a longer ROFR agreement made during the FSP. Other Rosgeo JV assets also going to a large consortium style buyer as and when the pass to Eurasia after relevant JORC is done.

GLA

There are 11 months left of the mentioned 24, by the time the AGM comes in June it will be less than 10.

Time is flying by tbh.

GLA

Indeed Montmuzard, it's already paid for.

The other thing to think about is the 24 months to go over all Rosgeo JV assets, a lot of those 24 months have passed already at this stage and so it should be a very busy year on the Rosgeo JV news front.

GLA

For licences to arrive and other news on the run up to the AGM.

WK firmly back in production and churning out those lovely PGM and Gold nuggets.

The bargain territory will end at some point!

GLA

Indeed, it does appear that it has left Rosgeo, that means only one thing to us lovely Eurasia shareholders!. JORC must be complete at this stage as well i would say, we may be in for a long run of positive info on the run up to the AGM!

GLA

I expect to see the West Nittis and Loipishnune open pits started this year at Monchegorsk. With the snow melting at pace there now also, that may not be too far away. I suspect that any would be buyer will wanting to get cracking with both the plant construction and open pits this year, the demand scenario for the metals dictates an asap situation imho.

It's certainly very handy to have satellite images available at will these days -

https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=67.91449333170583&lng=32.88139343261719&zoom=12&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2021-10-01%7C2022-04-26&atmFilter=&showDates=false

Should be a very big year for Eurasia on multiple fronts tbh, it's going to nice seeing what they manage to get done this year!

GLA

Double digit temps are now a regular thing at Kytlym once more -

https://www.meteoblue.com/en/weather/14-days/kytlym_russia_537392

Satellite imagery shows us all that those temperatures has brought WK back in to ore processing -

https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=59.53977907557708&lng=58.94336700439453&zoom=14&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2021-10-01%7C2022-04-26&atmFilter=&showDates=false

They're not hanging around there that's for certain!

GLA

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https://twitter.com/kalantri_vijay/status/1518918190998249472?s=20&t=tQPW5xrzrN88ZJ7bmtZsww

GLA

NYUD, POAZ, SOPCHA, NKT etc etc, they have all been mined previously. It's a cakewalk to take them to production tbh -

1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232 - Currently in the process of gaining the license.
6: NKT - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz - https://rfgf.ru/gin/itemview.php?id=b2eabd5d1afdd02021dde143e6c0d859
"20300157 G-1-176GCM passport Layer 280
20131279 G-1-175GCM passport Eastern Vuruchuayvench
20124654 G-1-174GCM passport Poaz (bottom deposit)"
https://efgi.ru/object/20078236

Lots of Copper, lots of Nickel, lots of Rhodium etc etc

GLA

It's just a waiting game until news starts dropping on the run up to the AGM.

With Norilsk's new Lithium venture in Murmansk, it could appear that they're after the whole battery metal suite to be under their umbrella. It makes anything Eurasia sells at Monchegorsk a stand out target to them.

Something you'll notice is when Elon asks for more and cleaner Nickel, Norilsk responds. Elon asks for more Lithium and again Norilsk are responding!

There's a clear pattern forming with requirements mentioned and moves made from what is mentioned imho

GLA

Don't forget, Russia is a vast country full of what is required for the green industrial revolution. The situation at present is quite simple, there are certain company entities in Russia who can be trusted to get done what is required to be done, Eurasia Mining are one of those companies after many years of establishing themselves over there.

Others include Norilsk, Absolute Precision etc and they're now all singing from the same song sheet.

Eurasia have ran their ruler over many assets over the years, Volchetundra is the most prominent in Murmansk, the chances are that they will return to that asset at some point.

I suspect Eurasia is going to be the exploration and proving arm of what is needed, metal wise, for Russia's part of the green industrial revolution. Explore, prove, sell to the majors, but, also possibly keep some parts for themselves for production. There is enough cake to be shared among a hell of an amount of companies tbh, we'll just have to see how it all specifically pans out over the coming years. Carved up similar to the Bushveld perhaps!

GLA

It's a tiny amount of time away. They need to feed us some lovely positive RNS news to get us to vote what they need voted through at the AGM, always remember that!
It's also the perfect opportunity to raise any questions or concerns that you may have, so, start thinking of what you would like to ask at this years AGM.

WK is rattling on, satellite imagery tells anyone who cares to look! It would be nice to know if the draglines are indeed in place for this processing season, they will make a World of difference to operations there no doubt!

GLA

Here's the Chinese going in to Sakhalin news -

https://www.energyvoice.com/oilandgas/asia/405722/chinas-interest-in-shells-russian-gas-stake-adds-impetus-for-japan-to-stay/

GLA

Calm and relaxed due to the current temperatures around the operating asset -

https://www.meteoblue.com/en/weather/14-days/kytlym_russia_537392

AGM coming up in June, news is not far away in any case.

I will agree on one thing, it is odd that there has been no RNS this month, it was stipulated that the board would be having a meeting no more than 6 weeks apart, from which, i presume, an at least monthly RNS would come.

It is what it is though, perhaps they've just decided to get as much sorted as possible and make this years AGM a big one.

I saw something yesterday, as predicted, which suggested that a Chinese entity was looking in to taking Shells interest at Sakhalin. I assume that we'll see more of that kind of thing all year, Western parties pulling out and Chinese parties moving in.

At Monchegorsk, it's either a Chinese or a Russian buyer imho, so, nothing will be affected on that front.

GLA

The two sides are literally just one side sharing FACTS and the other side spouting nonsense, that's it, nothing more nothing less.

It's why one side always provides the third party relevant source of information while the other provides diddly squat.

GLA

I thawt i saw a thaw Caw, i did i did i saw a thaw Caw . . . . . .

PGM nuggets will be flying out soon!

gla

Hopefully the report comes like 2019 - "15th May 2019 7:00 am RNS Annual Report and Accounts"

"The Company is today, 15 May 2019, publishing the Annual Report and Accounts and a copy of a notice to convene the Annual General Meeting of the Company at The East India Club, 16 St James's Square, London SW1Y 4LH on 20 June 2019 at 11:00am. Copies of the Annual Report will also be available from the Company's website www.eurasiamining.co.uk from today 15 May 2019."

The website suggests it very well May, see what i did there lol -

May/June Publication of Annual Report

https://www.eurasiamining.co.uk/investors/corporate-calendar

It's all not very long away in any case tbh!

GLA