Member Info for ogm4

#EUA #Platinum #Palladium ?????????????? ???????? ??????????

The @eurasiamining team, last week paid a visit to the Kevitsa Mine (Ni-Cu & PGE credits)

Recently acquired by Boliden for EUR650M

Monchetundra has higher PGE grades with Ni and Cu also recoverable

2 EUA company tweets out 1hr ago on a Sunday evening

bring on tomorrow morning !....

https://www.vtbcapital.com/about/notable-transactions/

Typically in the 100's of millions at least...

no worries

Mind you, palladium is now 20 pct more precious than gold !

Palladium tops $1,800 for first time as shortage persists

Bloomberg News | October 28, 2019 | 10:54 am Markets Africa China Europe Palladium Platinum 

https://www.mining.com/web/palladium-tops-1800-for-first-time-as-shortage-persists/

Recap VOX podcast in June:

* EUA has largest alluvial PGM mines in the world (palladium, platinum, rodhium as well as gold)
* All of EUA's projects are open pit mining (very cheap to mine)
* EUA's total reserves and resources are palladium driven - "quite significant"
* Zero debt
* Located in very good infrastructure area
* EUA mining cost on bottom global cost curve - lowest production cost in world similar to Norilsk Nickel
* Very similar to bedrocking - no need to blast (low cost open pit)
* EUA achieved very significant increase in production since last year - established producer
* EUA received production licence until 2038 (!)
* DFS showed grades are consistently higher 3-4 x times than initial estimates
* Majority of palladium is being produced in South Africa, however SA requires to mine deeper and deeper recently plus they are encountering also lower grades than previously c/w substantially increased energy prices (higher cost environment) opposed to Russia - hence EUA mining in Russia much more favourable
* etc

Anything I missed ?...

No wonder multiple parties are interested in these monster deposits.
Not even mentioning the wider flanks.

Remember…

EBITDA from Monchetundra only ramp up: $28m in 2021, $55m in 2022 and $75m annually from 2023 according
to Optiva Securities at $1,000 per oz of palladium price assumption

Mind you currently we're at $1,800 per oz, almost double the prize !...……...

no worries, it's in the public domain anyway

Eurasia, an established producer of palladium, platinum, iridium, rhodium and gold is pleased to announce that CITIC, one of China's LARGEST investment banks and VTB Capital, one of Russia's LARGEST investment banks (together the "Banks")

*** have ALREADY started (EVEN PRIOR to SIGNING their respective engagement letters) assisting the Company with STRATEGIC OPTIONS for its current mining assets ***

(the Company's Kola and Urals assets (the "Assets")), including assessing the proposals set out in the announcement on 15 September 2019.

*** The Banks have AGREED TO WORK ON A SUCCESS FEE BASIS, so that their motivation is DIRECTLY LINKED to a SUCCESSFUL COMPLETION of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019. ***

*** The interest from the Banks is originating from the recent palladium acquisitions namely Stillwater for c. US$2bn by Sibanye in 2017 and NAP for approximately CAD$1bn by Impala Platinum earlier this month. ***

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

Now what does this tell you?....

Holders and accumulators will win here in the near term.
Read the RNS's, watch the full video.

.

.

success folks

The thing is everyone wants palladium as there is a massive demand - large global shortages force the price higher and higher

Glencore/Rio Tinto or any of a dozen Chinese/Russian majors will be looking at this now.

Last large scale palladium mine in the world to be developed

====================

Common advice on AIM you often hear is to take healthy profits along the way.
That doesn't hold for EUA at this stage. This is a MONSTER.

fireworks indeed!.... ;-)

expect fireworks this morning

they must be clearly overexcited about recent developments, why else tweet on a Sunday eve?

on a Sunday evening... hmm next RNS out soon?...