Member Info for Onassis

Leg up before close.

Tick, tick, ticking up. Strong Buy on tradingview.

In Q4 2020 Platinum posted a deficit of 170 koz as strong demand in the auto, industrial and jewellery sector sustained strong investment demand for Platinum.

Supply is weak
The deficit for the Platinum market was the largest on record with a 2020 total of -932 koz. Total demand dropped by 7%, the sharp decline in mining supply of 20% (1203koz), and the total supply fell by 1413 koz.

A deficit is set to remain
As economies get back to normal on the global vaccination programme the demand for platinum is forecast to increase by 3% and supply to recover to 17%. The net result, however, is still to be a deficit of -60Koz in 2021 with a third annual deficit.

Time for loading up.

MUm's are playing with your minds while manipulating the shareprice. Nearly all buys from 8am bell.

BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or get paid to help a Short make their bones. They're going to kick up as much dusk as they can and attack other posters in order to buy your shares on the cheep. They know there is major value here, but hold and top up on the dips.....Simples

Hold on to your golden tickets and top up at every opportunity. It will come

The nugget will need to be analysed under a spectrometer. This can take anywhere up to a week depending upon the complexities of the metals involved.

As for McDonald's they have run out of milkshakes.

Look at this RNS dated 11 November 2019. If the below don't give LTH and new investors confidence with their investment in Eurasia Mining nothing will.
Hold for GOLD

I am posting it to improve my previous post, just a little but crucial correction.

Apart from the wonderful thing of a top PhD Russian specialist (ex Goldman Sachs) brought in with no salary but only highly motivational shares, there is also a mention of Queeld Venture.

Queeld Ventures still hold 307,250,000 shares which, following various warrant exercises now represent 11.63% of the issued shares in the Company.

On the 11 11.2019 the share price was around 3p!

If these guys had wanted to sell at 18p post suspension they would have made a staggering (307million shares x (18p-3p=15p) = 46million quid !!!!

Why did they not sell?? ;-)) They could have easily done it, EASILY. 46 millions profit!!

They did not because they know they will make more.

https://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3AEUA&name=&type=1&size=2&period=13&date1_day=08&date1_month=11&date1_year=2019&date2_day=23&date2_month=07&date2_year=2020&ind_type1=0&ind_type2=0&ind_type3=0

http://otp.investis.com/clients/uk/eurasia-mining/rns/regulatory-story.aspx?cid=403&newsid=1344207

Remember.......Monchetundra could be worth >$14bn by 2026.

"So we know from previous RNS that West Kytlim is planned for eventual scale up to 2tons a year, probably to show what it is worth to a new owner.

We know there is a ready to go plan for Monchetundra involving SinoSteel for around 4tons (approx 125Koz) a year. Alexei Churakov gave a Kommersant interview in January stating likely EBITDA of $250m from this.

What would happen to share price upon resumption if a similar scale up plan has been devised for Monchetundra to take advantage of the 15Moz resource with flank approval granted?

No point digging out 150kz a year, you’d be there 100 years!

It would make more sense to see them aim higher, maybe a plan for 780Koz so life of mine is around 18-20years. This will take a few years to achieve, but the low cost nature of extraction via open pit will mean new owners can start production by 2021, maybe 2022 at the latest.

Higher potential EBITDA – $1.5bn to $2bn a year means much higher company valuation.

Allow a hefty discount for building the bigger facility, probably around $1bn, you’d still be looking at $4-5bn to ensure you secured the asset that will generate $15-$20bn over less than 20 years.

(This is conservative as well – 15MOz at Pd price each year, less $325/Oz costs)

This may mean some investors need to be a little patient whilst the plans are drawn up. It doesn’t mean Eurasia will be activating the plans, think of it as a feasibility study.

It is very hard not to be optimistic about the future when you work out what this vast resource will yield".

Eurasia Mining (LON:EUA) has made huge progress over the past year, thanks to a number of developments that look set to transform the company from a minor prospector to a significant player in the mining industry.
This time last year, on 9 July, Eurasia Mining came back to market from a six-month suspension, with many questioning its future. The management have proved doubters wrong, building the company over the past year to a market cap of about £730m (May 2021), a solid cash position of $23m, minimal debt and a clutch of hugely valuable assets. The company is developing two key assets. One is the West Kytlim mine, which produces platinum group metals (PGM) and gold in the Ural Mountains, Russia, with a production target of 64,000 oz of palladium, platinum, iridium and rhodium. So far it has had one plant in operation but this year two more are coming on stream. Eurasia Mining's directors expect a significant increase in capacity and revenues, providing working capital for the group. Hold on to your golden tickets and top up on the dips!.

Blue Friday tomorrow

Eurasia Mining (@eurasiamining) Tweeted: Environmentally sustainable mining of green metals / 4 PGM at West Kytlim, scaling up at full swing with rehabilitation ongoing. Electrification is underway to further contribute to lower carbon mining and our ESG focus. More detail in our Annual Report at https://t.co/XKTJitxPsC https://t.co/mJj1CXCpvg https://twitter.com/eurasiamining/status/1409918858337701908

Eurasia Mining (LON:EUA) has made huge progress over the past year, thanks to a number of developments that look set to transform the company from a minor prospector to a significant player in the mining industry.
This time last year, on 9 July, Eurasia Mining came back to market from a six-month suspension, with many questioning its future. The management have proved doubters wrong, building the company over the past year to a market cap of about £730m (May 2021), a solid cash position of $23m, minimal debt and a clutch of hugely valuable assets. The company is developing two key assets. One is the West Kytlim mine, which produces platinum group metals (PGM) and gold in the Ural Mountains, Russia, with a production target of 64,000 oz of palladium, platinum, iridium and rhodium. So far it has had one plant in operation but this year two more are coming on stream. Eurasia Mining's directors expect a significant increase in capacity and revenues, providing working capital for the group. Hold on to your golden tickets and top up on the dips!.

Blue Friday tomorrow

Eurasia Mining (@eurasiamining) Tweeted: Environmentally sustainable mining of green metals / 4 PGM at West Kytlim, scaling up at full swing with rehabilitation ongoing. Electrification is underway to further contribute to lower carbon mining and our ESG focus. More detail in our Annual Report at https://t.co/XKTJitxPsC https://t.co/mJj1CXCpvg https://twitter.com/eurasiamining/status/1409918858337701908?s=20

Look at this RNS dated 11 November 2019. If the below don't give LTH and new investors confidence with their investment in Eurasia Mining nothing will.
Hold for GOLD

I am posting it to improve my previous post, just a little but crucial correction.

Apart from the wonderful thing of a top PhD Russian specialist (ex Goldman Sachs) brought in with no salary but only highly motivational shares, there is also a mention of Queeld Venture.

Queeld Ventures still hold 307,250,000 shares which, following various warrant exercises now represent 11.63% of the issued shares in the Company.

On the 11 11.2019 the share price was around 3p!

If these guys had wanted to sell at 18p post suspension they would have made a staggering (307million shares x (18p-3p=15p) = 46million quid !!!!

Why did they not sell?? ;-)) They could have easily done it, EASILY. 46 millions profit!!

They did not because they know they will make more.

https://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3AEUA&name=&type=1&size=2&period=13&date1_day=08&date1_month=11&date1_year=2019&date2_day=23&date2_month=07&date2_year=2020&ind_type1=0&ind_type2=0&ind_type3=0

http://otp.investis.com/clients/uk/eurasia-mining/rns/regulatory-story.aspx?cid=403&newsid=1344207

BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or get paid to help a Short make their bones. They're going to kick up as much dusk as they can and attack other posters in order to buy your shares on the cheep. They know there is major value here, but hold and top up on the dips.....Simples

Don't forget........Monchetundra could be worth >$14bn by 2026.

"So we know from previous RNS that West Kytlim is planned for eventual scale up to 2tons a year, probably to show what it is worth to a new owner.

We know there is a ready to go plan for Monchetundra involving SinoSteel for around 4tons (approx 125Koz) a year. Alexei Churakov gave a Kommersant interview in January stating likely EBITDA of $250m from this.

What would happen to share price upon resumption if a similar scale up plan has been devised for Monchetundra to take advantage of the 15Moz resource with flank approval granted?

No point digging out 150kz a year, you’d be there 100 years!

It would make more sense to see them aim higher, maybe a plan for 780Koz so life of mine is around 18-20years. This will take a few years to achieve, but the low cost nature of extraction via open pit will mean new owners can start production by 2021, maybe 2022 at the latest.

Higher potential EBITDA – $1.5bn to $2bn a year means much higher company valuation.

Allow a hefty discount for building the bigger facility, probably around $1bn, you’d still be looking at $4-5bn to ensure you secured the asset that will generate $15-$20bn over less than 20 years.

(This is conservative as well – 15MOz at Pd price each year, less $325/Oz costs)

This may mean some investors need to be a little patient whilst the plans are drawn up. It doesn’t mean Eurasia will be activating the plans, think of it as a feasibility study.

It is very hard not to be optimistic about the future when you work out what this vast resource will yield".

Vladimir Ivanchenko is a very reputable geologist in Russia and a senior geologist at Rosgeo (the head geologist at Rosgeo for North West including Kola). He makes the following statements in his interview to OTR, the mainstream TV channel in Russia.

1. PAS [GMF78 : is in fact POAZ, it is a typo in the Russian script of the interview, the voice interview clearly says POAZ] is the largest in Europe deposit of PGMs. Palladium resources are 325 tons of palladium, we have estimated platinum – 37 tons, besides platinum and palladium, there is also nickel, copper, cobalt and gold. Nickel – 570 thousand tons, copper – 320 thousand tons, plus a rather large ore occurrence, which, in general, gives the right to work for about 60 years. If in dollars, then this is about 41 billion dollars

[GMF78 : this is now around $42.3bn on current prices]

2. Moreover, Nittis-Kumuzhya-Travyanaya and Poaz, or rather, Nyud-Morshkovoye, all this gives out about 60 billion dollars.

[GMF78 : he means NKT (Eurasia’s MT flanks license) and Nyud (announced by Eurasia as the first project within Rosgeo JV) in total give $60bn.]

3. In addition to this, even before that, large deposits had already been found – these are Plast 330 and Monchetundrovskoe [GMF78: this is our MT production license].

4. Norilsk, there is also ore, in general, there is not so much rich ore, do you understand? Poor ores, they are poorer than we have in Monchegorsk

5. That is, if we compare with Norilsk, ore is mined there at great depths, then in Monchegorsk it is practically on top and its cost is lower than in Norilsk

Opinion
So we have an area of the Rosgeo JV that their lead geologist is clearly excited about, with a rough value of $60bn assigned to this. The full JV will contain more areas, but it seems the first area Nyud is round $19bn extra in situ value and Eurasia

BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or get paid to help a Short make their bones. They're going to kick up as much dusk as they can and attack other posters in order to buy your shares on the cheep. Hold and top up on the dips.....Simples

The Directors are pleased that we are consistently delivering on our promises in terms of our expansion plans, cost reduction and last, but not the least sustainability.