Member Info for panda1

Mac4671 - I totally agree, I've doubled my holding this week. West Kytlim alone is worth as much as the market cap. Monchetundra is worth many multiples of that, especially with such a high palladium price. Ignore the detractors, I'm confident we'll do really well here.

Good find Silverite - he must have very good connections. This is from an RNS in November: "The directors believe his planned direct investment in the West Kytlim project will be commensurate with his assistance in developing this asset and we believe it is beneficial for the Company, bearing in mind both his financing background with Goldman Sachs and Morgan Stanley and his mining industry background"

Alexei Churakov, a former Goldman Sachs and Morgan Stanley investment banker, just invested $350k in West Kytlim. He wouldn't have done this unless he was very confident of robust production this year.

EUA are fully funded now for mining at West Kytlim and should make good money now they've had time to sort the processing out. There will also be plenty of other newsflow as the production permit at Monchetundra gets closer

I'm amazed that the market cap is still well below �10m. I don't think that will last for long.

mac4671 - I'm sure it must have been a no brainer for you to invest at such a low market cap. The company already has a $150m debt finance deal with Sinosteel to build a processing plant at Monchetundra. I'm confident that an offtake agreement will also be secured.

Some people are going to be kicking themselves for not buying in at the low share price on offer at the moment.

There were problems with the contractor at West Kytlim last year but I think mining will go very well this year. The new investor is obviously confident after investing $450,000 and I think he knows a good investment when he sees it: 'Mr Churakov has previously held positions with Goldman Sachs and Morgan Stanley covering the mining sector corporate finance and M&A.'

All those years of work are coming to fruition. The Monchetundra licence will be granted soon and $150 million of funding is already in place with offtake agreements to come as well. I am also confident that mining this year at West Kytlim will be very profitable now that today's investment has been made.

I think new shareholders entering sub 1p will do extremely well. Even shareholders who have held for years will see a return, particularly if they have topped up at low prices. I expect to see an offtake agreement in place soon which create lots of interest.

Monchtundra is primarily a palladium mine which is rare. Lots of institutions want exposure to palladium due to demand which bodes very well for EUA.

There is huge demand for palladium and hardly any new mines due to be developed. I am very confident offtake agreements will be secured.

Yes Mac I couldn't agree more. This is how multibaggers are made. The price of a share gets beaten down to a ridiculously low level and people forget how much the assets are worth. Insiders have put lots of cash in recently so I expect lots of progress in the coming months and the share price will follow.

Production at WK is being ramped up significantly. From today's RNS: "A significant increase and reorganisation of production is planned for 2018 at West Kytlim with mining to progress at two open pit sites, one mined under contract and the other by Eurasia itself as owner-operator. Mr Churakov is actively involved in planning the 2018 mining season including the introduction of a potential new contractor to operate alongside Eurasia's own operations."

Funding of $150 million is already in place to develop the mine at Monchetundra and EUA are in negotiations with companies like Glencore for offtake agreements. Yes, mining didn't go well at WK last season but that's why the share price is so low. An insider, Mr Churakov has invested $450,000 so I think he is confident mining will go well from now on.

I just took 500k shares. It's a steal at these prices. EUA will have the mining licence for Monchetundra which is primarily a palladium mine. Take a look at a chart for palladium; the price has skyrocketed recently.

This transaction values EUA's stake in West Kytlim (WK) at nearly the current market cap of the company. WK is the company's secondary asset. The main asset Monchetundra is worth many multiples of this.

Excellent news. Mining is fully funded at WK. I still think this has all the ingredients for multibagging from such a low valuation. The recent rise in price of palladium and platinum is very supportive.

Excellent placing: Non-discounted Goes to strong hands so not much flipping if any No warrants I think we could see a proper re-rating now as the market cap is very low and the company is trading profitably with potential for lots of new business to come

Following the meeting in Georgia earlier this week, we should get an RNS on Monday or early next week detailing the plans for production. The RNS should generate a lot of interest :-)