Member Info for Sharegar

https://www.youtube.com/watch?v=5Wqg4SfdgjU
@ 18mins you will find that Leon mentioned "development Centres" in Australia and South Africa as well as various other Jurisdictions.
Coming from the horses mouth, I would conclude that Australia is very much alive.
Patience is key, we just need to be happy with the great expansions of production coming to SA and Zambia before other areas follow as the "Jubilee way" plan unfolds.
Excellent presentation today.
GLA Sharegar.

Don't worry whl2,
You have an other 100 years plus to buy your extra shares.
Brian mentioned the very long mine life in the recent proactive interview.

GLA Sharegar.

If-Only and Gotreal,

Thanks for the positive feedback. I think you are both probably correct regarding the "Stand alone business unit" now that I have checked it again.
On google:
What is a business unit of a company?
By definition, a business unit (also referred to as a division or major functional area) is a part of an organization that represents a specific line of business and is part of a firm's value chain of activities including operations, accounting, human resources, marketing, sales, and supply-chain functions.
I think I was mixing up my thoughts with the following (Unit was missing!):
A stand-alone business or organization is independent and does not receive financial support from another organization. [business] They plan to relaunch it as a stand-alone company.

Anyhow, it will be very interesting going forward. This company has a great business model, going Global and I hope to be able to hold it long term as I believe it has a terrific future.

GLA Sharegar.

Beresford2021, In an earlier post (@15:02 today) talks about this interesting interview with Dmitry. from 2018.
Dmitry talks about real world uses for Blockchain, however one thing Dmitry mentions really caught my attention.
https://a8.life/2018/06/26/dasfromtoro/
(@ 4 Min Dmitry talks exchange rates/costs).
When he was talking about the reason for mining costs being so low in Russia he pointed to the fact that USD/Russian Rouble exchange rate went from 1 USD:30 RUB to 1 USD: 60 RUB over a short period and therefore costs became much lower when mining costs were converted back to the worlds reserve currency USD.
Today the ratio is even more in our favour. For every USD the exchange rate is now 74 Russian Rouble.
https://www.xe.com/currencycharts/?from=USD&to=RUB&view=10Y
This is another important reason our Assets are in such high demand.
Note: I you go as far back as the 1990's you would get less than 10 Russian Roubles for a US Dollar.
Whoever wins the bidding war is going to have the lowest quartile costs in the world.

GLA Sharegar.

Yesterdays RNS is just what the Doctor ordered. I am surprised by the short term negativity on the SP considering our Metal basket spot prices were also showing good strength. Plus, we are going to keep on increasing profits for the foreseeable future.
Three highlights from yesterdays announcement.

1. "Jubilee's leading metal processing expertise can be deployed in multiple jurisdictions, and it has always been a major part of the Company's strategy to grow internationally."
This has been known for a long time and now they are serious about taking advantage of a vast and largely untapped market.
That is very positive.
2. "Increasingly, Jubilee is receiving approaches to work on new projects across continents."
It is no surprise that there are lots of interested parties wanting to work with Jubilee. They know how to turn a liability (Tailings) into a cash cow and in a short period of time.
Just consider how long it takes a traditional mining company to generate cash from starting out as an explorer.
Also, Governments love our business model. We clean up toxic waste during the money making process (very GREEN greenbacks). So there will be few objections to our presence in any Jurisdiction.
Very Positive.
3. "A standalone business unit will be created in the New Year comprising a number of key management team members to identify and procure the best opportunities in the global arena".
Investors are probably worried about dilution? There will be costs in the start-up and possibly more money raised for expansion as this plan is rolled out. However, "Standalone" strongly implies that Jubilee will continue to do what it does best. Generate strong cash flows and also will be safeguarded by continuing as a separate cash flowing company.
I am speculating that we will receive free shares of a spin-out Co that will ultimately expand our cash flowing business worldwide.
Yet another positive.
So, we will have two separate businesses with the right people in charge fully focused on what they are good at.
It sounds logical captain.

IMO Sharegar.

"Jubilant" meaning: Shorters to be JUBed shortly?

Christian is "Jubilant":
1. Retiring from Kibo Non-Exec Directorship
2. Jubilant about JORC's. (more to follow).
I'm told reasons to be jubilant usually come in 3's.
Is the 3rd about a Sale of the century?

Remember Christian is not "delighted" he is "delighted on steroids".

GLA Sharegar.

Talk today about NPV. What does it mean?
Below is an important example that Dmitry talked about in the interview from Oct 2019 (Highly recommended for new investors).
Kivitsa (early stage) in Finland bought by First quantum. The NPV was 8% $90m, but sold to First Quantum for $200m Before Dmitry joined EUA.
Later, Mar 2016 Bolodin bought Kivitsa from First Quantum for $712m.
https://www.youtube.com/watch?v=d_YMY6yiMDE&t=980s
He talks about valuation for about 5 minutes @ 16 Min 30 Seconds onwards.
Note: This interview was before UBS/DLA Piper/Japanese connections etc.
It is clear that The EUA board have been true to their word and delivered everything they promised plus much more from what was discussed in this interview.
Conclusion:
The NPV from the first of a series of expected EUA JORC updates was $1.2B or $1.7B (using spot prices).
using an 8.33% discount rate.
This is only a fraction of Eurasia's resources ( maybe less than 10% when you include the Rosgeo JV).
Todays JORC will be even better once more PGM's added, Metallurgy improvements announced, Open Pit portion included and the other high grade veins added.
Consider Eurasia's NPV (using an 8.33% discount rate) for the whole lot. What will it be?
>$10B NPV, I believe this could be very likely.
>$20B NPV ??
Back to the Kivitsa example.
It sold for more than double its stated NPV (8% discount rate). Dmitry in the interview stated that this was at a very early stage.
https://www.first-quantum.com/English/announcements/announcements-details/2016/First-Quantum-Minerals-Announces-the-Sale-of-Its-Kevitsa-Mine-for-US712-Million-to-Boliden/default.aspx

I will leave it to you guys. What would an NPV (8.33%) of >$10B value Eurasia at if it were sold in a bidding war?

GLA DYOR IMO Sharegar.

Part 2 of 2

Wed, 1st Sep 2021 07:00
“the CPR under the JORC Code is being finalised for our Rosgeo JV projects including Nyud and Moroshkovoe”.
“The Monchetundra Definitive Feasibility Study (DFS), contracted to CKE and EMR, is in the final stages of its development”.
“A detailed mining plan for the first 5 years of the mine is expected to be completed within 2 weeks”.
Thu, 30th Sep 2021 17:22
“Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly”.
“In May we received a proposal for the potential acquisition of substantially all the Company's assets and the Board decided to focus on this potential asset sale. Since then, we have seen additional interest from other parties. We have attracted top talent and top tier partners and advisers to prioritise and execute our strategy”
Thu, 28th Oct 2021 07:00
“Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence”.
“As announced via RNS on 30 September 2021, since the receipt of the Proposal in May for the potential acquisition of substantially all the Company's assets, additional interest from other parties is being considered by the Board”.
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently.
Tue, 23rd Nov 2021 07:00
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "While the Directors see the benefits of a Dual Listing, our priority is to execute on our strategy as announced".
Another conformation that the Sale is going ahead.
Mon, 6th Dec 2021 18:03
Binding Agreement Signed with ERDC
(whilst CURRENT majority owner of its Kola subsidiaries)
“The ERDC Agreement is a critically important milestone in developing our strategic options both in relation to the confirmation of our ownership titles and in relation to various tax and non-tax benefits adding further value to the Company".
This news is important to a “buyer”. It adds value and gives certainty of ownership.

Conclusion:
The RNS’s have consistently alluded to a sale of MT/Flanks and strongly suggest that a significant part of the Rosgeo JV will be included in the sale.
Proposals (Plural) have been received and DD has been successfully carried out.
EUA2 looks like it will have EPC contracts in place and significant funds to develop and that is after a significant dividend is paid to shareholders.
Imminent: Licence transfers/JORC and Sale RNS.
Don’t get caught SHORT.

A summary of the important RNS's relating to the sale process. Anything in quotes is taken directly from RNS.
Part 1 of 2
Fri, 18th Sep 2020 07:00
James Nieuwenhuys (appointment) is an EPC specialist and ideally suited for EUA2 (whatever remains from Rosgeo JV?).
Dmitry Suschov leaves board as the Company's Chief M&A Officer (EUA confident of a sale).
Wed, 30th Sep 2020 16:56
We already have world class UBS joined by DLA Piper busy working on deals/streams.
Resources are already being proven up for flanks MT (13 Dec 2021: JORC Imminent).
Thu, 14th Jan 2021 07:00
Several Non-Binding offers confirmed plus other work streams proposed.
Fri, 26th Mar 2021 17:00
Rosgeo JV signed. EUA has another 104.6M Oz Pt equivalent. 4 of the 9 mines (open pit) are very close to MT. Option for EUA to take 100% confirmed.
Fri, 9th Apr 2021 18:29
Tamerlan Abdikeev appointed. Japanese interest is revealed. “Tamerlan has introduced several Asian companies interested in working with Eurasia, including a Japanese US$21b net revenue company”.
Wed, 12th May 2021 18:08
Due diligence for the most serious companies has been underway probably after Jan 14th’s 2021 RNS.
Proposal received from credible party that would allow a significant dividend to be paid. (less companies in contention, However there are still multiple proposals).
It seems to me that the credible party want MT/Flanks and possibly the 4 Rosgeo JV mines near M/T. This would leave EUA2 with the remaining 5 mines from Rosgeo JV.
Thu, 20th May 2021 07:00
Financing of $20M at 26p is for “Certain” JV projects via EPC contracts as discussed before, EUA has EPC specialists on the board, also note previous cap raise was specifically for WK and therefore this further suggests MT/Flanks and the 4 mines from Rosgeo JV next to MT will not require capital because they will be sold.
Tue, 22nd Jun 2021 13:55
The company suggest that further fund raise would mean that the Rosgeo JV will have a higher resource than 104.6M OZ Pt equiv.
Mon, 26th Jul 2021 17:37
“Konstantin Firstov, former Managing Director of Rosgeo has further been appointed an interim CEO of Eurasia's 80% subsidiary Terskaya Mining Company (that holds the Monchetundra license and the Monchetundra Flanks license)”.
Being an Interim appointment confirms that Mt/Flanks will be sold.
continued in next post.....

The tax breaks go straight to the bottom line. Our already handsome profit margins have just got bigger.
Just what the "buyer" wanted to hear.
Another part of the Jigsaw is in place.
Still plenty of good news waiting to drop, and by my estimation it should be "ultra Shortly".
It might not be the RNS we have been waiting for but it is a very tasty appetiser.
Bring on the Jorc updates for the Flanks and Rosgeo JV, let the SP re-rate massively and then drop the RNS bomb for the big sale and see the SP explode (in a nice way).

GLA Sharegar.

Any thoughts on how this will play out?
Our Neighbours, Arcadia Minerals (ASX listed) have a very large exploration area that completely surrounds our Tantalum/Lithium Mining lease in Namibia.
https://www.alignresearch.co.uk/kazera-global/kazera-global-positive-read-over-from-namibian-peer-arcadia-minerals/
https://www.arcadiaminerals.global/
Arcadia have already proven up a very respectable maiden resource and have plenty of other targets to explore on this massive land package.
Once Kazera Global finalise the 2.7p funding it would make a lot of sense to buy Arcadia Minerals exploration concession for what would probably be a small fee plus a modest royalty. Arcadia has only a modest Market Cap of approx £8 million.
It would be a great move for both companies. Arcadia Minerals could then concentrate on their other very large land packages and we would have a mine that has great potential to have a very long mine life which would be developed using cashflow from our established mining concession.

GLA Sharegar.

How's about.
The Government get a little more % of the project.
They would ensure we have all the security we need.
Funding finally goes ahead.
Harry is happy and gets his first meaty bonus in time for Xmas (which would require the higher SP >3p for 5 days).
That in turn means we would all be much happier than we are now because we could exit at 3p if that is all we are aiming for.

Could be the time for some compromising and exchanging of Xmas gifts.

GLA Sharegar.

Bellers,
You ask ” Do you think it’s being broken into smaller pieces to gain a higher value?"
Yes, It is looking very much like that.
Probably too many goodies for just one buyer. There have been many references like "rivalling Bushfield" and "world class".
It makes a lot of sense that several companies may be involved, after the final shake up. Some companies will have their eye on specific deposits because that is where their expertise lies.
There are so many quotes we could take from RNS's over the last couple of years that would point to a consortium being involved, not necessarily working together.
I think the strategy the board have been pursuing has been excellent and I do think they are adding value by being systematic and not rushing things. Just like Dmitry said he would do back in Oct 2019 when he was interviewed by Proactive Investors Andrew Scott.
In fact the interview was aired 2 years ago to the very day!
A superb interview. Not only have Dmitry/Christian and Co delivered what they promised it looks like they have surpassed what many thought was pie in the sky back in 2019.

https://www.youtube.com/watch?v=d_YMY6yiMDE
I highly recommend new investors watch the above interview so that they understand Dmitry had a plan a vision and he has been true to his word.
GLA Sharegar.

Excellent post and logical conclusions Bobbybingo,
All the ducks are lined up and to use your Bingo terminology it is not "two little ducks".
Your theory regarding the inclusion of JV assets in the sale is spot on, I'm sure.

Here is another big hint that fits your theory from the RNS on Wed, 12th May 2021 18:08:
"As announced via RNS on 14 January 2021, Eurasia and its advisers have engaged with a wide range of parties interested in acquiring either the assets and/or the Company. The Company has more recently focused its attention, including providing due diligence access, on a limited number of potential bidders who had shown consistent interest in Eurasia and its high-quality asset base.

However, after conclusion of the joint venture with Rosgeo ("Rosgeo JV") in which Eurasia will gain a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent ("Pt eq") Russian Code reserves and resources in the immediate vicinity of the Company's Monchetundra Project on Kola (as announced on 26 March 2021), the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."
END OF QUOTE.
This "credible party" have successfully completed their due diligence and written to Eurasia.
To do that, I think it is safe to say that the JORCs must be complete for both MT/Flanks and the JV assets of interest.
Better still, there are more interested parties and that looks like a bidding war and/or other assets on the verge of being snapped up by hungry buyers.
Remember, the "buyer" that has just completed due diligence is the one that entered the race once the JV was confirmed as binding.
I have heard it said that the licences are often transferred at the beginning of the month. So, the week commencing Monday 1st November is going to be very interesting considering recent developments.
Investors should also remember that we should be looking at a pleasant surprise when it comes to the revelation of JORC resources.
Eurasia have specifically stated that the only reason they would raise more money was if the JV resources were higher than
the 104.6 Moz PGM known from the 2016 Russian Feasibility studies.
There should be more PGM for two reasons. EUA raised the money, lower grades will be more economical and should be added,
Why? Because every single Metal in our basket is much more valuable today than they were in 2016.
The EUA Rocket is on the launch pad.
UBS/DLA Piper and other advisors are still at mission control.

GLA DYOR Sharegar.

Captains’ log: The year is 2521 and the Eurasia sale is finally concluding.
However, devious shorters are still desperately trying to disrupt Starship Eurasia.

Captain Smirk: Let’s make sure the great mission Eurasia is sabotaged. All boiler room Crew on Deck.
Spook: Captain, I must warn you this mission has 99.8% chance of failure. The Eurasia sale cannot be stopped.
Captain Smirk: If we can understand their language, we can twist their words.
U Who are u: Captain, I cannot translate the mother tongue of the suspected buyers. The chatter seems to be a mixture of Russian, Chinese, Japanese and all with an American accent.
Captain Smirk: Scottie Terrier, have you any thoughts. You specialise in languages that no-one understands. Even the natives.
Scottie Terrier: Nae Capin. Ah dinnae Ken. All I know is the Boiler scam Cannae take any more. The share price is about to explode.
Doctor McLand Ahoy: I can confirm Captain. The scam is in mortal danger. There is no short fix and therefore I’m afraid zero chance of survival.
Spook: To be precise, Captain. I calculate it as 0.0021% chance of a successful shorting scam and the chances are rapidly diminishing.
U Who are u: Wait! I can just about make out “Sale” and something about “confirmed”.
Scottie Terrier: I Cannae take any more! The Boiler room is about to go up in smoke.
Captain Smirk: I have considered all possibilities. Let’s abort mission buy lots of Eurasia shares and change our names so that no one will ever know.

This video has been posted recently.
https://www.brrmedia.co.uk/broadcasts/5e3c0041397af40afa52b455/ironveld-video-update-from-cape-town-2020/
@45 seconds.
On 7th Feb 2020 Martin Eales states that HPI sells for over $1000/ton.
Ordinary Iron 62% was about $85/ton on that date.
Today Iron 62% is $122/ton so I am assuming HPI is even higher than the figure Martin Eales mentioned in the video.
Always worth repeating:
80 million tonnes of magnetite ore - the JORC compliant mineral resources demonstrates holds 1.6 billion pounds of Vanadium, the equivalent to four times annual global demand
32 million tons of High Purity Iron in situ
9 million tonnes of Titanium.
Plus further exploration potential.
Grades are all very good as well.
It took time but congratulations to the board in getting this company changing deal through to the finish line.
Great times ahead, I feel.
Thanks as well to the informative and positive posters on this board who helped me keep my position through the quiet times!

GLA Sharegar.

whl2,
I agree with you. The "bigger boat" will not likely be this year or next.
However, my point is that if increases in the amount of customers take place, the compound effect can be staggering in terms of sales figures.
So, I suppose I am suggesting that in 2 years time we could have a company much bigger than people are imagining now.
There could be other reasons for something like this to happen.
With inflation rearing its ugly head it makes more sense for Brazilian farmers to stop buying expensive fuel guzzling imported fertilizers and go for a more sustainable, green and proven product like ours on their own doorstep.

Harvest is now at the stage were it is not only the sales team that are singing the praises of KPFertil.
The rapidly expanding customer base (exponential due to 25Kg/bag customers) will feed the frenzy.
"We are going to need a bigger boat".
At some point in the not too distant future we could be expanding the cashflow and we know from experience that the cost of another process/storage facility is very affordable.

Yesterday's RNS regarding "a sample" from the first drill hole having confirmed Copper mineralisation is a great example of how a company should not release an RNS that does not have all the relevant information.
Investors are in the dark about how much of the core was mineralised, it was only a sample. This has created a short term problem for the SP.
The recent price action suggests that many people are assuming there is not much mineralisation over the whole length of core.
The people on the board of Arc know exactly what they are doing and also would have known there was not a requirement to release an "incomplete" RNS.
I am wondering what their motives are. My guess is that they want more investors in at a bargain basement price before we set off for the races.

So, I think I will have to put up with some short term pain for long term gain.

GLA Sharegar.

Greta Thunberg finally lose her patience with Eurasia and our board after 30 years of negotiations for a green economy and the mega deal that will save the planet.
https://www.youtube.com/watch?v=g90vJ3XrnaA
Well that is what it looked like to me.
C'mon Dmitry and Christian lets make that deal so that Greta and the planet can Chill out.
Not long Greta, in fact very "shortly".

GLA Sharegar.