RE: BitKogan & Mind-Money - clear interest19 Jul 2025 14:54
Hi del. imv one of the biggest snags of all about EUA is simply that the company has never published enough information for anyone, myself included, to make sensible calculations about value in the first place.
for me, it is especially telling that they say they been trying to sell their stuff for ages, but there is no independently verifiable evidence that anyone wants to buy it for a meaningful sum.
it is also very telling imv that in the absence of assets sales, EUA has not continued to mine any non-trivial amounts, they have not activated sinosteel or similar, and they aren’t even trying to actively prove things up more with infill drilling programs etc (…. notice, punter doesn’t make any attempt to explain what exploration he claims EUA are doing.).
that was the case before putin’s invasion too, not just a recent phase.
people on this site go on and on about what they think EUA has ‘in the ground’, but even begging the ticklish questions about what grade cut-offs they use, and what status different quantities would have in categorisation systems, etc the big big questions concern the economic viability of location, extraction, processing.
it is no good at owning rights to stuff in the ground if it simply ain’t commercial to exploit. i would want to see EUA produce full DFS then BFS. red flag that they don’t release such.