Target price – 70p GBP (+870% vs current share price of 7.20p GBP)
This is very worthwhile reading if considering an investment into EUA. Concise summary of events, detailed risk analysis and considered opinion.
Gulag CP - Eurasia Mining - 07 March 2020
Please remember, the value of any investment can go up or down and this article should not be taken as investment advice.
With 15 million ounce reserves, it could sort the deficit out for 15 years or so.
Extra potential in wider area for 40 million ounce
1Moz a year would need a plan to mine 32 tons PGM a year…
Once built, it would yield EBITDA approx $2bn a year net profit assuming AISC of $325/Oz and Pd price around $2325/Oz
Using 5x average as mine life is 15 years, the mine would be worth about $10bn or £2.75 a share for Eurasia Mining when you take into account the 80% ownership