Eurasia Mining Plc Research Update ACF 06092021
We raise our valuation range >40% for Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM mine. The valuation approach and range remain conservative. We have examined the overall risk of EUA’s projects and concluded that recent progress reduces our project execution risk assumption. We have expressed this risk reduction by cutting our WACC on the Monchetundra Flanks project only from above 22% to 17%, still very significantly above our 8% WACC for EUA PGM producing asset West Kytlim. We continue to exclude iridium and rhodium assets and the Rosgeo JV from our DCF but examine the potential effects of the Rosgeo JV on resources and reserves trading multiples. We look forward to the Rosgeo JV Definitive Feasibility Study (DFS) on 6 of 9 assets, expected in a few weeks.
Eurasia Mining is engaged in mineral exploration for platinum group metals, gold and other minerals. Co. has mining licences for a platinum mine at West Kytlim area in the Central Urals region in Russia and Monchetundra Platinum Group Minerals, Nickel and Copper project on the Kola Peninsula in Russia.
ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.
We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.
Our independent research is designed to educate our professional investor readers with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.
We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.
Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.