EURASIA MINING PLC (EUA) — Q&A Session

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to the EURASIA MINING PLC Q and A session. Significant attendance on today's call, the company may not be in a position to answer every question received during the meeting itself. However, company can review all questions submitted today and we'll publish those responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll. And as usual, I'm sure the company will be most grateful for your participation. I'd now like to hand over to executive chairman, Christian. Good afternoon. Good afternoon, everyone, and welcome to our webinar. Obviously, you saw our release yesterday, that's one of the reasons why the webinar has successfully been held in in this year as we promised. But it was touch and go, obviously, and we're very happy that we can now deal with a substantial transaction as part of the webinar. So what I thought I would do is just say a couple of words to remind you how we got here. And the first thing to say is that this project began both the EURASIA and the COLA projects began in early two thousand and supported by Anglo American who funded all the work that was carried out for the first fourteen or fifteen years through a joint venture structure that we had. And we were the managers of the Anglo work in Russia. And it began on the Urals alluvial projects, which as you know is where the West Kittelman Mine is located. And the model Anglo had, which is the one that we continued with, is that the plan was that the alluvial mines, which are never big big deposits like, you know, hard rock mines can become, But they're smaller and usually quite profitable and throw off cash at the level that is required for exploration and development work elsewhere. And that's exactly what has b...