EKA are expecting to mine 3.8 million lbs of Molybdenum this year. For the more sceptical amongst you, read this to confirm:

http://moneyam.uk-wire.com/cgi-bin/articles/200412150700023844G.html

They own the mine and the molydbenum in it has been independently varified as stated in the announcement linked above.

Molydbenum currently trades at around $38.50 per lb, you can check this at:

http://www.monterrico.co.uk/s/MetalPrices.asp

so do the sums 3.8m x $39.25 = $149m = 82m

Eureka Mining's market cap is 26m

In 2006 they expect to pull over 10,000 tonnes (20m lbs) of Moly out of that mine.

On top of all that they have recently aquired a mine in Russia with estimated contained metal of 3.32 million tonnes of copper, 3.26 million
ounces of gold and 98.9 million pounds of molybdenum. They hope to complete the feasibility study for this one in 2006:

http://moneyam.uk-wire.com/cgi-bin/articles/200501130700033169H.html

Am still very much into Vane, check out the board.

Refresh

Dear Mr Ransley,


We plan to promote after the Shorskoye feasibility study has been completed, in
approximately 8 weeks. We cannot give profits at this stage until the
feasibility study is finalised.

Thank you for your comments.

Michelle Surtees-Myers
Eureka Mining Plc
Hatfield House
1st Floor
52/54 Stamford Street
London SE1 9LX
Tel: +44 (0)20 7921 8810
Fax: +44 (0)20 7921 8811
e-mail: michelle.myers@eurekamining.co.uk



-----Original Message-----
From: James Ransley [mailto:jransley@hotmail.co.uk]
Posted At: 24 April 2005 09:04
Posted To: Eureka_Info
Conversation: Shareholder
Subject: Shareholder

I understand that you have stated that you do not intend to promote the
company until the final results arrive from the molybdenum project. When are
these results expected and will the company release a statement saying
should the market conditions remain unchanged the company expects a profit
of xxxxxxxx as Biofuels recently had. I believe the shareholders would
greatly appreciate it as the market is becoming increasingly hostile to
small miners who are not yet producing. I have great faith in your company
and hope to hear the final results from the molybdenum mine soon.

Thankyou for your time James Ransley

jransley@hotmail.co.uk

Nice one Jimbob. The 8 week timescale is consistent with their AGM on 14th June. I plan to attend.

great comments.

cheers for the updates tallsiii. you are slowly but surely selling me on this one....maybe next week.

So we reckon the news be out just before AGM to please shareholders

or just after?

B4
Friday 10th
Monday 13th
Later

What do U think

Has it reached bottom now?

3 days of small rises now U think we've hit bottom ?

Difficult to say in this market. It could be dragged down in any further sell off of small miners.

Another good day tallsii

News of this share is starting to get around in a small way. I saw a post on www.iii.co.uk where some people were rating it. It will be interesting to see what happens between now and the AGM.

morning Siiiiii

i think you are to something here...am putting my portfolio together and looking very closely at this one. what is the big news we are waiting for to potentially rerate this stock?

It is difficult to say until a sucessful feasibility study is confirmed in June.

cheers. but i assume we are hopeful about this study...

The delay is an issue, but fingers crossed.

Great day +7.5p thats 5 days of rises

Yes something appears to be happening.

Their website has been updated.

the word is getting out?

Eureka Mining PLC
11 May 2005



EUREKA MINING PLC ('the Company')

Significant shareholding

The Company was notified on 10 May 2005 that Man Financial Limited had acquired
an interest in the shares of the Company resulting in a total holding of 598,917
Ordinary Shares of 1p each in the Company. This represents 3.38 per cent. of the
issued share capital of the Company.

From what we can guess this holding of around 750k is either Man the hedge fund, Man spread trading the spreadbetter or GNI the CFD provider. Either way it is an entity that is prepared to put a fair amount of cash into this little prospect.

Tallsiii

Moly is now up to $37.50 per pound!!

Copper fell for a bit but read that its expected to go up again. Very big buys today but no rise.