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BEHEMOTH more like.
Mammoth springs to mind
I've been going back through my notes and remember discussing these Rosgeo reports with Monyboz and pointed out then that the figures they mention are potential of the area and not proven as is mentioned in the text.
When NN first started exploring the Vuruchnavaitch deposit it was believed to contain 350t of PGM's.
After proving it up it had 100t of PGM's although no in depth mining plan was done to say how much of that would be economical to mine.
https://www.neweurope.eu/article/norilsk-discovers-platinum-murmansk/
Can’t agree more. At first I was only interested in a full sale but with recent RNS’s regards the divi and EUA2 is just proof that anybody in for the end game should sit back and relax. The BOD look like they’ve got this.
Good luck all
Hi Lorenzo, i personally can't imagine it being a flat tradiing day tomorrow.
I'm gonna guess a minimum of 5% rise tomorrow with potential spikes past 10%.
I'll be happy if it's up, up and 10% and beyond though!.
I may be wrong :-)
The figures are now so MASSIVE, this sale will either make the history books or EUA 2.0 will become the top dog amongst the miners.
Its just ridiculous the amount we now have in situ. As always FUNDAMENTALS!
I think there will be buying pressure tomorrow but we won't see it until after hours. My prediction is price will stay pretty flat all day while they fill orders, mainly sales showing and bots galore trying their luck to convince people "the market doesn't like it" while they try and close Thier shorts in a Panicked frenzy.
But hey what do I know, tbh I don't care lol been holding since 2018 and will continue to hold for the foreseeable.
GLA
Ethio. You never fail to astound me.
Your posts are always top drawer.
As are many others of course.
GLA
Good points casaeurasia and very exciting reading.
I was simply replying to Postman's question.
However, I like Ethio's calcs better :-)
I never scoffed at Rowka's prediction - I was / am hoping like mad that he wouldn't be far off. I can dream too.
We could be receiving a lovely payout with a lovely bonus of keeping our shares for the mega EUA2.
For the non oldies out there - put your EUA2 shares in the bottom drawer, forget that you've got them and check the SP in 5 year's time. I think that you might be surprised how different the SP is probably going to look. Even better if they trade on the LSE main market.
Looking forward to this week casaeurasia.
GLA
Is the amount of deramping twats we have here
10%
I'm gonna put my tuppence worth in and say we are looking at 20B for a sale, if you add all the numbers up.......it just works out!
It all depends on demand and supply gazala..but
The 2 links from ethio together 337/500 on a 50/50 Pd /Pt base also gives 12.63 billions
The whole Nickel hype gives a price even a lot more..
When Rowka made his 3.50 calculations they said he was crazy..
When I made my £6.70 I was a dreamer, and so on..
Very curious what it will be..
The only thing I miss is a lot of buying pressure..IMO that could be a lot more..maybe this week..or maybe a big company has to drop our name:)
Looking fwd for tomorrow
Grtz
Casaeurasia
I used this link for my calcs.
Don't shoot the messenger:
https://meltvalue.com/platinum
£7.4b for 95% pure platinum only.
£5.8b for 75% pure platinum only.
£14.5b for 95% pure palladium only.
£11.4b for 75% pure palladium only.
I guess it depends on what the buyer is prepared to pay for it or the minimum the seller will let it go for.
Demand.
Also, you've obviously got to deduct the costs against the sale.
Also, the fluctuation in the metal price.
Has anyone worked out how much 336 tons of platinum and palladium is worth?
POAZ
License transfer soon to be announced. It's one of the 9 rosreo assets.
"That is, this is such a huge ore occurrence that, in general, one can only dream. We calculated the predicted resources and they amounted to somewhere around 336 tons of platinum and palladium.”
https://rosgeo.com/subdivision/szpgo/news/monchegorsk-mozhet-stat-platinovoy-stolitsey-kolskogo-zapolyarya/
"Vladimir Ivanchenko, leading geologist at JSC North-Western PGO of the Rosgeologiya holding: "Each gram of palladium now costs $50, 500 tons is 5 million grams, multiplied by $50 is $25 billion."
"Monchegorsk, the firstborn of copper-nickel metallurgy, has every chance of becoming the capital of platinum metallurgy. "Outdo" Norilsk and South Africa. Preliminary conclusions - the content of platinoids is high, the thickness of ore horizons is up to 50 meters. Precious ore - dig and here it is, "underfoot", almost on the surface."
https://rosgeo.com/subdivision/szpgo/news/stanet-li-monchegorsk-novoy-platinovoy-stolitsey-geologi-uchenye-i-promyshlenniki-na-poroge-otkrytiya/
P.S Konstantin Firstov was MD at Rosgeo when the drilling work was done. He's now at EUA, CEO Yuksporskaya Mining Company