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He is on Twitter - but he rarely posts there - https://twitter.com/bitkogan
His website is easier to access if you use a translation such as Yandex which will translate the website from Russian to English .
bitkogan .com IF LINK REMOVED - https://bitkogan.com
Hi ceejay1awest,
And your ability to add nothing other than childish insults gives you credibility does it.
Try doing a google search for JORC inferred resources v measured reserves and their relative values.
Bitkogan has over 200k subscribers on his Russian Telegram Channel....
would settle for an 8p rise today :-)
chill
https://twitter.com/iMuesliBrown/status/1443855770328748038
Tier 1 Assets used by Nornickel, Sibanye and Ivanhoe Mines
Hi Amur_isagogo,
As there's no defined description of either a Tier 1 or Tier 1 Scale resource then EUA can describe it as such if they want, whether people within the wider mining industry would pay attention to it or not is a different matter.
I haven't suggested they have exaggerated JORC or are playing a game with shareholders.
What I am saying is you need to know a bit about the industry you are investing in to know what part of any JORC is relevant.
An inferred resource is one where the confidence in the resource is low so saying only part of the resource reaches inferred resource level is not good.
So an NPV of $1b on a measured reserve has meaning because the confidence in that resource and it's accuracy and ability to be mined profitably is very high.
An NPV of $1b on a resource where only part has reached inferred level has far less meaning because the accuracy is deemed to be very low.
Mr Y only throws out little bite size negative posts . He will not answer you if you post actual positive posts backed by facts or in most cases Rns . Total typical de ramper or should I say waste of breath .
.
for those who dont know, bitkogan is a very highly respected russian economic guru. hes high up in the russian finance ministry. has about 200,000 followers... so when he tweets or posts on telegram, it gets listened too.
And just for those that see NKT for the first time, much smaller than MT, NYUD, POAZ...
Well look what happens to be out there and reckon an RNS isn't far away imo -
Take a gander at some proper research which was tweeted today - here is the direct link for those that don't have Twitter -https://research.powerof78.com/post/nickel-increasing-in-value-wardell-and-nkt-revisited-12247929#post1331674079
And Tweet here - https://twitter.com/GMF782/status/1484498090837135362
Tier 1 and Tier 1 Scale are different things.
WA did not refer to NKT being Tier 1 Scale, EUA did.
What WA said was only parts of the deposit had been explored to a level to be called inferred resources which means any NPV figures or references to Tier 1 Scale might be considered a bit premature.
1 of 2 mines SS bought has reserves of 134kt of Ni and 49kt of Cu. Resources of 1,383kt of Ni and 446kt of Cu.
It's a top 10 nickel sulphide asset with "outstanding infrastructure" and first quartile production costs with a 7 year LOM for the open pit and 27 years potential for underground with considerable upside for surrounding areas over which they have exploration rights.
Over $1b has been spent proving reserves and resources and to reach a working mine with processing plant in place so it can immediately provide revenue and profits. SS are not taking on any debt and paid $1b for this and another low cost producing copper mine.
****y pants -
You think Wardell Armstrong ain't about to deliver a JORC DOUBLE WHAMMY LOL...
Plus Bitkogan is well connected with over 200k subscribers unlike yourself ....
Hi folks, Mr Y looks to be making the point that "Tier 1 scale" area with resources in the inferred category are a long way off being a Tier 1 asset with indicated resources....I may be wrong.
May I just ask anyone that is concerned about Mr Y's comments.....did this recent JORC influence your decision to purchase EUA shares?.
My personal perspective if that it does not make any difference to me because I purchased my shares before I had even heard of this area regardless of it's obvious future potential for us..
Yellow stained Y Fronts hast to be a filter contender?? Lol
Mr Y
Tier-1 scale: 305Kt of Nickel, 143Kt of Copper, 57 tons of PGM and Gold (11.2Moz of Platinum equivalent) have been estimated by WAI as JORC-compliant resources for an underground mining operation.
Your point is?
https://thevault.exchange/?get_group_doc=245/1635227228-sibanye-stillwater-acquire-santa-rita-nickel-mine-serrote-copper-mine-brazil-26oct2021.pdf
If you start looking at what Sibanye Stillwater have bought in Brazil it raises big questions about the current value of the NKT nickel mine where only parts of the resource are able to reach inferred levels.
Sounds promising
Via GMF research channel
We get a lot of questions about Eurasia Mining (EUA.L).
The topic is especially relevant after the sharp rise in prices for nickel and platinum in recent days.
Recall that according to the results of the JORC audit, Eurasia Mining can be considered a nickel company rather than a platinum one. We wrote about it, and last week the company confirmed that nickel has become the main metal in its basket.
Why is it good? The market loves trendy themes, and the “battery fever” is a clear confirmation of this. Manufacturers of electric vehicles are experiencing serious shortages of lithium and nickel, and are struggling to ensure the reliability of supply.
Last week, Tesla entered into a deal with the Canadian company Talon Metals to supply 75,000 tons of nickel concentrate from the Tamarack mine in Minnesota. At the same time, production according to the plan will begin only in 2026. This isn't Tesla's first nickel deal, and it probably won't be the last. Since new serious projects in nickel are not so easy to find, Elon Musk is thinking about future nickel mining on asteroids.
We will not undertake to judge asteroids, but everything that is closer sells like hot cakes. We have already written about Sibanye Stillwater's purchase of the Brazilian Santa Rita field for $1 billion plus 5% royalties. As well as the fact that this project is similar in size and structure to the Eurasia Mining tubing project.
Activity is high not only on already operating nickel projects, but also on those that are only in their infancy. BHP bought a stake in Kabanga in Tanzania based on a project valuation of $658 million. It is difficult to compare with NKT because Kabanga does not have a JORC audit. But what is important here is the order of amounts in which nickel projects are currently being valued.
For example, the market capitalization of the Australian Chalice Mining, which is slightly larger than tubing, but will not start mining soon, more than $2 billion. than for $500 million. A project about 5 times smaller than the NKT, to which a road still needs to be built by 2026 for $1.6 billion.
Against the backdrop of such excitement and such assessments, the capitalization of Eurasia Mining definitely looks underestimated. Moreover, tubing is not the only project of the company.
It is no secret that the main shareholders of the company are negotiating the sale of a controlling stake. Based on the project valuations above, there is reason to believe that as a result of these negotiations, Eurasia Mining could be valued significantly more than the market is currently valuing it.
It is obvious that geopolitical risks can also take place. But they are unlikely to become decisive in the case of Eurasia Mining. We continue to monitor developments.
#metals #nickel #platinum
@bitkogan "
Link -https://research.powerof78.com/post/bitkogan-article-21122-12247823?pid=1331673202#post1331673202