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Well he didn't say everyone presumes that, Ethio said he presumes that, so I don't know why your making a big deal over it.
meant to say *statement of fact
CTC1988 - That's why he said it was an assumption. i.e. not a statement you donut
You have to assume the delay is due to multiple parties coming up with new and improved offers again and again. The big boys know this is a bidding war they can't afford to lose. EUA is THE last unconsolidated PGM play. It's not like the big boys have alternatives they can choose. This is the only opportunity to get these rare assets and make huge profits. They will fight over our assets till the cows come home.
Can they afford us? May be not so they may even have to work together on joint deal of some sort, 'complex nature'.
Big banks and lawyers are still here. There's a lot of money to be made by everyone. I keep an eye on numbers etc but it really doesn't matter to me as i'm going all the way. GLA
Yes optimist there are positive rhodium anomalies at both assets. See my rho rho rhodium your boat post. It's all in the historical geological data, there's both positive Palladium and Rhodium anomalies at Mt.
GLA
Mac a question for you,
Do you believe there is Rhodium at Mt as well as WK?
West Kytlym, the in production asset where they're rapidly ore stock piling at the minute -
"Consistent with this anomaly, the paragenesis of platinum-group minerals (PGM) includes abundant Pd-bearing PGM, two unnamed phases, (Pd,Fe,Cu,Ni)(9)(S,Hg,As)(8) and Rh(Te,Hg), and alloys in the system Pt-Fe-Cu-Ni"
"Rh-rich pentlandite
KT 150-154 A bis 3 3 0.39 0.00 12.13 24.95 27.12 0.33 0.05 0.00 0.40 31.7 10.36 97.44"
12.3 being the Rhodium.
https://www.researchgate.net/publication/276054678_Unusually_pge-rich_chromitite_in_the_butyrin_vein_of_the_Kytlym_Uralian-Alaskan_complex_northern_urals_Russia
At the current prices, a smidgen of Rhodium = many doobloons!
GLA
Fully financed, can rival the Bushveld and has Rhodium anomalies, what a cracking pie. I only put my hard earned in to things i believe will have a positive outcome, i find it rather odd that people would put their hard earned into something that they apparently have negatives on, very odd indeed. There are thousands of options out there, find a positive one if you really are that concerned -
Christian Schaffalitzky, Chairman at Eurasia commented: 'We are pleased to offer this further update on the resource surrounding our Monchetundra Project. We are now well established in Kola with a production license valid until 2038 and our exclusivity to the flanks firmly established under applicable laws. We have always noted the significant potential in the area which we now more strongly believe can be developed into a new global mining region for PGM to rival other large PGM producing regions of the world, including the Bushveld Complex in South Africa and the Taimyr Peninsula in Russia. It is not unusual for layered mafic massif to contain multiple deposits and deposit types. The Monchepluton Massif, hosting the majority of the deposits mentioned here, is generally accepted to contain many of the internationally recognised intrusive igneous PGM deposit types. With our EPC and Financing contract with Sinosteel signed and valid for 10 years our 2 open pittable Monchetundra deposits are fully financed and we can in our opinion rapidly move into production. We have also previously stated (see announcements dated 24 October and 25 November 2019) that we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'
"positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20"
"supporting a lack of cumulus sulfide, whereas harzburgite from Travyanaya has
higher PGE concentrations and features an enrichment in PPGE relative to IPGE with
positive Pd as well as Rh anomalies and a high Pd/Ir ratio of more than 75". . . . . . .
https://orca.cf.ac.uk/112128/1/Critical%20Controls%20on%20the%20Formation%20of%20Contact-Style%20PGE-.pdf
GLA