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I’d be surprised if it’s less than £5b but could be double that if 20moz and paying too dollar. Soon find out. GLA
It's not really a problem, their expansion model is very easy to follow. WK is the smaller blue print to how MT expands, one flank app after another and moving back into their previous held license areas that were applicable during Anglo JV days. The beauty with it is that they already know what's it the ground that they're re-applying for as they drilled it back in those JV days, they couldn't be in a more comfortable position.
You'll never know exactly what's there, the new figures get released as they expand and add them to their resource holdings. From where they are they can expand for a very long time at the approx 9 month per flanks app rate.
GLA
Been going through old DS tweets
Interesting he posted in FT
EM_investor Retweeted
Mining & Tech Stock Rocketeer
·
30 Jun 2020
Russia's state-run Rostec in consortium to mine 9.9Moz #palladium deposit in Kola Peninsula from 2028; >14 yr payback according to news report; rev up your #EUA engines & get up early
@eurasiamining
https://tass.com/economy/1173375/amp?__twitter_impression=true
...why is that the bottom line for you fella? Why do you need to know over and above what is already out there?
The prob is MAC, EUA have not updated its website as to known resource and potential. We have. as shareholders, no idea what we are selling. And that's the bottom line. (for me anyway)
Yes Mjd2020, it's the same area. It's in the legal exclusivity zone for Eurasia. It's another large area, i've only just noticed that drop down tab further down on the page link you posted. The area is huge, there will be many companies needed to take it to production by the end, open pits everywhere tbh.
The jobs of FT etc will happen with MT, you can see why Russia are so supportive of Eurasia tbh, they'll need a lot of hands on deck to make best use of the resource rich assets over there. First mover advantage for Eurasia mining in MT and surrounding area, this has many possible routes forward in all honesty, it's going to be very interesting to see exactly what gets put forward as a binding deal to us shareholders!
GLA
Really rolaw1, that was from the uk governments website . Mmm , as I said , a lot of experts
Cheers Mac, I noticed that the map on the MT section of EUA’s website lists “ Vuruchavench and Horizon 330” as “Flanks deposits / Occurences” so could be the “Vuruchuayvench, Plast 330 area (Nickel, copper, platinum, palladium, cobalt, sulfur, gold, silver)”area they list on the site.
I’ve been trying to find a way to translate PDFs but no joy yet!
Yes FT is a success story for them, I believe it’s creating 1200 jobs and the national gov signed off on the project on Feb 1st so very much open for business both on regional and national government levels.
Fedorova Tundra is listed on there, it's an interesting site, you can see they're wanting to attract investment into all sorts of things -
https://invest.nashsever51.ru/en/registry/investment-projects-en/2f7cb0d8-8e6a-4799-9a24-8d29d8b4d7d5
GLA
Vineyards in NW Russia. That’s a new one.
Mjd link informs us that Monchegorsk has a “winesofchile area.”
Nice link Mjd2020, very much open for business, they want people there. If you know anyone who can read Russian, go into 'about the region' and select 'regional development strategy', there's a lovely PDF but it's in Russian lol
GLA
Really? You are aware that EUA have been operating in Russia for over 25 years don't you? You know major shareholders are Russian don't you? I think you need to do a little more research.
Other challenges include:
Russia’s regions can have different regulations in force
potential language barriers
bureaucracy and slow response from local authorities and government agencies
transparency and rule of law
No doubt Russia is the place to invest in PGM and other mining and lots of foreign investment will help them monetise their natural resources, create jobs and collect new tax revenue. There’s a list of promising projects in the drop down box on the below link to the Government of Murmansk website:
https://invest.nashsever51.ru/en/list_item/tochki-rosta/osvoenie-perspektivnykh-mestorozhdeniy-tverdykh-poleznykh-iskopaemykh
Russia want investment into the country so will be aware that the size of this could be great for their profile, they will not want to make theirselves look bad as in investment country so will welcome this as a world changer
Same can be said of any country in the world....including the UK...
Things are not what they seem in Russia sometimes .
What problem ?....
Could it be Russian involvement that’s the problem ?
Have you noticed the Pentlandite Creek at Mochetundra, falls mainly within the next MT flanks app. We know that there is Rhodium rich Pendlandite at the Butyrin Vein at Kytlym. At MT we know they used to mine for Nickel, more of that creek lands in the next flanks app, therefore, more Nickel -
https://www.eurasiamining.co.uk/operations/monchetundra
https://en.wikipedia.org/wiki/Pentlandite
GLA
When this deal lands and it's all across the media, all eyes will firmly be on Russian investing imho.
The Monchegorsk Complex has largely went ignored until now, they'll all want a slice of that pie, who wouldn't, PGM's, Nickel, Copper, Cobalt and REE's all in one place. It's the perfect geological complex for the prevailing green energy revolution, absolutely perfect.
GLA
See the equivilant of Russian pound land has floated in London one of the underwriters was Blackrock. All good for confidence in Russian investments.