George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Great link!!!
‘ So why would you listen to website Bloggers who are unaccountable, Facebook, WhatsApp, Twitter, bulletin boards you name it, none are FCA regulated and yet for some bizarre reason, we see this happening every week on social media and the trail of destruction it leaves behind....’
I have no clue Gargar but I know what I'd like it to be 8-) and that's a lot. You have to think about all that lovely valuable metal just waiting to be dug up. The figures are crazy.. Palladium, platinum, rhodium, iridium, gold. We concentrate on the palladium but the rest are worth boatloads too. I'm not into guessing but I am into hoping and also into wishing good health and fortune to my shipmates.
4 bill after everything paid tax fees you name it gl.
What price do you you guys thinks? For full sale
7kg a day sustained for a season say, apply the sector ebitda multiplier and you arrive at a decent sum just for WK alone tbh -
https://www.bvresources.com/blogs/bvwire-news/2019/01/03/ebitda-multiples-by-industry-new-statistics-on-private-company-selling-prices
GLA
"Machinery and equipment
In addition to the existing machinery and equipment already owned by the Company as described in the announcement dated 26 November 2019, a lease agreement has been signed with Leasing-Trade in relation to the following:
· Two new Hitachi ZX330LC-5G excavators that have already been shipped and are currently operating at site, and a further Hitachi ZX300LC-5A excavator awaiting shipment;
· A 30 ton Chetra T15 bulldozer arrived on site on 15 March 2020; and
· The lease agreement also provides for the delivery to site during April 2020 of additional 4 Kamaz 20-tonne ore haulage trucks.
A fuel truck, that was purchased by the Company, completes the mobile fleet at site."
"Feasibility study
The Company is working on a Feasibility Study for the entire mining license area at West Kytlim, instead of at the Bolshaya Sosnovka area only, as originally proposed. Due to reserve and operational data generated over several seasons of mining, the Company has been able to strengthen its geological knowledge and apply this information to all resources on the mining license. As a result, the amount of drilling already undertaken is considered sufficient to raise the resources on the mining license to mineable categories pursuant to the Russian mining standard (GOST). The Feasibility Study now being worked on aims to raise all resources on the property to mineable categories within a single Feasibility Study and without further drilling. This is aimed to accelerate the development of multiple sites in parallel, which should significantly increase production volumes."
Max ebtida at WK before full company sale?. A certain sustained production volume may well have been proven by this stage of working it themselves!
GLA
Hammer and tong -
"· To ensure sufficient available mineable material for the 2020 season the Company has taken measures to ensure the Bolshaya Sosnovka area will be available for mining. This area contains reserves previously approved as 748Kg (c. 24,000 oz) Raw Platinum (see RNS dated 22 April 2014 where the Bolshaya Sosnovka area is referred to as TK Area 1). A drilling program of 682.5m, inclusive of 192m of larger diameter verification drilling was completed at this area during 2019 and was designed to bring these reserves to mineable status with approval to be sought over the winter period in accordance with the applicable laws. This should allow the Company to start mining at Kluchiki, and enable it to stockpile the ore until such time as the processing season starts (with the processing anticipated to start in March 2020). Mining at Bolshaya Sosnkova should commence thereafter.
· The Kluchiki reserves which are already available are in addition to those at the Bolshaya Sosnovka area."
Your satellite images tell me that they're hammering that infill drilled area, with you 2km measurements yourself, it starts to marry with what is mentioned in RNS.
It leads me to believe the arguments were down to the contractors wanting more of the bonanza pie, our BOD quite clearly refused and decided to go hammer and tong at it themselves, your images pretty much prove that with the rate they're clearing etc.
GLA
Well, when i say central, central for that reserve area cluster, there's another quite clearly visible on their website map south westerly from there as well.
GLA
"Drilling occurred as infill drilling on 6 traverses within the Kluchiki Area which spans a distance of more than 2.5 kilometers in an east west direction"
https://www.lse.co.uk/rns/EUA/eurasia-mining-plc-kluchiki-reserve-drilling-and-mine-season-update--a3scd8cl3sqat9c.html
GLA
That's the "Evidence for bonanza grade ore pockets within the latest Kluchiki drilling results." alex, if you come east from there you'll get to the the central area of the state approved reserves. The scale on their website map is very clearly wrong when you marry it up to the ground size areas mentioned in RNS -
https://www.eurasiamining.co.uk/operations/west-kytlim
https://www.eurasiamining.co.uk/images/2018/KL-2018.jpg
GLA
Wow. Thanks A1EX. Unbelievable the pace they going at.
Hi All.
Nice to finally have a satellite update of WK. Please see tweet below:
https://twitter.com/R1EXG/status/1279777251236642816?s=20
Analysis a touch lighter than previous tweet but what can be clearly observed are:
Full site works at 'existing' ground zones (evident by clear difference in forms etc).
Further extension of the central clearing with part new being mined / worked.
Looks like an increase in infrastructure (could be new wash plant they've referred to on numerous occasions).
So, as expected, WK continues to be fully operational in the background of full / part asset sale and further continues to expand the footprint of the operational zone. Images were taken from planet.com. Some others may be able to provide some deeper analysis of speculated workings at ground level but i'm very happy with what is materializing here regardless of 'for sale' status.
Happy Days.