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Usually the initial offers build appreciating assets in to the discussion allowing for price movements. By the time you reach a final binding offer, it's at that point that the terms will then account for future rises. All of this means is that the FSP will include the rising Rhodium prices until the discussion progresses to near completion.
Agree Dore, they will have ‘hedged’ metal prices based on LME from a specific date. Changes thereafter won’t be accounted for in the FSP but would still be a driver from the buyers perspective.
The other point with regards Rhodium is how it is used, ie in very small quantities - DS referenced this in the interview with PI, his point being that no one really 'cares' about the price because it is such a very small part of the end product price it makes little difference to manufacturers and they are 'comfortable' sucking up the increases.....it's an interesting point and one that could see the metal continue to rise.
That's an eye opening estimate marik!
I have no idea what the final sale price could be, they must be finding the rapid change in metal prices a tough negotiating point. I know they choose a price point to reflect the longer mining life time, but where do place that in a supercycle where both the buyer and seller is happy?
GLA
The mm can control the SP but they can't control what we have in the ground , monster RNS to land anytime .
It's because Rhodium is so rare. Compared to the amount of gold dug out of the ground, it's 100:1 i.e. extremely rare, and there is a very big demand. The price of rhodium in my opinion is still undervalued when bench marked against other metals. I was having an estimate not too long ago and placed it around $63,000/ounce.
It's because Rhodium is so rare. Compared to the amount of gold dug out of the gold, it's 100:1 i.e. extremely rare and there is a very big demand. The price of rhodium in my opinion is still undervalued when bench marked against other metals. I was having an estimate not too long ago and placed it around $63,000/ounce.
You know where this is going Mac... it's going straight upwards.
The other metal bull runs are exciting, Rhodium's though, well, its run knocks you right off your chair. Look at this weeks increase alone!!
GLA
Just because we love it that much -
"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
Hand in hand at Monchetundra, what an asset, what beautiful geology!
GLA
Mac, I think the buyers will have made sure to have access to that data and what's very interesting is that they are still interested. Eurasia is in for a huge sale in my opinion.
It's a beautiful thing to see. As i've highlighted in previous posts, Palladium and Rhodium positive anomalies walk hand in hand at Monchentundra. It is also listed as a metal produces at West Kytlym, and we all know how rapidly they appear to be stock piling ore there at the minute.
Huge change on any valuation model of a buyer. That data room the have the privelege of going through at the minute, will have all the metal breakdown specifics for both assets.
GLA
It's not only how much Rohidum we have now it's how much is in the ground in the surrounding areas which we can get licences too also. Same geology
If it is 20 tonnes, then Rhodium ALONE would add approx. 40p to the FSP!
roughly $18b
If Eurasia Mining are saying that Rhodium has a meaningful impact on the revenue, I would estimate we could have >20 tonnes in the ground?
One cubic foot of rhodium equal to the current Mcap is astonishing
The pro's should be buying the resistance, only place they can gather stock
GLA
1 cubic foot of Rhodium weighs 774.73099 pounds [lbs]
17x17x17in = 4913 cubic inches = 2.843171 cubic feet.
2.843171 x 774.73099 = 2202.7 lbs.
2202.7 x 16 = 35243.2 oz
35243.2 x $26,500 = $933,944,800
https://www.aqua-calc.com/calculate/volume-to-weight/substance/rhodium
I'm watching it bounce on investing.com between those prices.
Would love to know how much rhodium we have.
Just think, by my calcs a cube of rhodium measuring 17 x 17 x 17 inches weighs 1 ton and is worth $1 billion.
To think that Eurasia has so much Rhodium, that it significantly impacts the revenue.
Wandgrabbit..... I think you could be onto something there.
I think we have sold Mt. and are keeping W.K.
We will see the figures after the sale and it will super charge the price. Imagine a Tier 1 Rhodium mine?
Looks like price up again this morning, $26500 per oz. If only we know some figures of what we have in the ground ;)
One thing for sure is that Dimitry knows