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I think we could be doing something there...
A Geology Appraisal firm marketing their involvement and live project at Volchetundra with Terskaya.
So, fair to assume they (Eurasia) are actively working at regaining the Volchetundra license... All IMO but this is a huge clue.
https://twitter.com/R1EXG/status/1290312857092055040?s=20
It was something suggested a while back, that the current assets may be sold and then Eurasia could move onto previously explored assets. Volchetundra being one of them.
That does appear to be what they're doing from your tweet, nice find.
GLA
Previous drill results from Volchetundra can be found here -
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x55ym2x
GLA
Alex - would that not complicate the company sale as any mining application would be in the name of the EUA Group which could be sold lock stock and barrel?
"To date, 12,192m of drilling have been completed on the Volchetundra Licence."
GLA
It's interesting that CKE are also mentioned in what you've found A1EX, very interesting indeed.
GLA
James.
Not in my opinion.
Firstly, we don't know if an application has been made. We can speculate that perhaps one is being prepared given a company is 'appraising' with Terskaya.
Terskaya previously held the Volche license so to re-activate it under a another company would encounter complications IMO.
Also, the license holder 'Terskaya' is the asset that would be sold IMO, therefore licenses would not have to be transferred, Eurasia simply surrender their 80% stake to whoever takes the asset from them. Applying for this license under Terskaya only adds further value to the MT asset sale under Terskaya.
Obviously
If they were to bundle it into the sale, forget any of the conservative valuations we've seen to date -
"The total strike length of prospective contact zone within the licence area is interpreted to exceed 40kms."
GLA
Amazing find A1EX, the more info that is unearthed, the more Sir rowka's £3.50 + valuation starts to look conservative!
It allows you to understand where the extra 25Moz will come from that they have mentioned.
Previous drilling in the area will have already gave them a good idea for certain figures imho
GLA
Seeeeeeee, who laughed when Simply Wallstreet said £8.37 ; =)
More importantly, let's see who has the last laugh..
I can see Rowka skipping down the road where he lives in fits of joy, if they bundle Volchetundra into the sale lol
GLA
When you go back to the FSP RNS, it may well suggest that they were applying for additional licenses for the 25Moz, because they inserted a disclaimer into the RNS -
"it should be noted that there is no guarantee that all these additional 25Moz of resources will prove to be economic or that Eurasia will be granted a licence over all of these 25Moz of PGM resources."
There would be no reason to insert that disclaimer if they were not looking to apply for that extra 25Moz imho.
GLA
Mac
yes indeed...not in there by mistake. Does indeed hint that they may apply if they have not done so already...keeps the bidders honest reminding them of what they are really bidding for.
GLA
We could be looking at a resource upgrade at monchetundra and the addition of volchetundra, or at least part of volchetundra.
I've been here that long i was over the moon and possibly too focused on the 15Moz, as that is worth a fortune and is mind boggling when going from a half penny share. But add a MT resource upgrade and VT/Part of, and my mind starts to go into overload with the possibilities of a final sale price.
What an absolutely wonderful mind boggling situation to be in right now.
GLA
Yes Mac
It’s completely mind blowing. It’s the known unknowns..why mention Vol in which case..in the grand scheme of things we shouldn’t have too long to see how this unfolds
GLA
It's almost far too much on the excitement front saxonaxe. Mind = completely blown.
An AIM share as well, just floating around in the disguise of a minnow!!
GLA
Does anyone else think our timescale expectations are too optimistic, we keep saying tomorrow / next week, should we be thinking November / December for all of this to come together
Yes I agree because “latter half of H2” for fruition was mentioned.
However there will most likely be a “roll-up” to that with increasing SP as prolific interim news is deployed strategically by the BOD.
Therefore really not worth gambling on selling for rainbows between now and the endgame.
Troft x
You can certainly see why Dmitry said that they would not be rushing, the sale potential is off the chart if they play it exactly right.
News headline of the future - Dmitry Suschov becomes a billionaire. . . . . . . . .
GLA
I'm personally happy whenever it happens as long as its the best possible deal, I just need to reign in my minute by minute check of this board if it doesnt happen soon, else I'll go bust from not getting any work done!
Be mindful, we can’t be certain an application has been made (to date), evidence here suggests that studies are / have been carried out which is an obvious piece of work forming part of any mining (exploration app).
Will keep eye on the application site. May make a call and see what this company have been up to with Terskaya seeing they’re quite open in their involvement with them!