Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This could be the next Amazon, Apple, Tesla type of stock. It has already gone sub-penny to sub-pounds. I think all LTHs are waiting for this.
I think you'll find that 1 month on.....
.... they are still jubilant.
ATB LB
I'd take that.
The tweet on Friday still comes across to me as:
"We are very excited. We are dying to tell you more but we can't just yet. We are nearly there."
GLA
Absolute classic moments.
So 80% of £5.00 would give a dividend of £4.00... If it was to happen i am reminded of the Only Fools and Horses sketch when they sold the watch. haha fingers crossed.. Well we've had better days lol...
"That is massive" - yes it is :-O
10% of those figures would be over £5.00 per share..... That is massive!!!
Another thread that I find fascinating.
Great work Julian.
Mr Postman,
as most of the resources have already been classified under the Russian Code reserves and resources - most will assume JORC classification probably not expecting to re-rate the resources.
The financial markets do prefer certain classifications - especially if they are going to provide the finance.
Is this figure what we actually know so far? So, the JORCs due could indicate a lot more?
sorry ! busy in the r/w and my typing/typos and general fubared post reflects that lol still i got the $8 bil right so thats ok :)
I like your thinking @tc101
10-20% would be good ($20bn). I believe the assets in the ground are bigger and will be verified by the imminent JORC results. So a smaller percentage will be required for that target.
@pk73 6:54
IMO... Just my theory.
One way to split the elements off would be toll treatment agreement through NNs facilities at Harjavalta and Monchegorsk. Kola MMC and Gulidov Krasnoyarsk. Perhaps a JV involved. JVs not necessarily with eua but with the buyer(s).
Harjavalta is not far by road (not sure about rail links) . It can handle Nickel, cobalt and pgm cake. The latter can be refined further by Kola MMC. Harjavalta is subject to a long term expansion program to double capacity.
"NN Harjavalta produces nickel cathodes, briquettes and salts, and cobalt sulphates and solutions. On top of that, the plant manufactures PGM-bearing copper cake which is shipped to Kola MMC."
Then there's the new smelter being built at Monchegorsk which handles copper. Wheelbarrow distance away figuratively speaking. A replacement for the old facility, now decommissioned, also with doubled capacity and more environmentally friendly credentials.
So all processing facilities exist close by imo and are being upgraded.
ATB LB
Judge-mental
But then again we only have 75% of the Rosgeo JV resources, & 80% of MT , then less fees say 5% of total and perhaps some tax andl we're getting 80% spec Divi min as presumably some kept back for EUAv2.0. We may keep WK as well.
so maybe £4bill+
And 80% of that minus fees as special dividend :)
GLA
I'd certainly vote for anything 8 to 16 billion! Jeez
5% assets in ground still relates to $8 bil which is huge AND twice the expected return that a veture capilatalist would demand before the risk is wirth the reward !!! No wonder the ii wanted more :)
Still outstanding work.
Well done all - amazing effort.
At least 10% of that will be beautiful.
$164B - sell price 10-20% of that?? I’m guessing clearly
The organisational chart is quite interesting and Richard has drawn it out (see his tweet below):
https://mobile.twitter.com/RichardDugdale3/status/1482650351597760513
Jack - excellent post from yesterday. Thx for the musings.
Pk
Pk,
I sort of partially address some of your points in my post yesterday (9.23am). It was a longish post so will not repost.
Fr.jack.Hackett, I agree with that but can’t get my head around one thing.
If you look at the make up of the mines, they are not just one metal in each tonne of ore.. A nickel deposit also has other significant value in every tonne it digs up.. I’m no geologist, but I assume these can be separated on processing in a smelter in to the various constituents? I guess it’s a case of reprocessing tailings? But if these are on land owned by the newly sold kola nickel then how does that work?
So how do you sell the nickel assets without damaging your pgm or hydrogen business arms?
Obviously there is a way, but thing I can think of is that it’s a bloody complex deal which allows some sort of buy back of the other metals, but then who stumps up for the extraction…? Are Eurasia putting together a deal where different parties work together?
Confused musings, as I woke up trying to work out how they’re gonna do it… might got back to sleep..
GLA pk
Marik,
that link you provided shows that nickle is present in all major assets (apart from West Kytlim).
It therefore compliments my earlier post yesterday (16-Jan at 9-23am) where I suggested Eurasia have already implied in their last RNS what is being sold as the wording states clearly that Kola Nickle has been incorporated to 'carve out all the nickel assets of Eurasia into one subsidiary company'.
So if they are now putting the management of ALL of Eurasia's nickle assets into a single subsidiary company then that means if they plan to sell any nickle asset in the future - then they plan to sell all nickle assets (or why do it).
Unless the only asset being sold is West Kytlim, which I doubt based on previous announcements - then the only other reason (which I have deduced) is that ALL JV, MT & FLanks are being sold - as each of these would produce nickle and therefore this metal shall be managed by the single entity - Kola Nickle.
It also means (or I have deduced) that a single organisation possibly a consortium, shall buy the lot (possible with the exception of WK).
I would suspect Eurasia's advisor (SP Angel) would not approve release of last weeks RNS using the word 'all' in relation to the nickle assets if they were actively in the process of selling some but not all nickle assets.
I have kept the exception on WK - as it is not a nickle asset - but it could well be included.
All the reasoning is in my earlier post.
Them values were at 16/01/21