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Okay buddy. Just speculation. Been on my mind for few days.
No. the new office is near their west kytlym asset, which leads me to believe that it's just MT that is going to be sold. Wk will be expanded, and then other assets that they have had their eye on will be applied for and either taken to production or sold. That is just how i personally see it playing out at this stage, they have the right team to do it.
GLA
You think that the guys tweeting about new office is them moving over to the Norslik Nickel site? It’s next door no?
And if the figures are to be believed, they are getting 40-50Moz (rights to the other areas). Courtesy of the JV with anglos drilling campaign, those figures are highly likely to be proven.
It's win win for everyone!. Eurasia get a massive pay day, the asset stays in russian hands and norilsk get to make a super mine in close proximity to their facilities in monchegorsk.
GLA
You may think that figure is too high, but what you fail to see is that it's small fry for what norilsk will get a hold of. They purchase the 15Moz, but then will get the rights to the other figures that were mentioned in interviews. To them it's peanuts for what they're getting a hold of, and fits perfectly into their rapid expansion plans that they have 12bn earmarked for!
GLA
I would think a multiple of the pinned tweets worth. That is of course just my opinion based on 15Moz proven.
Open pit makes it so attractive to any buyer of MT, such easy work for them.
GLA
I think it is becoming obvious that the eventual buyer of our assets / assets wants the warrants out of the way asap. They don't want any hang over. By the end of the month, we should know a little more once these warrants are out of the way. Most of them will be forward sold imo and they don't amount to much in any case in the grander scheme of things. I think anything less than 15p per share would be a give away on our behalf. GLA. Not long to wait. Just a little more patience required.
From RNS 24th, nice bit in brackets :
(mostly palladium) - The average Pd:Pt ratio for Monchetundra is 2.36:1.
The average Pd:Pt ratio for Volchetundra is 2.93:1.
Already proved.
GLA
Very true Mac its really not a cliche theres a difference from the day to day aim stocks which offer 300- 500% to EUA but the reality is theres a possibility here of a £20 mil company as of 23rd october being worth several hundred millions or more, the reasons it hasnt already overlooking the commodity to be honest until china and india were dug out for their emissions and we bought in the ULEZ bringing down car emissions was a priority but not top. And like Dimitry said in the Proactive interview theres an extra $700 on the price of the commodity which goes back into profit. think of it like this if we had a palladium price of $1000 as it has been and it cost $300 to mine it only leave $700 now take $1587 the Q3 average take away the 300 gives us $1287 thats why we wernt bought before IMO of course
Different league, he has always known it, he just kept it close to his chest until oct 24th 2019 -
"The board is pleased that major banks such as CITIC and VTB Capital, the largest investment banks in China and Russia respectively, are interested in Eurasia's PGM deposits including the ones in Kola which are much improved in size following the addition of the new 'Flanks' areas (see announcement dated 26 September 2019). Our total resource with the account of areas within the flanks contours is about 15 Moz of PGM (mostly palladium) that we believe puts us in a completely different league of major palladium companies already in production stage."
GLA
Great finds chaps,
kind off got a feeling this is going to be the longest weekend ever!!
Roll on next week.....
GLA
All the people who were thinking that certain posters were ramping, have all been very wrong, the sale potential for MT is HUGE. Do the figures with 15Moz proved instead of the 2Moz, and that's where we are at with those flanks. Because eurasia have already drilled it, it's just a paperwork formality to get them back in their license folder!
GLA
It was a no brainer for them oversight, absolute no brainer, especially with all the drilling and proving up that had taken place!.
I don't think you will ever see anything like this on AIM again, it's massive!
GLA
June 20 (Reuters) - Eurasia Mining Plc, which operates gold and platinum group metals projects in Russia, said it would buy out partner Anglo American Platinum Ltd’s stake in their platinum mining joint venture.
The miner said its unit Eurasia Investments Ltd (EIL) would buy the 50 percent stake it does not already own in Urals Alluvial Platinum (UAP) from Rustenburg Platinum Mines (RPM Cyprus).
The agreement is conditional on RPM Cyprus and members of the Anglo American Platinum group getting approval from the South African exchange control, Eurasia Mining said on Friday.
https://www.reuters.com/article/eurasia-mining-anglo-platinum-idUSL4N0P12HK20140620
didnt take long for them to buy them out becuase they knew the future worth IMO
Horayyyyyyyy for anglo, such lovely gents -
Monchetundra
To date, 16,121m of drilling have been completed on the licence, with most of the intersections from the last phases of drilling having been previously announced in early 2009 as a table of results, without accompanying geological comment. Subsequent work during 2009 focused on an interpreted ore structure in the Loipishnyun sub-area, stemming from recent drilling, but also included several previously unreported intersections.
GLA
Mac....
Full Text....
RNS Number:7066B
Eurasia Mining PLC
08 August 2007
Eurasia Mining plc
('Eurasia Mining' or the 'Company')
Discovery confirmed in Kola JV with Anglo Platinum
Eurasia is pleased to announce further confirmation of a platinum group metals
(PGM) discovery on the Kola Peninsula in north-west Russia.
Anglo Platinum, the world's largest primary platinum producer is funding the
exploration programs up to US$10million and these results complement the two
previously announced discoveries in areas covered by the joint venture.
Confirmation of the discovery on the Monchetundra licence follows completion of
2,339 metres of drilling in 12 holes to the end of July. Platinum grades of up
to 10.7 grams per tonne (g/t) and palladium of up to 2.88 g/t were identified
within a one metre section of the mineralised zone measuring 17 metres in
thickness.
Eurasia Managing Director Christian Schaffalitzky said: 'We are of course
delighted by these latest results which confirm an continuation of the
mineralised zone identified in our initial Monchetundra discovery. We are now
drilling to seek further extensions.'
Drilling work is also continuing on the neighbouring Volchetundra licence, and
by the end of July a total of 851 metres was completed in four holes to follow
up the initial discovery announced in March 2007. The holes have yet to be
assayed but summary logging indicates the mineralised zone appears to continue
both along strike and down dip.
Eurasia's joint venture with Anglo Platinum covers the Monchetundra,
Volchetundra and West Imandra licences which together cover a total of 450 sq km
on the Kola Peninsula. The licences lie on an extension of a geological trend
where the Canadian groups Barrick Gold and Consolidated Puma Minerals
Corporation are carrying out advanced exploration and feasibility studies on
nearby deposits..
Results from the earlier discoveries on the Volchetundra and Monchetundra
licences showed the presence of platinum and palladium with grades of up to 11
grams per tonne. Initial appraisal work is also under way at West Imandra.
The technical information and opinions contained in this announcement have been
reviewed by Christian Schaffalitzky, the Company's Managing Director who is a
Professional Geologist and Chartered Engineer and a member of the Institute of
Materials Metals and Mining and the Institute of Geologists of Ireland.
Ends.
Look at those bloody grades......you can now order your yacht !!!!!!!!!!!!!!!
Monchetundra has potential to sell for multi-Billions !!!!!!!!!!!!!!!