Cheer up29 Jan 2021 17:59
Been a bit doom and gloom on here so here's some positivity going into the weekend from RNS that I'm sure everyone has already read (O.O). These are just my basic thoughts from RNS. Feel free to agree or disagree. There will be no fancy satellites or old papers from research gate presented. Just plain old RNS with links provided at the end.
EUA becomes extremely attractive due to increased metal value and everyone noticed the sale value of similar mines, so banks got involved to try to cash in on the last mine of its type [1].
The BOD announce that there are multiple parties interested in out company [2]
In the interest of dealing with them all, they begin FSP [2] to have all interested parties sign NDA rather than dealing with everyone individually.
They bring third parties on board to facilitate all of this (e.g. UBS [2], DLA [3]).
The BOD present XYZ data making XYZ claims (e.g. MT 1Moz PA plan [4], 15.5 Moz [5], 7Moz here [5], WK production can be scaled up [6]) to interested parties after signing NDAs at the beginning of the FSP.
Interested parties say well that all sounds great If you can prove it to ‘X’ extent then we will offer this, and if you prove it to ‘Y’ extent then we will offer this). They then submit non-binding offers [7].
We know a non-binding offer stipulates what each party expects from the other etc [8, 9, 10].
So, BOD essentially have a to do list and head off to prove their claims. They sack off the WK contractors to give them free reign over WK [11], get Typil licence [12], WK DFS [13], MT flanks [14], access to data at MT from NN [15], Alexei Boucher prepping samples since November 2019 just before MT was declared as a site of federal significance (i.e. valuable) [16]
Absolute precision were in discussion with EUA since at least March 2020 [17] and wrapped up their work in Monchegorsk (our area. We are the only ones with mining licence here) just before the New Year [18].
So, what is left to do?
Well, the FSP is still ongoing despite the difficulties/ delays so no worries there [19] so I can think of 3 options.
Option 1: Nearly there. Could be that all of the terms from the non-binding offers are met and they are discussing the final details.
