Proactive Investor good report16 Jan 2022 14:17
HI ALL
Not sure if this has been posted before, I know its from December.
"We are delighted that a relaunch of the NKT nickel-dominant mine generates a significant NPV of $1.2-1.7bn," said chairman Christian Schaffalitzky
Eurasia Mining PLC (AIM:EUA) announced a Tier-1 scale resource estimate for the Nittis-Kumuzhya-Travyanaya (NKT) nickel-copper-PGM mine, formerly operated by Norilsk Nickel.
The JORC-compliant resource, prepared by Wardell Armstrong International (WAI), estimates 305,000 tonnes of nickel, 143,000 tonnes of copper, and 57 tonnes of platinum group metal (PGM) and gold (11.2 million ounces of platinum equivalent) for an underground mining operation.
The net present value for the underground part of the NKT project is $1.2bn under the WAI price forecast and $1.7bn under spot prices. Work on the open pit part is in progress and the net present value of that part will be announced separately.
https://www.proactiveinvestors.co.uk/companies/news/969428/eurasia-mining-reports-tier-1-scale-resource-estimate-for-nkt-nickel-copper-pgm-mine-969428.html
So if Tesla is paying 1.5bln for 75k tons we have over 4 times that amount just in the 1 area plus everything else so could easily be over 10bln
I know that these are estimates but WA would not put any figures out unless they had a rough idea.
Also before you start jumping on me I do not have a clue whether Proactive are any good or rubbish so don't shoot the messenger, link attached.
ATB
Les