RE: Eurasia, what a fantastic share to be in6 Dec 2020 19:49
This is from the RNS on the 3rd December so if it is released this month what a great Xmas present for us Pi's and we also have more big boys getting on the band wagon such as Blackrock at 38s they do not deal with 7.4 trillion of assets just for fun and are not in it for small returns
The final approval is expected to happen this month. The DFS approval is an important milestone for the West Kytlim project for several reasons:
1. It eliminates single asset risk by allowing production at several open pits concurrently and shifting the equipment between them when and if required to provide for consistent production volumes to be achieved.
2. Concurrent mining allows for the increase in production volumes compared to the sequential approach to mining adopted by the contractors prior to Eurasia taking over the project as owner-operator this year.
3. The DFS allows all year-round mining operation for stripping, earth moving and mining activities to happen also in winter months (while the water is frozen) in preparation for the next season and also to stockpile the ore for treatment.
as usual GLTA