Sampo5 Feb 2020 18:28
Whoever mentioned EUA in the KEFI chat forum - Thank you
I started researching EUA after that shout out and could not believe how much this company has got going for it.
This is what sold it to me...
"Christian Schaffalitzky, Chairman at Eurasia commented: 'We are pleased to offer this further update on the resource surrounding our Monchetundra Project. We are now well established in Kola with a production license valid until 2038 and our exclusivity to the flanks firmly established under applicable laws. We have always noted the significant potential in the area which we now more strongly believe can be developed into a new global mining region for PGM to rival other large PGM producing regions of the world, including the Bushveld Complex in South Africa and the Taimyr Peninsula in Russia."
As a direct consequence of the issue of the mining right, the Company was entitled, as per Russian sub-soil licensing laws, to apply for further ground in the immediate vicinity of the mining license. This exclusive right is in place to protect parties to which a mineral discovery is credited, in the event that their mineral reserve can be shown to be continuous beyond their production license. This can occur if, for example, the Company's initial exploration license did not include all of the on-strike continuity of a potential ore body.
* The license should be a formality now and once that comes through, BIG guys will be looking to buy them out.
I came in a 4.5p and will hold for a while. Anyone in this would be mad to sell!