RE: today1 Sep 2021 15:58
"Rosgeo has confirmed to Eurasia that the process on the license for Nyud and Moroshkovoe open pit deposits is in an advanced state."
140 working days according to Alex. This can land any day now.
"· Block modelling and open pit optimisations are now complete for 6 out of 9 Rosgeo JV projects that in total represent 104.6Moz of platinum equivalent resource"
The above is on top of the additional drilling, prep CPR under JORC etc we were told about on the Nuyd update RNS. The Rosgeo JV is moving really fast. A lot of work being done on all the assets quick time.
"The Monchetundra Definitive Feasibility Study (DFS), contracted to CKE and EMR (both defined below), is in the final stages "
Final stages so not long before the buyer/s get all the data they need. I doubt we'll be told the details as NDA is still in place but transaction should shortly follow completion
"successful completion of geotechnical and other studies performed by Gipronickel (an engineering arm of Norilsk Nickel)"
Clear evidence on Norilsk's interest in MT. We've been given clues but today's RNS makes it clear NN are in the shake up. MT is a monster and NN are a massive company. NN used to be mentioned on every EUA rns. NN seem fav to take it but with DFS, EUA open the competition wide open. imo, the Russian code at MT would be enough for NN but with DFS, EUA can open the competition to others outside Russia that would want to see a DFS. I would not be surprised to see one or more of the big car companies get involved last minute. May be even Tesla. Elon did say he will concur Russia in the summer :)
"as well as an audit by Wardell Armstrong International."
Wardell are working on MT as well as Nyud. #link Its been suggested Nyud and others are part of the strategic option and EUA have hinted the possibility. It sounds like the credible buyer/s wants the lot at Kola. In the Nuyd update RNS, EUA said "Eurasia has engaged Wardell Armstrong International in relation to Nyud to among other things". Among other things = MT. Now made clear in today's RNS.
"The following tests have successfully been accomplished by Gipronickel"
extensive testing by Norlisk's engineering arm. NN will fight all the way.
"Mekhanobr Engineering" "More than 250 mining-and-processing operations have been constructed using their designs,"
Why would you have a plant at MT, Nyud and the region when you can build 1 or 2 big plants and link the assets. Cost effective.
The fact Mekhanobr are involved shows production is not far off. Beneficial to Russia state,EUA, NN. Lack of supply will be no more when they get Kola up and running.
There's more in today's terrific RNS, one of the best we've had.
You would have to be crazy to sell at this point. Do not listen to the shorts. More news is days away! GLA
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