RE: Taking platinum at $116026 Mar 2021 18:13
Today's RNS is all about a JV for 9 additional assets.
Those saying its platinum, wrong.......read the RNS again.....
9 assets
of which 4 have..
Four palladium, platinum, copper, nickel and cobalt open pit deposits
5 have
A further five mostly open pit palladium, platinum, copper, nickel and cobalt assets
The FSP and our current assets , not affected.
"The Company's existing mining operations in West Kytlim and Monchetundra will not be affected by the JV, "
great, it gets better....
"except that the ores from the Additional Assets could be toll treated at the extension of the Monchetundra processing plant to be constructed on "turn key" basis in accordance with the signed EPC and Financing contract signed by Eurasia's subsidiary with Sinosteel"
75% of each assets. A call option for the 25% :)...read below
"Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code. "
Now we know why Rosgeo sent EUA , representing Russia in Canada a couple of years ago.
When you read the RNS again, how the fuk in hell have the BoD managed to pull this off? hahaha