Game 1 - Guess the date of the next major RNS:-23 Dec 2020 05:16
Good morning, everyone,
I hope you are all keeping safe and well in this highly contagious new world of ours, I see Tesco are now having to ration eggs and toilet roll! ...
One of the major RNS's we are awaiting is the outcome of the Definitive Feasibility Study (DFS) and as we have been advised by the company, is due by the end of this month, (December) this year!
Snippet from ProactiveInvestors:-
"Eurasia Mining PLC (LON: EUA) has updated on the definitive feasibility study (DFS) for its West Kytlim mine project in the Urals where final approval of the key document is now expected this month.
The company noted that the DFS has now been approved by the working meeting of the Russian State Committee on Reserves.
It said final DFS approval will be an important milestone for the project, because it will eliminate single asset risk – by unlocking production across several pits – and will allow concurrent mining that will enable increases in production volumes (versus a sequential approach to mining the deposits).
Importantly, approval of the DFS will allow all-year-round mining operation for stripping, earthmoving, and mining activities. It will mean that during winter months, when the water source is frozen, the company will be able to prepare ore stockpiles for treatment in the next processing season.
READ: Eurasia highlights strong finances
"The directors are delighted with the finalisation of the DFS and the approval process aimed at production increase in these exciting times for PGMs especially for palladium and rhodium,” said executive chairman Christian Schaffalitzky in a statement.
“The company is committed to its strategy, while also adding value to its projects. Further announcements will be made in due course".
Presently, whilst DFS preparation and approvals were the main focus, the company noted that it has also begun preparations for 2021 early.
It noted that 1,525 ounces of raw platinum was produced this season and looking to 2021 it expects to learn some lessons from last year - when it was impacted by a delayed permit.
Efforts included the preparation of technical project documentation for 2021 production, early application for permission from forestry authorities, acquisition of additional equipment to increase the production volumes in anticipation of the concurrent mining at several open pits, and early stripping, earthmoving, and stockpiling activities.
Additionally, the company said it has put in place strict measures in relation to prevention which allowed for zero coronavirus (COVID-19) cases at West Kytlim production sites. "
Well, not many more days left for December this year, so that is why investors are getting excited, as we know it is due, and within the next few days!
Today's entrants are:-
----------
Tommyscope - 23/12/20
JimJam - 23/12/20
RustyDog84 - 23/12/20
Rentacone - 23/12/20
Cam147 - 23/12/20
Hopeful777 - 23/12/20
----------
Good luck all, another Bl
Sign In
Follow the stocks
