Member Info for Ibizamatrix1998

Hi Mac, Thank you for re-posting. From memory, despite less meters being drilled at Volchetundra than MT, a lot of the holes were returning much higher grades? Some were significantly higher. Are you able to dig (!) into your resource library and provide a brief summary?

GLA and have a relaxing Easter break - both those of faith and those of none.

Hi Tilly, I had £0.42 by COP so bitterly disappointed and no amount of rum will take away that feeling. The never-ending FSP and lack of investor appetite for the long-term have also played a part. How many sells during the day? I still have 10 fingers and 10 toes, so I will live to fight again tomorrow. Hold fast!

GLA

Hi, I am still focused on the end result of the FSP and Friday's RNS was superb and guarantees the future development and exploration for generations, future proofing any TO. I thought the SP might have pushed higher today for selfish and psychlogical reasons but still holding. The game is still afoot and I won't bet against the BOD after they have got us this far. Another RNS can land at any time as did the WK upgrade and the JV. Be carefult out there.

GLA

Hi Ian, if it’s not too much, please could you add me to the list £0.42 EOD.

Thank you and GLA

Hi Mac, when you’re putting together the summary, can you clarify more about the Call Option? How long would it take for a reserves audit to be completed under the JORC code and approx cost? As well as having a 75% equity stake, EUA can buy the RosGeo 25% of any of the mines on an arm’s length basis. Have you ever seen ‘cherry picking’ of this magnitude before?

GLA

Hi, I’ll go for a 50% rise to £0.42. There will be a lot of sell orders all the way up as the FSP may take longer than expected and push the Big RNS out a bit. There will need to be a constant and a sustained high volume and buying pressure, assuming no MM games along the way.

GLA

Hi Mac, you’re correct of course and please accept my apologies.

GLA

Hi Mac, There a 104m reasons to celebrate! However, in case you have hit the rum too hard, the RNS states 104m oz of platinum equivalent (not palladium). Do you need to re-run the calculations using $1,182 oz instead of the $2,700 figure?

GLA

Hi Crabby, you're correct. There was a 30% discount applied as no MT flanks. As the ACF report was £0.60 x 30% due to MT flanks that is now in the region of £0.79. You can add the rest in: WK flanks and resource upgrade,higher PGM prices, last consolidated play , multiple offers - the £1.00 looks achieveable.

GLA

Hi Mac, as a point of reference, what did the last PGM mines sell for as a % of in the ground asset value? I think it was 12%-15% from memory, but I could be wrong. Therefore, 15% of $39bn is $5.85bn? I think your starting point for a full TO has legs.

GLA

Hi Ian, Happy Birthday to you and the other hopefuls today. Thank you for all your work and continued support of the board in all its forms.

GLA

Hi, Please can someone confirm when our Index inclusion is up for review? I think it is 31st March 2021. What does our value need to be, or other critiera need to be, to remain within the Index to ensure that the II Index Tracking Funds continue to buy EUA?

GLA

Hi Judge, that is a fabulous scenario. Could you add a little more about what the timeframes might look like? How long to get to the share consolidation, how much would we need to be producing at that stage? Do you envisage a 3-5 year time horizon, or less?

GLA

Hi SharpEye, thanks for the info, let’s hope we see a rise today to reflect the resource upgrades.

GLA

Hi Montmuzard, I think GMF78 had WK as a stand alone asset valued at £0.17 as a fair value before today's RNS. Do we need to uplift that by 43%? WK could not have a value of £0.24 as most of the extraction costs will be taken already, but even if not, that is still a potential £0.07 p/s uplift...

GLA

Hi Mac, the $10m II investment for WK, the DFS, the flanks extension and the new plant and machinery too - could point to an MT sale and keep WK as one of the largest Pt alluvial mnes in the world? Is it a coincidence about the AA fund raise, the companies house share declaration and now this RNS, combined with the rise from £0.21 could mean we are at the very end now?

GLA

Dear Applicant, thank you for contacting us about your financing request. As you may be aware, we are ready and willing to support and viable business on an initial and ongoing basis.

I can see from the official notification that you estimate to have 15m oz of PGM and we have used $2,250/oz as a guide for our initial offer. The previous deals of this type were on a basis of 15% of the in ground value, which gives us a value of approx $5bn. Clearly, work still needs to be done to verify the final reserves but in this basis we can offer you a loan of 60% over a term until 2038.

I have been instructed that we offer discounts to corsarios, so please mention that in the feedback section.

Unfortunately, recent rumours of $15bn seem excessive and we suggest Vitamin C to mitigate the delirium and scurvy.

GLA

Hi SW, thank you for sharing this document. Really appreciated. As Mac said we are looking to produce 5X their capacity also, unless I’m reading that wrong? Is anyone able to work their magic and extrapolate the figures and convert to SP?

GLA

Hi Ed, I’m still in. Is there a “head in hands, gently shaking head, disbelief” emoji?

GLA

Hi Hungry, I feel your pain as my average is 5p and I have been holding since before the licence was granted over 5 years ago. To echo some positive sentiment, if the 2018 drill results give us in excess of 2m tonnes, surely this needs to be developed? Calculations from various respected posters, indicate that AMC should be a success. The TEO needs be be released sooner rather than later, but I’m not holding my breath.

GLA