Member Info for mac4671

No impact, here ends bargain basement territory.

Any well researched knows where the supply and demand scenario is going, and, why someone like CITIC MERCHANT would be soooooo keen to sign an engagement letter and get the ball rolling with things in the FSP etc.

Feet up and very relaxed, sipping on Hydrogen ice chilled Koka Kola and nibbling on nano-palladium chocolates.

Bet that caught a lot out lol

GLA

China is supplying Japanese car manufacturers -

"In 2014 AESC was the second largest electric vehicle battery manufacturer worldwide (after Panasonic), with 21% of the market"

"In Aug 2018, Nissan announced sale of its electric car battery unit to Chinese renewable group Envision Group, while retaining a 25% stake. The sale included AESC as well as battery manufacturing plants in USA (Tennessee) and England (Sunderland). NEC's 49% stake was also to be sold to Envision."

https://en.wikipedia.org/wiki/Automotive_Energy_Supply_Corporation

http://www.envision-group.com/envision-aesc

As those Japanese car manufacturers scale up their EV production, the Chinese have to scale up their battery production to meet the requirements. Simple logic tells us that the Chinese need to secure a lot of resources to fulfil the obligations of the scaled up battery production.

It might say 'made in China' on the tin, but, Russian metal resources will end up in a lot of their battery product range.

Everyone is crying out for Nickel at the moment, Russian Nickel is no different to any other Nickel in the World, it sells for the same price and it goes into the same products!

GLA

How do you think they will achieve this? -

"Nissan said in November it planned to spend some $18 billion over five years to accelerate vehicle electrification, launching 23 electrified vehicles - including gasoline-electric hybrids - by 2030, including 15 EVs."

https://www.reuters.com/business/autos-transportation/exclusive-renault-nissan-mitsubishi-unveil-2030-ev-plan-this-week-2022-01-23/#:~:text=Nissan%20said%20in%20November%20it,by%202030%2C%20including%2015%20EVs.

They can only achieve their goals if supply lines are fully secured!

GLA

See if that works, not sure why links sometimes don't work on this site, it is annoying at times -

http://www.envision-group.com/envision-aesc

http://www.envision-group.com/envision-energy

Chinese green energy group already working in Russia.

GLA

An example of a Chinese manufacturing arm, strangely enough they make batteries, they are the ones who are going to supply the Nissan plant in Sunderland. Scroll down to the map to see the highlighted geographical battery production areas -

http://www.envision-group.com/envision-aesc

That's just one example, most know how China has hundreds of companies who all require the battery metals that are contained at Monchegorsk.

The reason i chose the above example is because they're already a green company involved in Russia. See the relevant map here -

http://www.envision-group.com/envision-energy

"In 2014 AESC was the second largest electric vehicle battery manufacturer worldwide (after Panasonic), with 21% of the market"

"In Aug 2018, Nissan announced sale of its electric car battery unit to Chinese renewable group Envision Group, while retaining a 25% stake. The sale included AESC as well as battery manufacturing plants in USA (Tennessee) and England (Sunderland). NEC's 49% stake was also to be sold to Envision."

https://en.wikipedia.org/wiki/Automotive_Energy_Supply_Corporation

GLA

“Dollar for dollar, the US will never be able to match the deep pockets of Chinese investment banks.”

https://www.moneyweb.co.za/news/international/how-china-beat-out-the-us-to-dominate-south-america/

CITIC MERCHANT - Chinese state owned, always remember that as an engagement letter was signed with them!

"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."

https://www.investegate.co.uk/eurasia-mining-plc/rns/restoration-of-trading-on-aim/202007090700064583S/

People always had to try and outbid the Chinese, i don't think they managed imho.

Rumour is, that in these type of situations China bid way over the top to secure what they need, they make their profit on the manufacturing side of products in house in China. They've been securing assets for years in that manner, out bidding all others fair and square.

My money is on them being the highest bidder here, Sinosteel will construct and a mutually beneficial relationship will be made with NN. This is just my opinion however, we'll see exactly what's happened when the deal details finally arrive for us to look at.

GLA

Tier 1 + Tier 1 + Tier 1 + Tier 1 = many billions. As each JORC gets done more billions are added to the NPV.

China can not complete their EV plans without the needed metals -

"Nickel, It’s a metal for the world but for China it’s gold. China wants to dominate the global nickel supply chains as the communist nation yearns to dominate the global Electronic Vehicle supply chains. But for producing millions of electric vehicles, China needs abounding nickel ore reserves.

Much to China’s chagrin, the country houses only 3% of the global nickel reserves. China produced 120,000 tons of nickel at home in 2020, which is next to nothing considering China’s share in global EV production."

https://tfiglobalnews.com/2022/02/22/indonesia-hits-china-with-a-mineral-bat-and-china-backs-out-immediately/

Where will China get all of their needed Nickel from, hmmmmmm i wonder!

GLA

Any potential asset buyer also knows that increased profit margin scenario is forming.

GLA

All metal markets are priced in dollars, that means that the only thing really happening at the minute is Eurasia's profit margin is increasing. Ruble lowers so cost of production goes down, at the same time the dollar priced metals are increasing. It's the silver lining in the current cloud!

Wainwright know this, hence their new recommendation!

GLA

That's just the underground part which they have JORC'd so far there.

The reality is that with every JORC the NPV will increase by billions.

It's the same district, same ore body intrusion, so, more tier 1 rated assets are inevitable there imho

Draft CPR for NYUD is done and is being reviewed, those details can't be far away from being released!

GLA

Otherwise the BOD would have released something due to the change on Ukraine.

Website changes point to everything continuing as planned.

It's just a waiting game while the ii's buy positions and the BOD get their work done!

GLA

Let the share mopping commence lol

GLA

All industries all over the World need Nickel -

"Highlights:

· Nickel is now the main metal in Eurasia's basket of metals (on a Net Smelter Royalty basis) following the JORC Mineral Resource Estimate produced by Wardell Armstrong International at NKT. Work is being finalised on the high-grade veins part and the open pit part of NKT, as well as on the assaying to upgrade the resource to be separately announced in due course (please refer to RNS dated 16 December 2021).

· Kola Nickel LLC was incorporated as Eurasia's 100% beneficially owned subsidiary in order to carve out all the nickel assets of Eurasia into one subsidiary company.

· Similar to NKT, Nyud's main metal is also nickel. Nyud is included in the agreement with Rosgeo (for more information on Nyud please refer the last bullet point below and RNS of 26 August 2021).

· Wardell Armstrong International was engaged by Eurasia to produce JORC Mineral Resource Estimate at Nyud, as well as a CPR and net present value model. The results of this engagement is almost complete and will be announced separately.

· Like NKT, Nyud is a nickel open pit mine previously operated by Norilsk Nickel. A trial open pit was developed at Nyud by Norilsk Nickel and nickel dominant ore was shipped directly to Severonickel, the world's largest nickel processing plant. Similar to NKT, the Nyud area is well served with the infrastructure required for the relaunch of mining and processing and the tailings will be used as backfill for the old NKT mine developed in the past, following the best practices in ESG and saving on the tailings storage facility capital expenditure."

GLA

With one simple history lesson -

https://en.m.wikipedia.org/wiki/Modern_history_of_Ukraine

Saying Russia can not recognise those two areas is quite weird tbh. But, the UK can apparently recognise Northern Ireland, something clearly annexed from Ireland.

I think it is in instances like this where Western politics do somewhat appear quite confusing to anyone who cares to look.

GLA

Stop biting to the junk. It's very obvious what they're doing, same script every single time. A new account appears and people spend all of their time arguing with it.

Filter and don't respond.

GLA

Stop all the fighting and simply focus on the reality of the commodity situation. China needs Eurasia's Nickel, they have no way out, they have to secure Nickel supplies due to their EV ambitions.

Citic Merchant is Chinese state owned, pockets which run right down to their toes and then some. Engagement letter is signed with Citic, nothing has changed in that situation!

GLA

"Nickel, It’s a metal for the world but for China it’s gold. China wants to dominate the global nickel supply chains as the communist nation yearns to dominate the global Electronic Vehicle supply chains. But for producing millions of electric vehicles, China needs abounding nickel ore reserves.

Much to China’s chagrin, the country houses only 3% of the global nickel reserves. China produced 120,000 tons of nickel at home in 2020, which is next to nothing considering China’s share in global EV production."

https://tfiglobalnews.com/2022/02/22/indonesia-hits-china-with-a-mineral-bat-and-china-backs-out-immediately/

Where will China get all of their needed Nickel from, hmmmmmm i wonder!

GLA

A lot of people had it heading to around that area at one stage. Rough seas aside, it should be higher than it has been tbh, but, deal details landing will sort everything out.

UBS DLA Piper etc have not wasted all of their time here, they're top tier professionals and things will be getting done, it's all just a matter of time imho

GLA

If ever there was a day, today is the duck lined up day to release deal details!

Never to happen again, don't miss the chance BOD lol

GLA

Share_Talk ™
@Share_Talk
·
47s
#Nickel jumps to a 10-year high, rose as high as $25,000 per tonne for the first time since 2011 before easing back slightly. Russia is a key producer of the alloy, used in stainless steel & rechargeable batteries. It's been on the rise amid surging demand from the EVs industry

https://twitter.com/Share_Talk/status/1496155151698210818?s=20&t=x984oYVNgMAFpm8tcUUJPg

GLA