Member Info for mac4671

All in 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

MT + NKT appears to be the thing going, leaving Rosgeo JV assets for Kola battery metals and PGM's. NKT section will be replaced with the H4Energy Hydrogen JV section and Kola battery metals and PGM's will be updated to reflect MT no longer as a company asset.

That's how i think it will be done and how that website will change to suit the EUA V.2.0 scenario, but, like everything else to date, we'll just have to wait and see!

GLA

No full scale invasion has taken place yet. The Russian troops heading into the separatist regions will probably cause any fighting there to grind to a halt. I don't think anyone wants to be involved in a tank battle.

The UN security council is the next stage, it was perhaps Putin's intention the entire time, to get proceedings under something he actually recognises. Peace will arrive at some stage imho

GLA

It's very interesting that they have NKT separated from the Kola battery metals and PGM section.

It all looks very professional.

I presume the H4Energy stuff will go live after this initial asset disposal is taken care of and they roll into EUA V.2.0

GLA

Time is all that is required. Looking forward to seeing Nickel JORC figures!

Great spot!

GLA

You'll sharp realise just how much Nickel is needed in the World by watching Glencore stuff that comes out to highlight it all -

#Nickel is a metal vital for the forward-facing economy. As the #ElectricVehicle market grows, so is the demand for this highly versatile commodity.

Find out how we're well-placed to meet this demand globally.

https://twitter.com/Glencore/status/1496041602581766145?t=BCZX6vkubnB9USFb3ayEng&s=19

Looking forward to seeing NYUD JORC Nickel details, very handy having Nickel filled assets at Monchegorsk isn't it!

GLA

What can i say, it's been quite busy here for many reasons.

It's always amazing how many new people arrive and how many new accounts are created. You always notice the main accounts disappear in these times, you know, the ones who usually post very regularly like it's all they have to do, then bang they're gone and new accounts magically appear.

GLA

There's literally people running around with SWAG bags lol

GLA

It's not just PD, and mathematically there is no work around to the World needing Russian metals. Geological deposits recognise no man made borders, they have simply formed where they have formed.

I honestly think a lot of this is to strengthen the Russia and Chinese side, i think they've had enough of being told what to do etc.

Market will do what the market does, but, you'll never stop the metal demand scenario at this stage of things!

GLA

I agree dealer, whatever is coming is coming very soon. They would have released something first thing to settle investors nerves if it was not the case.

GLA

Indeed, Russian and Chinese ties only grow stronger through all of this. Their business side will grow to crazy levels, one has vast resources and the other has vast investing and manufacturing capabilities.

You're looking at their rise, there isn't really anything that can stop them unless they start a colossal war. A lot of the World relies on both countries now for various things and they know it.

Head of EU is singing Hydrogen for energy freedom, but, where do all the metal resources come from to support that industry? The truth is, mathematically, Russia's green metals are needed everywhere for this industrial revolution, it can't take place without them. Nickel is used in the entire green energy industry for example.

GLA

The Russian gov gets far less from an operation like Eurasia these days -

"(ii) investment and business support for Eurasia and incentives (such as tax benefits including, but not limited to a 50% reduction of mineral resources mining tax (NDPI), partial repayment from the budget of social security contributions, so that the effective current rate of social security contributions would be 7.6%; non-tax benefits (subsidised interest rates on bank loans, reduced tariffs for utilities including gas, electricity and water);'

In fact, the way they changed things, the company gets all the support, 50% tax reduction makes it minimalistic in any contribution to the gov scenario.

GLA

And WK is in production.

I would expect an RNS very soon, they will have to release something given the new stance with Ukraine. Their email inbox must be getting a good hammer right now i bet!

It doesn't change anything to a Russian or Chinese buyer, they will continue as usual due to the assets being nowhere near any conflict zone.

GLA

Macron was the only one interested in Russian security concerns.

The forced move to the UN arena ensures that all sides security concerns are taken into consideration and something legal is effectively drawn up that will ensure peace and security for all.

I'll admit, it's certainly not the way i saw things going, and , well, it is indeed quite the rough route to take. But, if it forces them all into one discussing arena to create the solution for all involved in that area, then it should hopefully come to the best solution.

GLA

Sanctions against the two ukraine areas, that is all so far.

Looks like Putin has got them all into the arena he wants -

"The US, UK and France called for an emergency meeting of the United Nations Security Council on Monday evening"

GLA

I think what Putin may be doing is forcing the peace negotiations to happen under the UN, it would be a UN move at this stage you see to now settle things and get peace in place.

Could be that he trusts the UN over anything else, who knows!

GLA

Russia and China have been strengthening their ties for years now. West started turning down Chinese investmemt recently, where will it go, it will go into Russia and other areas of the World, China won't stop investing just because some West countries don't want them there, there's an entire Globe to look at!

GLA

NN or China wil buy regardless. They resources are needed, there is nothing to stop the sale to parties like that.

It could actually block any West entity trying to grab anything, would all work in Russia and China's favour tbh.

No assets are anywhere near the conflict, so, work will continue at the assets as per normal.

GLA

BOD and advisers will have everything under control.

No invasion has happened and war seems a long way off. A move to focus heads at peace negotiations imho

We'll see, deal details could land first thing with a bit of luck!

GLA

I think we're all about to find out exactly what will happen with things on the Ukraine front.

GLA