Member Info for mac4671

Plenty of options for near term news to drop at any stage -

* Asset sale details

* More Rosgeo JV asset additions

* West Kytlym 3rd wash plant arriving

* NYUD JORC and shift to 100% ownership

* "in April 2021 we submitted a detailed exploration project for the flanks area to develop these prospects and bring further resources into the scope of the mine."

Feet up and very relaxed aaaaaarrrrrrggggggghhhhhhhh

Just a nice and easy waiting game for any true shareholder!

GLA

Indeed mjd, i had a look at who he followed before sharing it. Seems to just tweet similar to Dmitry, metal prices, well, apart from the one to bitkogan people spotted. Time will tell, i think it's a bit premature to be throwing out any conclusion at this stage, it could appear that konstantin also follows a rosgeo employee 'kope @rosgeo1'.

We'll see who follows him back over the next few days, that may give a better indication. They definitely appear to be Russian either way.

GLA

I watch it all the time but mainly just wait for r1ex to update with his little comparison clips to be honest. Their pace there won't slow down, they want 3 plants going so the pace will be pretty fast to ramp up to the wanted levels.

We're blessed with technology, can look at anything with a few strikes of some keys.

GLA

Green industrial revolution planning -

UK:

"Government publishes world’s first ‘greenprint’ to decarbonise all modes of domestic transport by 2050"

https://www.gov.uk/government/news/government-publishes-worlds-first-greenprint-to-decarbonise-all-modes-of-domestic-transport-by-2050?fbclid=IwAR2dJeY3pWgDjh8GkTolN0qmuEGnwHg_cfb7Nqp6D3BcA3w5EsOhLwzrqVc

EU:

Making Europe the first climate neutral continent in the world is our goal.

"These proposals aim to make all sectors of the EU’s economy fit to meet this challenge. They set the EU on a path to reach its climate targets by 2030 in a fair, cost effective and competitive way."

https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/delivering-european-green-deal_en?fbclid=IwAR0GQqwEwjipSGAxD4CO__PWyrP37eaK8iNF9XMfDRUWWwKvjVsiVjceY1Y

They're going to need an awful amount of green metals to get the plan done. Quite handy that Eurasia have that Monchegorsk district sewn up isn't it!

GLA

Vuruchuaivench reserves become more interesting now that we have an idea of where they actually lay at Monchegorsk -

Reserves, Vuruchuaivench deposit,
Category C1+C2
Ore (Mt) 83.6
Nickel (kt) 248.2
Copper (kt) 164.9
Cobalt (kt) 10.9
Platinum (kOz) 569.0
Palladium (kOz) 2781.0
Gold (kOz) 144.0

*Plat, Plad, & gold adjusted to correct kOz as per original Norilsk source.

https://www.ngu.no/upload/Aktuelt/CircumArtic/9_Russia_.pdf

I'll take the Vuruchuayvench, Vuruchuayvench plot as where those resource figures lay, not bad for one small area is it -

https://efgi.ru/object/3117079

What a beautiful green metals district we have first mover advantage over!

GLA

I've just laughed pretty hard at AgentB's post haha

GLA

It was the best day on here for a very long time Lenoman tbh. Some suggestions were made by various posters and we all just stuck to it all day, made a far better atmosphere on here for all genuine posting shareholders imho. Hopefully we can get back to something like that this week.

It's pretty easy to just ignore the ones who are here to clearly disrupt, well i report and filter them, but, i do get that others just ignore them completely.

GLA

GLA

To realise what's going on, there are no coincidences in this world. You only need a week long memory to remember where the noise ended and where the noise has begun again.

The was a day where people simply ignored the lame one or two that were floating around, that day was only last week and the board was a normal place, conversation flowed all day undisturbed!

GLA

Work from the Anglo JV days, possibly getting the area back at some stage. Mentioned they were looking at doing so in RNS at the back end of 2019.

Old Volchetundra work -

"ESSAY. Purpose of the work: studying the features of the geological structure of the Volchietundrovsky massif, localizing areas promising for platinum-metal mineralization, assessing the predicted resources of platinoids of categories P1 + P2 in an amount of at least 200 tons. Methods: magnetic prospecting along a network of 200x10 m - 50.5 sq. km, deep geochemical searches for secondary dispersion halos - 2872 samples (6709.1 l. m), prospecting routes - 289.9 l. km, mining - 102 ditches with a volume of 1875.6 cubic meters. m, drilling 73 prospecting and mapping and prospecting wells with a volume of 12129.1 linear meters, furrow (946 samples / 1038.6 linear meters), core (10232 samples), spot (91 samples) and lithogeochemical (849 samples) sampling, laboratory-analytical and office work. As a result of the work, the internal structure of the Volchietundra massif was clarified, in which the Regional and Main zones are distinguished. The marginal zone with a thickness of 20 to 300 m extends almost along the entire eastern endocontact of the massif and is represented by fine-medium-grained leucocratic norites and gabbronorites, less often plagioclasites and orthopyroxenites. The rocks of the Kraevaya zone are associated with disseminated and nested sulfide mineralization, and the zone itself is considered as ore-promising for platinum-metal mineralization. As a result of prospecting work within three areas (Lake Olche, Yukspor and Kuts-Kol), predicted resources of the P1 category were localized in the amount of 66.19 t Pdsl. (board 1 ppm), with average Pt and Pd contents of 0.31 and 0.67 ppm, respectively, and Pd / Pt ratio = 2.20. The resources of category P2 of the marginal zone of the Volchietundra massif were estimated, which amounted to 57.5 tons of Pt + Pd. For the Marginal zone of the Losev and Medvezhye tundra massifs, resources of the P2 category are determined at 35.6 tons. Within the Main zone of the Volchietundra massif, it is assumed that it is possible to find rich platinum-metal mineralization, the resources of the P2 category of which are estimated at 114.0 tons of Pt + Pd. The total forecast resources of the P2 category are estimated at 207.1 t Pt + Pd, and the total resources of the P1 + P2 categories are estimated at 232.35 t Pt + Pd. Recommendations for further work are given."

https://rfgf.ru/catalog/docview.php?did=35519748978787b0e35fe05b852a4b1b

GLA

Old Monchetundra work -

"ESSAY. Purpose of the work: study of the features of the geological structure of the Monche-Tundra massif, localization of areas promising for platinum-metal mineralization, assessment of the predicted resources of platinoids of categories P1 + P2. Methods: electrical prospecting over a network of 50 × 10 m - 3.2 sq. km, prospecting routes - 34.63 l. km, mining operations - 1 ditch with a volume of 543 cubic meters. m, drilling of 52 prospecting wells with a volume of 10414.6 linear meters, sampling: furrow (38 samples / 34.5 linear meters), core (6143 samples), spot (12 samples) and lithogeochemical (1598 samples), mineralogical -technological research (6 samples), laboratory-analytical and office work. As a result of the work, the internal structure of the Monchetundra massif was clarified, in which four zones (from bottom to top) are distinguished: pyroxenite, norite, gabbronorite, and gabbro. In the central part of the pyroxenite zone, there is a harzburghite horizon with uneven chromite and platinum-metal mineralization. Of greatest interest is the upper thinly layered part of the norite zone with a thickness of 130 m in the central part to 15 m in the northern part of the area, represented by alternating medium-grained orthopyroxenites, medium-grained norites, and coarse-grained plagioclase orthopyroxenites with disseminated sulfide and platinum-metal mineralization. The transition to the overlying gabbro, which composes the central part of the Monchetundra massif, occurs through the zone of alternation of medium-grained gabbronorites and coarse-grained gabbros. Within the Monchetundra massif, 3 blocks with platinum-metal mineralization have been identified, the predicted Pt + Pd resources of the P1 + P2 categories are estimated at 31.8 tons, including the P1 category - 20.8 tons, P2 - 11.0 tons."

https://rfgf.ru/catalog/docview.php?did=ccb0e6c6c4e37fcac74dba5ff99763b5

GLA

Where the 40Moz and other higher figures come from, the addition of FUTURE potential Rosgeo JV assets.

All officially registered with the Russian Government.

For current potential Rosgeo JV marked areas, we currently have -

1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232
6: NKT (Nittis-Kumuzhia-Herbal) - The rest of it that we didn't get in the flanks app - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz: Richard managed to find that, i've not come across it myself digging around on there - https://twitter.com/RichardDugdale3/status/1410555717984137223?s=20

It takes quite a bit of digging through their systems to find the relevant parts tbh. The other 2 could possibly be Pentlandite creek and possibly something to account for the green area south of Poaz on Richards provided overlay map.

Original open pit MT map marks -

Loipishnun -

https://rfgf.ru/gkm/itemview.php?id=44819

West Nittis marked -

https://rfgf.ru/gkm/itemview.php?id=44814

GLA

The key part is this -

"the next step forward is executing a final contract for sale; the parties make a final decision on the type of purchase agreement, whether it is to be an asset purchase or share purchase"

They chose the asset purchase route, so, the final decision was made. All that can happen after that point is 'executing a final contract for sale', that's the part that the law firms will be doing the paperwork for. How long will that take?, your guess is as good as mine. If we don't hear this week i'm personally looking at a 12 week period period from May 12th RNS, if news lands this week then it has followed a 8 week window. If it's complex, which it looks to be, the RNS will have to be word perfect and accepted by both legal sides prior to release. That's how i see it landing in a small timeframe past the window.
Binding offer RNS, May 12th, came that way after a 16 week period. The period passed and then the RNS landed a short time later, perhaps for similar legal reasons.

GLA

It's the binding proposal they're working on Roger, due diligence was done as per the released RNS at the time. Step 8 here -

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Because they have chosen the deal they wanted to move forward with, it is the second half of stage 8 we're in.

GLA

Just under 1Moz Platinum eqv i believe Aresenalles. Once that other flank app lands it should take it past 1Moz. It's a tiddler in comparison to MT, but, still a decent small operation. Well i say small, but, it's the worlds largest alluvial operation, so, it is actually big in the field that it specialises.

I hope that isn't confusing lol

GLA

News would certainly be good this week dealer55. It's mining though, what i've learnt with mining is that things always get done, they just take longer than you expect to get done.

They have 3 law firms here now according to the annual report, that means that things are very much happening, you wouldn't take on all of that legal fire power if things had not went very well in the FSP.
From those law firms, it does look like a disposal of both MT and WK, and then a move straight into the Rosgeo JV. Rosgeo JV will be Eurasia 2.0 imho

GLA

Plenty of options for near term news to drop at any stage -

* Asset sale details

* More Rosgeo JV asset additions

* West Kytlym 3rd wash plant arriving

* NYUD JORC and shift to 100% ownership

* "in April 2021 we submitted a detailed exploration project for the flanks area to develop these prospects and bring further resources into the scope of the mine."

Feet up and very relaxed aaaaaarrrrrrggggggghhhhhhhh

Just a nice and easy waiting game for any true shareholder!

GLA

There is never any board control by posters, that part's being paranoid. Even if people were reported the admin would have to check what is posted before removing it, i had a post removed myself just the other day.

L2 only came into conversation because EE had mentioned that they had received a warning and said they posted warning you about it JT. We took the assumption that you had received the same warning and just ignored it. Not sure what tilly is being picked up on, i tried to highlight a line the other day to try and advise, that is all advise, there is no control. If people keep getting the same thing happening then it's perhaps time to think more about what you're posting. I did myself when my post was removed, subsequently i've not included treasure in any of my posts since, i just took it on the chin, adjusted, and carried on.

The back end of last week was very quiet, barely a green box to be seen, so, i assume they temp banned quite a lot of them also at the time?

GLA

Easily applied with Eurasia to Monchegorsk to trace all mined metals back to origin. All part of ESG.

GLA

Here's another blockchain example in mining -

"Blockchain technology offers us an unprecedented ability for traceability in the supply chain. Through this pilot, we are supporting the development of this tool for our customers who seek to understand and demonstrate the origin of the cobalt units in their products"

https://www.glencore.com/media-and-insights/news/ev-supply-chain-majors-pilot-relsource-a-blockchain-solution-for-end-to-end-cobalt-traceability

GLA

Gfd, to put the blockchain system in place it has to be funded, it isn't a far cry. They have plenty of history in looking to do so, all there in RNS. The cost of doing so is the main obstacle for an initially small company like Eurasia, remember, they're not quite at the 'money to burn' levels of the likes of Norilsk. So, in order to get what they want in place they have to follow a logical sequence of events to arrive there.

We'll see if that is the plan when things get released in due course.

GLA