Member Info for mac4671

The DFS makes everything as legally binding as they possibly can, because, well, at that stage the BOD have done absolutely everything in their power to assure what they are selling is there and has been proven to the relevant mining sector standards.

If things were not done the way that they are being done then anyone could sell a grass field proclaiming that vast resources of Gold lay but a few metres beneath the surface. The buyer is looking to part with billions of dollars, they have to know what they're buying is actually there. Also the reason why Wardell Armstrong arrived, a renowned third party company to do the JORC, CPR etc.

GLA

The clue was in the interim, a statement to the buyers -

"We expect potential buyers to remain anonymous until the Company is in a position to execute a legally binding agreement and further updates regarding the sale process will be made as appropriate."

If you hear nothing, but buyers are constantly mentioned, advisors all still here etc, then it's a huge positive where NDA's and multiple professionals are involved!

GLA

And still, after countless green box posts, BRICS continues to move forward.

Couple of interesting retweets from the captain of the M&A ship today -

https://twitter.com/FT/status/1593389030145523712?s=20&t=D6AQrlFb2jjQi2_m7YLxxA

https://twitter.com/financialjuice/status/1593566130416893952?s=20&t=D6AQrlFb2jjQi2_m7YLxxA

The second matches what China has just released in regards to securing supply lines etc. I wonder where they will look for Nickel, PGM's etc now that Canada has turned unfriendly towards their investing. Luckily there are only 3 large cluster deposit areas globally, if Canada is out of the equation it only leaves the two other areas which are both within BRICS.

GLA

5 green box responses, it's too easy lol

GLA

We play at this level, we don't play at the green box bean tin scraping level -

"Staying Committed to and Jointly Promoting Development to Bring Asia-Pacific Cooperation to New Heights"

"Fifth, we should build stable and unimpeded industrial and supply chains. We need to follow the laws governing economic activities and market principles, facilitate the free flow of production factors, protect the production and supply systems of goods and services, and build convenient, efficient and secure industrial and supply chains in the Asia-Pacific. Unilateralism and protectionism should be rejected by all; any attempt to politicize and weaponize economic and trade relations should also be rejected by all."

https://www.fmprc.gov.cn/eng/zxxx_662805/202211/t20221117_10977258.html

"The Company confirms that it has entered into a success fee based engagement letter with CITIC Merchant to, amongst other things, explore possible strategic options for the Company's mining assets."

"CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping.[2] Its headquarters are in Chaoyang District, Beijing.[3] As of 2019, it is China's biggest state-run conglomerate[4] with one of the largest pools of foreign assets in the world.[5]"

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

GLA

That's my green box total.

Busy and large group of nonsense spouters they are. At least there's now a plasterer in there to skim the walls and tart the place up for them.

GLA

China has big plans and secure supply lines is a must -

"CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping.[2] Its headquarters are in Chaoyang District, Beijing.[3] As of 2019, it is China's biggest state-run conglomerate[4] with one of the largest pools of foreign assets in the world.[5]"

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

GLA

Citic Merchant also Chinese -

"The Company confirms that it has entered into a success fee based engagement letter with CITIC Merchant to, amongst other things, explore possible strategic options for the Company's mining assets."

GLA

"Staying Committed to and Jointly Promoting Development to Bring Asia-Pacific Cooperation to New Heights"

"Fifth, we should build stable and unimpeded industrial and supply chains. We need to follow the laws governing economic activities and market principles, facilitate the free flow of production factors, protect the production and supply systems of goods and services, and build convenient, efficient and secure industrial and supply chains in the Asia-Pacific. Unilateralism and protectionism should be rejected by all; any attempt to politicize and weaponize economic and trade relations should also be rejected by all."

https://www.fmprc.gov.cn/eng/zxxx_662805/202211/t20221117_10977258.html

Nosey bugger award goes to me lol

GLA

Look at all those green box posts, i bet not one of them has any substance lol

Someone get the spray out and wipe that green smudge away please.

GLA

Science, it's fun where demand characteristics are involved -

"Furthermore, the authors indicated that for Pt, Pd and Rh doped carbons, H2 storage capacity increases with metal loading."

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6163314/

So, not only in fuel cells but also in Hydrogen storage due to the metals ability to absorb Hydrogen.

GLA

There is no point asking any green box a question, they never have an answer, only ever a negative spin no matter what is posted.

None of them have the ability to value Eurasia's assets, nor the ability of understanding wider global demand characteristics.

Remember, even if Eurasia don't supply green energy the relevant fuel cell metal demand still exists for Palladium and Platinum. There is no negative, only in the those with a small boxed in mind!

GLA

They have the Russian first mover position available for green hydrogen and BRICS is their border, think about it. It will start small and end up colossal, a bit like when Shell first started back in the day.

All advisors for asset sales are still here, engagement letter signed with Citic Merchant etc.

This post simply shows you the pivot point that green hydrogen is approaching, the demand scenario forming for EUA V.2.0 wares.

GLA

You guys should hit your boss up for a pay increase, the minimum wage has been put up. Perhaps you could go for 3p a post instead of the old 2p you usually get.

GLA

Don't forget about their other plans, timed quite nicely tbh -

"A Breakneck Growth Pivot Nears for Green Hydrogen"

https://hydrogen-central.com/a-breakneck-growth-pivot-nears-green-hydrogen/

GLA

The longer term holders will remember what we were all waiting for back in 2019, the first cash tranche from Sinosteel, it never arrived, what did arrive was banks seemingly interested in finding buyers for MT etc.

Sinosteel, extract from 2019 RNS -

"Sinosteel (http://en.sinosteel.com/index.html) is a diversified and integrated base and industrial metals enterprise and a major importer of iron ore to China. They have also built chrome and nickel operations in South Africa, China, Indonesia and Australia. The Sinosteel EPC financing covers 85% (or US$149.6M) of a total contract value of US$176M. A US$50M sub-contract is specified within the contract and is assigned to Eurasia's 80% subsidiary TGK, or a sub-contractor of its choosing, for engineering and pit development works in advance of mining.

Eurasia and its contractors are making progress on the production preparation activities stipulated by the EPC as TGK's (Eurasia's 80% subsidiary) responsibilities to initiate the payments from Sinosteel to TGK under the subcontracted works for the total amount of $50m, $26.5m of which will be paid by TGK to Sinosteel, representing TGK's equity contribution to the EPC (the remaining $149.5m is a 10 year loan facility at 6mLIBOR + 3.5%)"

Bank RNS extract -

"The Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019. The interest from the Banks is originating from the recent palladium acquisitions namely Stillwater for c. US$2bn by Sibanye in 2017 and NAP for approximately CAD$1bn by Impala Platinum earlier this month. The title of the slides for investors prepared by VTB Capital is as follows: "The Last Non Consolidated Palladium Play"."

DFS is where it all ends!

GLA

I just pot these days as a hobby tbh, all genuine shareholders already know most of what i post, i simply keep facts circulating to counter the green box nonsense.

How do they figure this part of a DFS out? Oh that's right, pit optimisation -

"Definitive Feasibility Study for its Nolans project in the Northern Territory forecast average annual production figures of 4,356 tonnes of Neodymium-Praseodymium oxide and and 135,808 tonnes of merchant grade phosphoric acid."

......

For a greenfield site, these questions may include:

What is the ultimate pit limit?
What capacity should the plant be?
Is it worth acquiring a neighboring lease?
What should internal phases look like?

Alternatively, for a brownfield operation, the questions may be:

Are the existing phases still valid?
Should one mining area develop before another?
Will capital expenditure to increase mining rates add value to the mine?
While these questions are not unsolvable, they are complex and involve many stages of problem definition and analysis.

The industry’s go-to method
The current approach to solving these problems involves a mixture of optimization techniques and heuristics. This approach consists of three primary steps:

Find the ultimate pit limit
Select internal phases
Determine mining and processing schedules - ****the processing schedules to feed the plant that Sinosteel (or someone else) will build

After selecting the ultimate pit limit, revenue factor shells from LG or Pseudoflow algorithms are generally used to determine candidate shapes for internal phases. Phase selection is a highly iterative process considering items like operational geometries, total volume, and ore delivery to processing.

https://www.deswik.com/news/a-new-approach-to-pit-optimization/

GLA

At the DFS complete stage it can only go two ways, the EPCF contract with Sinosteel officially begins (they draw down the first money tranche and begin work) and we take the area to production ourselves. Or, the buyer uses the DFS details to make their binding offer, buys the asset/s as a turnkey project and takes the area to production.

How the BOD have set the entire thing up leaves only a very minimal amount of risk tbh, all eventualities are currently covered!

GLA

Because they've mentioned it in RNS numerous times they'll have to tell us when it is submitted i believe pwlx. It's a very large milestone for asset development and they have to prove to shareholders that targets are being hit etc.

You never know, we could just get the binding offer details with a stipulation that the price agreed is dependent on the acceptance of the DFS. The buyer only requires the details in the below example to accurately value and therefore make a binding offer -

THE DEFINITIVE FEASIBILITY STUDY (DFS)
The question ‘To mine or not to mine?’ is resolved at this stage.

By now all processing parameters have been through detailed and accurate metallurgical test-work has occurred.

While inevitably some will be assumed, these are usually realistic because they are dependant on all mining, processing and other considerations taken at and before this point.

As an example, Arafura Resources’ (ASX: ARU) Definitive Feasibility Study for its Nolans project in the Northern Territory forecast average annual production figures of 4,356 tonnes of Neodymium-Praseodymium oxide and and 135,808 tonnes of merchant grade phosphoric acid.

The mine’s life will be 23 years and average annual pre-tax earnings at A$377 million EBITDA, although the project would require just over $1 billion in capital and up to 650 employees at the peak construction phase.

The company used the study’s release to proclaim to investors, “the Project is financially and technically robust to support a long life operation”.

https://stockhead.com.au/primers/your-guide-to-mining-feasibility-studies/

GLA

pwlx, we don't nees to know the details tbh, as long as the buyer/s does in order to come to their final valuation and binding offer. We're in a 'for sale' environment, MT is going under NDA's, has been since the fsp was started a long tome ago.

GLA