Member Info for mac4671

It was just tickle speed, almost made it back into the old trading range. Some rum drinkers just got overly excited as haven't seen any blue for a long time lol

GLA

Back to the old range.

Feet up, relaxed, sipping on nice chilled koka kola in todays glorious sunshine.

GLA

Ahem, $2,916 -

https://www.apmex.com/palladium-price

All time high getting blown away!!

Good initial spot by the way!

GLA

Totally agree GFD, the whole special resolutions thing has been a fairly odd affair and it points to something else. We're not far away from finding out what we've all patiently sat waiting to arrive imho. Christian no longer named the MD on the web site, it being placed as a title for James now in RNS, also points to something being about to go down.

The Eurasia ship is approaching home port.

GLA

When they sail they all sail together -

"Last October, the Japan Hydrogen Association was established by Mitsui & Co, Iwatani, Kawasaki Heavy Industries, Japanese oil and energy company ENEOS, Kobe Steel, Sumitomo Mitsui Financial Group, Kansai Electric Power and Toshiba.

It aims to form international alliances and develop global hydrogen supply chains. In December, those companies were joined by Toyota and shipping company K Line.

In addition, K Line, Iwatani, Kansai Electric Power, Namura Shipbuilding, the Development Bank of Japan and the Tokyo University of Marine Science and Technology have formed a group to promote hydrogen fuel cell-powered ships."

https://asiatimes.com/2021/03/japan-inc-driving-towards-a-hydrogen-energy-future/

It's very interesting to see so many different companies join forces to achieve the same goal, what a green energy revolution looks like in Japan!

GLA

Another company in that original 11 consortium with links to the wider Japanese industry. They're also known to have made previous full acquisitions for growth -

"JX Nippon Mining & Metals is a company in the field of nonferrous metals and a core member of the JXTG Group, which aims to become one of Asia’s leading energy, resources, and materials business groups."

"Our mission is to provide to society stable supplies of materials, including copper, rare metals,
precious metals,"

"To open up one more growth strategy option, in July 2018 we acquired all shares in the German company H.C. Starck Tantalum and Niobium GmbH, jointly with the Japan Bank for International Cooperation."

https://www.nmm.jx-group.co.jp/english/sustainabilityreport/pdf/report2018_e_full.pdf

That company in particular is also known to work with Toshiba -

"Kawasaki, Japan — Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) and Toshiba Plant Systems & Services Corporation (hereinafter “TPSC”) today announced that a consortium of the companies has won an EPC*1 contract that includes civil engineering for replacement work for the Goi Thermal Power Station from Goi United Generation LLC. (hereinafter “GIUG”), which is jointly funded by JERA Co., Inc. and JXTG Nippon Oil & Energy Corporation"

https://www.toshiba-energy.com/en/info/info2019_070

GLA

No problem Mjd, it's quite the rabbit warren tbh, i dug around all weekend after the RNS at the time and posted quite a lot of stuff about it. Everything linked back to companies in that original 11 part consortium. Japan as a whole is moving in a very organised and strategic manner with it all, the more you dig around the more evident it all becomes.

I believe that if they have indeed moved to secure Eurasia's PGM deposits, money will be no object to them.

GLA

You'll remember Air Liquide from my original consortium posts -

"The 11 partners in the venture are Air Liquide Japan, Toyota Motor Corporation, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas, Toyota Tsusho Corporation and Development Bank of Japan."

https://www.h2-view.com/story/who-is-japan-h2-mobility/#:~:text=Japan%20H2%20Mobility%20(JHyM)%20created,and%20continued%20sustainable%20societal%20development.

GLA

"Itochu plans to build one of the world’s largest liquid hydrogen plants in Japan with Air Liquide to supply fuel cell vehicles. Air Liquide already operates hydrogen fueling stations in Japan."

https://asiatimes.com/2021/03/japan-inc-driving-towards-a-hydrogen-energy-future/

That original 11 part Japanese consortium also left the door open for any other companies to join it. There's a very strong chance that they're all working together by now in some capacity or another.

GLA

They're all heading to clean energy -

"February 15, 2019 (IEEFA Japan) – ITOCHU of Japan has announced it is exiting from developing new coal-fired power plants as well as thermal coal mines to address the impact of climate change,"

https://ieefa.org/japans-itochu-corp-announces-coal-exit/

"In 2015, CITIC Group sold 10% stake of CITIC Limited to a joint-venture of Itochu and Charoen Pokphand for HK$34.4 billion (US$4.54 billion); the joint venture also subscribed new convertible preferred shares for HK$45.9 billion (or US$5.9 billion).[15] It was reported it was the largest investment ever made by a Japanese general trading company.[16] The transaction is also the largest acquisition in China by a Japanese company, and the largest investment by foreigners in a Chinese state-owned enterprise."

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

GLA

Itochu own 10% of Citic, i'll dig out my previous post about it Mjd.

GLA

You'll also see NYUD on that map, the area that has had a PFS done on it back in 2015-2017:

"Since the final approval of the Flanks licence (see RNS of 25 August 2020) the Company has been putting together the database of information from previous drilling campaigns in the Flanks area, that is considerable. 48,405m drilling (announced via RNS of 18 August 2020) is related only to one part of the Flanks License (NKT) and comes on the top of 33,100m drilled by Eurasia's Joint Venture with Anglo American Platinum. The Russian feasibility study on the NKT palladium dominant mine (within the boundaries of the Flanks License) gives 15% IRR at the palladium price of $659 per 1 oz, while the current palladium price stays above $2,000 per 1 oz due to long term structural deficit in the palladium market."

https://www.lse.co.uk/rns/EUA/interim-report-z4vq8goh3rc2usr.html

"Our predecessors also developed targets in the NKT area, and areas to the east of the Loipishnune deposit, and these work programmes in 2015-2017 resulted in pre-feasibility studies lodged with the State Cadastre of Mines in Russia."

https://www.lse.co.uk/rns/EUA/general-update-and-institutional-placing-at-225p-yh2uz9tcbjepr54.html

"Feasibility studies and scoping prefeasibility studies were completed for development, geological study and mining operations at the following deposits:" -

"NKT and NYUD PGM occurrences, Monchegorsk ore district, Murmansk region, JSC Severo-Zapadnoye PGA."

http://www.tsnigri.ru/en/otdel-geologo-ekonomicheskoj-otsenki-mestorozhdenij.html

It's another area known to have the positive Rhodium anomalies -

"Kumuzhya, Nittis and Nyud lithologies also show positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20 (Fig. 14 C, D, E). "

https://orca.cf.ac.uk/112128/1/Critical%20Controls%20on%20the%20Formation%20of%20Contact-Style%20PGE-.pdf

GLA

See here for a map of the areas. This one's all to do with Monchtundra's own mineral Monchetundraite -

https://www.researchgate.net/figure/Simplified-geological-map-a-and-location-b-of-the-Monchegorsk-Igneous-Complex_fig1_339079075

GLA

That's just Poaz Jono, one part of the wider Monchegorsk area over there. Copper, Cobalt, Nickel and REE's fall into what's under Eurasia's area that it has first mover advantage over.

GLA

Comprehensive analysis to bolt on to all of the Rosgeo work was done by Eurasia themselves back in Anglo JV days. What Rosgeo (our JV partner) have done is all exploration and data on top of that -

"Eurasia is pleased to announce the results of its 2009 drilling and exploration programme, comprising a comprehensive analysis and interpretation of its Monchetundra (36.2km2)"

"Monchetundra

To date, 16,121m of drilling have been completed on the licence, with most of the intersections from the last phases of drilling having been previously announced in early 2009 as a table of results, without accompanying geological comment. Subsequent work during 2009 focused on an interpreted ore structure in the Loipishnyun sub-area, stemming from recent drilling, but also included several previously unreported intersections."

https://www.lse.co.uk/rns/EUA/exploration-update-kola-lm3av5onl7erthw.html

The explored PGM district, nothing better to have first mover advantage over, nothing better at all!

GLA

"The Additional Assets have a total of 104.6 Moz Platinum equivalent resources as at 31.12.2020 (source: Russian Feasibility Study ("FS"), TsNIGRI, Russian State Cadastre of Mines) according to the Russian standards and are comprised of:"

https://www.lse.co.uk/rns/EUA/binding-agreement-signed-with-rosgeo-664vj174ti35e5h.html

The third party link that relates to that new FS which increased Resource figures -

"After the completion of all work, both the main resources - platinum group metals and associated components - nickel, copper and gold will be accurately calculated. The end of the research is scheduled for December this year."

"K. Firstov, head of North-West PGO, explained that as a result of research work at Poaz, the uniqueness of the deposit was confirmed, according to preliminary calculations, the deposits of platinum and palladium are about 336 tons (category P2), which is much higher than the initial forecasts."

https://www.vnedra.ru/novosti/rosgeologiej-okoncheny-burovye-raboty-po-obnaruzheniyu-metallov-platinovoj-gruppy-na-territorii-murmanskoj-oblasti-10745/

The area is thoroughly explored, Rosgeo have been going hammer and tong on it for years now.

GLA

https://youtu.be/JeHvTz0DTrE

GLA

It's a shame that there isn't a live feed cam looking through Eurasia's office window there. A nice glimpse of say a white board with a figure in the billions written on it would be a nice view lol

GLA

Got a feed from cathedral square seadog, the just pull out in front of each other at the crazy looking junction there, seems a bit of a free for all lol

It won't be long now imho

GLA

Crunch time at Monchegorsk is fast approaching, the area needs to begin heading to production this season, someone will have to begin the open pits and get cracking on. The green industrial revolution isn't slowing down for anyone and lots of PGM's and battery metals are required.

Feet up, relaxed and having a sip on some nice chilled cherry kola!

GLA