Member Info for mac4671

There is no delay, what they appear to be doing is getting the work done knowing that all assets are legally covered now by the ERDC agreement. It removes the need to move licenses over one at a time when work is complete.

All licenses could arrive tomorrow and the SP will barely budge, we're sitting at a fraction of the NKT underground NPV, so, releasing that info won't change much. It would not transpire into the correct valuation due to the conflict situation.

If all assets are for sale, now remember, siemens have just sold a gas turbine JV, so, even JV's can be sold if needed, then al licenses can simply be transferred across at the appropriate time to match the disposal of any assets. It is only at the asset disposal stage where things would transpire into the correct valuation for all shareholders.

It's the conflict situation that changed the news flow, nothing else. Things have simply been altered in order to gain maximum asset sale value and protect buyers and our own interests.

The buyers interests who were in the FSP have to be protected and are enshrined in NDA's for Monchetundra as a minimum, we know this from RNS. As per that, if it is a BRIC's consortium move then no details of assets for sale will arrive to the market in order to protect the buyers and our own interests.

If a 10p entity dropped assets which makes it worth a 100p entity in a for sale environment then the said company would become a potential hostile takeover target, that would be no good for the buyers or our interests.

GLA

Do see here Lovelyboy, the Arctic management company can issue the licenses for any of Eurasia's assets -

"· The right of registered Arctic residents to get land lease for their projects in an out-of-auction procedure, whereby it can be the Arctic management company that grants such lease right to land plots in state or municipal ownership"

It's not really a case of disengaging, it's more a case of you just don't accept what the BOD has released in RNS.

We've already had NKT underground NPV given, what has that done for our SP in the current conflict situation? Nothing. Releasing any further info on other assets, even NKT open pit, would do a similar nothing to the SP.

It's quite clear i feel, that the BOD have just continued to progress the mining plan as is stated at the time of the mining plan release. Choosing to focus entirely on their potential asset disposal scenario, which, all gain maximum value when the relevant work is done. DFS for MT for example, JORC for Rosgeo assets another.

They're not assessing one asset prior to March next year (5 months left), they're assessing all rosgeo JV assets as stated in appropriate RNS to make their decision on which to develop.

I wish you well too lovelyboy, but, there isn't anything to suggest that the BOD are simply working on one JV asset, they had done pit optimisation and block modelling work for 6 of them a very long tome ago, they will have simply worked from that stage ever since, moving to 9 done and the further relevant work.

GLA

All license procurement and legal cover is provided via the ERDC agreement -

"In the framework of this application, Eurasia has signed the ERDC Agreement providing that ERDC shall procure:

(i) land use rights for all Eurasia's projects in the Arctic (both Eurasia's own and all projects included in the binding agreement with Rosgeo), which will be an important contribution to an uninhibited development of the projects in the region. All the land plots of all Eurasia's projects on Kola and all projects included in the agreement with Rosgeo are included in the Appendix to the ERDC Agreement."

Being an Arctic resident has advantages, like licenses coming from the Arctic management company for example -

"· The right of registered Arctic residents to get land lease for their projects in an out-of-auction procedure, whereby it can be the Arctic management company that grants such lease right to land plots in state or municipal ownership"

5 year mining plan was previously released, the work they've been doing there since is to add flanks, rosgeo jv assets and a longer MT plan into the equation -

"pleased to announce that a detailed mining plan has been completed for the first 5 years of the life of mine of Loipishnune open pit and the West Nittis open pit, both of which form part of the Monchetundra project."

"This production volume does not include Monchetundra Flanks and Rosgeo JV projects which will be separately announced"

RNS, always a great read as it contains everything that applies to Eurasia!

GLA

With the mention of India recently, we could very well be looking at a BRIC's consortium move to buy all of the Monchegorsk assets and secure the relevant metals for the bloc.

It would be a sign of things to come if it comes to pass, the BRIC's block working more closely together to secure supply lines amongst themselves and growing their blocs economy etc.

Russia is fully open to business within the BRIC's bloc, all business there will ren smoothly for very obvious reasons.

GLA

Again, shown for about the 10,000th time at this point, here it is in black and white from RNS -

"Eurasia's own projects and all the projects included in the agreement between the Company and Rosgeo (collectively "Kola Projects")."

You do know what a JV is don't you Lovelyboy? The ERDC agreement also covers all assets in the JV, Eurasia are now an Arctic resident and get all of the benefits which come from the residency.

GLA

Lovelyboy, read the ERDC RNS, it clearly states that it covers Rosgeo assets lol

Erdc and Rosgeo are government bodies, it's simply just moving licenses between them for Eurasia, nothing at all difficult for them.

You're obsessed with something which is very straight forward due to the ERDC agreement, the same agreement which you appear to just ignore whenever you decide to continue to push your NYUD topic.

Nyud is a very simple brownfield relaunch, so is Poaz and so is Sopcha, they've all been previously operated. There is nothing remotely difficult about a lot of the Rosgeo JV assets due to the previously operated nature of them, they're simply being relaunched.

GLA

Back to ERDC lovelyboy, they procure the licenses for Eurasia now -

"Eurasia has signed the ERDC Agreement providing that ERDC shall procure:

(i) land use rights for all Eurasia's projects in the Arctic"

Different system to MT flanks.

GLA

Next they'll be trying to tell us all that the BOD have spent £1,209,419 on Monchetundra by now all for nothing.

I think they all need to leave the investing forum and get straight back to their Billy Smart's Circus tbh!

GLA

Hmmmm i wonder why they're trying so hard right now, let me see if there could be any reason......oh look -

"has budgeted a further £527,000 for statutory reporting on this asset to November 2022"

"The Group has spent £682,419 on a development programme for the Monchetundra asset during 2021 and has budgeted a further £527,000 for statutory reporting on this asset to November 2022, keeping the asset in good standing while strategic options for the project's development are considered."

"The Company continues to progress discussions with regard to the potential sale of its assets, appointing KPMG Russia as agent in May 2022, and has set aside sufficient funds to complete and submit a Definitive Feasibility Study for the Monchetundra project in November 2022."

GLA

Simply look at Dmitry's twitter feed of late. Ikea, KFC, all finding buyers. Siemens have sold their gas turbine JV. Deals are going on all of the time, Eurasia will be no different.

GLA

"As I said, expecting the news to land at anytime now, but it's unfair to tell people to "Just Relax"" - Some simply timed their entry wrong, got on board when the share got more attention on LSE perhaps due to large rises and making certain leader boards regularly. If people don't relax, exactly what good do you think stressing out will achieve? It won't achieve any. Either a deal will be reached or the Sinosteel contract activated, do try and relax as all bases are covered.

GLA

Exactly Outofreach, they're not buying the local Newsagents for a few thousand, the buyer of Monchetundra is looking at parting with billions of dollars, you need to know all of the details before you part with such a sum, DFS.

Time is ticking by nicely, green boxes have gone sour like old milk!

GLA

Agenda, one is not needed on here, a simple few carefully chosen words make the green boxes show their true colours each and every time. Then all genuine investors simply read their nonsense and see things for themselves.

It's too easy green boxes, far too easy! Lol

GLA

Becomes more regular on an approach to a highly likely news window isn't it.

Us LTH's are just sat with our feet up knowing that the bod will have things complete for submission like they've stated.

The weather forecast for Kytlym tells anyone what is happening at that asset tbh, no one needs to guess with a pricessing system which relies on running water.

Conflict or no conflict, X amount of metals is worth X amount. The industry and demand situation for such metals is only growing at the minute!

GLA

No point bickering, we'll see what happens with options shortly and also see if we get news of the DFS submission this coming month.

We've done the bulk of the waiting, been through many ups and downs, battled hundreds (well a few who have created hundreds) of green box monikers, spent most of this year in a news blackout zone, and, well, are still all here to reap the rewards of any potential asset sales. Tell tales will arrive shortly, pop the feet up and relax!

GLA

Wouldn't it be handy to have all DFS work done before now and ready for submission during the cold weather, you know, like November for example?

https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=67.91778478864947&lng=32.85942077636719&zoom=11&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=99.99666666666667&gain=1.0&gamma=1.0&time=2022-04-01%7C2022-10-22&atmFilter=&showDates=false

22nd on the calendar selection appears to show the frozen small water bodies and mountain tops covered in snow. Won't be much longer for WK to begin to show a similar situation imho

GLA

Cold weather there going forward brings the winter and the end to ore processing. Winter routine of ore stockpiling etc will start shortly no doubt -

https://www.meteoblue.com/en/weather/14-days/kytlym_russia_537392

GLA

To all genuine shareholders.

Bad afternoon to all green box nonsense spouting loons.

20th, time is passing by nicely at the moment!

I do wish all green boxes get caught out in a torrential downfall or something similar today, weather's right for it lol

GLA

Thanks for sharing the interview which gives a lot of forecast figures!

They do appear to be right on the cusp of a major turning point for the company, and the Tant and Lith figures are looking very good. HMS will clearly be a big earner in time also, as they put in the relevant processing equipment and hopefully expand to larger licenses etc.

Can't see any downside here and it's a very short countdown until that 10x Tant situation arrives and starts the ball rolling!

GLA

Certainly not long to wait until those milestones start being achieved. Quite a few things being hit by year end, that would make a good christmas no doubt -

"• Production capacity to increase 10x by the end of 2022"

"HEAVY MINERAL
SANDS S. AFRICA
CASHFLOW POSITIVE
BY END-2022"

It's good to see the information in one easy to digest presentation!

GLA