Member Info for mac4671

Yeah baby -

https://acfequityresearch.com/the-start-of-a-new-commodity-supercycle/

GLA

Well spotted, it's all very interesting. They're certainly busy over there that's for sure.

GLA

Anyone interested in this? -

https://rhomotion.com/ev-seminar-series

Rho motion, i love the sound of that lol

GLA

It would be welcome news to their shareholders CAW, no doubt about that. If it is the case, then a binding offer RNS could be imminent.

James even dropped the flooding issue in RNS -

"we have first mover advantage in these times, when the traditional PGM districts are starting to struggle with various challenges posed by the underground mines like energy issues, environmental issues and floods to name a few".

It all goes together very well tbh doesn't it, but, like everything to date we'll just have to wait and see.

GLA

Well it's this bit in their RNS in particular CAW tbh -

"construction of new mining as well as concentrating and metallurgical facilities"

We know where the new metallurgical facility will be at Monchegorsk (one of them) and we know it's for double capacity of the old one. Now, wouldn't it also be handy to have "construction of new mining" next door to the new facility, or is that too easy?

GLA

It's hard to tell exactly how this will all go CAW, i would say NN are definitely involved somewhere along the lines, doubling their facility capacity at Monchegorsk points to them getting ready for a lot more incoming ore in that area. The only fast to production assets there are controlled by eurasia. Now anyone for a nice chilled can of koka kola? lol

GLA

Let's look at what it actually says shall we, it states that it includes what you have stated, see -

"The management has presented to the Board of Directors an investment programme to 2030 with a total capital expenditure budget of approximately RUB 2 tn (approximately USD 27 bn at current exchange rate). The investment programme includes the following major complex projects: a comprehensive environmental programme, construction of new mining as well as concentrating and metallurgical facilities, modernisation of the energy infrastructure, and a complex upgrade of existing production assets. The long-term programme is split into two phases: the first phase capex of approximately RUB 1.3 tn (approximately USD 17 bn) over 2021-2025, and the second phase capex of approximately RUB 0.7 tn (about USD 17 bn) over 2026-2030. The main specific projects of this programme were presented at the Company's Capital Markets Day in December 2020, and include the following key targets for 2030:"

It also quite clearly states this -

"construction of new mining as well as concentrating and metallurgical facilities"

New facility as in the double capacity one at Monchegorsk. Now please stop talking rubbish, cheers!

What you speak of is just one of the targets . . . it even quite clearly states this -

"A 7-fold reduction of sulphur dioxide emissions at Kola MMC already in 2021." - again it's the Monchegorsk facility.

From our RNS -

"James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We are excited to significantly expand our portfolio by adding open pit deposits adjacent to our Monchetundra and creating a unique open pit mining PGM and battery metals district on the Kola Peninsula"

GLA

"I’ve stated my opinions on EUA, they’re positive, and people have regurgitated my theories (you included Mac)." - absolute bull new guy. Never regurgitated anything you've ever said. All theories were in place a long time before you ever arrived, sorry to break that to you!

"Rorydinho

Posted in: EUA

Posts: 100

Price: 29.50

No Opinion

RE: Probably the 27 million27 Jan 2021 20:13
First post here so hi all...

But... isn’t it a coincidence only 27m of his stock have been sold today, and 27m of his stock are in his company (VGH)?

Maybe lends some credence to the theory that this VGH has had to relinquish any holdings in EUA to facilitate a simpler sale?"

GLA

On every previous rise it has risen for days before finding it's new trading level. Goes up then some peanut collecting traders bail and it consolidates a little, next day the same etc until the new range is reached. It's Monday, it's still very much early days after that news release in all honesty. Most have no patience and expect 100% instant or they stomp their little feet.

That's it, the FSP binding news can land at any stage now, and with a huge Rosgeo JV now potentially in the works would you really want to miss out when that news drops?

GLA

"Rory is correct though on the particular point. Why jump on him." - Because he's deliberately choosing to ignore the rest of its content, all to suit his original lame statement that Norilsk wasn't anywhere near any of Eurasia's assets.

The $27bn is for a decade long expansion, Monchegorsk facility doubling it's capacity is all part of that. You can't just be selective to one bit of the expansion plan without talking all of the rest into consideration.

GLA

They've already stated that they're building a double capacity plant at Monchegorsk -

"Nornickel plans to construct a new copper refining facility in Monchegorsk. The new facility will be able to produce up to 150 ktpa of copper, which is double the capacity of the closed shop. "

https://www.nornickel.com/news-and-media/press-releases-and-news/nornickel-cuts-emissions-at-kola-peninsula-by-85-in-2021/type=releases

The $27 is for a decade long expansion plan as per the timelines given in the same RNS.

GLA

One day they'll wake up and realise just how big all of this really is, it's not a little mine heading to production over there, it's an entire district which is believed to be able to rival other districts. This is all just the start of it all -

Christian Schaffalitzky, Chairman at Eurasia commented: 'We are pleased to offer this further update on the resource surrounding our Monchetundra Project. We are now well established in Kola with a production license valid until 2038 and our exclusivity to the flanks firmly established under applicable laws. We have always noted the significant potential in the area which we now more strongly believe can be developed into a new global mining region for PGM to rival other large PGM producing regions of the world, including the Bushveld Complex in South Africa and the Taimyr Peninsula in Russia. It is not unusual for layered mafic massif to contain multiple deposits and deposit types. The Monchepluton Massif, hosting the majority of the deposits mentioned here, is generally accepted to contain many of the internationally recognised intrusive igneous PGM deposit types. With our EPC and Financing contract with Sinosteel signed and valid for 10 years our 2 open pittable Monchetundra deposits are fully financed and we can in our opinion rapidly move into production. We have also previously stated (see announcements dated 24 October and 25 November 2019) that we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'

Green box types have no clue whatsoever, fumbling around like children in the dark!

GLA

From interim report RNS Sept 2020 -

"Finally, the Company welcomes the incorporation of the Monchegorsk Development Agency, as announced by Norilsk Nickel on 16 September 2020, established by Monchegorsk's municipal administration and Norilsk Nickel to focus on Business and Investment in the Monchegorsk area, where the Monchetundra project is located."

Where the Monchetundra project is located and now where the Rosgeo JV projects are also located, handy that isn't it lol

GLA

PGM and battery metal district, that first commodity mentioned in the brackets there is handy isn't it, i wonder where it would be processed hmmmmmm

"· adding highly-attractive electric battery metals to Eurasia's metal basket (copper, nickel and cobalt on top of palladium and platinum all contained in the Additional Assets)"

Monchegorsk Development Agency set up be Norilsk and the local Government body, Rosgeo (Gov owned) and Eurasia JV hmmmmmmmmm

GLA

Let's get prepared for a new mining district shall we ladies and gents? -

"Nornickel plans to construct a new copper refining facility in Monchegorsk. The new facility will be able to produce up to 150 ktpa of copper, which is double the capacity of the closed shop. "

https://www.nornickel.com/news-and-media/press-releases-and-news/nornickel-cuts-emissions-at-kola-peninsula-by-85-in-2021/type=releases

GLA

"The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk. This high palladium deposit now becomes of interest given the recent price appreciation in palladium and the future price outlook. Palladium prices through 2011 averaged less than $600 per ounce. The Company's database of proprietary information including 12,000m of drilling will be compiled in due course to reassess the projects future potential development. If the Company did want to explore this project again, it would have to re-apply for the relevant licences and there can be no guarantee that they will be granted."

https://www.lse.co.uk/rns/EUA/monchetundra-update-y1zwj1c5tpmei84.html

GLA

Oh and by the way Rorydenso, it just so happens that they're closing that facility down in order to build a less polluting double capacity one. I wonder why they would need double capacity hmmmmmmmmmmm

This stuff really isn't rocket science tbh.

GLA

Are you ok Rorydinho?. They have processing facilities 3km away from Monchetundra, the Rosgeo open pits are perhaps even closer to their Monchegorsk plant -

https://twitter.com/AlexeiBoucher/status/1113364488118468608?s=20

See tweet from our exploration manager.

GLA

It's a lot of cash to burn in what is pretty short term, $17bn 2021 - 2025. That has to include asset purchases, does anyone know where they could buy some of those?.

They may bet set to buy quite a few of these open pits from Eurasia as things are progressed over this next decade tbh, it would entail multiple multi billion dollar asset buys. It perhaps works best for all parties, Eurasia, NN and Rosgeo (The Russian Gov).

GLA

GLA

Definitely big buys going on behind the scenes, they were accumulating before the news, they'll be wanting to grab as many as they can after it.

GLA