Member Info for mac4671

"Clear evidence of Rh at just Lopishnune." - Historical data tells you it's at Nittis, as per the first link in this post. I presume the green box has supplied something which indicates Rh also at Loipishnune, that's all the better.

Simply put, Eurasia have Rhodium everywhere.

GLA

Could be an indication? -

"Ru- and Ir-rich minerals make up 3.7 and 2 percent, respectively."

https://www.mdpi.com/2075-163X/8/12/581/htm

GLA

If anyone has the time and is interested in potential percentages, then perhaps look at other intrusions in the world with similar characteristics -

"It is worth noting that the positive Pd and Rh anomalies are characteristic of many other Fennoscandian intrusions of similar age, such as the Portimo Complex, and also in parts of the Great Dyke of Zimbabwe and the Muskox intrusion in Canada (Barnes and Francis, 1995; Iljina et al., 1992; Maier et al., 2015)."

GLA

Can we get a rising wedgie for TW and his £6 article crew?. One that pulls things right over his shoulders will do lol

GLA

Now remember, the green boxes think i'm just a copy and paste machine muahahahahahahahahaha

It's never about the individual pieces of a jigsaw, it's about putting all the individual pieces together to complete the picture ; )

Palladium anomalies walk hand in hand with Rhodium anomalies at NKT, historical geological data tells everyone that.

The same link in my first post of this thread also tells us about the REE's -

"The mineralized metasediment from Nittis as well as the mineralized tonalite from Nyud both have typical upper crustal incompatible trace element patterns with a strong enrichment in light rare
earth elements (REE) relative to heavy REE (Fig. 10 F)."

GLA

Odds of the knowing where a lot of Palladium and Rhodium anomalies occur? -

"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

"Extensive prior drilling campaigns with c.48,000m drilled at NKT, a part of the Flanks application."

"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

I'm pretty sure that they'll know exactly what's what and what's where from the extensive exploration done in the area. All that info is available to those buyers in the FSP, all the juicy bits, the Palladium pie and the Rhodium dessert.

GLA

Let's find it in RNS shall we, a drill result with bonanza grades (positive Palladium anomaly) -

Mt-086

49.0-50.1

1.1

12.28 GOLD g/t

6.52 PLATINUM g/t

98.8 PALLADIUM g/t

2.13

0.15

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-k5qgv48x511odqt.html

If there are multiple drill holes with data like that, you'll be able to appreciate how the value could be affected quite significantly. They'll obviously have all the Rhodium figures available that we've not had the privilege of seeing as well. Palladium & Rhodium bonanza grade areas, can you imagine, what a place to be!

"It has always been quite clear that the mineralisation at West Nittis was in fact clipping the edge of a much larger potential target in NKT"

http://otp.investis.com/clients/uk/eurasia-mining/rns/regulatory-story.aspx?cid=403&newsid=1331912

If you go West from west Nittis you hit Pentlandite creek which is basically a Nickel deposit, if you go east and north east you hit NKT, the big PGM zone. The West Nittis open pit is perfectly positioned to take advantage of both surrounding areas.

Pentlandite Creek, high base metals (Nickel) -

"This style of mineralization resembles similar ore previously mined in the region, albeit with high-grade base metals rather than PGMs."

GLA

A green box, you know you're doing well when they start appearing on your thread lol

No quantities mentioned or suggested, just a simple highlighting of the known positive Rhodium anomalies that are in historical geological data for NKT, the N being Nittis, do see the little resource map here green box -

https://www.eurasiamining.co.uk/operations/monchetundra

P.S It sucks to be you!

GLA

Which leads to a lovely high demand scenario for PGM's -

https://www.reuters.com/article/uk-bp-decarbonisation-idUSKBN2BA0PZ

GLA

You have to take it seriously, that's for certain Trift. Palladium dominant asset has always been mentioned, they just forgot to miss out the part about positive Palladium anomalies walking hand in hand with positive Rhodium anomalies. If they have a resource figure for it logged that buyers can view it can change things quite dramatically. 15Moz, even a small percent of that is a lot of Rhodium.....perfect storm indeed, even more so because we're legally entitled to a further 7Moz!

That's the monster covered, but even WK has it and now has it sat there in stock piled ore waiting to be processed. Christian certainly likes the present environment -

"We welcome the recent growth in our metals price basket especially in iridium and rhodium and look forward to updating further from West Kytlim in due course"

GLA

What a strong Rhodium price does to PGM businesses -

https://www.miningmx.com/news/platinum/45622-soaring-rhodium-price-will-contribute-half-of-total-sa-pgm-company-revenues-in-2021/

GLA

Has also been flying this year, another handy little by product at Monchetundra -

https://www.lme.com/en-GB/Metals/Minor-metals/Cobalt#tabIndex=0

GLA

What an asset to have with such huge PGM pricing. Monchetundra, it's a monster already at 15Moz and that figure can only be expanded upon as they move into the legal exclusivity areas which contain even more millions of ounces. Feet up and relaxed watching a commodity super cycle unfold which is making metal prices fly and our asset values change rapidly -

MT -

"positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20"

"supporting a lack of cumulus sulfide, whereas harzburgite from Travyanaya has
higher PGE concentrations and features an enrichment in PPGE relative to IPGE with
positive Pd as well as Rh anomalies and a high Pd/Ir ratio of more than 75". . . . . . .

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

GLA

Certainly fun and games in the early hours Travis. You don't miss anything that's for sure!

GLA

Always good seeing the shorts close, off you go and take your midget mayhem with you lol

GLA

https://acfequityresearch.com/eurasia-mining/

GLA

Even the outdated ACF report values us higher than what Redbob20 is trying to suggest. It's just another one of those comical deramp posts that hold no substance tbh. Ignores all the facts at present to try and justify the lame deramp lol

GLA

Somewhere between 1 and 2 quid. The long FSP points to tough competition within it and Dla Piper, UBS are still here working with Dmitry to move to a binding conclusion. The further announcements are coming, they told us that on Monday -

" while the Company with its advisers are making progress with the strategic options available for Eurasia. Further announcements will be made in due course". "

GLA

No you are not correct. Their main focus will be on the DFS data for WK and what is currently contained within the flanks we have. Of course they will consider the application in any offers they make, remember, the non bindings offers landed a long time before any RNS about what was happening with the next flanks app. The flank apps simply prove that things are easily expanded upon, all the way back to the previously held license sized areas. For WK that's 251km2.

Even if they announce binding deal tomorrow, the closing of a mid sized deal will take some time, the app will more than likely land during that closing period and be in place as the company changes hands, well, if it's a full company sale of course.

GLA

GLA

43% increase at WK and metal prices are flying. Don't let the games get you down, we're in a FSP that will conclude at some point. In the mean time the fundamentals only get stronger. Think of the change in value on that stock piled ore that they have ready for processing at WK, it's extra money in the bank when the metals rally!

GLA