Member Info for mac4671

Nice link Broxburn. NN will buy Eurasia imo, they have problems at their great assets, they now need a rock solid back up plan in an easy to mine format, that comes from Monchetundra.

GLA

"In the world of ‘ non binding to binding ‘ they say 4-6 months but this complex ." - where on earth do you get that timeline from Tilly? Provide a source or it's bull.

GLA

The company gives a Palladium equivalent figure, that figures represents all PGM's at the assets. Only the buyers of the assets would get any estimated metal breakdown. All other things are bonuses on top of the Palladium eqv figure given, Nickel, Copper, Cobalt, REE's etc are all extras on top of any Palladium eqv figure. Pentlandite creek, which will land in the next flanks app as it's in the legal exclusivity area, will have a significant Nickel credit, because that's what Pentlandite is -

"Pentlandite is an iron–nickel sulfide"

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

GLA

If people are stuck on REE symbols then they're in here -

https://en.m.wikipedia.org/wiki/Rare-earth_element

Very easy to see which ones are named as being at MT when you get to the relevant parts in the article.

GLA

Just take your time and read through them, you just need to know the chemical symbols of things to understand the parts about the Palladium and Rhodium anomalies. You see, we know it's a Palladium domimant area, we've been told that in RNS, what they never dropped was the Rhodium anomaly aspect which is in historical geological data.

Right at the bottom of the Monchegorsk article there are graphs for things, PGM's, REE's etc. Most can understand a graph surely, or a picture showing the Monchegorsk complex?.

GLA

Riteview, i have 157 filtered myself, there are one or two that just bring noise lol

GLA

Not only are the positive anomalies at Nittis at Monchetundra, the area we currently have, they are at the other areas that near term flank applications expand back into.

"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). "

Just thought i would place the NITTIS names positive anomaly part here, because, well, there is always someone who won't read the linked articles for themselves.

GLA

$29400 an ounce!!!

https://www.metalsdaily.com/live-prices/pgms/

Rhodium is a very rare commodity, to have positive anomalies at both assets will put Eurasia in a very string position.

What i would give to have a look through the DFS specifics, certainly a great anomaly to have with the current pricing, that's for sure.

Listen carefully at the 3:30 - 3:50 area -

https://www.youtube.com/watch?v=d_YMY6yiMDE&feature=youtu.be

WK -

"Consistent with this anomaly, the paragenesis of platinum-group minerals (PGM) includes abundant Pd-bearing PGM, two unnamed phases, (Pd,Fe,Cu,Ni)(9)(S,Hg,As)(8) and Rh(Te,Hg), and alloys in the system Pt-Fe-Cu-Ni"

"Rh-rich pentlandite
KT 150-154 A bis 3 3 0.39 0.00 12.13 24.95 27.12 0.33 0.05 0.00 0.40 31.7 10.36 97.44"

12.3 being the Rhodium.

https://www.researchgate.net/publication/276054678_Unusually_pge-rich_chromitite_in_the_butyrin_vein_of_the_Kytlym_Uralian-Alaskan_complex_northern_urals_Russia

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

Any valuation we do as outsiders will be conservative, one stand out reason is the WK DFS for example, they have those specific details and we don't. Any resource upgrade figures for MT are the same, but it's a good thing, because what logically follows is a deal price which is superior to most conservatively done valuations.

GLA

It's not really a problem, their expansion model is very easy to follow. WK is the smaller blue print to how MT expands, one flank app after another and moving back into their previous held license areas that were applicable during Anglo JV days. The beauty with it is that they already know what's it the ground that they're re-applying for as they drilled it back in those JV days, they couldn't be in a more comfortable position.

You'll never know exactly what's there, the new figures get released as they expand and add them to their resource holdings. From where they are they can expand for a very long time at the approx 9 month per flanks app rate.

GLA

Yes Mjd2020, it's the same area. It's in the legal exclusivity zone for Eurasia. It's another large area, i've only just noticed that drop down tab further down on the page link you posted. The area is huge, there will be many companies needed to take it to production by the end, open pits everywhere tbh.

The jobs of FT etc will happen with MT, you can see why Russia are so supportive of Eurasia tbh, they'll need a lot of hands on deck to make best use of the resource rich assets over there. First mover advantage for Eurasia mining in MT and surrounding area, this has many possible routes forward in all honesty, it's going to be very interesting to see exactly what gets put forward as a binding deal to us shareholders!

GLA

Fedorova Tundra is listed on there, it's an interesting site, you can see they're wanting to attract investment into all sorts of things -

https://invest.nashsever51.ru/en/registry/investment-projects-en/2f7cb0d8-8e6a-4799-9a24-8d29d8b4d7d5

GLA

Nice link Mjd2020, very much open for business, they want people there. If you know anyone who can read Russian, go into 'about the region' and select 'regional development strategy', there's a lovely PDF but it's in Russian lol

GLA

Have you noticed the Pentlandite Creek at Mochetundra, falls mainly within the next MT flanks app. We know that there is Rhodium rich Pendlandite at the Butyrin Vein at Kytlym. At MT we know they used to mine for Nickel, more of that creek lands in the next flanks app, therefore, more Nickel -

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

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

GLA

When this deal lands and it's all across the media, all eyes will firmly be on Russian investing imho.

The Monchegorsk Complex has largely went ignored until now, they'll all want a slice of that pie, who wouldn't, PGM's, Nickel, Copper, Cobalt and REE's all in one place. It's the perfect geological complex for the prevailing green energy revolution, absolutely perfect.

GLA

The thing to watch for since that pit has not increased in size lately, is if another pit appears in a different area as it allows this bit to happen -

"The study can allow much greater flexibility in mine planning, development of multiple sites in parallel, and significant increases in production volumes over shorter time scales."

Of course, if it has been sold then we may never see more pits via the satellite. We're still a while away from the thaw happening so ground works/ore stock piling should continue at pace imho.

GLA

. . . . . .

Eurasia is committed to developing West Kytlim at a scale optimised to maximise value to its shareholders, while continuing to assess the potential for further similar PGM deposits adjacent to the project and in the locality. The Company manages the application process closely and has developed in house expertise in Russian subsoil licensing and license applications. The Tipil and Flanks licence applications were supported by proprietary in-house exploration data and extrapolation of resource and exploration work to areas adjacent the current mining concession.

GLA

WK is massive, they have around 117km2. They moved accommodation onto site for the pandemic. Something we've not heard back on to date is the other flanks app there, the 50.7km2 which received MOD approval in May last year -

2020 Summary to date

- New Leased machinery fleet delivered to site and operational since February 2020.

- Feasibility study commissioned to approve all resources on the license to mineable status and allow increases in production volumes without further exploration drilling.

- Crew shelters for the accommodation of 56 people were added to existing temporary buildings at the mine site to allow for protection from COVID-19 with additional response measures introduced including:

· Longer rosters to reduce travel

· Purchase of Express Test kits

· Wearing of face masks is mandatory

· Awareness interviews with employees

· Medical screening before dispatch and upon roster change

· Coordinated meal times to ensure social distancing maintained



Single Feasibility study targeting upgrade of all resources to mineable categories



Due to reserve and operational data generated over several seasons of mining, the Company has been able to strengthen its geological data set considerably. As a result, the drilling already undertaken is considered sufficient to categorise all resources on the mining license as mineable (as per Russian mining standard (GOST)), without further drilling. This was a major development for the project and Company arising from discussions with leading industry personnel and heads of federal level resource industry governing bodies in early 2020. The Company has now commissioned a single Feasibility Study for the entire mining license area, replacing all exploration and reporting work streams with a single commissioned report. This feasibility study, to be approved by federal rather than regional licensing authorities comes at a fraction of the cost compared with the site by site approach, with further resource drilling, pursued previously. The study can allow much greater flexibility in mine planning, development of multiple sites in parallel, and significant increases in production volumes over shorter time scales.



Further exploration license applications



Tipil License - Additional 24.5km2 west of the current mining license

Project Flanks - Additional 50.7km2 surrounds the current mining license and includes strike extensions to identified reserves and resources. MOD approval received in May 2020.

. . . . . .

Poor hooch, his £35 and £50 was pretty funny, he was so certain. His $10000 average metal price was the work of a comedy genius tbh lol

GLA

You want to see it in a nice simple picture?, scroll down to the pic that shows the Layered intrusion (2.5 Ga) in black and labelled Monchegorsk Complex -

"This characteristic also applies to one of Europe's largest layered intrusions, namely the Monchegorsk Complex."

" The Monchegorsk Complex comprises two spatially separate intrusions, covering an area of ~ 550 km2 : the predominantly ultramafic Monchepluton (~ 65 km2 ) and the mafic Main Ridge (~ 485 km2 ), which are separated by the Monchetundra Fault trending northwest (Fig. 2 inset). "

It's the complex that can be turned into an area to rival the Bushveld, it's very easy to understand when you have the historical geological data at hand, the area is colossal and layered -

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

GLA