Member Info for mac4671

Toyota fuel cell syatem coming to market -

https://www.slashgear.com/toyota-fuel-cell-system-will-go-on-sale-this-spring-03662111/

GLA

A hydrogen roadmap for Germany, the link's a PDF download -

https://www.fraunhofer.de/content/dam/zv/de/ueber-fraunhofer/wissenschaftspolitik/Positionen/2019-10-a-hydrogen-roadmap-for-germany.pdf

GLA

The best part about the Rhodium is that it's currently being stock piled at WK in ore stock piling, and the Rhodium at MT is fully financed to production. Those buyers have to bid high to get any of our Rhodium goodies -

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.'

GLA

Blackrock long position only increasing, shorts at a nice big ZERO. Grab a Rhodium ore and have a wee pull. . . . .

GLA

Rhodium rhoing is what works best, put your backs into it, rho rho rhodium your boat . . . . . .

GLA

$29200 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

Yes optimist there are positive rhodium anomalies at both assets. See my rho rho rhodium your boat post. It's all in the historical geological data, there's both positive Palladium and Rhodium anomalies at Mt.

GLA

Gilded, they have to inform the market of the binding offer that they choose to go ahead with, if both assets are being sold then the shareholders have to vote to approve it, again the info needs to be out for us to do that. In short, yes, they will habe to RNS the deal they've chose to move forward with.

GLA

Make your own mind up as to when you think those binding deals will be getting submitted by the buyers.

The process is still going, that means that all parties are currently still happy, this is after many months of due diligence etc. Either side could have pulled out long before now, the fact that they have not and the process is still running can only be a huge positive.

At this stage, we have to assume they selected the far side of a time frame, the 8 week side. It makes sense due to the current covid situation tbh, allow the buyers maximum time to get donw what they need to get done.

It has to conclude, a FSP does not run forever!

GLA

Since the non-binding deal RNS.

The time is flying by . . . .

"5. Second Bidding Round and Process Letter II
By deciding on whom to admit into the next round, the process officially enters the second phase. This phase is determined by the opening of the virtual data room as well as intense due diligence done by the prospective buyers and their advisors. It usually covers a range of four to eight weeks and is governed by the process letter II. Towards the end of this phase, the buyers, given continuing interest, must submit their binding offers, which determine who will enter the final negotiation phase."

https://merger-strategy.com/the-non-binding-offer/

GLA

It's traders, the wannabe wolf of wall street types. The only thing left creating any downward pressure!

GLA

West Kytlym, the in production asset where they're rapidly ore stock piling at the minute -

"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

At the current prices, a smidgen of Rhodium = many doobloons!

GLA

Fully financed, can rival the Bushveld and has Rhodium anomalies, what a cracking pie. I only put my hard earned in to things i believe will have a positive outcome, i find it rather odd that people would put their hard earned into something that they apparently have negatives on, very odd indeed. There are thousands of options out there, find a positive one if you really are that concerned -

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.'

"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

Rhodium is on the bull run of bull runs, we're very fortunate to have positive anomalies at both main assets here!

GLA

It's high Monkey, the costs stay the same, the increase in metal pricing is direct profit on top. If the ruble falls in value then the cost in dollars also decreases.

It's a very cheap open pit soft rock mining asset to begin with in its life. There is scope for underground mining as well, but i think that would take place once the open pits have been depleted.

GLA

Flanks app complete, here you go Eurasia you can have all of the juicy data we've gathered over the years, all in for the license price, happy mining!.......Eurasia - " ta very much, what a deal, what a steal, what a sale of the century!! "

"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

GLA

NN will always be my favourite Monkey, i'm sure Dmitry said they would prefer a Russian deal and i imagine it's because the Russian's fully know and understand the exclusivity system, the resource exploration the gov (rosgeologia) do and keep a database about as well. People quite often forget that a lot of the ground has already been explored, the Russian gov fund bodies to do so!

PFS's have already been done on parts of the flanks we received and we got every bit of previous exploration data for them handed to us on a silver platter -

https://rdif.ru/Eng_fullNews/4120/#:~:text=Rosgeologia%20is%20fully%20state%2Downed,eight%20federal%20districts%20of%20Russia.

GLA

The application for the further 7Moz is more than likely all set up and ready to be submitted with the deal imho, why wouldn't it?. It would be one of Eurasia's next moves with the asset anyway!

GLA

15Moz and what's directly under legal exclusivity, being the next 7Moz, so 22Moz. Something with be attributed to gaining the legal exclusivity over further resources, just not entirely sure how they'll price it.

One open pit further along NKT pulls more of the 40Moz into a legal exclusivity zone, the area is very easy to expand back into tbh.

GLA

GLA

Haha Gary, it's not that bad, it's long but the content is pretty straight forward tbh. If you take anything from it, take that PGM's, Cobalt and LREE's are on their critical list, Eurasia has all of them and more!

GLA