Member Info for mac4671

P.S I've deliberately waited until now to bring all of this up. The guys who profess to have been here for years should have known all of this ; )
Anyway, it all adds to the FSP excitement, it's still a massive unknown dynamic which is very much potentially in play ladies and gents.

GLA

Everyone assumed it was Dmitry's next project, but blockchain and crypto systems were mentioned in RNS a long time ago. So, it's potentially Eurasia's next project, or, at least they did appear to be heading done that route some years back.

2017 Eurasia were actively associated with blockchain developers -

https://www.lse.co.uk/rns/EUA/memorandum-of-understanding-signed-with-goldmint-4x4625f76xsqao0.html

GLA

Some will remember the original Lybrion listing for 'Green Metals' and Eurasia named there. It's another dynamic that could have created complexities in the FSP. Not sure how though, because, well, blockchain and crypto is a whole new addition to the precious metals (green metals) sector.

GLA

Blockchain RNS -

"Eurasia are collaborating with Bankex to explore the potential for applying blockchain based solutions to develop resource sector mining projects, although there can be no guarantee at this stage that this will be achieved.



The rationale for the early stage collaboration is that the majority of PGM mined for industrial uses are used in industry to clean exhaust fumes in diesel and gasoline drivetrains and in much larger engines at oil refineries and chemical plants. These 'Green Metals' are particularly important in protecting the environment for future generations, and will continue to find applications in a more carbon efficient future. Eurasia and Bankex are interesting in exploring the possibility of creating a special purpose vehicle to apply blockchain based solutions to developing Green Metals mining projects."

https://www.lse.co.uk/rns/EUA/company-presentation-actxzv2r7t2dtfw.html

Things could be complicated due to Eurasia having a role in any future blockchain systems where the metals from the assets are used to back tokens up etc.

GLA

Stay safe and recover well Portsmouth, we've got the bot fly surrounded.

GLA

Please stop, just drop the 'big-un', cheers lol

GLA

Would you look at that -

https://www.investing.com/news/commodities-news/how-high-can-copper-fly-this-metals-trader-expects-12000-2429663

GLA

Made me jump!

GLA

flapping their puny little arms around in the water. We only need one captured for mocking later, show the rest no mercy lol

GLA

A bit of Eurasia excitement.

Capture at least on bot fly for mocking later at the Rum festivities, don't let them all retreat lol

GLA

Anyone???

GLA

Fully financed and can Rival the Bushveld -

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

Rise, is what it's now known as. You never see or hear them lurking much in such events lol

GLA

Blackrock keep adding, nearly a 36 million share holding, that's pretty impressive!

GLA

gently down the stream
Merrily merrily life is but a dream. . . .

P.S Trift, you've missed off a 0 from the Dmitry excitement interview price level ; )

GLA

"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

Big, enormous, gigantic, treasure chest filling DEALS -

"Since launching the Formal Sale Process on 1 July 2020, Eurasia and its advisers have engaged with a wide range of parties, and have to date received non-binding offers in respect of both a possible acquisition of the Company as well as other transaction structures."

GLA

Has been added via taking things along the development curve and waiting until the right time where metal pricing is very strong -

"Should the Company crystallise substantial value from our Monchetundra interests it would be a highly significant achievement, however whilst discussions continue it is important to progress the asset on the ground. By securing a Discovery Certificate for the licence and by pursuing various exploration and development steps, we believe we can add significant value to our interests and increase the degree of commercial interest, for any parties wishing to engage with the project."

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

GLA

“Platinum is a key industrial metal, and its price has been rising on growing demand as hopes of a sharp economic recovery increase”

https://www.proactiveinvestors.co.uk/companies/news/942185/institutional-investors-planning-to-up-platinum-exposure-with-prices-at-six-year-high---survey-942185.html

GLA

Big plans for a big asset -

"MONCHETUNDRA

A fully funded development project; with 15moz palladium dominated PGM resource, it is one of the largest assets globally not owned by a PGM major.

Asset overview:

Ownership: 80%

Operating Partners: Sinosteel, Central Kola Expedition

Region: Murmanskaya Oblast, Russian Kola Peninsula bordering Finland.

Mine type: Open pit.

Licensing: Mining license to 2038. Financed via Sinosteel EPCF.

Status: Preparation for production.

Product/Offtake: PGM and base metals concentrate (Palladium dominant, Platinum, Gold, Nickel and

Copper).

Infrastructure: Road, Rail, Sea Hub, Power and labour. Close to Finish border

Mine life: >20 years

Target production: 1,000koz at full capacity

Exploration upside: Expanding mineable reserve base via acquisition of adjacent licences"

When you have 5km exclusivity which is protected through Russian law, things can only be expanded upon, such a great first mover advantage the BOD have placed themselves in!

GLA