RE: Monchetundra, the start of beautiful PGM district14 Feb 2021 21:05
This output only ever increases as thing are developed and made more efficient as relevant data is acquired, forever evolving is probably the best description for an area like we have the starting position advantage over -
"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"
That should make a few of them bang around in that bin a bit, 147p . . . . with a supercycle looming, we may hit that easily tbh.
GLA