Member Info for mac4671

Certainly Trift, the known deeper zones that have not been accurately mapped yet, AP seem to be chomping at the bit to get their hands on surveying it all if you ask me.

GLA

"A Detailed Project Design Report was contracted to Central Kola Expedition and approved by Murmansk Nedra in October 2019. The report sets out the statutory work required to complete a detailed Feasibility Study (Russian standard equivalent of a Definitive Feasibility Study) and a revised reserves statement building on the existing Feasibility Study and state approved reserves."

https://www.lse.co.uk/rns/EUA/annual-report-and-accounts-sikzqj9pkwa6gdz.html

AP certainly seem to know everyone pretty well, wouldn't you say!

GLA

Absolute Precision LLC
7 m ·
Last weeks of 2020 were even more busy for us than usual, and we had some important business trips and meetings going on. One of them was a journey to Murmansk.
Murmansk Oblast is a region that is very rich with minerals and, what is as rare as important, with excellent logistic routes. We managed to hold several work meetings with companies such as Central Kola Expedition and discussed overall strategic development of mining projects in this area.
We also agreed to hold workshops with such industry giants as Phosagro and Nornickel.
Absolut Dynamics’ strong intention is to conduct detailed research in this region. We are not here to confirm or deny the existing information. We look into the deep and open new horizons.
Stay tuned for the updates!

GLA

Whatever they've got planned over there, it's very big, the crypto world has moved on leaps and bounds lately, throw metal backed tokens into the mix and it is destined for great things. Similar to how currencies first started with gold coins, silver coins etc. This is the digital far more efficient system, all transparent and traceable to source. Wasn't the USD the last currency to be backed by gold before crypto started to make waves?.
You'll have the industry demand for the metals, but, you'll also get a greater investor demand wanting their piece of the metal crypto token pie. It's going to very interesting to see how this all plays out tbh, 6 months of a FSP come Jan 1st, that's a long time for a FSP!

GLA

For this part with Dmitry involved, there is only one place the metals would come from to back the tokens -

"The company will issue hybrid tokens combining the rights and functionality of stable tokens, backed by stocks of precious metal ingots"

https://lab.lybrion.com/project/digital-metals

GLA

Certainly hoochy, AP are getting around all the big people in Russia -

https://www.instagram.com/p/CFScmvFjVxv/?utm_source=ig_web_copy_link

Something is most definitely getting close to boiling point imho!

GLA

Oh, and you know Rosgeologia, the gov exploration company which has been doing a lot of work in the Monchegorsk area, well.........

https://www.instagram.com/p/CGLK30XDwdI/?utm_source=ig_web_copy_link

The jigsaw is almost complete!.

Here's the original post of our exploration manager with them many months ago -

https://www.instagram.com/p/B-ZhwV-jEjC/?utm_source=ig_web_copy_link

Subcontracted on to help speed things up is my guess ;)

GLA

Absolute precisions snapchat stories?. Their latest - "Tomorrow at a new field and at least we've hit the ground running project"

There's a lot going on over there that we're currently not privy to!

GLA

Big move for Palladium and the other metals that will get tokenised, NN firmly in control of the entire thing, they're going to need a lot of the metals.

GLA

https://www.bloomberg.com/news/articles/2020-12-24/u-k-eu-negotiators-finalize-historic-post-brexit-trade-accord?utm_medium=social&cmpid=socialflow-facebook-markets&utm_campaign=socialflow-organic&utm_content=businessweek&utm_source=facebook&fbclid=IwAR0yA5hrDNTmlWIC8Ent7vlH16KxpVZo5i37BYqOg_DHuHiFFN6vI00ZURQ

Looks like it's a deal after all, Merry Christmas!

It certainly shows that there's a lot more work for DLA Piper to do than originally expected, they're a massive top of the league firm as well, so whatever is being legally drafted it must be pretty complex, not your average run of the mill asset sale contract. We expected it to be complex on the legal exclusivity to other areas aspect, but, i don't think most expected it to run this long, i didn't for one. It's a good sign imho, as it points to things being legally put in place over areas of exclusivity. Russian law protects asset owners that way, putting it into a sales & purchase contract where both legal sides are happy, could be part of the delay.

It will conclude at some point however, but, just like the SP guess, anyone trying to put a date on a conclusion is just guessing.

You get the feeling that WK DFS news could land on the 1st trading day back in the new year tbh, we'll see.

GLA

Merry Christmas stix and all, aaaaarrrrrrrrrrrrrrrrr

GLA

Is my new guess for the SP on deal news. Those green boxes have managed to add 10p on in quite a quick time lol

GLA

Everyone loves a BONANZA!!!

This is an example of what the BOD and buyers could have been looking at with that NKT data that was handed over, this is from a West Nittis drill hole that was said to be the edge of a greater area which runs into NKT -

West Nittis at Monchetundra contains a bonanza grade area :

At MT -

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

GLA

Short term SP fluctuations make absolutely no difference to what's in the ground -

anomaly

noun
1.
something that deviates from what is standard, normal, or expected.
"there are a number of anomalies in the present system"

"positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20" - Normal talk : BONANZA grade areas. . . . . . .

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

We're all in for a welcome surprise imho, something that conservative reports like the acf report couldn't have possibly factored into any conservative valuations. But, due to what has been handed over to Eurasia, it can all be factored in to the sale valuation within the FSP. Recent drilling data and PFS work is a very big bonus for an area containing bonanza grade areas -

"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

As we await the outcome of the final furlong, funds & ii's are taking a piece of the Culmination pie.

Culmination -

noun
1.
the highest or climactic point of something, especially as attained after a long time.
"the deal marked the culmination of years of negotiation"

"As you are aware, our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side to work with the Company through the sale process. This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects."

https://www.lse.co.uk/rns/EUA/interim-report-z4vq8goh3rc2usr.html

CULMINATION ladies and gents.

Parties interested In MT, have been interested for years now. The company has simply taken their assets through development loopholes in order to get maximum value as a seller -

"A detailed work programme for future activities at Monchetundra has been prepared. However since then Eurasia Mining has received two approaches from third parties who have expressed an interest in acquiring outright, or acquiring an interest in, the Monchetundra licence.

The Company has therefore engaged in commercial negotiations with both parties with a view to considering and negotiating a suitable transaction that is in the interests of all parties, but specifically Eurasia shareholders. This process has recently included site visits to the project and from which positive feedback has been received."

https://www.lse.co.uk/rns/EUA/strategic-and-operational-update-7dsdelsdkxz5jen.html

It's crystallise substantial value from our Monchetundra time, ladies and gents -

"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

DLA Piper is the very last part of the formal side of things, the legal purchase & sales contract.

Tick tock, tick tock . . . . .

GLA

Certainly RMR, with an area to rival the Bushveld complex, you would want to focus your whole attention on it imho. Everything fits so well currently, we just need the big news to land on our desk!

It's been a long wait, but, what seems to be happening in the main asset area will certainly be worth waiting for. Monchegorsk Development Agency, let's get the area developed!

GLA

"Its shutdown is part of Nornickel’s comprehensive environmental programme, which aims to significantly reduce the environmental impact at all production sites."

https://www.nornickel.com/news-and-media/press-releases-and-news/nornickel-shuts-down-smelter-in-nikel-town/?redirect_url=%2Fnews-and-media%2Fpress-releases-and-news%2F&type=releases&fbclid=IwAR0zyCX6bGrG6RIl19RpMhReGP0g6TepU7B3dNOTyXdN8Lm1-FeYn1RegjM

GLA

The interest will have been sky high Stix imho.

At this stage of time of a FSP, you have to wonder just how many people wanted to have a go at securing the assets. Only a few thought a long FSP would happen when it started almost 6 months ago, they've been right, but, with an area that can rival the Bushveld complex, you would want a long process to extract as much value as possible from the situation.
Dmitry knew fine well what he had the reins over selling, and you can understand exactly why he specifically said that he wouldn't be rushed just over a year ago in interview. He has the most to gain from the whole process, being the largest shareholder, and being an ex investment banker, he'll extract as much value as possible from all of this!

GLA

They're coming, and it's another green energy revolution dynamic for increased demand -

https://www.angloamericanplatinum.com/media/press-releases/2019/15-07-2019?fbclid=IwAR3vXG8WpfZMIIEDMvGSlDbMHGuRcnab6WjcUsVya3ddNZIrJlUe9WQZzYs

"Lion Battery project successful with Li-sulphur next gen battery design using 8-10g Pd as cathode layer to 500 cycles (Target 1,000+) with 4x energy density vs Li-ion."

4x energy density, that is a vast improvement!

The info about the success using a Palladium cathode, came from an audience member of a live IPMI webinar quite some time ago.

http://s1.q4cdn.com/169714374/files/doc_presentations/2020/Platinum-Group-LION-Corporate-Presentation-January-7-2020-FINAL.pdf

GLA