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In fact, here, allow me -

"Tier-1 scale JORC MRE at NKT ex-operating Ni mine"

"· The net present value ("NPV") using an 8.33% discount rate for the underground part of the NKT project is $1.2bn under the WAI price forecast and $1.7bn under spot prices. Work on the open pit part is in progress and the NPV of that part will be announced separately"

Green boxes only ever come with nonsense, never one bit of logic or any facts!

GLA

Oh look a green box.

Living in your tiny head rent free lol

As the title states, it's an example of the size of deals that DLA Piper are renowned for working on, nothing more nothing less.

Can someone remind us of the NKT underground NPV, is it over a billion or is it something small like a green boxes brain?

GLA

"We advised
@TMobile
US, Inc. in its acquisition of #spectrumlicenses in the 600 MHz band from Channel 51 License Co LLC and LB License Co, LLC in exchange for total cash consideration of US$3.5 billion."

https://twitter.com/DLA_Piper/status/1559186766741082112?s=20&t=hpxsczrJwo0jcpMhxQispg

GLA

There's not a lot else we can do at this stage other than wait.

The green boxes will try their nonsense, but, everyone sees straight through them these days so they're just garbage to be thrown out tbh.

Hopefully news arrives of the dragline operating shortly, that can't be far away now imho

GLA

Something's brewing i see!

Bit of a wait for the tranche RNS isn't it. It will come, hopefully with some asset progress news also as it has been a few weeks since the deal announcement.

GLA

Remember, Rosgeo is fully financed -

"Completion of US$15m financing for Rosgeo JV

24 September 2021"

And they took only what they needed, they were offered more at the time -

"· H.C. Wainwright & Co. acted as the exclusive placement agent in the United States for this financing

· The Directors have reduced the financing size to approximately $15m from the higher amount offered to Eurasia

· The cash balance of Eurasia now is about $35m with no debt

· The financial position of the Company is sufficient to accomplish its commitments in relation to Rosgeo JV, where a JORC resource by Wardell Armstrong is to be announced shortly"

Perhaps their choice of using 'shortly' was a bit of a slip, but, everything else is running as per what they have announced tbh.

I still very much believe that it will be Norilsk and the Chinese running Monchegorsk when it's all fully online. Sinosteel EPCF and Citic Merchant engagement letter points very much to the Chinese arriving there at some stage. It's on Norilsk's doorstep and they've operated the area previously, so, they will be involved there also no doubt!

GLA

Rosgeo assets were potentially going in a ROFR agreement imo, just the conflict has changed the strategic environment somewhat and Eurasia are potentially now looking to exit Monchegorsk in one move.

The timing of the Rosgeo JV and also the stated arrival timing of the DFS could very well point to a full Monchegorsk exit for Eurasia at this point -

"Binding Agreement Signed with Rosgeo
Fri, 26th Mar 2021 17:00"

100% ownership can arrive after JORC, if selling you gain maximum value at the 100% stage -

"The Rosgeo Agreement provides that Eurasia acquires 75% equity stakes in each of the Additional Assets and Rosgeo will retain 25% equity stakes in the Additional Assets (being those companies holding relevant licenses for palladium, platinum, copper, nickel and cobalt projects outlined above). Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code. Any engagement with Rosgeo as a contractor in relation to the Additional Assets will be on an arm's length basis."

By November the winter at Monchegorsk will be in full swing, it minimises what they can do there from then until March, March being important because it's the Rosgeo JV deadline -

"Eurasia has 24 months in which to decide whether to select some or all of the assets to develop."

For Eurasia to gain the gov approval for sales etc, it's simply a case of selling to a BRIC's member, an entity that the Russian gov sees as friendly. The same goes for the Mondi exit tbh!

GLA

Even if you just took the very simple approach of attaching a $1bn valuation to each of the main assets, Monchetundra, NKT, NYUD, Sopcha, Poaz........that's $5bn. It's why it's very easy to wait for myself, we're halfway through August now, so, November isn't even that far away.
However, i think sale details will land prior with some form of stipulation that the buying price will be agreed so long as the DFS states X,Y,Z of whatever Monchegorsk assets they're going to take. Simply put, the buyer is going to get exactly what they want, hence why things are taking time.

Norilsk, if it's them, they will not want to have to worry about things like JORC, DFS etc as they're currently changing their Monchegorsk facility on a very large scale, so, they would want any assets in a 'ready to go' format, that's what the JORC and DFS achieves. Coincidentally, it also achieves maximum value for Eurasia in any asset sale environment, both sides get what they want in the end!

GLA

Just focus on the knowns, Mondi is selling at full value, even just selling one fraction of the assets Eurasia holds at Monchegorsk would net a tidy sum -

"Tier-1 scale JORC MRE at NKT ex-operating Ni mine"

"· The net present value ("NPV") using an 8.33% discount rate for the underground part of the NKT project is $1.2bn under the WAI price forecast and $1.7bn under spot prices. Work on the open pit part is in progress and the NPV of that part will be announced separately"

It's what Wardell are here for, to help get us all maximum sale value from the assets, the question is, will it be the former operator who buys or someone else? -

"JORC Mineral Resource Estimate ("MRE") by Wardell Armstrong International ("WAI") at Nittis-Kumuzhya-Travyanaya ("NKT") nickel dominant nickel-copper-PGM mine formerly operated by Norilsk Nickel"

Multiply the above one fraction by whatever factor you like, because, well, we know Wardell are doing the entire district as we've been told via the official communications route -

"· Definitive Feasibility study on schedule for submission in 2022.

· Wardell Armstrong International engaged for various comprehensive studies on Eurasia and its projects (also the ones included in the agreement with Rosgeo), i.e. JORC standard MRE reporting and NPV analyses."

Easy . . . . .

GLA

Oh stop being so dramatic Franny1968, i've been here since 2016. People simply get too emotionally attached to the SP and panic whenever it moves around.

As per RNS, the official line of communication from the BOD to the market and shareholders -

"· The Board is closely monitoring the evolving sanctions and re-iterates that no individual or entity identified in the sanctions is associated with the Company in any way. Nor do the sanctions prevent the Company from executing on its M&A strategy as announced"

They've even told us all that a complete DFS is coming in November, it's even easier when you know that billions of dollars worth of resources are going to have official JORC's and DFS done on them all. All at a time where assets in Russia are still being sold at full value.

GLA

See, assets can still be sold at full value and after a sale this is what happens -

"Mondi said the net proceeds of the disposal and the RUB 16bn dividend would be distributed to shareholders “as soon as reasonably practicable” following receipt."

Just sit back and let the BOD get done what they need to get done, a very easy waiting game imho

GLA

You're welcome!

REE JORC by year end which could also be a game changer from what he states. I also picked up on Nickel being here, so, there's a lot of value which can be added in the short term tbh.

Multiple positive cash flows will also begin, so, the next 6 months really could be very transformational for Kazera.

It's certainly a far different company to the one that was running the last time i was invested here. It's really good to see someone take the bull by the horns and begin to move for maximum value creation from assets, but, also look to expand as it all progresses.

GLA

It's a different game here now, only just noticed this interview froma few days ago -

https://youtu.be/bqU2Rhx8Ic0

He's actively trying to get the company out there which is great to see!

GLA

It's all about market confidence, it's a transformational deal so they'll want to showcase all stages as it progresses, an RNS will arrive on Monday showing tranche 2 and also any other progress that has been made in reference to machinery for example. It's been 3 weeks and come next Wednesday it will have been 4 weeks since the deal RNS, a lot can happen in that amount of time tbh -

"The investment will consist of a mixture of cash, machinery and services, with a minimum of US$ 2.5 million payable to Kazera in cash, with US$ 100,000 due on 25 July 2022, US$ 400,000 by 15 August 2022 and the remaining balance in instalments, with the last instalment to be paid on or before 31 January 2023. The value and specifications of any machinery or services will be agreed between the parties before they are contributed"

The more that drops in RNS with referenve to it the more the market will have to start factoring the value in to the MCAP. Regardless of charting the deal places a valuation on the Lithium, the market will have to gradually factor it in as things progress imho -

"The transaction values the Company's lithium assets alone at in excess of US$15 million."

How often have you been getting diamond production updates? Wouldn't a 4 week update on what the pan plant has achieved be welcome also? -

"· Diamond mine pan plant now installed and commissioned

· Cashflows from diamond operations expected to substantially improve"

It could be a very good week if those kind of news drops land tbh!

GLA

I'm surprised it's this quiet with the Chinese now being here. But, well, maybe some are waiting for this next tranche to land and the associated possible news that will come with it!

Fully expecting a Monday morning RNS about the tranche and what has went on since receiving their first one in regards to the asset moving forward for increased Tant production and also adding the Lithium in to the mix.

GLA

Sinosteel.......EPCF signed, Citic Merchant........Engagement letter signed, there has always been a lot of Chinese interest in Eurasia Mining.

CATL is a monster and expanding -

"The company already supplies batteries to almost all of the world’s automakers, including G.M., Volkswagen, BMW and Tesla. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla."

https://www.nytimes.com/2021/12/22/business/china-catl-electric-car-batteries.html

In all scenarios the Chinese will take whatever resources they can get their hands on to maintain their market dominance and they are famous for bidding over the top to secure what they need!

GLA

It's certainly a very interesting market right now AJ012. It's something currently overlooked by almost everyone, while the rest of the World's costs go up, companies operating in Russia are benefiting from cheap running costs and are significantly more profitable due to it all being pegged to a third party metal pricing system, the London Metal Exchange.

GLA

"So people have had enough eh!!" - Indeed they have Sandy, had enough of the green box daily junk, they're only good for the green trash can. Throw them in, close the lid and the World instantly becomes a better place!

GLA

My gut says it will be a consortium involving a Chinese entity (possibly even state level) and NN lovelyboy. Business between the two nations is only getting stronger tbh -

"In July, Russia imported $6.7 billion of goods from China, a roughly 20% increase from the same time last year, filling the market gap from Western countries that have stopped trading with the warring nation."

https://markets.businessinsider.com/news/currencies/russia-china-imports-invasion-currency-ruble-oil-energy-trade-exports-2022-8

When you pair one country with vast natural resources and another with vast manufacturing capabilities, you end up with a very strong cornerstone for a large industrial shift like the one we're all now witnessing to green energy. Business is business after all and certain things need to happen for certain changes to take place!

U.S and others can take a similar approach, utilising the natural resources found at the border of Canada and the U.S and then applying a similar manufacturing powerhouse to China's, it would achieve a similar aim.

GLA

Ref the conflict, they've pretty much fought themselves to a standstill at this stage. Russian advances in the East have ground to a halt pretty much and the Ukraine counter offensive in the South has barely done anything.

If there was a time for negotiations for peace due to a conflict standstill, this is that time imho!

GLA