Member Info for mac4671

The reason they put the distance in there, 5km and 8km, is to tell you that certain ones fall outside of the exclusivity area.
There's an initial extra 4Moz in the exclusivity area, that takes the MT area to 19Moz, it if gets applied for and granted.

Outside of the exclusivity area there is and additional 21Moz which is unlicensed at this stage, the same as the 4Moz within the exclusivity area.

I hope this helps to explain it.

GLA

It's basically in the same county/district 8km away, that's what it says.

GLA

It doesn't, it says the 21Moz is in the same district as the Monchetundra license, that district being Monchegorsk.

GLA

What will probably happen, is they will have applied for the extra 4Moz in the exclusivity area, and also have applied for Volchetundra. But they might only get part of Volchetundra, like they did with Monchetundra to begin with, and then have to apply for its flank areas to build up to the 21Moz.

GLA

Yes Rowka, the monchetundra license is in the monchegorsk district, the same as those extra unlicensed resources. They are not currently licensed, but the RNS has a disclaimer which suggests that they are looking to apply for them. From A1EX's digging, the area they look to be applying for is Volchetundra -

"In relation to the additional 25Moz of PGMs (those resources in addition to the 15Moz contained in the Mochetundra Project and its flanks) it should be noted that there is no guarantee that all these additional 25Moz of resources will prove to be economic or that Eurasia will be granted a licence over all of these 25Moz of PGM resources."

GLA

The 21Moz is in unlicensed areas. E.g They are areas that can be applied for -

"The total amount controlled by Eurasia and under flanks exclusivity right application is c.15Moz of PGM as per the State Cadastre with an additional c. 4Moz also within the 5km exclusivity area.



Further potential resources of c.21Moz in established and unlicensed resources and reserves in the district surrounding the town of Monchegorsk, that is located 8km from Monchetundra."

GLA

What 21Moz in our licensed area?. The current mine plan is for 15Moz, that is MT and the flanks -

"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."

GLA

ordinarilly you would have to sell your shares to cash out, so i get where you're coming from though. Just here, all we have to do to cash out is let the BOD do that for us via the FSP.

If everyone's confident in the BOD, we just have to patiently sit on our hands and wait for our spondoolies to arrive.

GLA

Yes itsallballs, but you're saying until you sell, i'm saying that there isn't that requirement because the BOD are selling, they started the FSP mate. The selling part of the equation has been taken out of our hands if you get what i mean?

GLA

Ah but we don't need to sell here, the BOD, who are investment bankers, are doing the selling for us.
I'm sure they will get themselves, and us, the best sale price available.

GLA

Eurasia have full support from Russia -

"Mining is a critical industry in Russia

• Eurasia participated at PDAC 2020 at the invitation of ROSNEDRA (Russian federal agency for subsoil management) together with Russian Mineral Industry professionals and majors.

• Recognition of importance of mining, and foreign investment into mining in Russia

• Eurasia is a permanent member of Urals Association of gold producers whose role is to work alongside government agencies to optimize legislation and improve the business environment"

GLA

22nd Jul 2020 6:30 pm RNS Holdings in Company - latest RNS i've seen itdoesntmatter.

GLA

To clear up some of these bug stains on deck, we've squashed a few this week. Well done all.

GLA

Good luck ferg, although you don't really need luck here, just patience.

GLA

be out of this at the weekend.

Someone had to ;)

GLA

He would be buried in champagne heading his way lol

GLA

For any bot fly shorters who need them.

GLA

Always just a game of patience here at Eurasia, badda bing, badda boom.

GLA

Strange that isn't it lol

GLA

Nice one A1EX, thanks for sharing.

GLA