Member Info for mac4671

Yes Rowka, this could get very interesting. There is Nickel and Cobalt at Monchetundra as well. Cobalt sources are rare, away from south african places which use child labour.

Could we now be looking at a Russian Conglomerate vs Chinese Conglomerate vs U.S Conglomerate?
That could lead to some insane competition.

Obviously the industry doesn't know about anglos battery JV project. Even the ipmi had no idea when i asked about it during their online presentation.

GLA

Exactly what i was thinking GFD. If they're going to role with those next gen batteries, then i know what my next car will be.

GLA

Likes Palladium -

https://electrek.co/2020/07/21/tesla-secret-project-palladium-new-model-s-model-x/?fbclid=IwAR2PLlclEqIh1CDE5LsQUcDbOsio_Y9nErBr43bHGqCsvVwiO86Z2ZTI31U

This could get interesting.

I wonder. . . . .

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!

GLA

Hopefully a sign of things to come.

GLA

Most definitely a far greater value asset GFD. Like you say, they seem to just print it off for fun these days.

It's just good to watch, platinum and gold motoring along nicely as well.

GLA

Still climbing nicely today. Al beneficial to our basket here -

https://www.apmex.com/platinum-price

GLA

You're very welcome EE, and yes, the interviews he does shows you the level of confidence he has with all of this.

He has also mentioned Rhodium quite a lot in interviews as well, which has me wondering if they found a Rhodium rich section during their exploration that there is very little public data about.
Any buyer would have access to that data however, so if it adds value, it can only be good for us shareholders.

GLA

Ethioethio, yes, it has been removed, as per the FSP RNS -

"The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the Takeover Code such that any interested party participating in the formal sale process will not be required to be publicly identified as a result of this announcement and will not be subject to the 28 day deadline referred to in Rule 2.6(a) of the Takeover Code for so long as it is participating in the formal sale process. Following this announcement, the Company is now considered to be in an "offer period" as defined in the Takeover Code, and the dealing disclosure requirements listed below will apply."

The bidding way take, was my exact response when i first read it EE. Take as much time as you like gents/ladies, but please do step forward with your very best bid.

GLA

There isn't one, the PUSU has been removed. The benefits of doing so are explained in this tweet -

https://twitter.com/like_mines/status/1283887285910614017?s=20

Ordinarily, it would be 28 days, 28 working days, which would have taken the deadline to close of play Aug 7th. But there isn't one in this FSP. Removing It, creates a more relaxed environment for potential bidders, and more time for them to get their best bid together.

GLA

No idea where you've got those kg figures from, but you can work out ounces from KG can't you Money?

"Global, state approved Reserves and Resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes ("t") (1.9 million ounces) palladium equivalent (palladium and platinum) with major additional gold and base metal credits, at two open pittable locations."

Just simply doing a ounce to KG calculation will show you that your quoted total of 33000kg just doesn't add up.

GLA

Money getting back in lol

GLA

"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."

Just in case anyone is confused as to what Eurasia have direct rights over in that area.

There's also WK, with Tipil, that area grows to 117km2, a huge area and it's already in production churning out PGMs and gold.

GLA

You can also do what Rowka has done, and confirm it all yourself by running over the historical geological data for the area.
There is no ramping required, it's an area with data going back to the 1930s lol

GLA

It's pretty obvious Wolster, he's been trying to talk this down for a while now.

+ gold, nickel, copper, cobalt. I'm sure the whole list of goodies will be in 'for sale brochure', both the open pit resource quoted zone, and the underground zone they confirmed during exploration. All very much there for any potential buyer to see.

GLA

Not just the rhodium -

"palladium, platinum, rhodium, iridium and gold"

Please, take all the time you need.

GLA

You seem very confused money, please do explain to me how they account for the rhodium content for example.

GLA

Oh yes, the palladium price is ticking up nicely -

https://www.apmex.com/palladium-price

GLA

Yes money, you didn't know, i quote -

"That’s actually an example of the crazy valuations I was talking about. That is valuing the project off projected revenue, not earnings. Plus it’s not taking into account to 2:1 ratio of Pd:Pt. Companies looking into MT or EUA in general will be looking at average and projected prices. Being super optimistic and assuming they were to work off an average of the $2000/oz, you then need to knock if your costs. Without looking the AISC was around $400/oz due to sales in dollars and not local currency. Obviously initial costs will be significantly higher but we’ll work optimistically. So you’ve now got 10m x $1600 to account for Pd and Au, plus 5m x $400 for Pt. You have got copper and nickel too which without looking I’m sure came to an additional $1b."

So please stop, thank you.

GLA

They will mop up whatever they can grab at this level, every chance they get.

GLA

Money, no offence, but you didn't even know what a palladium equivalent resource was yesterday, so forgive me when i don't believe in any of your calls that you claim to habe called, that have not even materialised.

Slight sp fluctuation that is all.

GLA