Member Info for mac4671

Part of the ROFR sale agreement could be to demonstrate the ability to gain 100% of a Rosgeo JV asset prior to selling it on, once the first one (NYUD) is done, any buyer would be more confident in securing further assets under the same ROFR terms.

If, as i currently think, that Norilsk are moving as part of a consortium, they will want everything to be able to move across as smoothly as possible. Moving in tandem with their development and expansion plans for the area. That would require a relevant ROFR in place to allow the consortium to buy further assets when they are JORC ready.

That is a for sale scenario theory, there is of course a possibility that Eurasia may take some parts to production themselves. Both paths require the JORC's to be done, one path for maximum sale value, the other for transparency of resources prior to any production.

GLA

I'm almost certain that some people think i just make things up whenever i don't provide a relevant link lol

Hope you're all having a great weekend!

GLA

No Parttimer, it is also a requirement for Norilsk -

"5 Apr 2021 — The 2020 annual report of PJSC "MMC "Norilsk Nickel" incorporates the ... Data on mineral resources and ore reserves are based on the JORC"

https://www.nornickel.com/upload/iblock/320/2020_annual_report_190521.pdf

They changed to JORC some years back, as i stated, for transparency purposes. Taking assets on after JORC will clearly be far easier for them and allow Eurasia to gain, as you've rightly highlighted, 100% and FULL value for any Rosgeo JV asset if they are to be sold under a ROFR agreement!

GLA

Simply because Norilsk JORC their own resources for transparency Parttimer, it saves a whole load of hassle and removes any exploration risk.

From a sellers side, feasibility studies need to be done for maximum value. It's what they've been doing at Rosgeo JV assets like NYUD for example, they have 11 months left of the original 24 they were given to appraise the assets and decide which ones to take on. NYUD was clearly first choice, hence why they paid for it as per relevant RNS.

Some habe open pits in place and require little work, others don't and require significantly more work. I presume that's why the 2 year window was given.

GLA

Indeed Bumble, could, i think most appreciate the theory given how long past the FSP ending we have arrived at.

The sale has to come to an end at some point, NYUD not going to Rosgeo of late and it instead heading now to Eurasia, could well be what we've all been waiting on happening prior to some juicy news release.

It isn't a young sale process, this has went on for a very long time at this stage, what extra goodies did the buyers want? You find a good pie, you often take more than one slice!

GLA

We'll get all figures in RNS shortly lovelyboy.

The NYUD license part found by Richard on twitter could also point to sale things being timed for the AGM -

https://twitter.com/RichardDugdale3/status/1518959851170320385?s=20&t=_RhkQcvmNc5JNNw9Pw387Q

NYUD could be going to a buyer as first part of a larger ROFR agreement which would cover other Rosgeo JV assets. If Norilsk is the buyer, or, part of a consortium move, they will want to ensure that they can gain as many of the assets when JORC ready as they can get a hold of imho.
With the amount of planned construction work at Monchegorsk by Norilsk, they must surely be involved in a large way with the development of the district there, all indicators currently point that way imho

GLA

Just having some fun myself also CAW, i was buying a lot of these at around a quarter of a penny at one point, it's an easy waiting game for me. I appreciate others got in much later and at higher prices however, so, the sale is what they're clinging on to for obvious reasons.

It will all come good in the end, all that was ever needed here was time!

GLA

The sale could be done for the AGM, a special resolution to cover such things perhaps. Has anyone though about that, it could all be timed for the AGM, which would allow any buyer good time to get to work at Monchetundra with the more favourable weather conditions in place and get a lot done this year over there.

It's like everything else here, we'll just have to wait and see exactly how it all pans out.

Two draglines also at WK and starting the season with far better financials will see and even better season there this year, i don't think anyone can try and say otherwise. Satellite imagery is showing us all that they're going hammer and tong there again, the area has expanded rapidly of late.

GLA

PostmanPorsche, will be a while from here, but, they're making progress. Profit is profit at the end of the day, i remember CAW saying something about Monchetundra subs being for licenses, when, they were trading arms being set up. People get some things wrong, no one is perfect CAW lol

GLA

By the way, from historical geological data, there are potentially quite a few areas at WK which may have Rhodium bonanza style areas. Their exploration will have shown them so much, but, the real treats usually arrive when in production at a good scale like last season. Every season going forward they will have a rock solid plan for WK, expansion and targeting the rich areas will always be at the fore.

GLA

That's what happens with HIGH RHODIUM prices, i did say that they had appeared to have hit a Rhodium bonanza area . . . . . .

What a pleasant bank holiday weekend this is turning out to be!

GLA

Indeed Mjd2020, as the figures highlight clearly, Nickel is the main metal in a battery. It's what makes the Monchegorsk district quite critical to the entire change to EV's and FCEV's.

Norilsk Kola facility is central to the Monchegorsk district, either moving themselves, or, part of a larger consortium. Murmansk/Kola will be turned in to the green metals district of Russia, that's very clear at this stage!

GLA

The AGM draws closer all of the time!

While we wait, beautiful PGM and Gold nuggets will be flying off the West Kytlym production lines!

Have a great weekend all!

GLA

"EUA doesn't need to wait to demonstrate every single Rosgeo licence (9 battery metals projects) in hand before selling:" - Yes, but, they want maximum value as stated several times in RNS. That entails JORC and taking all to feasibility to gain maximum value, anything less is just cutting yourself short.

GLA

When you know, topping up is all that is left when the SP is low!

Everything will arrive in time, we've had one tiny snippet of what is there in the form of a NPV, one tiny little snippet of the district there.

GLA

Potentially Shares_To_Buy. If they're the buyer, or, part of a consortium move to secure the assets, then they will secure and take it all to production in tandem with what they already have planned at Monchegorsk. It makes the most sense that NN are directly involved with all of this tbh, they're spending a lot of money in Murmansk at the minute and there is a big focus for them at Monchegorsk currently.

The conflict won't stop the sale either as Norilsk won't be worried about something circa 2,600+km away. They'll simply acquire and take it to production in tandem with their wider plans for the area.

GLA

"Enabling the transition to a greener World"

SALES
AND DISTRIBUTION

NORMETIMPEX
(100%)
Metal Trade Overseas SA
(Switzerland, 100%)
Norilsk Nickel (Asia) Limited
(Hong Kong, 100%)
Norilsk Nickel USA Inc.
(USA, 100%)
Norilsk Nickel Metals Trading
(Shanghai) Co.,

https://www.nornickel.com/upload/iblock/305/2020_annual_report_of_nornickel.pdf

GLA

Some already know this, but, for those that don't, both Sopcha and Nyud are right next to NN's area at Monchegorsk. Both areas are heading Eurasia's way via the Rosgeo JV -

2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080

5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232 - Currently in the process of gaining the license.

https://www.google.com/maps/place/Monchegorsk,+Murmansk+Oblast,+Russia/@67.9047268,32.8323951,11314m/data=!3m1!1e3!4m5!3m4!1s0x4431761ebd85e72b:0xdbf5f7a54ca1b697!8m2!3d67.943134!4d32.8919562

It can't get any clearer as to what major is going to be involved imho. There's a lot of things you can hide, industrial size construction plans are not one of the things you can hide from the savvy.

GLA

They're getting ready for something big there, currently just released as a Copper operation, but, anyone who has done any decent amount of research knows what Monchegorsk used to be known for, Copper and Nickel mining. It is as clear as day that they're getting ready for the assets Eurasia have coming online in the not so distant future -

"The projects will be implemented in 2023, before the start of construction of a new production facility. The checkpoint will be equipped with a CCTV system and an integrated security system,” said Vitaly Pashkov."

https://kn51.ru/2022/04/28/na-monchegorskoj-ploshhadke-kolskoj-gmk-poyavitsya-dopolnitelnyj-kontrolno-propusknoj-punkt/

The link was found and shared by MRBAgency -

https://twitter.com/MRBAgency/status/1519630310832582656?s=20&t=3yrBm6Rj0TPprXGTn6e-9g

GLA

RNS will come, they always do on the run up to the AGM.

If NYUD license is currently making its way to Eurasia, then we could all be in for a large and very positive RNS in the short term. From what Richard found and shared on twitter, it does look like NYUD is heading Eurasia's way.

Production has clearly started at WK also, so, some news about draglines and their plans for this season there should also possibly arrive.

GLA