RE: WK18 Jan 2024 18:18
· The DFS as submitted and now approved is not the Company's mine plan but allows for mining at several open pits concurrently.
· Several seasons of operational data have allowed reclassification of reserves and resources such that all of the reserves are now in B, C1 and C2 categories (i.e. ready for mining).
· The total mineable reserves B+C1+C2 are 4,477kg (of which over 65% are B and C1 categories) raw PGM (inclusive of platinum, palladium, iridium, rhodium and gold reserves and not including any resources, please see the further information on the reserves below).
· Operational data has now demonstrated exploration data to be understated both in terms of grade and dimensions of ore bodies. The total difference calculated against three years of operational data stands at 43% (i.e. the minable reserves calculated to 4,477kg raw PGM may, based on operational data, finally contain 6,402kg Raw PGM).
The last bullet above confirms the prudent and conservative approach to the minable reserves estimation by Eurasia.
Mr YF Why did you not refer to the above in your post?
Why did you not mention the extremely low AISC?
Why did you not mention the prospects for Tipil and the WK flanks?
Why did you not mention the nowadays all-important Green credentials?
Why did you not mention that this is or will be the largest alluvial mining company in the world?
Buyers can read all of the RNS, have done so and they are the ones that count - I’m afraid you don’t count in their company, Mr YF. Run away and hide. Topic concluded