RE: Arctic miners get financing for one of world's biggest palladium projects9 Jun 2021 11:53
Thanks for this CAW1.
This is very interesting to compare with EUA:
The Chernogorskoye field:
The project includes the building of a ore processing plant with 7 million tons capacity per year.
Putin applauded as Bazhaev explained how his company intends to produce an annual 120 tons of palladium at the company’s two license areas in the Taymyr Peninsula.
Ore reserves are estimated to 770 million tons and the production period stretches 55 years into the future.
It took another 1,5 years before the project got the financing needed for development.
Think about that last statement!!! 1.5 years to get finance in place.
So, our EUA projects, where clearly the Russian state is also involved, is very much still well within reasonable ti me frame. Regardless of what all the green boxes keep spouting!
Illegitimi non carborundum!!
MS