Member Info for Professor1

Please also see attached article on huge demand for the PMG metals for fuel cell vehicles.

https://moneyweek.com/507382/platinum-palladium-or-rhodium-which-is-the-metal-of-the-future

Another link I could not attach - covering article by Chief Director Precious Metals Specialist, Japan Bullion Market Association stated- " During his visit at the United Nations, Shinzo Abe, Japan's Prime Minister, mentioned Japan's policy towards the next generation vehicle. He said the government hoped to use 100% renewable energy to create hydrogen in Fukushima. He also stated that the government would make a strong effort to promote FCV as a first choice after gasoline and diesel engines. An FCV uses almost 10 times more platinum within a catalyst than a diesel engine ".

EUA sale price now £3 per share and no less. GLA

Dear all

Please see attached press release (dated 14/9/2020) link on the US patent filed to accelerate next generation of Lithium Air batteries using palladium and platinum.

It is very possible that Tesla has something up their sleeve covering platinum group metals.

http://www.platinumgroupmetals.net/investor-relations/news/press-releases/press-releases-details/2020/Anglo-American-Platinum-and-Platinum-Group-Metals-Ltd.-Subsidiary-Lion-Battery-Technologies-Granted-US-Patent/default.aspx

Mjd2020
And this bodes really well with OMI I think where I am also invested.

Mjd2020 - precisely.

100g per T

Thanks for that Fastjet

I am in EUA as well as OMI. I think both are excellent and Omi has only 160 million shares in issue and the farm in agreement with Newmont. Anyone interested in Omi then they have latest presentation on co site. ( Notice drill holes include 30g per T to over 100 per T)

Dale, same here. This is looking good and I intend to build my position here

Thanks Bhargav, Degsy

It is indeed looking very good from here. For Newmont to continue into this new phase, I believe the remaining permit issue may just be an admin one. If you consider the intervening land area between the targets and if that shows up excellent grades as the targets have shown then what you will have is the strike length increasing to 8/ 9 kms from 2.5 kms. The overall tonnage becomes mind boggling. I would love to put some figures to this.

https://www.mckinsey.com/industries/metals-and-mining/our-insights/covid-19s-impact-on-the-global-gold-industry-implications-for-the-next-normal-and-beyond

First post and invested here.
Interesting read from McKinsey

https://www.mckinsey.com/industries/metals-and-mining/our-insights/covid-19s-impact-on-the-global-gold-industry-implications-for-the-next-normal-and-beyond

https://www.mckinsey.com/industries/metals-and-mining/our-insights/covid-19s-impact-on-the-global-gold-industry-implications-for-the-next-normal-and-beyond

ONE LAST OPPORTUNITY TO TOP UP

A quick question to all if I may please and sorry if you think this sounds a stupid question:

1) Am I correct that on full sale of the company, the Board has to put this and make recommendation to the shareholders?

2) If so, could it be that a bid from an offeror company has already been received which EUA are happy with but so as to avoid any potential conflict of interest or breach of director's duty arising that the Board changes are a must before (1) can take place

in terms of who is leading the Newco on EUA side?

Calamari.
Perhaps this is a better way for EUA to get value out. And, this may be a stupid question but the Board re- shuffle is precisely what the potential bidders want?
Thanks

Hi Calamari

So in essence, what we could be doing is forming a Newco, park the MT assets there. This Newco, because its so huge and therefore not affordable by one bidder, then could have us holding say 1/3 and the 2/3 sold to say 2 (or more) other consortium companies?
Thanks

EXCELLENT NEWS. A STEP CLOSER TO BEING FULLY ACQUIRED BY A MAJOR GROUP.

AISC affects the bottom line results. The AISC in colombia in 2019 was US $878 per ounce for Gran Colombia Gold with an underground mine. Newcrest's Telfer in Australia had $1281 per ounce for FY20 per my research. A difference of $400 per ounce in AISC. To put things into perspective, with gold price of $1950 per ounce, a 5m ounce find in colombia with above mentioned AISC in Colombia could contribute to $5.6 billion to the bottom line. Based on telfer's AISC in Australia, I think to achieve the same bottom line result, you would need to find 8.3m ounces.

DYOR

CONTINUED ....

" Marigold is a large run-of-mine operation. After blasting the ore, it doesn’t need to be crushed or ground and can go directly onto the leach pad which significantly reduces costs. In the third quarter Marigold reported an AISC of $965/oz, after realizing a gold price of $1,207/oz.

Strip ratio
The strip ratio is the amount of waste rock, or overburden, that must be removed in order to get to the mineralized rock (ore). The strip ratio is calculated by dividing the thickness of the overburden by ore thickness. Eg. if the overburden is 100m thick and the ore is 50m, the strip ratio is 2:1. The lower a strip ratio, the more profitable the mine will be, since less material needs to be moved.

High-grade gold contained in narrow veins that snake through the rock can only be mined by excavating shafts and hoisting the ore to surface via low tunnels (drifts). This process is expensive, because digging deep requires a lot of material to be removed around the veins so that the mining equipment can access them. Consider a typical quartz vein that is 0.5 meters wide. At minimum another meter must be added to the vein to mine it. The width is now 1.5m. But logistically, in order to drill, blast, and muck the ore, the vein width must be stretched to 3m. This means the deposit, first estimated at 10 g/t, is now only 5 g/t because the gold has been “diluted” by the waste rock. Dilution can drastically affect the economics of mining the deposit. Rock that was originally estimated at $420 a tonne is now worth $210/t – cutting the internal rate of return (IRR) and the net present value (NPV) in half.

Underground mining is highly sensitive to gold prices, considering the high operational costs. "

OMI HAS THE ADVANTAGES

Was unable to copy the link from mining.com hence an extract from their site worth noting.

" Cost factors
Production numbers from gold mines are meaningless if costs aren’t given. Investors need to understand some of the factors that go into gold mining costs, so they are able to ask the right questions and break down these costs, in order to dive deeper into the total AISC that is usually given. These include: depth of deposit; strip ratio; open pit vs underground; labor; infrastructure; and recovery method.

Open pit vs underground
Of utmost importance to the cost of extracting gold is where the gold lies within a deposit. A deposit of disseminated gold (small particles of gold distributed throughout the rock) close to surface will be open-pit mined, while gold found in often-thin veins hundreds of meters below surface is mined using underground methods. There are many more low-grade gold deposits than high-grade. For every 2.5 grams per tonne (g/t) gold deposit, Mother Nature forms another 10 deposits around 1 g/t. Generally speaking, one gram per tonne works for open-pit mines, but underground gold mines require at least 2.5 g/t to be economic.

Open-pit mining is either done with a fleet of haul trucks (some now automated) or an in-pit crushing and conveying system (IPCC). Underground mines are accessed via a shaft or ramp. Miners extract the ore through various methods using specialized equipment that operate in narrow, dark tunnels. Two of the deepest (and hottest) mines in the world are in South Africa: East Rand and TauTona.

Depth of deposit
The most famous of the world’s shallow deposits is the Carlin Trend in Nevada. Here microscopic gold is found in almost every rock. The gold is low-grade (under one gram per tonne) but plentiful. Between 1835 and 2008 a whopping 152 million ounces was pulled from the Carlin Trend and other gold trends in Nevada, including Cortez and Walker Lane, mostly through open-pit mining. Some Nevada pits are now depleted and have moved underground. The technique of heap leaching – wherein mining companies pile ore onto large piles and irrigate them with leachate – originated in Nevada where near surface ore is oxidized. The leachate percolates through the ore, thereby dissolving the gold. While heap leaching for metals has been known about for hundreds of years, it wasn’t until 1969 that the first gold and silver heap leap operation began at Cortez in Nevada. Barrick Nevada’s Cortez property is still going, with ore drawn from the Pipeline complex open pit, and Cortez Hills, a combination underground/ open pit mine.

Heap leaching technology was a major breakthrough because it significantly reduced gold recovery costs (versus traditional cyanide leaching – see section below on gold recovery costs) for low-grade but high-tonnage “Carlin deposits” such as those found in Nevada. An example of a low-cost, high-margin Nevada producer is the Marigold Mine. Owned by SSR Mining (TSX:SSRM), Marigold stand