RE: WK asset revenue stream to eurasia08 Aug 2020 01:04
I know for a fact Eurasia have kept a lid on things, deliberately. In Dec 2018 they said The Monchetundra Project, with an in-situ total reserve and resource value of approximately US$2.1 billion (an internal calculation based on London Metal Exchange November 2018 spot metal prices, and prepared for guidance only) is now licensed to mine and can continue to the construction phase. The price of palladium was $1000oz and most of the other metals were a lot cheaper. Most companies would be screaming their new inferred valuation from the rooftops, Eurasia…………….silence and that doesn’t take into account any of the other licenses or WK or the tailings project
RE: WK asset revenue stream to eurasia08 Aug 2020 00:49
True Money, when you go back far enough into the RNS's it was all platinum at MT, palladium was an after thought.
Like I said earlier today, if you track the journey of Eurasia to the present day you could write a book on it.
30's area heavily mined for nickel and copper 90's investigated for PGM's, no one could make sense of the geology Early 2000's Norilsk make sense of it all, arse falls out of the PGM market In steps Eurasia, if they are lucky they may wipe their face Anglo American wade in and throw a ton of money at WK, MT then walk away almost giving it away Eurasia sit tight and play the longer game, then 2016, palladium which had been on its arse forever started to climb You really couldnt make it up
RE: WK asset revenue stream to eurasia08 Aug 2020 00:40
I would just like to say there are plenty of people here that provide valuable research/information to this board. For some reason my name is the one that’s currently popular lol. Over the weekend I will make an announcement for people to be more widespread with their best wishes and thanks
RE: WK asset revenue stream to eurasia07 Aug 2020 22:51
I agree MrY cheap open pit mining is where the real value comes from, added to that it appears mined results are much better than reserve estimates (at WK 3 to 5). That said some value will be given to the lower zone, I dont see it being thrown in for nothing
As for the other point Mac we will have to agree to disagree
RE: WK asset revenue stream to eurasia07 Aug 2020 22:41
The below list of resources has been compiled by the Murmansk Geological Archive and represents the current database of resources in the immediate area of the Monchetundra production license.
This information contained in the Russian Cadastre has not been independently verified by Eurasia and it is therefore provided for guidance purposes only.
The Company would need to verify the data in the Russian Cadastre through additional work and drilling if it was to incorporate the data into the defined resources of the Company (as required by the relevant mining standards and the AIM rules). The Company may undertake such work as and when it is deemed necessary and in any event if it determines to progress with expanding the operations of the Company; building upon the data sets already established by previous workers.
To summarise, as per the information from the Russian Cadastre:
· there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;
· additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and
· additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.
The telling sentece is this one
in the immediate area of the Monchetundra production license.
RE: WK asset revenue stream to eurasia07 Aug 2020 22:33
Not really what I was talking about but I do get your point ref provable/probable etc
Regarding the lower zone, 1 deep hole has been drilled M1 and other others where the zone comes near the surface. It may be possible to test this zone by way of modern technology. I believe these new gadgets send out very powerful waves that actually measure all the resource levels. If the lower zone could be reached by way of previously drilled boreholes we are in busienss.