Reminder17 Feb 2020 06:14
Post from the chinaman on iii I’m sure he won’t me pasting on here see below
For those new to EUA and wondering what all the fuss is about, it would be easy to focus on the rising price of palladium and the fact EUA (to put it very crudely) has a lot of it, 2-15m ozs in fact, at Monchetundra alone. Nor must one overlook the location ie near a jigsaw of other producers (eg Norilisk), plant and logistical networks (Road, rail and power) or the fact the mining is straightforward ie shallow, surface mining rather than capex-hungry deep mining a la South Africa. Of course, that EUA already has a producing platinum mine at West Kytlim (the second largest alluvial mine in the world), and a tailings project at Semenovsky with a few hundred tons worth of gold are additional ‘distractions’... But is this the real reason why EUA is worth the whistle? I’d say not cos whether the price of Pd goes up or down “its the politics, stupid�. This is really about geopolitical moves on a very big chess board. Russia has been pushed / chosen to look East and has the ‘currency’ to do so with confidence, that being its mineral wealth. At the same time China is continuing in its quest to safeguard its manufacturing engine room by building its mineral empire in Africa, Australia and ...Russia. It is the strategic importance of palladium that I believe will maintain potential buyers’ interest in EUA and it will be this driver that will ensure an exciting and profitable denouement for those holding shares