Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
The full article explains they wont be fully built and delivered until April.
Maybe Mac is correct as delivery is a slow process clearly.
They may have agreed a deal for part, some months ago, then ordered the machines.
ftsedow
Thats the point surely.
PGM s are here, now and so much the future.
I have said before, its not about can they afford it, its can they afford not to be the dominant player.
At what cost ?
Well we shall see, but it s not going to be cheap, thats for sure.
Circa 10 Billion USD
Keep saying it and it will happen.
Tricky 57
Crabby
I totally agree.
Anyone that may be doubting either a possible sale, or a lowball price, needs to re watch that interview and take on board exactly what he said, and that was back then.
Things have moved on a long way since then, and at that point he was uber confident, god knows how he is/ they are feeling right now.
Probably as frustrated as the pi s but at least they know ballpark whats coming.
I think it will be mega as Mac keeps saying.
Good on you Mac
Keep positivity everyone.
SALE OF THE CENTURY INCOMING GUYS AND GIRLS.
Tricky 57
Crabby08
You posted this
RE: Mm’s reading thisToday 16:56
No need to ramp. Watch the Dmitry interview from October 2019, it’s playing out exactly as Dmitry said it would.
https://youtu.be/d_YMY6yiMDE
Really interesting to see Dimitrys reaction at 27.55 seconds, re a disclaimer of "No sale guaranteed"
He says its standard and shakes his head, the only real movement in the whole interview.
I believe he knew full well even back then.
Tricky 57
As with any other tax though, what you realise in 20/21 you will pay in 2022 I believe.
I stand to be corrected but believe it to be so.
I only started with shares in 2020 so not been through the process as yet.
GLA
Lets hope it s this week
Any income you earn in a taxable brokerage account is taxed when the income is realized. ... Many people falsely believe that any gains or income earned in a taxable brokerage account are not taxable until withdrawn, but that isn't the case. You'll pay taxes on brokerage account income in the tax year you earn it.
I stand corrected 91
Cheers
AS EUA is Listed on the london Stock Exchange, I would expect for an bid to come in GBP and not USD.
As the Pound is weak against the Dollar, currently 73p, any fluctuation would create uncertainty.
Therefore offers should be made in GBP and not USD I would think.
Tricky 57
M135i
I was only married for 2.5 years.
She is a gorgeous looking woman with a fantastic figure, just turned out to be a control freak sadly.(Amogst other issues)
So better off on my own, 3 grown up kids and a 2 year old grandson, epic.
Life is to be lived and boy am I going to live it !!
Tricky 57
Tricky57 Premium Member
Posted in: EUA
Posts: 190
Price: 27.90
Strong Buy
RE: The Biggest Deal In AIM History is coming !!!!06 Feb 2021 13:56
From Wikapedia
Mining
Bushveld Igneous Complex Mines
The area has many different ore deposits, but mostly with a focus on PGEs (primarily platinum and palladium), vanadium, iron (generally from magnetite), chromium, uranium, tin, ...[7] There are multiple major mining companies that are heavily involved within this area, particularly AngloAmerican, African Rainbow Minerals, Impala Platinum, Northam Platinum Ltd., Lonmin plc, and more recently Bushveld Minerals. It has been reported that more than 20 billion metric tons of PGE ore rock has been indicated in South Africa by the different exploration and mining companies of which contains about 38.1 kilotons of platinum metal in mineral reserves and resources in the Bushveld. The sum of PGEs and Gold resources and reserves equates to a total of about 72 kilotons from the Bushveld Complex alone.[20] Most are underground mines (such as Longhole Stoping, Drift-and-Fill mining, etc.[28]), fewer are open pit like the large Mogalakwena mine.[29]
Hopefully we are the little brother.
Another re post
Well worth a read
Tricky 57
Posted in: EUA
Posts: 190
Price: 27.90
No Opinion
RE: The Biggest Deal In AIM History is coming !!!!05 Feb 2021 18:20
Positive DFS Advances Waterberg Project
December 2019 | Africa
Platinum Group Metals Ltd. has announced positive results from an independent definitive feasibility study (DFS) of the Waterberg palladium-platinum-gold-rhodium (4E) project on the Northern Limb of the Bushveld Complex in South Africa.
The project is a joint venture between Platinum Group (37.05%), Impala Platinum (Implats) (15%), JOGMEC (Japan Oil, Gas and Metals National Corp.) (12.95%), Hanwa Co. (9.75%), and Black Economic Empowerment (BEE) partner Mnombo Wethu Consultants (26%). Platinum Group has a 49.90% interest in Mnombo, yielding the company an effective 50.02% interest in the joint venture.
The Waterberg DFS calls for steady-state 4E production of 420,000 ounces per year (oz/y), plus byproduct copper and nickel. Project capital requirements are estimated at approximately $874 million, including $87 million in contingencies. Life-of-mine average cash costs, inclusive of by-product credits and smelter discounts, under a spot metal price scenario equate to $640/4E oz.
The Waterberg DFS timeline anticipates that a formal construction decision will be taken following the granting of the Mining Right, expected in the first quarter of 2020, with first production 3.5 years later.
The deposit starts 140 meters (m) from surface. The planned decline access provides for rapid and low-cost access to the orebody. Under the DFS mine plan, first production is estimated to occur in late 2023, with ramp-up to steady state by 2027. Mine life based on current mineral reserves extends to 2066.
Current proven and probable mineral reserves stand at 187 million metric tons (mt) at a grade of 3.24 grams/mt 4E for 19.5 million 4E oz, using a 2.5 g/mt 4E cut-off. Measured and indicated mineral resources total 242 million mt at 3.38 g/mt 4E for 26.4 million 4E oz. The deposit remains open on strike to the north.
The DFS mine plan models production at 4.8 million mt/y of ore and 420,000 4E oz/y in concentrate. The mine initially accesses the orebody using two sets of twin decline tunnels, with mining by fully mechanized long-hole stoping methods and paste backfill. Paste backfill allows for a high mining extraction ratio as mining can be completed next to backfilled stopes without leaving internal pillars.
Maintaining safety and reliability were key mine design criteria. As a result of the scale of the orebody, bulk mining on 20- to 40-m sublevels with large underground equipment and conveyors for ore and waste transport provides high efficiency.
The Waterberg DFS was by completed Stantec Consulting International LLC and DRA Projects SA (Pty) Ltd., along with a large team of specialists.
Re post from the other day