RE: Monchetundra TEO and FS27 Nov 2022 10:06
Lenoman
What do you think this is telling you?
"The TEO document, considered equivalent to a Feasibility Study, describes the economic extraction of the Reserves identified at two open pit targets on Eurasia's 80 per cent owned Monchetundra License."
Nowhere does Eurasia specifically state they have completed, submitted and received approval from any Russian body for a TEO. You are invested in a company that's spent the last several years cleverly employing language that always implies but never specifically states much if anything at all.
The way they word their RNS's I believe its called plausible deniability. The fiction being perpetuated by the Telegram group and people like you who prefer to see what they need to see to maintain the fantasy. The BOD, on the other hand, can deny ever claiming a TEO has been completed, submitted and approved since they never claim anywhere otherwise.
Add to that the claim of 1.54% in the C1 category and 98.46% in C2. That was the status of the deposit at Monchetundra several years ago and nothing has been done to improve on that since. Just to remind you what C2 is:-
"Category C2:- These reserves are based on an extremely loose exploration grid, with little data. The limits of the orebody are defined mainly by extrapolation within known geological structures, and from comparison with other similar deposits in the vicinity. The grade and mineral properties of the orebody are determined from core samples and comparison with similar mineral deposits in the area. The reserves have been extrapolated from limited data, sometimes only a single hole. This category includes reserves that are adjoining A, B, and C1 reserves in the same deposit."
Given the significance of a TEO if they had one they'd be shouting about it from the roof tops. As of today they aren't because they don't.
TDT
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