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My thoughts on sp is that 6p is a gift which PI should snap up.

HZM have come through one of the greatest hurdles a junior miner faces and that is getting the funding to develop the Araguaia mine. The company has two world class Nickel projects Araguaia and Vermelho, with Tin and Cobalt as a bonus.

The purchase of 2nd hand equipment for expansion phase of Araguaia is very positive and will bring capex costs down which in combination with the headroom HAM has from the finance package, goes a long way to mitigate potential construction overspend risks.

As Araguaia construction moves ahead and resource / mining plans firmed up at Vermelho, I fully expect the sp to rerate significantly from current levels.

Maybe another bid or a strategic relationship where a cash rich party
a) Takes a large equity stake or % directly in the project in return for funding.
b) Signs onto a large offtake arrangement in return for development financing

Could also be combination of bid and strategic relationship

Remember that Russian Christmas is on 7 January. In Russia all are working until end December, so possibly work is being done right now.

NKT is 50% Nickel and similarly Nyad was also a previous Nickel mining operation.

Eurasia is repositioning itself as not only a PGM resource but a more diversified battery metals miner.

Interesting times ahead

My thoughts on it, sp very undervalued owing to this being Russia. If the resources were in Canada or Australia I feel company would have been bought out a long time ago at a multiple of todays market cap.

The good thing is that it is not only US and Europe that buy these assets. The Russians themselves, the Chinese and yes even Japanese badly need these resources and they could not give a s*** about the wests sanctions.

There have been sanctions around for years - what has this done to the profits of Norilsk Nickel? Nothing!

Great news this morning and this adds to the already positive news on MT mining plan. We can expect allot more information flow and definitely we are talking tier 1 assets.

On another matter I want to stress the importance of the ERDC agreement. One of the major risks in Russia and East Europe in general are challenges against ownership rights and ERDC agreement provides considerably more certainty to any party interested in acquiring property or licences over properties. Follow the link below
https://www.asktraders.com/analysis/eurasia-mining-shares-volatile-on-strategic-considerations/

We can get a glimpse of where EUA is going on this - PGM for existing catalysts and then replacement demand from fuel cells and Green Hydrogen. Nickel for EV batteries. Looks like a perfect fit for NN as these are the two metals most important to them.

https://www.neimagazine.com/news/newsrosatom-plans-hydrogen-production-at-kola-nuclear-power-plant-9162321

https://www.arabnews.com/node/1986816/business-economy

Know anyone who has PGM needed for the electrolysis?

Yes for sure, I have bought into this significant upside potential with an investment that is at least for me rather significant.
We cannot really say it is de-risked however;
1. This is Russia so in the eyes of investors from Europe/US etc there is huge risk. I play down the Russian risk factor and have worked on huge projects in the country. There are worse places in the EU to do business.
2. The MT mines are not yet financed nor constructed so again significant risk there .
3. Rosgeo JV is at its infancy and the list could go on but pointless

Clear that if these risks were not there we would be talking maybe a market cap of a few £ billion. There is the opportunity, but for sure there are risks

Sure, but none of this is going to drive the sp. We need deals on the table not resources in the ground and here is the risk. I am taking the risk that the deals will come.

Funny how pi are abusing each other here, depending on their views on the sp. I will say it very directly, we pi do not know jack **** about the actual situation , where the sp will go, if this will be a big multi-bagger from these levels or it all goes pear shaped.

I talk about my own situation, I am taking a rather significant risk that Green Hydrogen is going to kick off big time, key players are looking to secure PGM supplies now and that EUA will either be bought at a multiple of todays sp or there will be massive strategic agreements that will similarly drive value, be it over a longer time horizon. None of this may happen though.

There is also nothing wrong with selling out and cashing profits. How many times I have kicked myself for not doing this timely enough.

The only reality I know is that things will take their course and pi can do absolutely nothing to influence that. As a pi one can stay for the ride, however it may end, or jump off when they feel is the right time. There is no need to be rude or put down other investors views

For a reminder on what is happening between Russia and Japan, follow the link below. In my assessment Eurasia is part of this and it is much wider than just mining for PGM, but rather to be part of a vertically integrated supply chain to deliver Green Hydrogen to resource starved Japan.

The value in Eurasia can be unlocked through a sale or alternatively a strategic vertically integrated partnership. Patience is needed.



https://www.reuters.com/business/environment/japan-russia-cooperate-hydrogen-ammonia-fight-climate-change-2021-09-02/

You know a billionaire clairvoyant? I don't so suspect they cannot tell the future!

Many are asking that the company stop holding back on information but what they don't realise is that if they are in a sale process with a serious buyer, there will be very strict non disclosure arrangements agreed at the time of receiving indicative offer, that will simply not allow the BoD to give the market information.

We should just take a break here, to much when when when do we get the RNS

Things have been turned upside down since covid in terms of working deadlines. It took me 5 months just to open a bank account with one of the high street banks. With any sale we are dealing with lawyers, accountants, bankers that probably sit at home half the time and supposedly work efficiently from home office, yeah right!

The offer was announced in may and that buyer has now finished due diligence is not slow at all in the current environment and remember this is not a small deal.

Yes that killer RNS will be out "shortly" - Sorry could not resist!

Lovely discussion on Brexit. What nobody talks about is that the Uk now has no truck drivers, no waiter, no tradesmen as they all went back to Poland and Romania. I don’t see Brits taking the jobs vacated, does anyone disagree.

In order to what I think is most likely
1. Permitting matters to be put in order and final JORC / mine plans covering also flanks + Rosgeo
2. Negotiations over final price
3. Sale process has hit obstacles. Other buyers being considered

Exactly Rover62, I posted the same type of message yesterday

We are now moving away from a speculative junior mining explorer to a serious business institutionally backed business. Yes short term traders will hate this as this will eliminate the world and hugely profitable swings just on the basis of emotion.

This will have say £350-400 million market cap once all equity raising is done, but that is still the infancy stage of the story. A + V projects together can drive a market cap 10x that in a few years, depending on the EV demand for Nickel. Also the Brazilian Real has halved over the last 5 years and I expect this trend to continue. This is hugely supportive for HZM as a large part of the mining costs ate on local currency, while Nickel is priced in USD.

I am not at all disappointed that the sp has come down today. What disappoints me is that I dont have spare cash at the moment to further load up and tuck away for 2 years.