Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just done my final top up, 80k @ 10.4p
Fingers crossed!
They're not going to tweet something like that if the drilling isn't going well are they?
Hi GFD
Maybe there is a role for NN and i'd like to think so as well. That would be covered by us keeping a small percentage of MT.
I think the slight problem with the theory regarding West Kytlim is that it is predominantly platinum and this plan works particularly well with trading palladium, as I don't believe there are many metal backed palladium investment options.
Interesting though!
Hi GFD
All total guesswork obviously.
Like you, MT has to go to NN but I would love to think we keep a small free carried percentage - maybe 10% max.
West Kytlim goes into Green Metals for blockchain tokenisation of assets.
Like you, I'm too old for all this but I think I can see the potential. It would enable investors to buy and sell PGM's with almost no spread, direct from the source and the PGM's you bought would actually exist; either proved resources in the ground or in store on the surface. As I understand it, currently most ETF's in PGM's are just paper backed(?)
100% secure and you would in this case be buying actual West Kytlim PGM's.
Ground breaking stuff ! (pun intended)
Hi GFD
Thank you for your commendation!
Also, very pleased that you too see the potential, massive significance of this development.
I can't understand why this is not the only thread of conversation at the moment.
As you say, it could be a 'humdinger'!
regards
Wittering
Further to my post yesterday about blockchain, tokenisation etc, this evening I’ve been trawling the website of lab.lybrion.com.
As we know, Lybrion is the other company of Dmitry Suschov.
Amongst the upcoming investment opportunities being proposed on the website, is a company called Green Metals.
Apparently, Green Metals is to be a multinational exchange platform and a company that trades in platinum group and other precious metals.
The company will issue hybrid tokens combining the rights and functionality of stable tokens, backed by stocks of precious metal ingots, and equity capital tokens of the company's business.
Three points that maybe of interest to us as Eurasia shareholders:
1. The public sale to raise $50million as a fund raising goal for this new company starts on 01.06.2020
2. Both Eurasia Mining & Lybrion are on the page as (co-founder)
3. When you click on the 'Eurasia (co-founder)' name it takes you straight to the Eurasia website!
There are 5 other companies mentioned on the site but as far as I can see, they appear to have no links to either Lybrion or Eurasia.
All in all, rather interesting I thought!
I haven't seen much discussion on this board about the possibility of a blockchain element to any possible deal.
I really like this theory by ETOCWEN. Is this the way it's going to go?
From my very vague and tenuous understanding of the technology it would seem palladium is the perfect metal.
There would be no significant competition either in the palladium space, unlike gold.
First mover advantage?
All credit to ETOCWEN who has posted this before and I hope doesn't mind me re-posting:
What about this for a theory on a deal!!!!08 Apr 2020 22:00
Looking outside the box.
I have just seen the video of Dmitry in Toronto on 20th March 2020 Talking about Block chain investments https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2FEndQueg8YlE&data=02%7C01%7C%7Cdc807d6f1b944703838608d7dba182bb%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637219359030190816&sdata=PxMPorr6WVp2VRXwU1eKbjZspSQcdRL0pc0PKHAfUQ4%3D&reserved=0
This had me thinking!!! Talk of using Precious metals investments in the form of a crypto currency via tokens plus there is no security or storage problems dealing in these metals. If you own a mine and its Value still in the ground that's about as secure and safe as it gets. Then I read Dmitry is a director and founder of Lybrion who are into integrated solutions in digital assets developments.
I think we could of had this all wrong with the sale. Is there a deal with a large financial body buying into EUA for very large sum on the basis of selling these assets in the ground as a crypto currency. Basically Eua stays as it is with a very small mining concern, the assets in the ground generating huge crypto profits. We keep our shares increasing in value and have a special dividend of 35p to 50p paid, whilst the BOD search to more mining fields.
I know I’m looking at this through rose coloured lenses BUT……………I too cannot see how for the life of me this company is going to sell for anything as little as 25p per share. Although let’s face it for pretty much anyone holding that would be an extremely satisfactory result.
No, even if Eurasia only has a definite 2 million ounces, a highly likely, but still uncertain 15 million ounces and just a vague, ephemeral possibility of up to 40 million ounces, to my mind that total is worth an awful lot more than 25p.
40 million ounces of palladium at $2500 per ounce is worth $100 billion (palladium currently $2740 per ounce). So how much is a unique property like Monchetundra worth, the last unconsolidated palladium play. Taking in to account the political risk, costs of extraction, fluctuations in metal prices and all the rest of it, 2% or 3% just doesn’t seem to me to be nearly enough. How about 10% or 15%.? That seems a much more acceptable offer to me.
I can hear people reading this thinking……………yes, but that’s ridiculous, no one is going to pay anything like that; so I will take that opinion on board straight away and go with the lower percentage value of 10%. That is $10billion (I’ve just knocked of $5billion…lol). Now I’ll halve that because I’m still being hopelessly optimistic which brings us to $5billion. Now I’ll take account of the fact we own 80% so that brings it down to $4billion. Now, I won’t take into account any value at all in West Kytlim or the tailings project, the purchaser can have that thrown in for nothing as well. Now I won’t take into account that currently palladium is trading 10% higher than the figures I’m using. Also I won’t take into account that we believe there are several companies interested in buying us. What else can I do to make it more tempting? I don’t know………..let’s halve the price again, no reason to but just for good luck. That brings us to a rock bottom starting price for bids for the whole lot at $2billion. Strangely enough that would be around 56p a share which is what we’ve already seen before. Being a generous type and because I’ve been discounting this already left, right and centre I’ll knock another 10% of for first mover advantage and say 50p we’re interested in talking.
Opening bids have got to start at 50p haven’t they? ( Otherwise why sell? Let’s just go back to plan A and do it ourselves. ) Realistically though, how can this sell for anything less?
Another platinum group metal producer - Eurasia Mining - is working
at Monchetundra deposits on the Kola Peninsula and Western Kytlym at
Ural. Monchetundra reserves are estimated at 60 tons of platinum and palladium, project
production level - 4 tons per year. Board Strategy Director
Eurasia Mining Alexey Churakov told Kommersant that with a palladium price of about $ 2.3 thousand
per ounce the company's EBITDA after reaching full production will reach
$ 250 million. "Rising prices for palladium and other platinum group metals are already
had a very positive effect on capitalization of a company that grew in
2019 five times and currently stands at more than $ 140 million, ”said
he. In his opinion, given the resource base of the company (including on the flanks
licenses) in the amount of more than 15 million ounces in palladium equivalent, cost
Eurasia Mining May Exceed $ 2 Billion.
As it's a translation should the word 'cost' in the last sentence actually mean value?
Many thanks and to you too.
Feeling pleased a deal for Eurasia wasn't done a month or so ago as the price of palladium goes up relentlessly.
I would suggest that whatever the right price was then (take your pick): 10p...30p...50p...or £1......lol!
One month later it will be 11p...33p....55p.....or £1.10p !!
At the end of November palladium was around $1800 per ounce.
Currently around $2028! An increase of over $200 in little more than a month.
At this rate the $2500 per ounce forecast price for 2020 is soon going to get blown out of the water.
According to Mining.com:
Recent world production of palladium and platinum has averaged about 200 and 175 tonnes per year, respectively, while gold production tallies approximately 3,000 tonnes per year.
Now, if gold is valued at around $1500 per ounce, produced in these sort of quantities and mostly goes unused,except for a store of wealth, stacked in government bank vaults for example, around the world, then what is the right price for palladium?
Only 200 tons a year produced, a vitaly important industrial metal ,in huge defecit already and a situation that is only like to get worse as increasingly stringent car emission controls come into force.
$2500 per ounce in 2020 doesn't seem impossible?
Strike Length of 40kms !
"At Volchetundra, new trenching work has now identified ore grades of 0.7 grams
per tonne (g/t) of PGMs over a thickness of 10 metres, and 4.7g/t of platinum,
4.6g/t of palladium and 2g/t of gold over a thickness of 2.6 metres. The area
covers a major intrusion with a strike length of 40 kilometres."
Does that mean what I think it means?
To put the above into perspective, the 40kms strike length, is roughly the distance between central London and Sevenoaks and is only one small part of the flanks area alone. You would do well to walk along the entire length of the strike length in eight hours. Imagine the scale and value of an ordinary, common or garden, open-pit coal mining operation that’s coal seam started in say Trafalgar Square and stretched unbroken, half-way up Sevenoaks High Street (outside M&S on the left!). Now imagine how much that would be worth if it was a gold mine. Now imagine it again as a palladium mine, with palladium 15 times rarer than platinum and 30 times rarer than gold and worth nearly $1800 per ounce, with no prospect of demand abating.
Finally, try imagining it was also the last known non-consolidated palladium play, world class, of strategic importance, that two super powers both want/need (before you even consider anyone else putting in a bid) and also that the two respective countries largest investment banks were working to expedite a sale on a no win, no fee, basis. (Actually, that last bit you don’t have to imagine, that’s true, anyway that’s enough imagining, you get the idea.)
Incidentally, Sevenoaks is where a gas company that many once invested in, is based, (in at 9p, luckily out at just over 60p…phew!) that once achieved a market cap of nearly a £1billion on not a lot (as it turned out). The market cap of Eurasia is currently less that one tenth of that so a ten bagger from here, in my mind, should be ‘odds on’ with what they have, proved, indicated and inferred thanks to Anglo American over many years and all the historical data available over the area.
That also ignores the fact that Eurasia has no debt, a bit of cash and is actually producing from West Kytlim and making money – that must be worth another few bob.
I’ve been in and out of here for a long, long time, first investment during the Andrew Counsell days and have never made a bean; always thought it looked a great prospect though.
Currently with an average of about .75p and looking for 30p minimum – that bit is easy.
What is the maximum ?
IMHO & DYOR
GLA
Ps. The market cap of M&S is a round £3.5billion (?)…lol!
Pps. Also, 2019 is the 50th anniversary of the Poseidon story. (I posted about it 27th October) Nickel then, Palladium now? Who says “lightning never strikes twice”?
"At Volchetundra, new trenching work has now identified ore grades of 0.7 grams
per tonne (g/t) of PGMs over a thickness of 10 metres, and 4.7g/t of platinum,
4.6g/t of palladium and 2g/t of gold over a thickness of 2.6 metres. The area
covers a major intrusion with a strike length of 40 kilometres."
Does that mean what I think it means?