I think Kurt's use of the word 'asset' could be taken either way. It appears to be used generally more and more by the chairmen of companies nowadays, in their description of deposits, tailings, stockpiles and so on, even though, in some cases, those items prove to be anything but assets. Luckily, we already know the quality and current mineable quantity of Kallak, so it is indeed an 'asset' in the true sense of the word, even if Kurtypops is using the term generally, incorrectly if so, but inadvertently correctly in the case of Kallak.
On Monday I emailed the Mining Inspectorate asking when a decision was going to happen. Their chief replied today that it is intended to make a decision by the end of this week. Make of that what you will but this weekend gets me twitchy !
Absolutely right, Eric, we're not going to live forever. On the positive side Sweden intends to double the number of mines it has in operation by 2020...think that's about right, can't be bothered to look it up. Where will they all come from?
Fair comments. I would suggest though, that we take a look at how long this process has taken with 'only' the Kallak asset being the focus. I'm sure projects on other metals would develop at differing rates, but we are still left with reliance on the speed, or lack of it, at which the Swedish authorities operate. As investors, as human beings, we do not have infinite time in which to exist. This project has been painfully slow. More of the same on other projects, due to the Swedish set-up, surely cannot be endured by shareholders? Hence my feelings are that Kallak is 'the' golden chalice. I certainly could not bear to be strung along for a decade in order 'just to see' how our other projects pan out. Look what happened to the promising Ruotevare. After much initial focus, it was eventually deemed problematic and disappeared almost overnight. A shock at the time for many of us. I don't wish to sound downbeat, but I do not want any more potential Ruotevare situations. I want Kurt to get us to the point where, if not Beowulf, some other outfit will be digging this iron out of the ground. No distractions. No additional projects, no infinite amount of time. We each have to be able to plan our investments in order for them to fit in with our own lives, and I believe long-term holders here have already been tremendously patient and supportive of our Company. Moving the goalposts, if the case, would, in my view, be both unbearable and the incorrect strategy. Get Kallak up and running, a first successful project, then maybe we can talk about proceeding in other directions, other projects.
While "not the only asset " did send a bit of a shiver, I think Aug59 has dissected it very well. Kurt's confidence, if that's what it is, is founded upon the foundation of CSP's enthusiasm and what has been put in place in the early years. Value creation is what we all want to hear. If we go on to develop a copper mine and a moly mine then we'll get to know one another very well indeed. Thanks Mick for sharing. GLA :-)
I agree with those comments ed. Kurt Budge does have a different style to Clive (confidence … v … enthusiasm). That said, their day to day job description was/is very different. Clive’s enthusiasm and all what that did entail was I believe necessary to drive Bem to the junction of: application submitted, whilst bagging the prize of N.I. along the way! If Clive has negotiated well at the top table, then Kurt may well be justified in displaying some confidence.
When we are only days away from receiving the all important, recommendation from the Inspectorate, and Kurt has the confidence to refer to Kallak as being an “Asset” when in communication with a PI (Mick_OC), that’s rather telling, especially when the SP sits at just 2p. This demonstrates that he has the correct focus. Imo. Atb
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