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Lordb-read the bloody RNSs thoroughly and you won't make such inaccurate soppy comments,or just stick quietly to poetry
That link just takes me to a twitter account that's protected?
What does it say?
Cost of the correct equipment is low. They will simply buy a second hand mobile unit to start off with and scale up from that.
Based on sourcing from UK stock initial start up equipment would be a few hundred grand. Prices no doubt less in the US.
https://plant.autotrader.co.uk/plant-machinery/mining-and-quarry-equipment
I know concrete companies using quarry equipment that is over 30 years old and works just fine because they are well maintained.
Martin, at last sp has taken off. Treble at least for many . Lth holders are just waiting on mous. Give it a couple of months.
If you hand a PCP car back with bid dents then yeah you fix them but there is also the fair wear and tear policy that allows all sorts to he wrong with it.
I have also leased multiple cars with maintenance included in the package, leasing commercial equipment it's very common for maintenance and support to be included.
They also most certainly don't expect it back in the same state you took delivery of it.
fulmar29 because if you lease any plant machinery its in the lease it retruns in the same condions most of these rock crushing machines are worth in the uo to 10 million mark or more its also the same with a pcp car you hand it back with dents you get a big bill. Also are you expecting people to work for free ? hence why i said he wont go it alone the upstart cost will mean no profit for the first 1 to 2 maybe even 3 year
Lordbyron-why would the lease costs of machinery have to incur extra maintenance /fuel/wages costs? PC has already stated he is looking at the options,and one of those is a package where a contractor accepts full costs responsibility,which would obviously result in a reduced % for us,but it would still be cash generative
To get best long term SP value for shareholder from the CS Project, PC should avoid a sale and go for a JV to at least retain a share of the profits. Although my preference is for PC to go it alone so long as he can obtain solid long term OTA's at attractive prices. This income would easily cover his ongoing CS Project mining costs and also other exploration costs he wants to incur.
Pc has no intention of going it alone. The costs of running a plant 24/7 either leased or not still require funds to maintain any leased plant machinery then there are fuel and wages costs. Then there is the fact everything pc has done like hire ex Nevada cement top employs. Deals have been in place in the backgound its a time frame before its either sold or a massive jv so pc can keep exploring for other precious metals like gold and others he is frightened of losing ground that could have anthing from cobolt or silver ect in vast quantitys untill he tests we dont know
PC should be aiming for CS Project production in 2020.
So we all need some patience here.
Finger's crossed.
They could be, it really depends how much is going on behind the scenes.
I certainly hope so.
Do you think sufficient TOA's can be executed in 2020 ?
No.
It's not as sexy as gold or silver so the markets aren't going to wake up until there are contracts here. Once those contracts are there this will rocket as there aren't that many miners on AIM who are actually selling products to the market.
Can anyone answer the question
I seem to recall Patrick saying in an interview that the industry around industrial minerals is extremely secretive. I guess any potential deals will be tightly guarded then until they are signed off.
PC has a least two existing MOU's to play with and must be looking for any many as four OTA's to be negotiated with CS Project production starting in 2020.
At what point does the market smell the coffee here and begin to get on board with SRES ?