Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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We have a 20yr mine life.
Short term nickel price is great, but in reality it does little to our economics. We still have a 2yr build.
Probably best not paying a huge amount to nickel highs etc. In 20yrs all kinds of advances could be made.
CEO should put all efforts to dig it faster, faaaaasterrrrr, as project is heavily derisked
"Agreed but may be reflected in what happens to Vermelho (if anything) and at what price..."
Very fair point.
I hope that the board get out a working programme soon with relevant milestones and caveats, they have two Royalty Company shareholders who have put money in to see a mine built. I assume they did due diligence on the team, experience and capacity to deliver. So they will want to see those skills put to use and their royalty streams coming in. Sure their shareholders would be expecting a timely return on their investment in HZM.
'A strong nickel price now is great, but does nothing for a company 2 years away from production.,
Agreed but may be reflected in what happens to Vermelho (if anything) and at what price...
As you said SB. Though I understand that having a plan out there opens you up to slippage and it being criticized, and so on.
Not having a plan after all the pain of the financial deal has caused... just keeps you under the very radars you need to be on right now to move both the company profile, and the SP forward. As Bwana says. We aren't producing soon, and so we need to be seen positively to be on the move to it ...
Weighing the two options up, & as on my original post. I would rather see one out there to be shot at than not tbh...
100% agree Soundbuy.
The Construction team are going to be heavily incentivised with options to build A1 on time and on budget-so time for JM to be a bit more bold and set out a timetable of key events, including Vermelho DFS. If he wants to get the share price moving that is what will do it. A strong nickel price now is great, but does nothing for a company 2 years away from production.
Would like to see some 'construction timetable' with milestones produced for the PI. Don't require a week by week account but regular quarterly updates where you can gauge progress against the various milestones set.
Bu with the world it is at the moment, Covid, supply chain issues, rampant inflation et al perhaps JM may view such a timetable as the rope by which HZM hangs itself. Once you set out your stall its easy to disappoint. A vague-ish work programme for H1 and H2 may suffice and provide plenty of wiggle room I guess.
.... Since the deal finalising.
I think it would be nice quite soon, & following on from the equipment purchase.
To see some better exposure to the top level plan outlined by JM. I know that, & whilst, he can be very pleased he has all the monies raised and collaborators on board etc...He will be well aware that he has clearly caused (for now) a depression, and indeed a stagnation in his share price. But further though, a groundswell of poor sentiment amongst some of his most loyal share holding PI's as well.
He always came across to me as a very reasonable man. So I am sure he more than realises the above, and not just by looking at the decline of the SP from the high of 10.1p to bumping along at low 6s.
So please, and as he has we know recruited experienced project managers. It would be just nice now after the dust has settled to start seeing a bit on timescales, milestones and a regular tracking progress being outlined.
It will help sentiment no end I feel.
I don't think that's unreasonable as a share holder expectation. I think that this will also better highlight the great assets and future. Bolster existing holders who have been knocked about a bit. Plus add interest to newer ones. The great Ni price is a big help. But seeing a plan regularly updated to get our share of it would be helpful IMO?
Cheers.