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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Fair comment Bozi have to say not really paid too much attention to them as far as I can remember they have not featured ever since I have been invested
That might well be the case N2S but the permits expired in 2016 and have been under renewal ever since.
We can't really sell a concession we are waiting to reclaim the rights to.
There's also the question of what further work (if any) is required to get the assets into a state where we can command a market value for them.
I honestly think Gabon is back burner until the company is revenue generating or receives a windfall in relation to the assets in either Ghana or Cote d'Ivoire.
The longer we wait, the bigger resource.
It wont be long before they complete the drilling for lithium,thats when I think they will be looking for a j/v in ernest
I accept what you say about the permitting Bozi but that aside the iron ore assets were valued at about 14 million in 2015
The company cannot sell it's assets in Gabon. It is waiting for licence renewals to come through at the moment with a 50% reduction in the licence area, possibly reflecting insufficient expenditure there over the previous term.
In Australia it has divested May Queen Gold. The deal there is probably reflective of the general worth of these early stage assets, i.e. they aren't worth the multi-millions that people are hoping for and any buyer is unwilling to throw us a pot of cash... they want to issue stock and tie us into a medium to long term investment.
We have both iron ore and bauxite assets which must be of value at today's prices,we ipo on those assets alone no lithium or gold in them days. I'm aware of the capex required to move those assets forward but irr must have been aware also as that's why the company was formed.maybe their going to sit on them and develop in the future when their a cash rich company ???