Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It would be interesting if we transferred some shares to the TSX market which would reduce availability here and hopefully move the share price here up. It may be that if the warrants are taken up the additional shares could be placed on the TSX market to try and drive demand.
Now now everyone, I know we've been in lockdown for a while now but let's not descend into anarchy on the board, always seems to happen when the share price drifts. If we are correct in all our assumptions and research we will all be happy bunnies before too long. Just calm down, calm down.
Can't see Rio entering Nicaragua to start from a baseline like Condor did 12 years ago and sit patiently to get their own gold mine up and running when there's a 'blue peter' one,' here's one we made earlier' mine sitting on the shelf next to them, it just doesn't make sense, they could be mining within 3mths if they wanted to with their resources.
If MC is to continue trying to drum up support for the shares price I believe he should be telling the best story possible with facts to back it i.e pfs. Whilst we on the board do our own fag packet calcs, that just won't cut it with serious investors in say Canada which we will need to encourage to drive this share price northwards to minimise dilution.
One thing that I picked up from MC's latest comments was that there was minimal stripping needed to extract the gold ore at the Mestiza open pit, just stick a JCB on the land and dig up the gold, once the mine is in place the timeline to production will be short in my opinion.
Lets not forget that putting up a second hand plant is fairly simplistic, the grinding mills are put together in a simple side by side configuration and can be built bigger to tackle more ore as and when we need to, so I would expect we position the small 2nd hand plant on the final site for the La India plant and we just add to it as and when we have the cash. If MC is looking at being shovel ready by the end of this year I would expect the 2nd hand plant to be in place by then with ore being processed by early next year.
May well be that MC has already received the confirmation of the America permit but he's holding it back for a day or two to maximise the effectiveness of both permits, if I'm correct he has upto three days to notify the market of the information, correct me if I'm wrong.