Financing for the project3 Jul 2017 13:52
I think this subject is right to have been brought up. However, I definitely don't see it as a huge stumbling block and nor do I think it should provide shareholders any concern at all moving forward.
Firstly, I'd like to point out that most on this board [I'd hope] are very aware that AYM does not have the finance in place to bring this project forward to produce - that's no surprise. However, AYM are funded to complete the current works on the report and we have a low cash burn. So, there are no concerns on funding right at this minute. Also, AYM is not on AIM, so we're not just going to be diluted to sh*t unless it results in a very positive outcome for the company.
Personally, I’d always thought the intention of the revised report for Parys Mountain was to include an incredible amount of 'up to date' detail, which will act as an outstanding marketing tool for the company. Bill and the team will be putting together, in black and white, a full report which not only states the full value of the current resources, but that also states the most cost-effective route to market. This, in turn, will offer a very detailed review on how much profit Parys has the potential to make at low risk. With this in mind, it will provide a beautiful, all singing all dancing banner saying something like:
'Hey Mr Big Miner! There's a worldwide Zinc shortage at the moment and prices are rising due to the demand. You know who has a shed load of Zinc sat in the ground which is pretty easy and cost-effective to mine? WE DO! Not to mention we have huge supplies of other metals too!'
I think the report will offer excellent publicity and potential JV partners or financiers pretty damn swiftly. As discussed before on this BB, Bill has been in the industry a very long time and will have plenty of contacts. Once the report is released and finance/JV/whatever is sorted this can be a production mine within a short space of time and generate huge revenues of potentially $100m per annum with low risk.
This company is currently valued at the measly sum of just £7.5m…