RE: Buys21 Jan 2018 13:21
JS, I hear what your saying, but as an example re: GGP vs NM, we saw how long they took to do their DD, and then come to a negative outcome, now MKA is not on the radar as much as GGP was and Talaxis have already done their DD and agreed to fund the project for their percentage and companies like them don't take chances or place bets! So either they are a company who are frivolous with their cash OR they have made an investment based on facts in their possession.
We know that MKA have acquired the exploration licence, so no waiting around for that:
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Alexander Lemon, President of Mkango, said: "We are delighted to have been granted the Chimimbe Hill nickel - cobalt exploration licence, which is consistent with our strategy to target raw materials and technologies geared to accelerating growth in the electric vehicle market. Both nickel and cobalt are increasingly in demand as cathode materials for batteries in electric vehicles. This new licence, when combined with the Songwe Hill rare earths project and our collaboration with Metalysis on neodymium alloys for permanent magnets, positions Mkango as a potential future supplier of the critical raw materials used in both batteries and permanent magnet motors in electric vehicles.
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Yes the funds will make the SP rise because of simple facts, it adds to our MCAP, but further results will raise our capital on the weight of the value of the mines based on those results derived by using the capital invested! Hence the SP range in the 50-60s range...like I said, Talaxis aren't playing or investing on just a 'maybe'...
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