RE: re strategy..28 Jul 2018 19:54
Hi Earthling.
The problem with developing these projects one after the other is that it takes a lifetime to get through a portfolio such as IronRidge's. Hence the team have kicked Ewoyaa off this spring and will move to the other Mankessim targets between now and the end of the calendar year. I think attention will shift to Chad early next year but I expect we'll see a company capable of multi-tasking by the point.
We have Joe Clarry overseeing the Lithium ops and I suspect Len will spend his time getting a feel for Dorothe, Am Ouchar, Kalaka and the others.
I would be surprised if they cashed in the Iron Ore resource. As Vince said in a recent interview, it reminds the Aussie contingent where they live and encourages them to go home from time to time.
I fully expect the company to secure the best financing available. We have the powerful wealthy holders and we have caught the eye of other companies who are watching with interest. We have Nick Mather in Brisbane, who, as you know., can find his way around a deal.
Big few months coming here. Big big. The market will wake up to all the ground work the team have put in the last couple of years. The strategic acquisition of Tekton, the work with African governments turning those yellow light mining areas into jurisdictions happy to work with us and generate GDP for their country.
Batches from Ewoyaa will be just around the corner. I reckon they'll find more where thst 130m pegmatite came from. The weathered surface at Ewoyaa gives the indication of better grades at depth and at the moment, the geology looks consistent and predictable.