- Feasibility Study going very well, based on updated resource of M&I 21mt - will support a VERY LONG mine life . - fully funded, Talaxis funding option - MKA to be free carried. - BFS to be completed next year, progressing well. - Australia - lot of work on process optimisation - lead up to piloting - Env impact assessment - underway in Malawi - government visits to site. - New investment - will be using Hydrogen to extract magnets from used components , breaks down and demagantising, remake into another magnet. Can introduce new material from Songwe - diversivy the range of magnet useage. 3 year pilot programme. By end will be producing saleable magnets. - we have a sustainability course of primary material - huge demand for REE - globally - Talaxis very supportive of direction and strategy - Magnito - HoT signed - agreements ASAP - move into investment mode.
SEE is. A hugely bullish RNS - which makes no reference to the fact that they have 18 months of cash left before they need to raise. Loss after income tax (41,794,940).... eye watering . This is more like a research university / institution.
Hi Baggy. just to clarify, i wasn't being negative - i have held and added since AIM floatation. I just wanted to respond to Earl's query. Re: website - when you go into the Projects vertical (i.e. the main area of the site for potential investors) - it says "awaiting update" . . it has been like that for 6 months. i agree with all of your points.
Huge upside, valued below cash. i could go on and on about the positives . But.. well known challenges: - some civil unrest / makes retail investors nervous - what are we doing with Thambani now we turned down the farm in? - hardly any updates at all on BFS - where are we with this? - no guarantee of mine funding - it will be a few years to get anything out of the ground. - website hasn't been updated in months. - Metalysis has gone into administration