RE: Valuation after scoping study?22 Oct 2024 16:38
Yes and no, Scaffman. I've one response below for which I feel the data is relevant to everyone, and equally I do not know how long the answers to the Q&A will remain accessible, unless saved locally.
Regarding newsworthy events to come, I have the following:
1. Final bench scale ISR recoveries
2. Scale definition in resource drill out
3. Definition of high grades
4. Recovery improvement through bench scale optimisation
5. Production of an "In-Spec" saleable Mixed rare earth carbonate from our bench scale study.
6. Infield validation of permeability
7. Resource definition
8. Scoping study economics.
On the topic of slipped timescales, an appropriate and positive response was supplied. And gold remains very much on the cards, but is understandably not the focus right now.
So for me, from my perch, it is a question of sit and wait for these different 8 line items (and possibly more) to come to fruition, see how the markets like them and then react accordingly. The continued positive rhetoric and range of superlatives has gotten me very interested and excited in what the team are trying to achieve and may have stumbled across. Perhaps I am a sucker for good marketing ... only time will tell.
I find that this engagement and comms has been incredibly helpful and productive, particularly in engendering at least for myself a sense of connection with the BoD and what they are endeavouring to do, and providing a more rigorous understanding of the various challenges and hoops to overcome and jump through, before we get to the economic evaluations of what we have all invested in and hopefully reap the rewards.
GLA - EP
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