RE: Aren't folk getting sick of twitter news instead of rns'?23 Aug 2023 21:13
I think 2018 - 2023 to get an asset, do all the paperwork, approvals, raising capital and listing a company, prepare the site for production, build needed infrastructure, build a team, actually start production, sales, design and implementation of an initial exploration campaign for cobalt, research potential additional licenses, while planing and working towards a future that eventually results in the sale of the company is pretty quick. (While having to deal With a bit of Covid / scamdemics / inflation / recession / supply shortages / general African and UK bureaucracy)
And all on a relatively small budget, with little dilution (will be ~100m in issue by end of it, not billions like many)
Compare to what, how long has cast been waiting for its diamonds? How long has iconic labs been raising capital to pay off egho? How long has trp been trying to get a drill going? And the many other examples in hundreds of companies while management take untold millions in salaries.
;) smiles all round