Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If Itumbula fails to support a commercial discovery the Blaisse will certainly walk.
Its been her dogmatic attitude to buy a cold stored rig when they are still an exploration company and hence the collapse of the company.
She talked about using the rig in the future a little premature when you have no commercial discovery.
Maybe Noble Helium will offer a few million for the licence and rig.
As ive been saying Skippy NH found an effective seal with trapped free gas.
HE1 didnt find any trapped free gas because there was no effective seal.
TAI was HE1 primary target for a possible seal. No seal.
Itumbula will discover Helium but it wont be trapped hence non commercial
Aimho
If you listen to all the Youtube Presentations, one common theme is TAI is there their prime area for finding trapped free gas.
Unfortunately they found no effective seal or trapped free gas at TAI
The area is full of faults and fractures, hence a distinct possibility that no free gas is trapped hence non commercial.
Establishing reimbursement coverage and payment
The new reimbursement APC-code (C9791) issued by the US Centers for Medicare & Medicaid Services ("CMS") in August 2023 for the XENOVIEW MRI technology corresponds to a payment range of between US$1,201 to US$1,300.
The new code, along with additional existing codes for the XENOVIEW MRI process, enables the hospitals to request a total reimbursement of approximately $2,500, representing a significantly improved economic incentive for the hospital. All seven United States Medicare Administrative Contractors (MACs), who are responsible for processing Medicare claims, are covering the code as of 1 October 2023 based on medical necessity.
Building on the new code from CMS, work is beginning at Polarean's clinical sites to further expand the reimbursement for private U.S. health insurers to enable further utilisation of XENOVIEW.
Issue with Blaisse and the BOD is they act as if theres a never ending shareholder funding tree.
Theyve treated shareholder funds with complete contempt.
They have wasted millions.
Im afraid Itumbula is last chance saloon.
Skippy let me put this to you. If Itumbula doesnt give a commercial discovery the SP will probably fall to around 0.1p
Any funding would have to be around 0.05p. They would probably need to raise around £5M thats around 10Billion shares.
If Itumbula fails best case for shareholders would be a sale of the company.
Blaisse could learn a lot from PG of Predator. He will not squander any funds whatever the cost.
Through buying the rig she has pretty much finished the company if Itumbula doesnt come in.
She talks in her interviews that owning the rig is positive and will be used for development.
What she seems unaware of that HE1 wont be developing anything if Itumbula fails.
Thanks for your reply Joe.
Its a major concern, the BOD appear unconcerned or totally oblivious to cost control.
They have not a care in the world to the fact they are using shareholders funds.
Gravy train comes to mind.
Joe80 a question for you.
He1 are working in Tanzania
PRD are working in Morocco
Both drilling roughly to the same depths
HEI using there own rig
PRD using the Star valley third party rig
HEI drilling costs are 3 times that of Predators
Any answers as to why ???
RCMPMounties if they have plans to re enter TAI3 and drill into the basement then they will have to raise funds.
Any Exploration company will look to raise funds ahead of a drilling result.
If the results from Itumbula are poor then they wont be able to raise funds for TAI3
If the results from Itumbula are good then they will be able to raise funding.
Is the company prepared to take the risk,
Joe80 im guessing you know the drill targets.
The Lake Beds where Noble found a seal and trapped Helium is not a target for HE1
The Lake Beds were untrapped and dry at TAI3 and not expected at Itumbula