interim report Sep 20184 Oct 2018 21:05
Just going through the recent interim report of Sep again - I find it quite positive I must say.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=AXM&ArticleCode=o3xhv5qy&ArticleHeadline=Halfyear_Report
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Markedly, another realisation that is impacting seriously is that the days of drill, find, dig and produce within 3 to 5 years are long gone. Increased regulation and ESIA (Environmental & Social Impact Assessment) processes for exploring for, proving-up, exploitation permitting, then financing & constructing a producing mine can take well in excess of ten years and on average in many of the common mining jurisdictions at least 15 years. During that period some or all of the following will probably have occurred, government changes that alter the rules of engagement, demand for the metals/minerals change, and/or operating currency changes markedly against the US dollar market price.
This is significantly and inherently positive for Alexander as both existing and past closed operations look to 'squeeze the stone' for more via innovative processing of residues and waste (historically low grade sub-economic) materials. The Company's technologies are ideally situated to make the squeezing possible with relatively low capital expenditure, low operating expenditure and environmentally neutral impacts. We are aggressively pursuing such opportunities.
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All of the above, assuming the capital could be raised, even at the low end of the scale, to produce the copper, Class 1 nickel, and cobalt requirement for EVs would need, US$45bn, US$80bn, and US$5bn respectively. That's US$130bn funding requirement from where? Car companies? Governments (AKA tax payer)? This is the exciting opportunity for Alexander's processing technologies as the significant potential reduction in capital and operating cost, along with significant environmental benefits could massively impact in lowering the incentive price and shorten time to production.
Therefore, considering all of the above, and with the key operating environment for the Company substantially unchanged from that which I reported in the 2017 Annual report, the outlook remains very positive for the Company's commercialisation efforts.
Regardless of market sentiment, Alexanders' management and Board have remained focused on developing or acquiring commercialisation opportunities for our technologies to release the embedded value in the Company's intellectual property.
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