RE: Pathetic3 Jun 2025 21:10
Ongold, you must remember Alba are NOT a gold mining company or any other mineral. They, to put it simply, are an exploration company who wish to identify potential assets, enhance their value and hopefully sell to the benefit of shareholders and of course the company's future.
Look at some of the oil exploration companies. They dont generally do the extraction of oil and gas but pay for exploration costs to prove the asset value. Then reach agreement with a gas and oil producer with income coming from sales of the product. Simplistic view.
That is what Resources companies do.
Alba will not be a gold, graphite, ilmenite mining company. They will have to keep having new projects on the conveyor belt of investigation and proving value.
I am sure you know this as well as anyone that until Alba get a good payday from a project they will need funding to keep doing what they do. Call it lifestyle if you want but we all hope for a good project payday