PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Nyobolt has created a new battery that requires Tungsten, whilst it aims to start to produce over 1 million batteries over the next year, it will later move into car batteries, and is going to set up a materials manufacturing plant in the UK.
Nyobolt just raised £50mil investment.
An exciting further use for Tungsten and their batteries can charge to 90% in 5mins and have a longer life so if this takes off, tungsten will be very sort after.
with £5m a year why would it only go to 0.5s?
Usually the value is 4-5yrs profit minimum if it a relevant (ie not a one off)
So its an easy over £20mil MC, add cobre a few more mil and we would be a little closer to a true MC
So how do you know whats over borrowing?
SML needs trucks, excavator/s, loader/s, pumps, chemicals, fuel for first 4 items in my list for 6 months minimum, wages and then other cash for cap ex and op ex costs. Add to that £1.5mil in reclamation bond.
Some of those items are significant big ticket items, and fuel is as high as its ever been.......
I dont really understand what your point is, but i dont see whats been removed whether abusive or not.
What I will say is I dont think this is the best place to constantly be negative about SML, if your in SML its a bit like self harming and if your not in jog on (not aimed at anyone in particular).
Might be a better approach to email JP/SML than bring up the same negative past on SML, Bonus payments, very slow LC progress.....etc.......
Yes im down, possibly more than most, but no one forced me to invest.
why is it misleading when someone is positive on this board, yet when someone is negative they always say its not like my post will affect anyone?
Seems a double standard on here.
I have mostly stopped posting as i have little to say either way and just want to let SML play out.
whilst i think that is possible, there are many reason why not...
i do think the lions share of price rise for the LCCM asset wont be until SML have sold a couple of parcels of copper oxide/sulphide
Would you commit to buying a car with no Mot? No. you would at least wait until its granted and then look at any advisories, this is quite similar. You might go off find another car, lose interest or be really interested in that one.
its a buyers market so playing stand-offish might be the play from the interested parties.
if anyone thought it was a "ready to go asset" they needed their heads tested, I remember arguing with people then, that just because it was under care and maintenance it was not a case of simply switching on. I stated equipment would be needed, full assessments and then people with the right skills.
I do agree this has not gone smoothly, but i think jumping ship now is a mistake after all that time and quite possibly close to some movement, i might be wrong but thats how it feels to me.
I am unimpressed by the last 2+ years but they are still going, which against some of the other miners is a positive stance.
SML's position is stronger now they have the PEPR and lets see how this next stage unfolds.