Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
yeah not against in house . but do we trust the management so far to not **** up in house solo attempt. am not filled with confidence perhaps a jv with miner lowers the risk here overall. end of day we went profit on the balance sheet
Norm , id like a deal with no upfront payment or a deal whereby this is paid back within the DSO shipments every month . I am sure there would be companies out there willing to front the whole upfront cost with a discount on the DSO over X years
Annoyingdevil, but if you have an AA deal on the cards, it gives us some more leverage to make a better deal with Hanock Prospecting, for example. I see it as a very positive thing that a company the size of AA was interested in our project.
When do we all think we will get some Li results then good or bad from JV partner. Some magnetic work first before drilling I believe... Not sure personally how long it takes to drill /confirm Li? Not in any other Li plays at the moment
Bfd how can you say that , its clear from re-testing cores or quickly being on the ground we have potential Li , if we pulling in 30 plus million a year from DSO I am sure we can afford to drill more this this current deal. ill wait a year to keep 50% personally , i dont hate the deal i just dont love it
Bfd, you're forgetting that's he Li locked up now for years in this JV. I am concerned they will have the funds to drill and explore, and it could sit there doing 0. You will counter this by saying we're doing nothing with it, anyway. That's true today, but maybe in 12 months after DSO, we could have drilled it ourselves or a larger partner would have come along. I just think we need to be dealing with more serious, larger partners. The assets we have are great it's the management and deals I am worried about.
My point is we given too much away to a minnow. We should always be trying to do deals where we are the minnow and am ok with giving away 50% of Li rights but I expect that to be with a major willing to spend 10million plus on drilling
Napth I think the reality many so under water (not saying it's not our own fault) that no point to sell. We still have a right to be critical of the board and deals being made . I personally think the company the jv is with seems suspect and too small. I am glad it's only for lithium but if there ends up being a tonne of lithium and you gave away for peanuts questions have to be asked. Time will tell
i still agree overall if this company had a ceo with balls they would focus on han**** deal wait a year and use the income to drill all our projects themselves and keep 100% this would be my plan. if this company finds lithium ok it's good but then we also gave away how many millions for peanuts