Metals One (who is who, what is what))20 Mar 2025 16:24
When you look at Metals One, it looked ideal, spin out the "Black Schist" (next door to mega project) from Jay and launch a Euro based entity with access to accelerated EU grants for strategic clean projects. PEA delivers viable deposits but slight problem with cost benefit analysis (well at the moment but EU funding could change that) - so park and wait, however they are cash strapped. They enter in a dubious consultant arrangement (but hang on - who is lurking in the background - hum 80M). Alistair Clayton knows the 80M Finland assets well, as this was his baby (many years ago) and now it comes back to him via another spin out from 80M (OK - yes this does make sense - spin in out to a company who do have mineral experience), however part of the deal is closer ties with 80M (but hang on Metals One wanted to be at "arms length" from 80M due to XYZ). Hum - who is who and what is what. Is there a common puppet master behind all of this ???