Post by
javaman12 on Mar 24, 2023 3:12pm
RE:RE:Rockcliff Metals Is To Become A Major Lithium Explorer
Martyboss, perhaps Rockcliff Metals should become a major lithium producer? Why is Ken so intent on only exploring. There may be better money made by actually mining, even if only a little to start!
The asks have increased and the share price has dropped because of Rockcliff's management's profound failure to drill at Pennex without ant timely press release in explanation. The last press release could have included such a 'heads up'! This is exactly what we have come to expect from Ken and the Rockcliff management team!
The last press release was excellent in its decription of the lithium discovery at Bur, but no mention was made about Pennex drilling at all! Why Not? That mis-step was stupid!
But it's not too late for these inept communicators to change their ways! But it's up to them to better themselves or nothing here will change!
Here is what I just posted on the Foremost Lithium Stockhouse site:
"Rockcliff is ridiculously undervalued because that company has been hoping to market their Snow Lake base metals resources, only to Hudbay Minerals. And they have been exploring there for many long years and spending loads of money in doing that. They have accomplished a great deal by drilling and building up a great asset base. But because Hudbay is still fence-sitting when it comes to a Rockcliff Metals acquisition, Rockcliff still remains an extremely undervalued exploration play.
Since Hudbay has many years yet to mine their Lalor assets, why would they choose to buy out Rockcliff now? Rockcliff management counters this kind of argument by saying that they still don't have a sufficient size of assets yet to mine. Really?
Even management has admitted to me that Hudbay has mined many similar sized smaller assets before they discovered a mine the size of Lalor.
Rockcliff shareholders, if dependent solely upon Hudbay to acquire them, could wait for many years for Hudbay to consider them as such a target. They still have many local assets of their own to mine after Lalor is done.
The problem for Rockcliff shareholders is that Hudbay encouraged Rockcliff to do much of their greenfields exploration for them.
Rockcliff has done much of this recent exploration for them and has spent many mult-millions of exploration dollars for these jerks and they have never received any compensation for their efforts!
Personally, for a company that promotes themselves as ethical and above board in all of their environmental and business dealings, Rockcliff shareholders are profoundly disappointed in Hudbay's lack of action and initiative in this regard.
They simply cannot be trusted to follow through with any of their joint venture dealings! History is the best teller of truth!
But for Rockcliff shareholders, sadly history is the 20/20 with respect to present vision. Shareholders were myopic in terms of any such fore-knowledge, prior to their past involvement.
Now we know, so much better, but the present share price reflects that now, very bitter truth!
Shareholders of Rockcliff are hoping that their company has now recognized the potential of the lithium play on their property and if turns out to be significant and valuable, perhaps now Rockcliff management, might have the wisdom to promote their assets to a different buyer!
Off take agreements need to be made to sell lithium ore. And perhaps they could also be made with base metals as well? There will be many such buyers for lithium ore and concentrate! Base metals like copper will also be in greater demand.
Snow Lake Lithium has their MOU with LGE, and because of that Snow Lake Lithium which trades on the Nasdaq, is priced considerably higher than Foremost Lithium.
There is no reason that Foremost or Rockcliff couldn't do something similar in the lithium resource space just like Snow Lake Lithium has done!
If they can both prove up a significantly sized resource why should they wait to be acquired by Snow Lake Resources at that company's leisure, after that company has used up most of its own resources! That would be years into the future!
Snow Lake has only explored about 1% of their resource potential at this time! They may have a lot more lithium to find!
After all, wouldn't this be the same kind of issue that Rockcliff is now facing with Hudbay in the Snow Lake region?
Rockcliff shareholders had hoped that management would find some means to mine their own resources by themselves. And for awhile, their former management team had plans to do so. But they fell through because the terms of Hudbay's joint venture deal with Rockcliff allowed Hudbay to assume the status of operator and then just sit on the project for years and years. So that made the possibility of mining the Talbot and Tower deposits by leasing and upgrading a mill at Bucko lake owned by CaNickel mining, an uneconomic proposition.
Hudbay prefers not to share Snow Lake with any other miner and they won't consider purchasing all or any of Rockcliff's properties until they are good and ready!
If Rockcliff Metals died as a corporate entity, in this painstaking process of endless waiting, they couldn't be more pleased! Then they could just pick up any available assets left, even more cheaply, at the auction block.
If off-take agreements are necessary and the transport of crushed ore by rail is the best way to start, well if they have the resource, then Hudbay's competition, had better get at it!
Excuses are only for the lazy and inept. Managers get paid for doing their jobs. If there are good reasons that block their success, its a part of their job to find mechanisms to over-ride such considerations or they should find an easier job to do.
There is no place for the inept in the mining game where competition for dollars is fierce!
Both Rockcliff and Foremost lithium could work today as a team, Even Snow Lake Resources could join in this endeavor in a more timely way, so everyone actively engaged in this local effort, could become more successful and very more quickly for all parties involved!
But might this be, too much 'kumbaya' to expect?
As for Foremost Lithium, the company was priced much higher recently because of the Snow Lake lithium play and not for some New Mexican gold and silver play that's been barely explored! There are many such precious metal plays. There are not so many of these cheaper, high grade lithium ones!
Presently, I feel that with the recent sell-off, the company is bargain priced with respect to its Snow Lake properties, which offer shareholders significant upside in price. But the right management moves do have to be made! But I think that they will be!
With the company's recent astute acquisition of the Lac Simard South property in Quebec, I am coming to the realization that these managers are almost geniuses. To acquire a known lithium property of such an immense prospect and so near production facilities already now operating is a pure act of incredible brilliance! They may have been planning this move for some considerable time!
And what's next for this management team? I am amazed that this company is still trading so cheaply.
There are lots of mistakes made by traders who lack the understanding of what the press releases are actually telling them.
But there is always so much hype already out there already! Many become confused about deciphering the truth from the fiction! So who might blame them for making an error of judgement? But no one likes to kick themselves after the fact if they have failed to act. It hurts!
With regard to Rockcliff Metals management team, the jury is still out for them.
They know how to explore and how to make cheap private placements, but do they have the acumen to find some means to actually monetize any of their valuable assets? It is amazing to me that have yet to do so.
Maybe a new leadership at the helm could do a much better job. But this questionable management team now seems to be firmly entrenched. So it's still up to them to actually accomplish something significant for their shareholders.
Perhaps moving into the lithium sphere will help get them thinking in a better direction. And perhaps the smarter managment team at Foremost Lithium might just be the guys who may give that better insight to get their job done like it should have been done in the first place.
Never make a joint venture deal when all the wild cards have been freely given to the major player with the most dollars to play. Only suckers do that!
Why let another player in the joint venture deal make the decision to become an operator (Hudbay at Talbot) and not have a time limited decision to start up the mine? Rockcliff was duped by Hudbay, a smarter operator and all Rockcliff shareholders have paid the price!
Is there more to add? Perhaps, buy more shares!
Sales remain a little slow today. This might be the best time to buy before the next move up!
I remain invested in Foremost Lithium and Rockcliff Metals!
There is always risk by investing early!
It's your decision! Do your own, best due dilligence!"
All the best! Java