InterestingWebinar was good. Apparenty 150 people registered for the webinar. Will have to watch it again to let it sink in. Some key points were: Spain has apparently planned to designate the Cehegin iron ore project as a strategic resource. A lot of historical drilling has been documented. Need about 1 million dollars for a 43-101. Could be up to 42 million tons of iron ore. The iron ore does not have a lot of impurites and will fetch premium to spot price . Mineworx is hopeful to release news soon that the drilling has been permitted. This is huge. Many different ways to monetize this asset. I think this is an elephant hiding under the bed. Upon this alone, the stock should be multiples higher. This is not valued into the share price presently.
Catalytic Converter recycling. Pilot plant is funded. Davis a fantastic partner, not just a feedstock supplier. News will be forthcoming as progress is made. Projected commercialization scale-up in q3 with full scale production in q4 of 2021. Projected revenues could be 100 million with 20 per cent margins, at projected 10 tons per day. Statement forcefully made on webinar that they are not infringing on ETI's patents.
Also revenue stream from ewaste plant -20 per cent. Showed graph of projected profits that ETI has stated on their website.
Apparently opened own lab the beginning of 2020. Have inhouse chemists and is also using another lab for R&D. Engineering is completed on the pilot plant.
Pretty much indicated that MIneworx , after helping to build the Surrey plant, has not had much of a relationship with Envrioleach and have gone their separate ways.
There can be all kinds of speculation on the DA , timelines, etc. I could offer another thesis.. Mineworx has been working on their own for much longer than shareholders knew for the chemistry for the extraction of pgm's from cataytic converters. They didnt need the IP. But perhaps by doing a DA with Enviroleach and wanting control of their IP for this vertical, they get rid of a competitor. Just a thesis.
I do not know of another 6 cent stock that has near term potential to increase in multiples of valuation with more than one iron in the fire. which in my books, reduces the risk of owning it.
I will not sell a single share, , and see how this all plays out. Do your own due diligence. Watch the webinar. make your own decisions. glta