GREY:SIXWF - Post by User
Comment by
throwaway11on Nov 07, 2022 6:04pm
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Post# 35080348
RE:RE:RE:RE:Sixth Wave Moves IXOS Technology Forward with $50M+ Contract
RE:RE:RE:RE:Sixth Wave Moves IXOS Technology Forward with $50M+ ContractI disagree. I think if the tech is demonstrated from magnus then the similarities between magnus and other mining companies of a similar scale is enough that not everyone will ask for a practical feasability study.
+ the CAPEX is high but so what if the prices of rare earths etc continue to remain high? which with the tech shift taking place they most certainly will. If the numbers talk, they do, and if it makes sense to spend more in the long run then they will; SIXW knew high CAPEX but better long term yields would be their strategy in early docs (2016)
And in the case this company manages to actually take off they have EOS to improve and possibly even acq & integration later.
it's also best not to forget the company is actually already invested in using IXOS in battery recycling tech as well. So not every use case will be for a mine.