RE:RE:RE:RE:Told you so!I don't know how the Bismuth is structured in the deposit ...maybe our GEO poster can explain it. It's been suggested to pre sell the bismuth .....if we could do that we have lots of other things to sell as well ...
what I do know is that RG has been clear this needs a technical miner and because all the goodies we have ( and there is no shortage of them), we need technical separation process to maximize the potential of the deposit of Cobalt, Gold, Copper and Bismuth.
the way I see it is we either become a technical miner / producer and market player ( which has a 700 plus million price tag) or we have a partner .....or maybe that potential partner will take the whole thing. An issue for us is those existing technical miner / producers are far and few between and that limits the options on that front, unless there is a party that wants to expand in that direction and there are a few of them that have publically stated they do. I can't recall the name but I posted at least one here on this site some time ago.
it does not take much research to see that Sheritt is a technical miner and has facilities outside of edmonton and is within easy reach of our deposit. Sheritt has been clear in the news that they want to expand thier battery / electrification metals department so to speak. Sheritt currently processes Cuban cobalt ore and a raft of other products ....now does that not sound like a viable technical miner option?
what we don't know about them and I cannot find in detail, is what kind of wastes they have and what they do with the wastes they produce buts it's my guess what ever wastes we produce from our ore may be problematic for a company like Sheritt ....so what do we do ? Well ...we solve the waste disposal issue ....and in fact it appears we have done that.
at the same time if the Sheritt option can't unfold then it's possible that we have other sites where the same disposal problem exists but again we have a waste disposal option and that would simplify an EA on a new " go it alone " site.
Now, if your in a negotiation you better have an option in your back pocket or you will be decimated and have a new hole when you leave that discussion ... and we don't know for sure if we have that option cause no one in the company tells us anything other than they are looking.
there is more to the story of this recent raising of minuscule funding and a small drilling program grant than we know and it looks to me like we are buying a bit of time. Something has to be in the works it's not making sense otherwise.
some here, way more knowledgeable that me, can put together a raft of other alternatives but I put mine ( pun intended) on the table....pick your poison.