RE:RE:RE:RE:RE:RE:LOI signedHere's some softening.
IMO the work started in January so subtract 6 months already. But why does he say He state in the 10Q al end of 2021 to finalize a deal, 2022 construction & H1 2023 for production. News that could lift this between now and then end of 2021 A inked deal, an equity stake by ABX, other LOI’s, and other deals, management changes, New hires, Rio asking about Nyngan, Rio taking a run at Nyngan, Rio doing an equity stake in SCY. Don't let any wet noodles dampen you thinking here. The time line is actually not that long. Rio will need Nyngan two years before they actually do, because it will take up to 2 years to construct. Know how many 3D printer additive manufacturing companies there are world wide? Thousands. Know how many there are in Australia? 30-50 Ever look into Rio's largest off take customer… their client roster. It will not take 2 more years for Rio to reach 50 tpa in sales. They will need to approach SCY at around the 50 tap maybe at the 40 tpa level with a view to 100tpa on the horizon. Do not let undersellers make you think this is dead money for 15 months, it is not. ABX may come in here at $0.50 or evan at $1.00 and we're on our way. Also Barrick would not put any hint of CMR strategy on their web site presentations without confirmation the process delivers. It would be foolish. This is much further along than we are being led to think. But what can they say really, until a deal is inked it's at the LOI stage you work back to the last agreement. Well, he could have said progressing well at this point, with both parties seeing good results. Wait though, how can it be progressing well if you’re just telling us now you did an LOI? He had to say LOI and not much else and in fact dampen the mood because he would get called out otherwise for sitting on this development months after Barrick have been openly talking abut it. Think about that.