Scandium International Mining Corp T.SCY

Today's news: this is a project financing strategy!

[AllDutch1234567]

THis is my takeaway from today's news. I

Even stronger partnership between NGM and SCY. Putnam: “we have a great partner with us”.
 
A true vote of confidence on WD’s work – the CMR and HPA patents SCY has filed. Those patents are at the core of SCY's competitive advantage!
 
A joint development program (50:50 HPA deal) means that NGM is responsible for 50% of the CAPEX. This deal is also a HPA financing deal.
 
There’s now a clear path to production for both CMR and HPA as well. We could not have asked for more! These are untested, innovative production methods, SCY has found an extremely competent partner that goes all in.
 
They will start with HPA production (phase 1). In the news release: “HPA will likely become the primarily pay-metal for the (CMR) project”. Revenues from HPA will be used to pay for CMR (Phase 2). Right?
 
All this significantly de-risks the HPA and CMR projects; with a significantly reduced CAPEX (now only 43M = 8M + 35M, instead of 150M), it should be even more easily to finance the project!
 
All in all, a very clever twist to an already brilliant strategy!!!

[Zerosum]

Note: Early work - significant aluminum content - oxide ore and raffinate. NGM knew this long ago. So it was the door opener IMO. My guess is that a financing was arranged in part around this known known and now it can be discussed openly. HPA or al203 removal from the original ore would be very profitable to the NGM copper production numbers. Cutting costs and boosting

[AllDutch1234567]

It will be interesting to hear what JK has to say about this new development (if he addresses this news release in DW). Maybe he even has had a chance to chat with GP? That would be great. This new development and the impact it has on the financing strategy needs some clarification, IMO. It's very good news, but the market somehow doesn't get it.

[Zerosum]

"but the market somehow doesn't get it." And isn't this one of the major issues here? The inability to disseminate this story to a wider institutional and retail audience! Without institutional buyers of the stock in the open market it will not move. Again WD aside, we seem to only have one guy doing EVERYTHING. As a result no fund manager engagement, no twitter feed, no

[northmark]

I'm hoping the financing will include some strategy to bring us out of the darkness. 

[Zerosum]

The thing to appreciate is NGM is moving ahead with HPA removal and not waiting for SCY to get it's 2.7 portion of the deal. It's pay us when you can. Zero interest. This allows GP to reach out to smaller groups for less funds - in short NGM is fronting SCY the funds needed to move this along and SCY can fund itself while progress is being made. Afterwards SCY should be able to fund at

[northmark]

It makes sense Zero. When the time is right, NGM will let the world know! 

[Zerosum]

I think "we" which I use in a pejorative sense, don't fully understand the implications SCY offers some of the large extraction industry players. I certainly don’t think it’s being valued in either. Well no team will get you this off the radar not well understood value opportunity staring some large extraction industry players I think Mr, Bristow being a more astute extraction

[Zerosum]

So NGM at least the Barrick side anyway, likely can't belive their luck that this little scandium (miss named) company with no market and no money run by techno philes, knocked on their door with all these upside goodies. Do you think they will let SCY get away? A poorly marketed sleeper story like this? That could be worth Billions... Not a F...ing chance. SCY can't get where it want'

[Zerosum]

So the question for SCY holders is do we get gobbled up in one to two years and for what? And do we spin out the scandium story for current market valuations of 0.20. Or do we remain some what atonomous and build on the Phoenix results growing in market cap until we are taken seriously by the more copper produces to see a bid come in later in 3-5 years nearer 1 billion in value? Or does an astute

[northmark]

I think Barrick will keep SCY on a short leash. If this turns out to be a winner and Barrick has bank rolled the project I'm sure they will have first shot at keeping it all. 

[ChiliWillie]

Barrick may be cash rich but SCY holds the patent on the process.  They might get the first shot but you can bet that there will be a number of big guys out there that won't want that to happen. I see SCY progressing to an offsite raffinate processing plant with numberous clients.  At that stage they can finance Ningan themselves.

[Zerosum]

At that stage they can finance Ningan themselves. They will never fund Nyngan themselves. Why would they? Bloom would be the only potential reason if they had a legally binding comitment in hand. I don't see Bloom looking at SCY right now. They have talked in the past but terms were very unfavourable towards SCY. Who knows, maybe they are a little more cooperative after their 4.5 Billion deal

[northmark]

How are they keeping the lights on right now?

[Zerosum]

They have some cash. Also a lot of the debt on the books is in the form of funds owed to contract work from employees. So as long as they see progeress they don't rock the boat. I guess.