RE:another articleGood find,Texstyle. Great to see HUD get some independent coverage. The article points out what longs have known for years re the uniqueness of this discovery. The writer seens a bit concerned with the limited number of drill holes,but if the indicated and inferred are close to actual then HUD has sufficient anorthosite at 3,000,000 tons per year to last for 20 years of production. Also, as I recall, the 60 million tons only represented about 5% of the potential. Don't think they will have a problem with supply if the figures are close to accurate.
Cubalibra,your comments are also on the mark.Meeting timelines and expectations have been a bigger problem for HUD than marketing, although I somewhat agree with the writer that marketing has also been less than stellar,I have often wondered if they had too many irons in the fire at once,particularly for a junior. It sometimes seemed that they were introducing so many possible applications and presenting them as if new off-takes were iminate and always in advance stages of discussions with the hope that one would be successful. The timing,IMHO, was off and they would have been better served by concentrating on bringing the mine to production and supplying the existing contract with OC before spending time and energy on so many additional applications that it drained their energy and resources to the limit. i agree that the big dollars are with the alumina and paint and filler industries. Because of the greening of society and the need for industries to remain competive, these other applications would happen, but they needed the positive cash flow in place first from the eglass industries before ventering too far afield into industries requiring a much greater funding base. My hope now if for a solid partner to enter and assist with funding for these other applications.
The potential rewards from this project have always been huge. Execution is now at the forefront if they hope to succeed. I hope investors will soon receive the needed details from HUD to instill the confidence required for present and future investors to feel more secure in their their investing decisions.
GLTA