Post by
EndZonefor7 on Oct 04, 2021 3:25pm
Webinar
Informative webinar. As apapas has said they are on the hunt for more cash by January. Will be interesting how they structure it.
Results in next 4 to 8 weeks due to assay lab delays. Mark did say "don't read anything into this" delay, and that they would have to put out good or bad numbers if they knew.
Did say he believes we will see a "significant re-rate" once market sees what we have here. I assume he means once next results roll out.
Several mentions comparing to other sulphide mines and the majors current takouts taking place.
Definitely has a long term vision with the potential to be taken out for the "right price".
Looking forward to Mikey's core shack video.
Comment by
apapas1973 on Oct 04, 2021 3:46pm
Thanks so much for that webinar update endzone. Much appreciated.
Comment by
Rm90090 on Oct 04, 2021 4:07pm
Also, he said that most likely a deal with a strategic will be with a major mining company and not the EV/Battery companies as they don't like to get involved with companies at a junior level. This was surprising to me considering Tesla's deal with Piedmont lithium. Did I hear that correctly?
Comment by
EndZonefor7 on Oct 04, 2021 4:42pm
I think you heard correctly Rm90090. I believe he's touched on this before that EV/Battery companies only get involved if the miner is close to or in production. He also said last time he didn't need Tesla to sell our nickel, which tells me there is more interest from the bigger miners/steel guys than we know.
Comment by
Rm90090 on Oct 04, 2021 5:21pm
Thanks Endzone. It's too bad as I was hoping for a stragic deal with an EV company. This contract would allow them to obtain the funding they need to complete the rest of the setup project. It seems that the next step is really for them to do one of two things: 1) Get taken out by a major; or 2) Sign a partnership with a major.
Comment by
EndZonefor7 on Oct 04, 2021 6:42pm
No prob RM. I'm thinking that if you're only willing to part with 50% of your nickel for EV then a major would be the way go. The EV maker probably won't want to finance an entire mine where half has no bearing on them. A 50/50 deal is always possible tho.