Interesting point here?Hey fellow bullborders! It would seem that Geomega already has enought waste streams
to fullfill production of 1T per day target for the year 2020. Lets assume that Geomega will not operate on weekends and or stat holidays. There are a total of 260 days in the year excluding weeknds. Then we have about 8 statutory holidays in that year as well. so that would be 252 approximate days of production @ 1tpd.
Geomega has already sourced LOI.
•LOI with Rock Link –100 to 200 tpy German based specialist in production waste and EOL recycling
•LOI with U.S. based magnet manufacturer –12 to 24 tpy.
So if geomega Maxed out on those two waste LOI that would be 200+24= 224tpy.
I would not doubt that they have some stock already on hand. But if they maxed those LOI it would be 224 days @ 1tpd just shy of the 252. Which is 28 days shy. Thats it. Let me know if I'm misssing something as these are just my thoughts an opinions. But if they start production at the end of January Q1 the first year 2020 would be covered so to say. Thats still aways off.
We all know that they are still finding additional feed sources as well; and it never hurts to have more streams as well. Maybe that they are pickey and want quality waste streams. Thats mentioned in their presentation on the HG website pg 13
https://howardgroupinc.com/geomega-resources-inc/#tab-id-4
They are also testing/processing concentrate from University of Liege..Or are they waiting for the final results from here?
"Innord will be conducting separation testing on rare earth element (“REE”) concentrates produced by University of Liege from magnets contained in hybrid and electric vehicles which are recovered through the pilot study. Participating in this study opens the door for a potential new supply source through recycling electric motors from the transportation industry in the future"
https://ressourcesgeomega.ca/wp-content/uploads/2018/11/2018-11-25-recycling_EN_final.pdf
So I await the final FEED study to bring in more clarity as well..
GLTA!
As always do your own DD. And this is not investment advice.