RE:Ellis Martin Report with New Age Metals' Harry BarrThanks for this!
As per Harry Barr " we wouldn't be moving towards a PEA (Q1 2019) if we didn't feel this was an economicly viable mine".
SEDAR 43-101 to be released in 1 - 2 weeks.
$7.2 Billion
They won't produce, they will bring in a major partner to mine it all.
Going to run this with a JV as a series of open pit mines. NAM and Mojor partner JV to concentrate onsite like North American Palladium, and ship concentrate down the road to Sudbury.
12 - 18 moinths at the outside for a JV partner.
They are also looking at PGM and rare earth metals in Alaska. Aquisition for a PGM Alaska property on the radar. Nobody is looking for PGMs in Alaska so there is a big opprotunity there. Immediately partner up for any Alaska property.
Lithium division partnered will with Azincourt energy. Big drill project and money invested this summer / fall.
$4 million commitment over 4 years for the lithium division.
Very big focus on using other partners money to develop instead of dilluting shares or going alone. Harry emphaticly states NAM is NOT in a position to go alone or mine these properties alone.
A very good listen.
BR