RE:RE:RE:RE:RE:RE:Fundamental ResearchThat would be pure speculation but i can give it a try.
Most juniors on the venture have land properties near/next "Real" players that have a real plan, capital and will and are doing something. Most of their valuation relies and greeroot land package and a succesfull discovery of a neigbor.
While these same juniors sometimes have other interesting assests, they have no plan of developping or exploring their assests. Main reason : no money or worthless assets.
With positive cashflow (potentially) coming into RRS starting next year, that is money to acquire some land package from distressed juniors or from juniors having their priorities set somewhere else. AS per exemple, we sold our Pen South property to Rapier last summer to focus on Silicon Ridge. RRS could be the one doing acquisition of land...
But i guess you have more interest in knowing what commodity. The idea is to try to find a commodity/activity that can withstand all stages of commodity cycle.
Our Nickel and Iron ore are out of money rightnow, but both land are prospective for gold.
I don't think the plan would be to try to find more minerals our our current properties, but rather go to more de-risked projects that need deveoppment more that exploration, or that the certainty of "viable mineralisation" is already guaranteed by previous field work.
A)For one thing, now that we are getting experience in the silica Field, getting a mining permit instead of surface mineral( quarry) could be a safe option to grow the business. All depends on how the other stakeholders and infrastructure could support additional volume. But surely there is additional volume potential within a 2-3 years window for silicon ridge. That could be a first project right there.
Still in the silica business, we could certainly acquire undevelopped silica assests and or target more high value product.
B) Cobalt is a hot commodity(long term demain), and is a by-product, requires mainly same set of skills that mining nickel,gold,silver,copper,etc.. so, we could do find something to buy that has good cobalt %, and high grade one of the above(appart from nickel i guess).
C) We could do a JV with one partner in Iceland/Europe/Germany and build a Ferro/Silicon plan in Qc (take-over the ferro atlantica project). That would be high Capex, but we could JV..
D) I heard that some commodities can be integrated quiet "easily" into final transformed product.
With Qc being a low cost energy region, we could find some minerals we have in great quantity in Qc, that is currently not profitable as a bulk refined ore, but that can be a good business when transformed into a high value final product. So we could inegrate the value chain from the star.
Exemple, electrode or magnet business. Graphite or Copper for exemple.
I think the A option is the more likely to happen, and then, C and then, that is really really just exemples.
But management will be looking for "quick to cash flow" assests with relatively low capex.
muchogusto wrote:
@LeMarcus , can you become more specific about what this opportunity could be ?
What is Rogue Resources doing? Information on the Website:
Rogue is a mining company focused on generating positive cash flow from assets. Not tied to any metal, Rogue looks at rock value, searching for good grade deposits that can withstand all stages of the metal market price cycle. The team is experienced in analyzing, financing, advancing, building and running operations- to make money, as miners. The Company's current focus is the Silicon Ridge Project in Quebec.
LeMarcus wrote:
I know we have to focus on getting current project online, but we are so close to D -Day (speculation), i'm already eager to get to the next project. I know management are putting their focus on Silicon Ridge, but they also reviewed many many opportunity for once Silicon ridge gives some $$$ to re-invest and some Market Cap to attrack new investors.
THANKS & GLTA