My concern...
Hi everyone,
I'm in with EFG since many months now and I would like to thank all the active members of this board for sharing there experience and knowledge with us. I don't know much about REM mining, but I try to gather and learn from it as much as possible, because it's really the material of the future. Right now Lithium is at petroleum products in 1900's when there was very few cars running on gas. We all know the booming story of petroleum products for the last 100 years.
My concern about EFG is the following. In Val d'Or there is a lot of know-how with mining and specially with gold. They have the equipment to extract gold minerals, the experience miners, the mills etc. They named the city 'Val d'Or' which means 'Gold valley'. All the Grandma's in Val d'Or have there own recipe on how to extract gold. But what about extracting, processing, milling and selling back the REM. Will it need a lot of investing and time in R&D before they start producing? What is your best guest for a start of production date? If we compare to other REM miners, what would be the investiment cost in R&D (a lot of it paidback by the Quebec government) and production equipment?
Thanks for your help.