You know what to doYou bash on the french board (Fronde) and you cry like a baby on this board. Warren Buffett has said: SE is simple, it's the impatient people giving their money to patient people. Yes, the SP is low because most of the investors don't take the time to be informed. In the March presentation from MDN, we can see different graphs with the price of Niobium and Tantalum. For the one that can read between the lines, from the preliminary study, we have more than 90% chance to beat the 1st estimate of 13,9% ROC for Crevier.
But like I said on the french board, people dont know Niobec, the most profitable asset of of IAM Gold because investors want to hear about gold mines. Niobec is a real cash cow for IMG with a cashflow around $80 Millions per year. This mine is running for more than 35 years.
With the new PLAN NORD presented in the last Quebec budget, money will be available to develop the necessary infrastructure like roads and electricity to support the involved companies. In this matter, the Quebec government announced the construction of a new road to facilitate the construction of a diamond mine by Stornoway. Crevier is located in the north and will get support from the Quebec government. So it is just a matter of months before Crevier takes a concrete form for the investors.
Without a feasability study, it is impossible to get the financing from the bank. So waht I,m saying right now, get away from the screen for 5 to 6 months and let see what will happen.
To finish, the V.P. exploration is more competent for Tanzania that the one before. The geology of Tanzania is similar to the one from Quebec and M. Boisvert has worked many years in both countries.