RE: RE: The strategic business plan Here are some of the comments where you just shake your head and are an absolute joke:
Wait for the feasibility study, all questions will be answered! This is silly, the basic business plan (what product you're going to produce, how you're going to power your plant and ship your product through ice-clogged waters) should have been vetted by a scoping study and a pre-feasibility study.
If you are all interested, you can go onto SEDAR and actually read the scoping study or pre-feasibility study. If you read the document, it clearly outlines the businsee plan of a nugget operation...how the product will be mined, produced, shipped, etc etc...is it a different product from a concentrate. Of course it is but note that you need an iron concentrate (greater than 60% with less than 8% SiO2) and fine coal to begin the process of producing a nugget. Therefore regardless of whether the company had initial thoughts of a nugget operation, a concentrate product would have been required anyway. So what changed is the end product going from a nugget to a concentrate. Everything else in the pre-feasibility study which outlines the concentrate facility, the port, mine design etc remain the same. You will actually see many of these elements in the final Feasibility Report....What goes away are the 2 ITMK3 process plants which would have been fed iron concentrate. So thinking that AXI is waiting for the final feasibility strudy to reveal the most basic details fo their business plan is an absolute false statement...and knowing where the statement came from you should not be suprised..