RE:RE:How about stillwater miningShare Price is anybody guess....no crystal ball here...if anyone had one we would all be on that desert island drinking phoo-phoo drinks!
However, looking at Stillwater, sitting at about $15 clams, and their operation...taking out about 3 bucks a share for their recycling, just a guess, they are still at 12 and mining in Montana. Study their reserves a bit and compare them.
If we could get Shakespeare up and running, let us take 1.2 mill profit per year from that...not a whole lot, but pays for the bread and butter, the steak is still Wellgreen. This takes us from Junior Miner to Miner, for starters. It allows us the opportuniy to hang with the Vale's and Glencore's of the world...and shows that we can operate a mine profitably.
Now, lets get to the steak...Wellgreen ore deposit is going to be compared to the Norilsk, Russia, and the Duluth Complex, Minnesota in the near future. We will be looking a a mine plan exceeding 50+ years once up and running based on world economics. The approach this management team is taking,at present, to lower the CAPEX to hit the higher grde stater pits and have an early payback, much less that 6.4 years, will be very attractive to the banks when it comes time to fund the early operations. Doing a nickel/PGM and a copper/PGM concentrate allows for one or two steps less in the actual mining process, thus lower operationa cost. Shipping this to the Asian Market end user. This is kinda what we may see as we look at a Joint Venture coming down the pipeline, meaning the end users will fund us in some way to allow cash for future concentrate...or other creative juggling like this. Sure it would be great to have a buyout, however, in the reality of where the juniors are trying to continue their fund raising and most producers trying to cut costs at their existing operations...I really do see a detailed joint venture that will take us all the way threw to the final permit to mine and operation of this mine. Look at not just the CEO, but look at ...
John Sagman (P.Eng., PMP) – Senior Vice President and Chief Operating Officer
Appointed to Prophecy Platinum in fall 2012, John Sagman holds a degree in Mining and Mineral Process Engineering from the University of British Columbia and has over thirty years of mining experience including the design, development, commissioning and management of both open pit and underground mining projects. Mr. Sagman formerly held the position of Vice President of Technical Services with Capstone Mining Corp. where he oversaw reserve estimates, prefeasibility studies, mining methods, equipment selection and drove the ongoing improvement of technical processes. John lead Phase V of Prefeasibility studies at the Minto copper-gold mine; an open pit mine that produced 37 million pounds of copper in 2011 and is located approximately 150km from the Wellgreen deposit.
Mr. Sagman has an extensive background of related project management success with major mining operations, including Vale’s Totten Ni-Cu-PGM mine as well as Xstrata Nickel’s Craig, Fraser, Lockerby, Strathcona and SMRQ Raglan projects.
Mr. Sagman received his Project Management Professional designation in 2010 and is licensed with the Association of Professional Engineers and Geoscientists of British Columbia.
he is actually the meat on the bone in this entire situation. and do not forget the CFO has been involved in some stellar financial planning before, as well.
Beyond all this, we have first and formost a serious ore deposit, the story only gets better as we move toward the future. The share price is what it is these days. We drift down on little volume...and this crazy talk of JL and or PCY selling is a silly side show. The guy we should be looking at, if any at all, is the one investor that bought at .42 "from" PCY. he controls the most shares, by far, if he wanted to sell a few and double his money would you blame him? or if he wanted this to run up he would allow it to. I say just sit back and relax with this one, she will take her due coarse as they update the Met results, PEA, and the M&I.
adding the Kluane First Nation relationship, good standing, and the Yukon government being on board with developing mine plans "with" companies has a lot to say these days when you read the mess in Africa and Russia. Not to mention the nightmare in the US with trying to get permits to mine...every environ"mental"ist group fighting you all the way. Just look at what they did to the Pebble mine after Anglo had like 500 mil into that with Marathon and then pulled the plug because of the EPA. Do not get me started with them. Point is to not underestimate the fantastic relationship we have with the proper authorities in this case with a fully permitted Shakespeare mine and also with respect to Wellgreen deposit.