RE:NRThis NR is encouraging as it puts enphasis on our anorthosite as "an exceptional feed material" for e-glass producers.The release also states that we are in "an enviable position in the mining industry" now that we have governmental approval and a binding 10 year agreement with OC for supplying our product to them.A considerable achievment for a junior in these difficult times.
IMHO this investment has been considerably de-risked now that we have a guaranteed buyer for our initial production outputs and strong government support as well as initial financing to get us started on construction. We should be in excellent shape to get the balance of the monies required to take us to production and at competive rates.
The release was scant on details re the additional off-takes that are outlined for completion by year's end but I have no doubt Jamie and team are actively persuing these as well. After construction concludes the end of Oct. until next Spring, they should have more time to finalize additional agreements and I'm hoping for at least one or two more partnership announcements before the end of the year.
We should soon be getting the attention of the broader investment community as more positive NR are issued. As we progress, I'm sure some conglormates have us on their radar.If we can advance the project a bit further into production and obtain additional off-takes our value and SP will increase expotentially. Hopefully any hostile bids can be put off until then.
At any rate, we are in for some exciting and,IMHO, profitable times for all longs.
One poster I have missed over the past while is Poolboy. He/she offered some valuable and knowledgeable insights in the past and it would be nice to receive his imput again especially at this pivitol time in our evolution into the world's most abundant and unique producer of anorthosite.
GLTA