RE:RE:Good luck to all!Caffee:
Happy to hear you mention that there is enough waste. Your friend LidLid hs been accusing the management to lie about it. I think that ProOrbite was answering him.
Again, it is difficult to answer so many questions, as all of them would involve long answers and details, but I will do my best to answer some of them. I will also go by memory, so please be aware that some details might not be 100% accurate, but if needs be, what I will write could be corrected or completed.
The extent of details that you are looking at are usually found in the big and costly 43-101 report.The PEA, PFS and FS are supposed to give a lot of details on the CAPEX and for the OPEX.
With the recycling or urban mining business stream of GMA (as opposed to traditional mining), GMA does not need to pay tens of millions to prepare these reports. As long as GMA does not mine in the traditional term, these reports are not necessary. So, you will not find the exact details that you are looking for in terms of cost.
That does not mean that your questions are irrelevant. And GMA (as well as some others) provided some answers.
Recently, GMA publicly disclosed its number for its first demonstration plant (including OPEX and CAPEX). Before entering into details, a bit of context. How can we presume that GMA can estimate properly the cost of the feeds and transport? I guess that the last few years helped them doing it:
- GMA offers REE oxide since 1 or 2 years in small quantities (please see website). It discussed with end users and received feeds that it treated;
- GMA worked in a REE recycling project with the university of Liege and received some feeds;
- GMA signed LOI with end users (see corporate presentation) and discussions obviously took place in terms of pricing;
- GMA signed a contract with GITI as its sale agents in (Europe and Asia??). This company are apparently experts in selling REE oxide around the world;
Now in terms of numbers, GMA has always been very conservative and slow movers. But numbers were provided publicly for the expected Sales, costs, and profits. These numbers were also discussed by Newton at CEO.ca and these numbers were crunched and compared with other companies with similar business model. And this is only for one plant, and now, we hear more and more discussions about 2 plants in the short term (one poster mentioned it as well as the corporate presentation if I am not mistaken).
You will not have to wait that long for the costs, since the plant seems to move forward. Therefore, the financial statements will speak for themselves.
In terms of the source, you can see the LOI signed by GMA in the corporate presentation. Apparently, offtake agreements should be disclosed Q4 2019 or Q1 2020. We should know more about the sources, but as Pro Orbite mentioned, it does not seem to be a real issues. And if GMA needs more feeds, remember that mining might be an option in the future as GMA holds Montvieil (see the 3 reports published maybe 5 years ago by Danny Deadlock with respect to the potential of Montvieil).
In addition, other business sectors are apparently contacting GMA to equire whether or not GMA can help them (outside REE). These opportunities will apparently be discussed after the implementation of the first plant (see Newton interview on youtube about that).
Finally, how GMA will choose the feed is apparently in the hands of GMA. They are testing the feeds and will only accept the feeds with high demand and high price potential (see multiple interviews about that). That's another indication that the amount of feed does not seem to be problematic.
Moulouk
caffee1 wrote: Hi Pro Orbite, perhaps there is some confusion in discussion. Of course there is enough waste around the world to make recycling attractive. No need to yell or scream.
I assume Mr Mugerman gave more details in conversation than just a simple...yes there is lots waste? A long conversation?
Being an observer of REE sector and interested party in GMA I also wonder about the details of where all future feedstock will come from specifically. The Sources. And what are costs involved? What about the quality of waste and differentiation of streams of waste? How will the waste be transported? What is the overall flow sheet process look like with breakdown in costs of each component that make up the end result which basically is a promise to produce a multi million dollar profit by 2020? A bit short on details on website.
so am just asking