A bunch of thingsI'm still here and bored so I have time to write something that's likely too long. Sorry. When I look back at all that's going on at HUD there is so much info available and not much seems to make it through to everyone.
Like some of you I try to reach out to HUD for answers and sometimes I get lucky. Recently after the Nb results i got flipped some answers that another investor must have already asked. Lots of these questions are asked in the Bullboard already but maybe not all have the answers.
1. The one about buying the smallest and true Weir machine and how dumb mgmt was - well the secondary HPGR in the plant is one of Weir's standard designs and IS the smallest HPGR they make. It was purchased only after Weir ran a trial with HUD's anorthrosite on the exact same unit in Germany.
2. The one about wasting funds for drilling results - it states these are grab samples, literally an axe and hammer - no costs other then there time. Plus if you take a look at the new article posted by Isabella Zavarise it says they are looking at 1 sq km or 1,000,000 sq m. 1 sq m of rock is close enough to 1 tonne. At the average rate of 19% Nb at $42 usd per kg that means each cubic m is worth roughly $8000 USD. At 1,000,000 sq m assuming doesn't extend in any direction or go any deeper that's $8B USD. Could be a good return on grab samples.
3. Where will the money come to finance this. That's a good question. They could have got it if the Lenders had of exercised their warrants by last night at $0.325 per for 29 million shares but lucky they didn't as we really don't need that much more dilution. No doubt money will need to be raised but it won't require much as its not that big a project. Also we know the US government is aware of things. The US Export- Import Bank just recently signed a LOI with Ironbark in way northern Greenland for in excess of $200,000,000 to help develop a mine. More then likely EX-IM is in discussions with HUD but thats the sort of thing an NDA covers.
4. When will management get the Weir equipment to work? That is the responsibility of the vendor and HUD has been pushing them since Q1 2019.
5. The complaint of not enough pictures and production numbers. Well like any company with a product like HUD's they are not going to show production numbers or warehouse pictures for competitive reasons. If things are as rosy as we alll want them to be someone is going to come along and buy them out for a song which no one wants.
6. Saying they can't spend any money on anything but the plant - well it needs to be understood that Hudson Resources and Hudson Greenland are effectively different companies. Each has their own Boards, managements and budgets. If HR didn't spend on the Nb they would be negligent.
7. to call the announcement a joke also seems a bit of a stretch. HUD just outlined the richest Nb occurence in the world. That's no joke.
As for White Mountain there is incredible stuff going on as hinted in Jim Cambons recent statement. The below link shows a project going on in Norway to produce green aluminum with importantly calcium carbonate as a by product.
https://translate.google.com/translate?hl=da&sl=no&tl=en&u=https%3A%2F%2Fwww.geoforskning.no%2Fnyheter%2Fbergverk%2F2386-mulig-nytt-rastoff-for-smelteverkene Green aluminum will greatly lower CO2 and gets rid of the red sludge ponds . It's a big deal. HUD did not supply this group with their feedstock at first but is believed to be doing so recently as the group had been somewhat successful with their original feedstock but HUD's is so much superior results are expected to be perfect. Also as the Anorthosite from Norway is underground, in a Unesco site and high in sodium it really isn't an option. The purest feedstock in the world comes from HUD and its on the surface. This is happening. Maybe 2021 if we are lucky HUD's anorthosite makes green aluminum. If so it won't be long before HUD owns 100% again of HG as they will have plenty of $ to buy back the shares.
Then if you do some more digging around with hints from Jim's message HUD's other target is CO2 free cement. Trials and tests are ongoing around the world to make this a reality but in each case the feedstock is pretty consistent. It's calcium carbonate. Was this hinted at in his message. Can HUD supply Anorthosite to make green aluminum and use its by product to make CO2 free cement. Sure it's speculative but a $0.30 stock is speculative and what a tremendous upside.
There's by-product from making CO2 free cement as well that could make the picture even more perfect.
I get its been forever but the new board, the new environment, just everything seems to finally be coming together.
Ok I'll stop for another year.