A complete transformationThat’s what I believe is going on right now…
SCY used to be focused on bringing the Nyngan scandium project into production as their main goal. Hunting for offtakes, etc. That is all going to change. The new SCY won’t be a typical mining company, most of the revenues in the near term will come from IP and the sale of critical metals.
In 2020 management has given us a glimpse of their new mission/strategy. The recent InvestorIntel article confirms/announces this transformation.
https://investorintel.com/markets/technology-metals/technology-metals-intel/kozak-on-scandium-in-lithium-ion-batteries-says-now-it-gets-interesting/ The new SCY will have 4 profit models, and it used to be 1
https://stockhouse.com/companies/bullboard/t.scy/scandium-international-mining-corp?postid=32567108 Each profit model needs its own careful planning, financing and organization (people). This is why I believe it’s taking so long since we last had an update.
The old story discontinues; a new story is in the making. People looking for an update of the corporate presentation, another scandium promotion, an offtake agreement, a LOI, interview with GP, update on the copper waste stream initiative or the announcement of an IR-person will get disappointed. It won’t happen.
First the NEW SCY will be presented, with new goals, strategy, actions/projects, timelines, economics and structure (people/staff).
This is what I get when I’m just trying to fit all the puzzle pieces together. What do you think?