RE:RE:RE:RE:New corporate presentation: HPA project is well underway When low grade alumina is worth $300 - $500 a tonne - assuming a tonne is 2,200 lbs., a tonne of recovered copper is $9570.00 at $4.35 a lb. All the extra acid which is expensive that is needed to clear alumina out at only $300-500 a tonne would eat up that profit or not worth taking out. What SCY brings to the table is the ability to remove the low grade alumina and boost it to HPA alumina on site which is currently is worth $25,000 a tonne. Now that should get the SXEW copper miners attention That’s almost 3x what they get from a tonne of copper at $4.35lb. It certainly got NGM’s attention. The HPA patent awaiting approval or rejection is important for approaching FreePort and Asarco. As for NGM, the patent does not matter. They have said lets get the HPA out of our copper streams now.
It’s worth it to them to do this because it is a revenue stream at $25,000 a tonne and in a growing HPA market it could be $30,000 a tonne soon and because it allows them to extend the mine life through mining lower grades because now you have the HPA booster. As well as the other CMR’s SCY can help recover to make up for the lower grades. Mining lower grades extends mine life on your permitted mine so you avoid all the headaches of new mine permitting longer and are not left with a gap in your mine production as one mine gets depleted before a new mine is commissioned. It also vastly reduces reclamation costs. And environment; leaching issues. Yes SCY is really a better mouse trap yet it struggles to raise even small amounts of capital in these markets which are very favourable to Green stories this is a great concern. Why? Getting the patent would be a game changer for SCY because they would own the tech outright and be able to apply it to all the other SXEW copper mines in the USA. And there are many. If that happened then SCY would most certainly be taken over in a hurry. Or should be. In fact the patent may be the turning point for a takeover. H2 2022 on that.
This is the reason that Freeport may want to own SCY. Additional revenues from HPA, greater recoveries through mining longer into the mines current projected mine life and greener carbon credits. The new SCY CP does not really delve into all these copper mine benefits, I suspect there is fear about talking up the benefits SCY can bestow until it has a decision on the HPA extraction patent. I don’t really know. However SCY’s talking about HPA refineries off site and I suspect this is a bridge to far right now. So what does the market want to hear right now. I think they should really be taking about the benefits they offer large copper miners with or without the patent. Not gaining the patent does not stop the story they can still apply the technology across many SXEW copper mines around the globe. Besides has anyone else filed a similar patent! So why not raise funds on those principals. Stop confusing the issues with all kinds of scandium, CMR, off site refinery’s. Go after why these copper miners will want to work with us. Because without them SCY is not anything. Jetti modelled it’s narrative around existing copper miners they had no issue raising funds. What we can do for your existing permitted copper mine. It speaks for itself. Somehow that does not come through clearly.
If you are not getting the proper response when you tell the story, are telling the actual story? What is the story in the near term? I don’t think it’s off site refineries for 100 million Alex.