They are still in the engagement stage.
And the work started well before June 2021. That’s just when our team decided to tell us about it.
Because, well you know we don’t need to know! It started months before that.
Months! Because our CEO values silence over price discovery in the stock.
Yet, he has to use the stock to raise funds. That’s a Paradox!
They have NOT talked to FCX yet.
They are awaiting a go signal and proof of concept at scale from NGM first.
This is silly and unproductive IMO. FCX is ready to pounce on this tech if SCY do not get the patent. The patent can be amended further however to delays that any negative outcome to SCY at infinitum. So FCX will just steel the NGM guys who know the process and proceed and deal with lawsuits as they arrive. What provisions are in place should this happen?
Would it not be better in that case to be able to put down on paper they talked to FCX !
Agree WD has pulled HPA using this process already.
It’s at a scaling at what cost issue. SCY may now be concerned NGM gets tricky with the final approvals and process and steel the IP for themselves or make the final green light a delayed status while SCY whither on the vine because they know what is involves now.
Why would NGM (Barrick) get involved… They see the margins? Regardless of any diversity into copper and battery metals. They see the margins which put the margins in their gold production to shame. They are huge with no extra mining required. So why does SCY trade at 0.14? Sure NGM may see this as a huge opportunity to diversify into the extremely attractive market for critical minerals, globally.
SCY and Barrick, partners for life!
Hold on there sunshine. I would tell the team this, because they don’t seem to view it like that.
I get the impressions they will only be 50/50 partners ate NGM mine alone. Whereas therefore SCY can then go to FCX with their tech and work out deals with their six SXEW mines in the USA.
Which however and considering they have not talked yet would suggest it would take years to sign deals. But I could be wrong maybe that could happen fast once HNG has proved this works.
So if you think SCY and Barrick, partners for life! Then it’s because you think Barrick will not let this cash cow get into FCX’s hands. They will want to won it. So if that is the case what is SCY worth to this global miner in 3, 5, 10 years. Because if the BOD are haded an offer at 0.50 how do we know they don’ t snap that up. Remember 0,50 represents a huge pay day for most on the BOD while fo us smaller holders it would represent a missed opportunity. So we had better understand what we are worth to FCX as well and price ourselves of six to ten SXEW mines and annual production of HPA of 30 tones or even 50 tones all allotted to SCY at $6,000 cost per ton selling at $22,000 - $35,000 per ton. Then throw in CMR and Nyngan anyone care to opine on what SCY is really worth!
Because you would not know it’s worth anything near 30-50 tons of HPA from the way the stock acts currently. Why is that?