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Scandium International Mining Corp T.SCY

Alternate Symbol(s):  SCYYF

Scandium International Mining Corp. is a mineral exploration and development company. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km) northwest of Sydney, New South Wales (NSW), Australia and approximately 20 km due west from the town of Nyngan. The Company has a 100% interest in an exploration license (EL 7977) covering the Honeybugle Scandium property. The Honeybugle Scandium property covers over 34.7 square kilometers and is located 24 km from the Nyngan Scandium Project. The property includes four distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The Company's subsidiaries include EMC Metals Australia Pty. Ltd., EMC Metals USA Inc., Scandium International Mining Corp. Norway AS and others.


TSX:SCY - Post by User

Comment by Zerosumon Apr 18, 2022 11:24am
195 Views
Post# 34609998

RE:RE:RE:SCY's New (old) strategy and management

RE:RE:RE:SCY's New (old) strategy and management

This was always going to be a Waterloo moment for some on the BOD. So, read into that what you will but I think it's obvious. But remember what was just said:

 “The board believes, as do I, the Nyngan Scandium Project, with a full mining license, is an extremely valuable asset in an OECD jurisdiction at a time when major aluminum producers across the globe are openly exploring the potential and merits of scandium, including investing in modular production for commercial sale of scandium. As the market for scandium grows and the need for scalable volumes arises, it is my firm belief that the Nyngan Scandium Project will grow in strategic value to all stakeholders. The best pathway forward to maximize value for shareholders of Scandium International is to maintain the position of Nyngan for when the market is ready for it and direct available capital resources toward that mission. I am excited about the future of scandium in global applications, and the role that Nyngan and Honeybugle, our other scandium property in NSW Australia, will play in that supply chain.”

In that one paragraph I've witnessed more upbeat messaging than I've seen ever about the assets in NSW. Perhaps gone is the undersell. Perhaps we move into reality sell, Do you actually think these assets are only worth $0.11 or $0.16 or $0.25? I do not.

In that one paragraph I've witnessed more upbeat messageing than I've seen ever about the assest in NSW. Perhaps gone is the undersell. Perhaps we move into reality sell, Do you actually think thise assests are ony worth $0.11 or $0.16 or $0.25? I do not.
 

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