All you need to knowFrom Pendura (CEO)- Vancouver presentation Oct 3
Kerry Lutz interview 2 weeks ago
Recently signed NDA with a substantial partner in space.
They have had at least two visits to the plant in Greeneville.
Pendura-"They've got big plans for us and we have big plans for them"
70,000 oz's per year- 2.5 ton modules for 10 tpd "which can be expanded"
7-8 million capex (for all 4 modules)with payback in less than a year, closer to 6 months
Revenue for 4 modules in excess of 100 million
These are all taken from the most recent interviews and presentations. If the numbers don't add up for
all you arm chair quarterbacks, I think one misses the hidden point that we have already been told, that module 2 , 3 , and 4 will be "different than module 1. One can only assume that the main difference is increased tonnage. Which equals increased revenue and oz's. It appears the CEO is being conservative and on the safe side, and as soon as module one is successful at 2.5 tons ( wouldn't be surprised if it can do a significant percentage more than that) Mr. Pendura will be able to give an appropriate update on the expansion of this first CC plant, in Tennessee. The cat will be let out of the bag, finally.
What do we have here?
1.A Made in America solution to urban mine PGM's- instead of relying on Russia and South Africa
with conventional mining that has a hand in destroying the environment/
2. A first mover solution to extract PGM's from diesel catalytic converters of all kinds, as smelters do
not want them.
3. A second revenue source of Carbon Credits
4. There is no build-up of tailings as the remains find a second home with an NDA already signed that has other industrial uses
5. A commissioned commercial plant that is ramping up production, currently that in a short while will
produce the 2.5 tons for module one, and validation.
6. Most recent news release, excellent recoveries through the WHOLE process. Batch testng or not, still excellent recoveries, another positive step, to next stage....
All this has been done since the start-up in a lab in 2020 . Three years.
Conventional mining could take 10 years to build a PGM mine,(look at what Generation Mining(also has copper) is going through presently) with astronomical capex from staking property all the way through to commissionng of a mine. Capex to build a mine can NEVER be paid back in under a year.
For all us armchair quarterbacks, the truth will come out very shortly. Buy some shares or not.
But........I think on this whole story, one must look at the bigger picture, and it could be a real beauty.
We will know sooner than later., looking forward to Pendura "letting the cat out of the bag"........glta