5 - OWNERS with 100% STAKE Imagine forknowing this important piece of information ?
Not on website.
Nor, in tech reports.
What shareholders only see is - # company.
Yet , numbered company has several players involved each with 100%.
Look how long it took me to find whose behind the # company.
Why were the exotics not recognized in, 2023 OFS ?
PGM's never fully pulled from magnetite but thrown back in, concentrates ?
Magnesium never factored as a credit ?
Yet... sulphur is, when minerals are sulphides ?
5 Owners x 100%
= they'll never lose ( each always own 100% )
One could keep the stock at 1 cent indefinitely and never a worry.
Always own 100%.
Staff always paid in shares, warrants, options
Who loses ? Who suffers ?
Common shareholders who eagerly wait for, decent share price.
Year after, year. Month after month. Daily.... ( in high inflation times )
5 - 100% owners
Affords owners lots of - perks
Install own team members - boards, directors etc....
Guide the project any which way they want
= Pointless for a shareholder calling the junior for an update or to offer input
March 01 2017 ( infamous Press )
Same phase 1 bulk concentrate figures as the pdf financial report.
Press has same numbers - 2 domains - 2 concentrates
Phase 1 Metallurgical Program has succeeded in achieving all its objectives, including production of a quality, marketable bulk Ni-Cu-PGM concentrate at
11.9% Ni-Cu grade for the Peridotite domain and at
14.3% Ni-Cu grade for the Clinopyroxenite domain
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2017/Wellgreen-Platinum-Announces-Results-of-Metallurgical-Testwork/default.aspx
See anything missing ?
Those are very decent bulk concentrate %'s
2 concentrates ( different geologies )
What's missing in the 2 concentrate equations ?
PGM values
How many tonnes does one need to process with, 0.26% Ni 0.16% Cu
to achieve those bulk con grades for each domain ?
LOTS of tonnage
It's not until one scrolls down the page in same press release
we discover = Practical Entitlement
PGM = N/A upto 70% entitlement
Hard not to think,
5 - 100% owners ( practical entitlement )
If there are 5 - 100% owners
Why are there 6 categories of, concentrates ?
Would First Nations constitue the 6th ( pun )
How about the significant reduction in 2023 PFS metal payables
75% +/- reduction when compared to actual resource ( lbs / oz )
Is it really because of,
Can't process silicates even using sulphur acide ?
Cut offs were changed
Spot prices
Or.... 5 - 100% owners ?
My mind is in a whirl...
Trying to figure out one of the ( most complex ) junior explorer ( ever ).
Would another shareholder have any input ?
Can't call the junior.
They might have been hand picked by one of the 5 100% owners.
What is the point of even listing a stock tied to deposit with 5 100% owners ?
If the stock poorly performs, owners still own 100%.
= It's investors who end up suffering the dismal share price
= exchange or bank salivating on those who exit at a loss / investor waiting yrs
= it's like 2 separate games going on
Placed my heart and soul into researching the, Wellgreen project.
It's an amazing project.
Yet... is it recieving max recognition of it's true value ?
Cheers....