Post by
bailey2 on Oct 18, 2020 8:10am
webinar stuff
For. those who are unable to view presentation, this is what I interpreted.
Listened again. 35 minute mark Duane said they are a year delayed on being cash neutral because of stuff, Covid.
Hiring a business developement person for both the ewaste and mining side.
Partnered with a German and Swiss firm to insert ewaste modules into recycler operations
Has phone calls almost daily from recyclers about their process.
The low hanging fruit in the mining sector is flotation and gravity concentrate.
Has hired a large engineering firm to take over design and implementation of modules for mining.
First mining module is going to be a gravity concentrate at 6 tons per day. Up and running in q2.
It will be the "showcase "
The Canadian Government and Research Council is funding for the R&D on tin and copper extraction.
Is in discussions with the largest recycler in North America, and the largest recycler in the world.
Have 100 tons of ewaste lined up for Nov , Dec. Very adamant that their is not shortage of pcb's once the suppy chains normalize
Buildout of all Corporate plants by Sept 2025. A little confused as they are called " Royalty Plants?" If they are corporate plants , why would they be called royalty plants, unless owned by someone else?
On the mining side , 4 Royalty plants by Oct 22. The mining side is a royalty model.
They presently have no debt.
I found the webinar very interesting. On Aug 6 on another presentation , Duane said 5 corporate plants at 12000 tons per year. With a graph etc. of the first plant running at 12000 tons the first year. Things have sure changed. Also can not figure out why they would not put 2 shifts on once the feedstock normalizes? The 3600 tons is based on one shift per day.
Duane said there may be some "surprises" also coming up. I don't know how many more surprises shareholders can handle.
Duane had said that there are a lot of shareholders not satisfied with the developement so far, however, personally, I think the lack of communication from the company, is the major driver, as I for one thought that the tin and copper was already integrated, after statements, saying they had been working with Apple for so many months on tin, and they had produced 20 tons of copper from the commercial testing, etc. These are just a few of several statements that confuse, along with changes of production tonnage for the Surrey plant every few months, lately. depending on which presentation you listen to.
I also assume the 20 per cent isn't taken off the 200 dollars per ton profit for Mineworx ownsership of the Surrey Plant?
Sometimes there are more questions than answers from these presentations. I think we do need some "surprises" in the near future to make this company appreciate in value. Maybe a buyout on the ewaste side, or a MAJOR partnership . Also wondering as part of the DA with Mineworx on Catalytic Converters if Enviroleach will negotiate a buyout or transfer of ownership of the 20 oer cent of the Surrey plant that Mineworx owns? All just speculation. glta
Comment by
Therancher on Oct 18, 2020 1:41pm
This post has been removed in accordance with Community Policy
Comment by
eunice12 on Oct 19, 2020 11:53am
This post has been removed in accordance with Community Policy
Comment by
SeeRuleNumber1 on Oct 18, 2020 10:33pm
Engineering, design and construction has been MWX's role in the E-Waste partnership this whole time and MWX was literally a mobile mining/extraction company before all this E-Waste business. Can anyone answer, or even speculate as to why MWX isn't being consulted for the engineering that Duane mentioned?
Comment by
bobismydad on Nov 05, 2020 12:41pm
bet PI, NAT-BK, CASNACRD are shorting under the name --'Pepi le PEU'