Post by
ScarletSpider on Mar 15, 2022 11:17am
I Saw Gratomic Grat at .17
recommended it to some people and it hit $1.60 that year. Now with that company it is a Quebec base one and developed a mine in Africa and was a fair size project. It had done so fairly successfully but has fallen back some. The economy is taking a hit with the pandemic now with the fear created over the Ukraine conflict but having said that things should start to bounce back at some point as alternative economic measures are being taken to offset the Russian supply and a lot has to do with energy and as people are saying here metals.
it may be a stretch to say a dollar plus this year but I see it as quite possible especially if a few mines are bountiful. The difference between this and grat from what I am seeing on the surface is that grat looked to develop the properties this company isn't looking to do that from my understanding but they will lay the initial ground work out and see if it is worth others to take over and fully develop the properties with a licensing fee being paid to it. So while people are spending time developing properties which look promising but may not be after further things are done that is a lot of risk and time this company is from my understanding looking to see the probablities of samplings and getting the other junior and bigger mining companies involved taking very little to no risk other than doing all the initial sampling again if I am understanding what we have here and why i liked it from this vantage point.
Less risk more properties and possibilities of more success and excellent licensing royalties again if i am understanding it properly. Depending on efficiency mines take some time to get developed and see greater benefit from and that is quite the longer term risk so shorter term risk plus initial capitals with reduced risk on whatever is agreed with the licensing royalty seems like a smart set up to me.
Again from my understanding of what we have here. Rare Earths as well as your copper and nickel are always great so is silver as solar and ev use these things as to medical sector so these mines are always being sought.
Let's see where things go. Just passionate about things that i follow and hope to learn more about but I trade strategically so i will not pump or bash here my opinion will be as neutral as it can be despite my holdings altough I am really trying not to yap too much on the boards. Just quite excited about this company because of as i said the set up with lower long term risk in trying to develop mines on its own that is just way too long and risky.