Scandium International Mining Corp T.SCY

SCY’s new strategy

[AllDutch1234567]

IMO, the new planning of activities/programs roughly looks like this (without timelines). There are 3 phases.
 
1. Focus on getting the critical metals recovery from copper waste streams business up and running (economic demonstration). Sales of critical metals (other than Sc) and earning money.
 
After 1 has completed, start the following 3 programs in parallel:
2.a Build a facility to produce AlSc master alloy and start sales of scandium; develop a customer base – probably starting with the LOI partners
2.b Expand earnings from IX-technology by targeting other copper miners (this also extends the production of scandium from copper waste streams)
2.c Find LIB manufacturer, start R&D program to incorporate scandium in LIBs (assume patents have granted)
 
Once they have a customer base, after 2.a (and maybe 2.b)
3. Getting scandium offtakes signed, finance and construct Nyngan
 
The new strategy will only be announced once SCY has signed a deal with a copper miner. This is how GP works. The old strategy, which starts with phase 3, is ‘dead’.
 
SCY has to file a 10-K before March 31, and I think it is risky to communicate the old strategy, like the waste stream recovery initiative has no impact on it. IMO, that would be misleading. This is what I found: ‘A 10-K filing also includes signed letters from the company’s chief executive officer and chief financial officer. In it, the executives swear under oath that the information included in the 10-K is accurate. These letters became a requirement after several high-profile cases involving accounting fraud following the dot-com bust.’
 
This is why I believe we will have a NR on a deal with a copper miner (shortly), before the 10-K gets filed (before March 31, 2021).
 
What do you think?

[northmark]

We are sitting on a 100 plus year supply of Scandium. Do a small financing to build a pilot plant utilizing the Nyngan deposit and start selling oxide and master alloy. 

[AllDutch1234567]

From GP we know that the Nyngan DFS is the smallest, economically viable, production scenario.  IMO, getting Nyngan into production is not their first priority anymore: critical metals recovery from copper waste streams is. That's what makes the new strategy so different from the old one.

[northmark]

They could easily do both.

[AllDutch1234567]

Northmark, I agree. That would be the dream scenaro.    But they have tried to make people sign those offtakes for years and it didn't work. So now they are trying something else and came up with a new plan: production of scandium from copper waste streams. It's a cost efficient way to gradually develop the scandium market and to be a profitable company in the meanwhile. That

[Zerosum]

Wow, this company should go public. With a Scandium deposit that has over 100 years of supply and potentially HPA as well. Scandium is a future billion plus dollar market. Wow what a great story here and all that IP in the form of patents. Gee, when are they going public? I would love to buy shares when they list. It would trade up to 0.50 I would think in no time at all. Hmmm, maybe I’ll call

[northmark]

lol, pretty funny and sad. By the way I think the ipo would be closer to $2.