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Bullboard - Stock Discussion Forum Scandium International Mining Corp T.SCY

Alternate Symbol(s):  SCYYF

Scandium International Mining Corp. is a mineral exploration and development company. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km... see more

TSX:SCY - Post Discussion

Scandium International Mining Corp > When is the right time to rejoin the party?
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Post by AllDutch1234567 on May 26, 2021 9:13am

When is the right time to rejoin the party?

Let me first start with an observation.

Companies like Rio Tinto, Alcoa, Granges, Rusal and others will become part of the new to build ‘scandium ecosystem’. Their go-to-market strategy – roadmap/framework they follow while bringing a new product to market - is much simpler than SCY’s. Here’s why:
 
- Much closer to the end users
- Enormous execution power (funds, people, etc.)
- They can leverage existing networks/relationships, distribution channels and supply chains
- Already have a huge customer base
 
Therefore, the ‘heavy lifting’ or 'solving the chicken and egg problem' is better left to these majors. I believe that SCY came to this realization - after trying very hard – and chose to chase (other) opportunities in well established markets instead. But they will be back and here’s why.
 
I will use the ‘product diffusion curve’ to explain this. Consumers can be grouped according to how quickly they adopt a new product.
 
https://www.quickmba.com/marketing/product/diffusion/
 
Right now, the innovators (majors mentioned above) are at play. We’re in the very early stage of development, in search for success stories where parts have been replaced by AlSc parts (for example in the EV industry). As you can see at this stage only 2.5% of the potential customers is engaged.
 
Companies like SCY come into play to cross the chasm, from the early adopters to the early majority. The early majority tends to avoid risks, they will only incorporate ‘proven technology’ into their products. They rely heavily on recommendations from current users (the early adopters). The early majority could include major car (EV) brands. The ability to produce high volumes (and be able to scale up when necessarily) is key to crossing the chasm – and that’s when I believe SCY will rejoin the ‘party’.
 
But who knows, some visionary may come into action much earlier in the game: close a deal with SCY or may want to own the company.
Comment by Zerosum on May 26, 2021 10:34am
Agree, market building at this point is best left to larger companies with heft. SCY can certainly be commended for being the first to try and bring Scandium to the worlds manufacturing eco system through LOI's. It was a valiant attempt and it will be remembered as the first step. But it is in the hands of larger better equipped players where always needed to be. I find it interesting SCY ...more