Scandium International Mining Corp T.SCY

Is SCY Cooked?

[Robertfr]

The author suggests stand-alone Scandium projects are cooked as they can't compete with Sunrise.  Sunrise can push through Sc @ $150/kg cost as a by product.  Therefore if SCY or NIO want to sell Sc they have to beat at least $750/kg which is cost for them.  So essentially SCY and NIO's Scandium dreams are nothing more than dreams and are behold to Sunrise, Sam Riggalll and Robert Friedland.  Cooked you might say...maybe Friedland will buy SCY out?  No wonder JK has gone cold.

https://seekingalpha.com/article/4473468-sunrise-kills-off-niocorp-scandium-economics

[northmark]

Nope, Nyngan Will be built before Sunrise. 

[Robertfr]

The reason SCY is beholden to Sunrise is because of simple maths.  SCY ~$750/kg cost for its Sc (prob a little generous).  @ $750/kg Sunrise Sc is in profit by 400% SCY is beholden to whatever Bob and Sam choose to do.    

[Zerosum]

SCY according to their FS can produce a kg of oxides at less than $560.00 USD but those figures are from a few years ago. Sulphuric Acid prices have likely gone up since then. If Rio Tinto or Rusal or Bloom Energy, or one of the new fuel cell start ups now entering the space to challenge Bloom wants Scandium oxides in the next three years then your go to choice is Nyngan. It is the only fully

[Robertfr]

I agree RF should pounce before RIO. was using AUD for the $750

[Zerosum]

Rio might get it: Article mentions scandium https://www.smh.com.au/business/companies/looking-at-opportunities-everywhere-rio-tinto-on-the-hunt-for-more-lithium-assets-20220715-p5b1yf.html

[northmark]

Nyngan has to be on they're radar. It's so cheap to build and is scalable!