Post by
odzie1 on Dec 19, 2021 2:42pm
Mr. fleas
It will materialize. Just a little bit of time needed to tweek. You know mr. fleas, one of the main reasons for me buying cielo, especially now, is the quick pace of setting up a plant and being in production. This is garbage mining. Unllike opening and permitting a copper or gold or any other mine for that matter the process sometimes takes 15 years from start to finish. in the case of cielo and garbage mining we are talking 6 months to build a 50 million facility and be in production almost immediately. Garbage mining is nowhere near as capital intensive and nowhere near the time needed to set up a traditional mining operation from start to finish. The proven reserves are all there and you dont need a drilling program to prove reserves.
So garbage mining is less capital intensive, lots of garbage reserves, and no issues with environmentalists and can be set up and running and making money in a few months unlike the 15 years needed to open up a mine. You are with cielo only talking about tweeking the systems. The garbage mining business model is for real. Already being done by other private operators,
Comment by
Differentfleas on Dec 19, 2021 2:51pm
Fair enough,yhat may or may not happen . looking from the outside,the markets and management are not acting like they beleive.