RE:RE:May 17th- Q1 financialsLots of information. Mark presented and asked questions for over an hour. Very informative.
My take is the upcoming TEA is the green light. Once that is completed then I beleive we're off to the races and progress will happen quickly.
JV partner, franchise model, selling of the process is all on the table.
Setting up process hubs close to Monazite sands is the goal. Medallion wants to be involved solely in the first established plant location and then after that it can established in other locations by partners or MDL.
$50 million to set up plant, low capex compared to a mining operation. $2 million in the bank, good for close to 12 months. Not looking at financing as of yet but the contruction of a plant will need financing but doesnt seem to be a problem once the TEA is known.
Stay the couse, much happening behing the scenes.