Post by
Dariusz on Feb 16, 2022 5:03pm
After the Webinar today;
Very encouraging to see Greg being active with news. The webinar was great and reinforced that the company is pursuing goals that they outlined. It is great to see Greg active with messaging the market. Greg said that the PEA is now expected by the end of March or maybe early April. The Pilot Plant is now started with Phase 1 now ongoing. Total cost for all 4 phases will be around $10M and they are expecting 60 to 70% of that to be contributed by he provincial and federal government. I was hoping that an updated 43-101 resource estimate for Deep Fox will come out as sperate news before the PEA but Greg indicated that it will be released in conjunction with the PEA. Greg also spoke about their refining technology and how the initial phase via wet and dry magnetic separation will save the a lot of costs and dramatically improve financials. That phase was added to their technology recently. He also indicated that the Saskatchewan Research Council SRC will be involved in later phases of the Pilot Plant. He spoke about the rising REEs prices and underlined that their project is now without a doubt economic/profitable and that the PEA will clearly show that.
Comment by
yureja on Feb 16, 2022 7:23pm
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