Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
From my own experience I know how challenging it is to develop new markets and meet all projected milestiones. Especially if potential customers are large firms and they need to move in the same pace as you are.
TMLonggun, thanks for your elaboration.
It has allready been 4 months since we last had an update on the project. It's just nice to have more frequent updates. I'm long on SCY as well. And I agree with you, they will succeed.
From my own experience I know how challenging it is to develop new markets and meet all projected milestiones. Especially if potential customers are large firms and they need to move in the same pace as you are.
Good luck.
What situation are you referring to?
If you mean the general state of SCY there isn't that much to say. They are advancing slow and steady. I expect them to announce another scandium agreement, some project work, and some financing before the end of the year. I've wanted to keep my cards close to my chest regarding this play and the evolving scandium story while I accumulate and wait for other opportunities to mature. But I will say that I am 99% confident that SCY will succeed and I am 100% sure that scandium will became commonplace within 15 years.
In pretty much the same way I was 99.9% positive that Mexus would eventually sign a JV deal. Even with the weird activity on Friday Mex still finished up about 40% for the month after announcing their new historic JV. August will lead to its senior partner, Argonaut Gold, announcing the JV in a more public fashion along with a preliminary drill program in short order. When they do I suspect Aug-Sept to be an entertaining couple of months. When the drill results come out the stock will fly and there should be opportunities to take profits.
A lot of them will go here. Maybe I shouldn't say anything but so few people will read this this message that it doesn't really matter, and I am all for sharing since everything I know I learned from others sharing on the internet and from my own experience. I think you can make 5-10x on Mex, pull out a bit, and then make 5-10x on SCY and hold both long term to dollars per share. I think this is a rare opportunity to turn $10k into a million with a high chance of success. Sounds crazy but I say it with a straight face.
We already had one good move this year with a SCY, a double, and it was probably prudent to take profits into the rally given the general state of the economy. I didn't. Now it's given back all of its recent gains. I am surprised it has gone down this much but that's the double edged sword of a low volume penny stock, moves up and down are hugely exaggerated and SCY is a junior in a market where all juniors are being trashed.
I don't know the exact reason why SCY trades more like a gold junior than anything else but it does.
Good prices are exactly what you want if you believe in the project and are looking to make some life changing wealth.
That would be great Sagittarius, thanks!
I wrote an e-mail on friday asking about the current situation. I will let you know as soon as I got a reply.
Hi TMLonggun, you seem to be well informed. Do you have any ideas on our current situation? I appreciate your opinions. Thanks.
http://io9.com/scandium-the-element-that-was-foretold-1713281738
Interesting account about how the Father of the Periodic Table, Dimitri Mendeleev, forecast the properties of scandium before the element had been discovered. He did the same with several other elements based on holes in his table and properties of adjacent elements.
Order entered for small incremental addition today.
rjw/mkc
SCY no longer in default!
http://www.bcsc.bc.ca/About_Issuers/Issuer_Information/?partyid=214589
The mysterious 1-2000 share buys every two minutes have returned. No one buys shares like that unless they are trying to get a bad price per share or walk the stock up. Same thing happened before the last recent run.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110871209
I am taking this as a bullish signal this time around.
I also noticed CLQ has doubled in the past month, hope everyone has their scandium basket because if you've paying attention you've already doubled your money or more and had a good, yet artificial, pullback in SCY to add to your positions.
2015 is going to be a hell of a year for the scandium shares even if gold continues to languish and paralyzes the rest of the junior market.
SCY has finally responded to my email requests and issued a clarification for the BCSC issue. As I suspected it had nothing to do with a late filing. We were talking about apples and oranges here and on SH.
"Vancouver, British Columbia, May 14, 2015 (Filing Services Canada via Comtex) - Scandium International Technical Disclosure Review Vancouver, British Columbia (FSCwire) - Scandium International Mining Inc. (SCY) (Scandium International or the Company) announces that as a result of a review by the British Columbia Securities Commission (BCSC), the Company is issuing the following news release to clarify its disclosure. Review of Technical Report The Company advises that the technical report entitled NI 43-101 F1 Technical Report on the Feasibility of the Nyngan Scandium Project dated October 24, 2014 (the Report), as filed, does not comply with certain requirements of National Instrument 43-101. As a result the Company submitted on May 12, 2015, an amended technical report (the Amended Report) to the BCSC, for their review and comment, prior to filing on SEDAR. The Amended Report corrects items of the original Report, including the following: Removal of reliance by the report authors on information prepared by third parties and the Company, as well as removal of disclaimers that are not permitted under NI 43-101; Removal of the term Feasibility as improper, in the title of the Report; Inclusion of additional information on the procedures for sample preparation, analysis and security; Inclusion of additional information supporting the estimate of mineral resources, including how the data and information was verified; Clear identification of exploration work conducted by the Company, versus exploration work conducted by others; Inclusion of additional information supporting assumptions and parameters used in the economic analysis, and disclosure of the annual cash flow forecast; Replacement of the QP supporting the mine design with a QP that has a mine engineering degree, and Inclusion of additional information required under NI 43-101 rules, including identifying the property location on the title page, adding illustrations, augmenting the description of the deposit, and adding information on environmental and permitting matters. The BCSC may provide additional comments based on their review of the Amended Report, which will only be filed after all Commission comments are addressed. Review of Corporate Presentation The Company has amended and updated its corporate presentation, available on its website. The updated corporate presentation removes previous disclosure that did not comply with NI 43-101, including the following: Reporting combined measured and indicated resources, without also reporting them separately, Reporting gross in-situ metal value, Including statements in investor materials regarding PEA economics that did not include adequate cautionary language required under NI 43-101. The Company notes that a preliminary economic assessment is preliminary in nature and should not be considered to be a pre-feasibility or feasibility study, as the economics and technical viability of the Project have not been demonstrated at this time. Qualified Persons Mr. Willem Duyvesteyn, MSc, AIME, CIM, a director and Chief Technology Officer of Scandium International and a "qualified person" as defined in NI 43-101, has approved the technical information contained in this news release."
Looks like it is cleaned up. A good buying opportunity that will probably be gone quickly.
Yeah I saw that but I did not repost it because I don't believe it is correct.
Received an email from SCY regarding the late filings
"I assume this is the insider filing due in 2014 that was filed in April 2015. This was an inadvertent mistake by the filer and is the only late insider filing mistake I am aware of in 3 years."
Ed Dickinson
Office: 775.591.4544
edward.dickinson@ScandiumMining.com
This message was posted today by Brownie51 on Stockhouse.com
Thanks!!
Survival Guide for the Mother of All Bear Markets from Veteran Bottomfisher John Kaiser
"TMR: What juniors are having the most success moving scandium projects forward?
JK: The two most important ones are Scandium International Mining Corp. (SCY:TSX), which owns the Nyngan deposit in New South Wales, and Clean TeQ Holdings Ltd. (CLQ:ASX), which is acquiring the Syerston deposit from Ivanhoe Mines Ltd. (IVN:TSX). The Syerston deposit is bigger than the Nyngan deposit and has a slightly higher grade. That project was originally a nickel-cobalt project, but Robert Friedland, a substantial stakeholder with a keen understanding of China’s self-imposed environmental mandate, recognized the value of scandium enrichment at the periphery of the subeconomic nickel-cobalt deposit. Ivanhoe is selling Syerston to CleanTeQ because CleanTeQ’s management has experience with flowsheet processes related to scandium recovery. Incidentally, China has become the world’s biggest aluminum producer with 47% of 2014 global supply.
Scandium International is more advanced. It has been working on the scandium potential of Nyngan since 2010. It published a PEA in October 2014 for a 36 ton per annum operation with a capital cost of $78M. That’s about four times what is currently supplied to the market. The company hopes to have the feasibility study done and the mining permit in hand by Q1/16. Then it has to raise the capex. I think it will be able to do it because the proposed mine is in essence a pilot plant study designed to be profitable if the company can attract buyers for its output at the $2,000/kg base case price of the PEA.
If the mine is operational in 2017 and demonstrates that it can deliver the scandium at a profitable price, the aircraft industry and the automotive industry will get serious with long-term planning for deployment of aluminum-scandium alloy components. For these two companies, scandium is a potentially extraordinary growth story where you go from a market that’s almost nothing to a market that could end up being worth $2 billion ($2B) annually.
That is, of course, what has happened to niobium, which was in a similar situation as scandium until the Araxá deposit was discovered in Brazil and developed during the 1960s. That has grown to a $2.5B market today. It makes steel stronger and raises the melting temperature for use in all sorts of applications. Niobium is what you might call an energy efficiency driver for the steel industry because niobium-strengthened steel gets the job done with less weight."
http://countingpips.com/2015/05/survival-guide-for-the-mother-of-all-bear-markets-from-veteran-bottomfisher-john-kaiser/
It would depend. In general a geologist should have an idea of what types of minerals and geology to expect but miners do not search for everything, all of the time. That would be... inefficient and costly to say the least. Sc assays are acid leached and a traditional fire assay would probably have provided no, or very little information on Sc content (I am not certain on this). Geology is partially about chemistry, which makes up the building blocks of everything on Earth and leaves clues for geologists to find and interpret. So in this manner if a company is focused on gold or diamonds or whatever they often end up with something else entirely as was the case of Voisey's Bay nickel discovery. They only cared about South African diamonds but yet when exploration geologists found obvious clues that pointed to a nickel deposit they followed them and made a large discovery. Explorationists want to find something economic, regardless of what it is, and so they tend to be well versed in any by-products or associated minerals with whatever it is they are looking for. Most mined ore (of any type) probably has around 20 parts per million or 20 g/t Sc but for the sake of most mining projects it is functionally irrelevant.
Sc is well known by chemists and geologists because it is very common (just not in economic deposits).
There are definitely overlooked scandium deposits all over the world but the most advanced and likely source at this moment will be laterites in Australia but in 30 years I imagine there will be producing scandium mines (byproduct or otherwise) peppered all over the world. The interest in Sc will definitely lead to more discoveries of scandium and other things.
http://www.hardassetsinvestor.com/features/2917-scandium-a-rare-earth-thats-not-really-rare.html
As for your other questions the BCSC is a silly organization. In Canada we have a SEC for pretty much every province. I appreciate that they try and keep companies honest but a single, unified organization with slightly updated priorities would probably be immeasurably more effective.
Scandium International Mining Corp. 2015-04-29 OT
2d.
No No
http://www.bcsc.bc.ca/About_Issuers/Reporting_Issuers_in_Default_List/ You'll note that it says there is no CTO, cease trade order. If it was serious it would be. Even Rubicon had their trading halted so, again, this part of the reason I am leaning towards it not being a huge issue. It might actually be a gift from these idiots and allow me to buy some more for less than management's option strike.
I just rechecked sedar and still do not see the latest management options mentioned anywhere.
Sorry - didn't see TMLs post before hitting send - that answers the question on the downer day but I don't find a news release or news item from the Securities Commission on SCY's default.
Prospecting for SC. When exploring for minerals do the mining companies typically assay for all possible minerals or do you have to request assay for SC to find SC? Guess the point is might there be SC deposits that were overlooked by prior exploration simply because the lab assay did not look for SC?
Down day today for SCY and SCYYF. I don't see the news that brought that about.
It looks like the BCSC is involved now. This is a big negative for SCY. I lost around a hundred grand when the BCSC came after Rubicon and said their accurate, conservative report reported too much gold and would have to be downgraded to make it believable. The geologist even did several similar deposits and had a lot of experience in the same kind of high nugget effect stuff Ruby was in, yet the government, with no expertise, comes in to "save everybody" from Rubicon's awesome geology. Ruby never recovered from that, and the BCSC cost investors hundreds of millions of dollars, delayed the project, and increased the dilution significantly. Rubicon will be mining this year and it will prove their original report correct (IMO) and the government will never be held to account because it is better to err on the side of caution rather than focus on accuracy or protecting investors.
According to the BCSC SCY is now 2D, "the reporting issuer's technical disclosure or other reports do not comply with the disclosure requirements of NI 43-101 or NI 51-101" and as of April 29th is in default.
This could be a very minor or very significant issue. There is probably thousands of things they could take issue with. I read the reports and I think they are well done, professional, believable and conservative, but I thought the same thing about Rubicon's and several other legit projects the BCSC has taken issue with over the years. Personally I lean towards it being a minor issue because even if it was a Rubicon repeat the effects would be a severely mitigated because SCY is barely followed and cutting a 6 billion dollar resource (of which they get no credit for) to 3 or 1 or whatever makes no difference because it is a completely arbitrary number at this moment in time.
A comment from greekphysique on the matter:
"it's because the PEA is not NI43-101 isn't compliant. I'm not sure what exactly cause it. Maybe they didn't file all the paper work. It might be because the qualified person is not a Canadian PENG. It might be becuse they need more test work to refine the flow-sheet. I will look into it this weekend but I don't think it's that big of a deal ATM."
Or it could be a million other things or just bureaucrats being bureaucrats saving everyone from the next Bre-X.
SCY added some options for management at .14 as well, so that might very well be the next baseline price until we get some news.
CLQ is promoting the scandium market:
"Research over many decades has confirmed the enormous value that scandium can deliver as an alloying agent for aluminum.
Aluminum-scandium alloys exhibit unparalleled performance across key functional properties, including low density, excellent corrosion resistance, improved weldability and increased thermal conductivity. These attributes make Al-Sc alloys one of the most promising candidates for use in high performance, light-weight materials across a wide range of applications in aerospace and other industries.
Yet, today, Al-Sc alloy remains a material used in only niche applications, due to both supply constraints and cost. The presentation will examine a number of features of the global scandium market that have hindered its development and resulted in extremely high costs of production and a fragmented supply chain.
The presentation will focus on a number of scandium projects announced in Australia in recent years and their potential to redefine the global scandium market. Clean TeQ’s Syerston Project in Australia will be presented as a case study to demonstrate some of the development steps required to bring these sources of supply to market.
The presentation will demonstrate that these large, high-grade and geologically unique resources provide the global aerospace sector with an opportunity to secure reliable, long-term and low-cost scandium oxide from developed world sources for decades to come, and at prices that make Al-Sc alloys readily substitutable with current generation alloys. To achieve that outcome both customers and suppliers will need to work collaboratively to deliver a value proposition that is compelling for the aerospace sector. "
https://asm.confex.com/asm/aero15/webprogram/Paper40675.html
New informative interview. http://www.resourceinvestor.com/2015/05/04/why-everyone-talking-about-scandium
It has some detailed summaries of SCY and their competitors. The author seems to favour Metallica, although I don't agree that they are the most advanced nor do I think they will beat SCY to production.
I'd like to note too that the intercept lengths at Nyngan are exceptional and in many cases many times their peers. We need both grade and length to map out large tonnages and SCY has both in abundance, low costs, and an ultra conservative economic estimate.
I was interested DNI too, it's up a couple hundred percent the past couple months (added to my watch-list at 6 cents) and is based in Alberta so I might go check them out in person. $400 billion in scandium in my backyard might be something worth looking into.
I think the best way to play the coming scandium bubble is to own a basket of the most advanced scandium companies with an overweight ratio of SCY and then trade out on the spikes and use the volatility to accumulate more of the plays that are most likely to succeed and hold those long term. I believe it will be SCY leading the pack and that there will be a horde right behind them.
What I like about SCY:
- It is the most advanced scandium project in the world.
- They have applied for patents which may result in licensing fees from the other Australian scandium projects (which are less advanced), further increasing the economics of this project.
- They plan to build their processing facility in a modular fashion to upscale production rapidly in order to meet the growing scandium demand. I think this is very clever.
Listen to the expert (John Kaiser)
Big range, big volume, volatile penny stock... pretty much sums it up. Someone sold a large block of about 250k which brought it below .15 for a bit but it went right back up on lower volume and I still got zero fills the whole day under .15.
I doubt there is that many stop loss orders set on SCY so trying to knock them out is pointless. Just someone taking profits and a host of others buying and selling. You got to remember the stock was at 2 cents a year ago, although almost nobody cared and there was very little interest there are still no doubt a number of people with even lower averages than even myself and I was here pretty early.
All fairly normally activity in a junior miner. The only remarkable thing is that we continue to show strength while continuing to trade large volumes of shares. I've learned from people smarter than me that volume precedes price.
We could finish the week at 18 cents or 12 cents but either way a short term move over the next few months to 25 cents is quite likely in my opinion. Just be patient and set your buys 20-30% below market and you'll hopefully get some fills. It will be even harder to stay disciplined when it makes its eventual move and a lot of people will chase it right up even though that will probably be an excellent time to take profits and recoup your initial investment depending on your average.
Huge trading range today. Do you think some stops have been fished?
Your are absolutely correct. I was a former Niocorp investor. They are actually a niobium play, scandium is just a byproduct. Their grades and deposit are much smaller. Also their PEA, published recently, was rather disappointing. They plan to produce 13 tons p/a at a price of 3500 usd/kg per annum, which I don't think is realistic. Share price went down by > 30%. We're better off with SCY IMO.
Hitting the scandium motherload
http://investorintel.com/technology-metals-intel/scandium-international-big-ambitions/
"Scandium International has clearly found itself an interesting niche with an excellent deposit. Right-sizing is going to be the challenge. Its rated production is higher than the perceived global consumption, but that global consumption number is suspect and more likely to be upwardly revised than to be an over-estimation. The dynamic of “build it and they will come” also seems to have promise here with Scandium having a potential for expanded demand if only end-users could be sure they can get all they need if they tool up for greater production of lamps or whatever. The challenge is getting financiers to stump up funds for the project build in what is a tough financial environment for any mineral let alone one with Scandium’s obvious attractions.
Certainly Nyngan moving into operation would also drive down prices making the metal more accessible to potential users with the potential to create a virtuous cycle of affordability and enhanced supply driving widened applications. Beyond all this it creates a market for a specialty metal, in a safe Western jurisdiction, which the Chinese do not have a stranglehold."
Niocorp scandium interview:
SCY hits yet another multi year high of 17 cents and I can still hear crickets. We're just getting warmed up here.
If only a tiny fraction (0.1%) of the annual aluminum market absorbed scandium in alloy at a 0.5% level, it would represent 350 tonnes ($700M) in global scandia demand
Already at 16 cents with well over 100k traded.
Another "researcher" has picked up on SCY. Here's another article by a Mr T Maverick, who shares both my initials and some of my opinions on SCY:
http://www.wallstreetdaily.com/2015/04/12/scandium-market/
"Estimates are that a single-aisle aircraft could use up to 70 kilograms of scandia. Just using the alloy in the rivets for a plane would cut the craft’s overall weight by 10% to 15%."
The first sentence is interesting and I've heard similar estimates but the second seems... impossible. I don't see how reducing a rivet's weight cuts a jet's total weight by 15%, are rivets not a small percentage of an aircraft's total mass? I'll let someone with more aircraft experience determine how ridiculous that claim is.
Other than that nothing new, but I do note the amount of outside recognition for SCY and scandium is growing daily.
Welcome to the board. Please feel free to contribute when you can and congratulations on your purchase. When this stock was at 2 cents it was pretty risky but now the story and marketplace awareness has advanced along with the project and the off-take agreements etc that even though the stock has gone up 700% it is still cheap (and much less risky) because SCY's value has been increasing faster than its share-price. (IMO)
I am quite confident we will eventually get something that rounds up to a dollar here, even if it takes a couple years to get there.
I am going to start purchasing at the ask since I am more than comfortable with my horde. I might have to report to IIROC someday at this rate. When it comes to SCY my greed knows no bounds and I am having more difficulty staying disciplined than I have in years. It just speaks to the caliber of the company and the uniqueness of the project.
Take care everyone, and put some scandium under your pillow if you can. There's a good chance the market fairy will eventually replace it with so much cash you'll wake up one day and be wearing a permanent neck brace.
Hi TMLonggun, I'm a new poster on this board. Last week I grabbed 82K SCY shares, and I'll get some more in the weeks ahead. I think SCY has a great future and I'm defenitely long on this stock.
Good luck to all.
Lots of competition today to buy under .15. Lots of volume too. We'll build a base and zig and zag, but the general direction will be up. Watching level 2 closely I got a feeling today should be a strong close above .15, and when that happens the next couple weeks will be set up for some fun as it maybe makes a run for .20. Throw in an Airbus off-take agreement and we will have liftoff.
This stock has surprisingly little promotion and the more it gets the higher the share-price will be because scandium and SCY is one hell of a story.
Here's an older Kaiser interview from March that I don't think was posted here.
Starts at just over 10 minutes in. Some good junior resource commentary as well.
http://www.bnn.ca/Video/player.aspx?vid=559230
He mentions a 15% (!) weight reduction as well. I'm not sure if that is for the entire aircraft or just the aluminum component (likely the latter) but either way that, plus Sc's other characteristics make scandium a very compelling upgrade feature for use in the aerospace industry.
I also learned that SCY has hosted Airbus at its Nyngan property numerous times over the past couple years and the companies have an established relationship and previous agreements. Airbus has recently probed CLQ and they turned over their data and some samples without committing to anything. Airbus will do their DD and then eventually do an offtake agreement with the most advanced project(s), namely SCY. That would be a huge PR and it is pretty likely IMO. The current offtake agreement with Alcerco is also hugely underrated as well and should take us up to 20 cents as things percolate. An Airbus deal and the final bankable study by year's end should see this stock at around 30-50 cents easily and things haven't even gotten started yet.
I already own a ridiculous amount of this stock but I think I have convinced myself I need just a few more shares under 15 cents. SCY is just too unique and too perfectly poised to emerge from this bear market and mature into a strong mining company over the next few years.
P.S. When I was writing this I made a typo, scamdium. But maybe it wasn't a typo. Beware of scamdium! There is now a huge number of companies bragging about scandium that have nothing to do with it and no hope of ever recovering any. Just like the hundreds of mining companies that magically became pot companies or graphite or lithium companies or whatever the flavour of the day mineral is. The scamdium companies are coming.
nice find... Canadian
here's the excerpt...
TMR: What are the other energy metal raw materials that we should be watching?
CB: I'm particularly interested in scandium. While lithium and cobalt are the 800-pound gorillas in the space, scandium is much smaller and is misunderstood, I think. Though estimates vary, scandium is widely believed to be a 10 to 15 tonne per year market—that equates to about $40M. Once the potential for scandium is discovered, things will get very interesting and the market size could be multiples higher.
TMR: Scandium is used in advanced aircraft and metal halide lamps. What is the shape of the resource market and who are the promising players?
CB: In addition to my previous comments, there is no primary scandium mining anywhere on the globe right now. It's produced as a byproduct in China and sourced from stockpiles in other parts of the world. Much has been written and published around the use of scandium in solid oxide fuel cells and also as an alloy with aluminum. A Google search for "Scandium patents" or something similar will validate this claim. So the issue isn't potential demand; it's security of supply. It's a real chicken-and-egg quandary. Financing scandium projects will remain a challenge until people are convinced of a growing end market, but those end markets can't grow until reliable supplies are on stream.
One of the companies I have focused on is Scandium International Mining Corp. (SCY:TSX), formerly EMC Metals Corp. The company recently signed a memorandum of understanding (MOU) and an offtake agreement for 7,500 kilograms per year of scandium starting in 2017 with a private Canadian company. If you assume a $2,000 per kilogram price for Scandia, which is what is assumed in Scandium International's preliminary economic assessment (PEA), it's not hard to see how it could become a powerful force in the global scandium market given its current size of approximately $40M.
TMR: Did the market recognize the importance of the MOU and the offtake agreement for Scandium International?
CB: No, I don't think so. I think a lot of people are still learning about the scandium market and its potential. That's one of the reasons why I'm so optimistic about it, because it's not well understood. Again, a closer look at the potential math here tells an intriguing story.
Additionally, the company is working on optimizing its flow sheet, which should improve what are already strong economics at the PEA level. It does have $2.5M of convertible debt on its balance sheet. That comes due at the end of 2015 and needs to be addressed. The company can wipe the $2.5M in convertibles away and strengthen the balance sheet by raising $3M in equity.
Nice pice on SCY and scandium, it's down the Paige.
http://www.marketoracle.co.uk/Article50167.html
Thanks.
Already got it here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111693638 but I'll sticky your post so it is more visible to newcomers to the board.
Thanks for the contributions everyone, information will be inevitably be repeated, but this also how we educate ourselves and raise the level of discourse while also discovering new things.
Take care.
Most current Corporate Presentation-
http://www.emcmetals.com/i/pdf/Investor-Review-December-2014.pdf
futr