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.
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.
PM I think those are 2010 & 2012 references, probably not relevant in today's economic and political situation.
walterc, thanks for posting the transcript. Any chance that there is a link to the audio?
The "In Gold We Trust" report 2022 has been published!
Jun 6, 2022
Good Morning,
We would like to share with you the 2022 In Gold We Trust report authored by Mr. Ronald-Peter Stoeferle and Mr. Mark J. Valek. Our appreciation goes out to the authors and partners (which includes our JV partner Tudor Gold) for their contributions to a publication of this size.
"Each year we undertake a comprehensive macroeconomic analysis and examine the trends of the present, learn from the past with an eye on the future. To understand them, fundamental workings of the financial and economic system must be explored and critiqued."
For link goto:
https://mailchi.mp/4e6f6626b30a/new-treaty-creek-report-4754558?e=6f11d69fd1
Thanks for posting that link rubberworm
I agree ..." I would have thought/hoped that the “first” company Mark wants to finance this mine " would be pulling the trigger now.
I wonder what the earlier term sheet listed as issues to be resolved.
cute clip chico, I certainly needed a laugh to end the week.
Thanks that was a very interesting link.
Appia Announces 2021 Assay Results and Discovery of a Significant New Mineralized Zone at Alces Lake Rare Earth Property, Northern Saskatchewan
TORONTO, ONTARIO, June 1, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to announce complete WRCB assays results from its 2021 drilling program and the discovery of a massive new rare earth element (“REE”) -bearing zone in the WRCB area of the 100%-owned Alces Lake high-grade rare earth elements and gallium property, Athabasca Basin area, northern Saskatchewan. Further assay results from 2021 drilling in the Western Anomaly area of the Alces Lake claims block will be released in the near future. The complete assays results are available in Table 3 by clicking on this link.
Highlights:
- Wilson 21-WRC-014 intersected 15.81 wt% TREO over a drilled width of 3.67m within a broader interval of 6.99m @ 11.70wt% TREO (see Table 1)
- Wilson 21-WRC-016 intersected 24.30 wt% TREO over a drilled width of 1.93m within a broader interval of 3.19m @ 15.38wt% TREO AND 17.85 wt% TREO over a drilled width of 2.69m within a broader interval of 11.6m @ 5.71wt% TREO (see Table 1)
- Richard 21-WRC-053 intersected 17.12 wt% TREO over a drilled width of 1.08 metres within a broader interval of 4.29m @ 5.19 wt% TREO (see Table 1)
- High grade, at or near surface mineralization at WRCB now correlated along strike length for 100 metres
- New discovery of the AMP zone, which is continuous from surface to a down plunge extent of 300 metres and remains open. The true width of the mineralized zone is known to exceed 10 metres
Frederick Kozak, President of Appia said “The wait for the assay results was worth it. Appia has identified the continuity of the WRCB shallow high-grade mineralization with a strike length of approximately 100 metres and consistently strong assay values. However, the new discovery of the massive AMP zone from surface to depth has revealed it is large and continuous across all of the WRCB area and open along strike within the NNW-trending kilometre-scale structural corridor. This could be a blockbuster for future rare earths production, as Appia continues to move the Alces Lake rare earths discovery towards potential development.”
Sorry can't seem to provide a link to the rest of the PR.
Thanks monocle for posting that link.
AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE
VANCOUVER, BC, May 31, 2022 /CNW/ - (TSX: AOI) (NASDAQ Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF
As a result of the exercise of stock options under the Company's Stock Option Plan, the Company now has 477,192,632 common shares issued and outstanding with voting rights as at May 31, 2022.
About Africa Oil
Good Morning,
JS Research has published another due-diligence report about Treaty Creek and we are passing it along to our shareholders and people following our company.
Our team here at American Creek are very excited for the phase 1 program and the consistent news flow of assay results.
For link go to:
https://mailchi.mp/c24d7cf19f09/new-treaty-creek-report-4754562?e=6f11d69fd1
It sure would be interesting to learn what requirements needed to be met in order to proceed that were included in the original term sheet.
Re-reading it and then reading the papers about the Ukraine I realized that I should have put something in about Titanium
I read somewhere that Airbus and Boeing are both heavily dependent on Russian sources of for their Titanium (if memory serves close to 50%). Depending on the purity and form NioCorp can provide they may be able to negotiate an off-take.
Why I like the NioCorp’ Elk Creek Project
In My Opinion everything seems to be much more positive than negative.
POSITIVE FACTORS
The May 18, 2022 Press Release (PR) announcing the revised 2022 Feasibility Study (FS 2022) was entitled “NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S.”
https://www.niocorp.com/niocorps-elk-creek-project-confirmed-as-the-second-largest-indicated-or-better-rare-earth-resource-in-the-u-s/
- The FS 2022 does not include rare earth (REE) production
- The FS 2022 shows, without REEs, an improvement over FS 2019.
- - 12.0% Improvement in the After-tax NPV to $2.35 billion
- - 6.9% Improvement in the After-Tax IRR to 27.6%
- - 5.8% Reduction in the After-Tax Payback Period to 2.69 years
- - 9.7% Improvement in the Annual Operating Cash Flow to $0.337 billion
- The FS 2022 produces positive values for all of the normal economic variables .
- The FS 2022, without REEs, is a valid project as presented.
- - 50% of Niobium is covered by an off-take with ThyssenKrupp Metallurgical Products, a major metal industry trading entity.
- - 25% of Niobium is covered by an off-take with Commercial Metals Company, a major metal industry trading entity.
- - 25% of Niobium is covered by a memo of understanding with a major US Based steel producer.
- - - - Essentially 100% of Niobium first 10 years of production is covered by off-takes.
- - 10% of Scandium is covered by an off-take with Traxys North America a major metal industry trading entity. This entity has expressed interest in receiving a larger percentage.
- - - - That 10% represents approximately 10 percent of NioCorp’s planned annual production of Scandium, and is about one years equivalent of current world consumption of Scandium.
- - - The off-take agreements, which include information about quantity and pricing have been in place for a number of years and throughout the preparation and release of three Feasibility Study documents. The agreements are still in place and apparently the quantity and pricing levels are acceptable.
- The FS 2022 is based on:
- - Tried and industry proven mine construction, ore extraction and processing technology.
- - Tried and industry proven solvent extraction technology for our Nb-Sc-Ti products.
- The project is fully permitted, construction can start immediately after financing is committed.
- The mine will produce elements that are in the top 10 element list of “US Critical Minerals”
- The project is:
- - The second largest source, by far, of Niobium in the world.
- - The largest source of Scandium in the world, producing about 10 times the
current world annual supply.
- The mine is underground, minimal if any environmental and air problems.
- The mine is on private land
- The volume of ore that is included in the FS 2022 is a low percentage of the total carbonatite ore mass that has been detected.
- NioCorp has options to purchase the land above the total ore mass.
- The potential ore body is open in two directions and at depth, no one really knows how much Nb-Sc-Ti-REEs is down there.
- There are no radioactive elements in the ore.
CONDITIONAL POSITIVE FACTORS
- A decision to extract and separate key Rare Earth Elements (the high strength permanent magnet elements) into elemental metals has not yet been made.
- - When such a decision is made NioCorp will release a further revised Feasibility Study.
- If a decision is made to include the key Rare Earth Elements
- - The REE separation facilities may be the only such facility in the United States, making the project a REE source that is totally independent of China.
- - REEs will be produced as by-products of the Nb-Sc-Ti processing. As such their pricing will be less susceptible to REE price volatility and manipulation.
- Demonstration of changes in certain of the ore processing activities are being done by L3 that, if they prove out, may require changes to the processing of the ore specifically to produce the REEs and would:
- - allow NioCorp to produce some Nb-Sc-Ti-REEs products to a purity level and in a form that would put some of the products in the “specialty chemicals” category which carry higher prices than commodity chemicals.
- - change the OPEX values
- - change the CAPEX values
- - change the REVENUE values
- - - No decision to include REEs into the project will be made unless the changes generate a positive return on investment (ROI) evaluation.
NEGATIVE FACTORS
- The improvement in the economic values from FS 2019 to the current FS 2022 may not be considered significant by the financing entities and the project is not financed.
- A decision to not include REE in the project IS NOT a “kiss of death” negative factor.
CONCLUSION IMO
- The FS 2022, without REEs or changes developed by L3, is a valid project as presented.
Partnering with Ucore in USA.
Vital Metals Limited
Canada’s first rare earths producer Vital Metals Limited (ASX: VML l OTCQB: VTMXF) (“Vital”, “Vital Metals” or “the Company”) is pleased to share its company presentation for May 2022.
To get the link go to:
https://mailchi.mp/c175da8cfd2c/march-2022-quarterly-activities-and-cash-flow-report-11795312?e=080567558f
Vital Metals Limited
Canada’s first rare earths producer Vital Metals Limited (ASX: VML l OTCQB: VTMXF) (“Vital”, “Vital Metals” or “the Company”) is pleased to share its company presentation for May 2022.
Offtake agreements and partnering with Ucore in USA.
To get the link go to:
https://mailchi.mp/c175da8cfd2c/march-2022-quarterly-activities-and-cash-flow-report-11795312?e=080567558f
Yes you 34 min mark is correct "I heard him say 22 months to getting first ore, and then maybe 11 months to ramp up to full production"
.
Scott Honan has said a number of times that he is chomping at the bit to start drilling into the carbonatite ore body once the shaft gets down to the ore body level. He wants to drill in all directions of the compass as well as down to find out just how big and rich the deposit is. I think "knocking your socks off" may be an understatement.
Even before I read jwr's post #80533 I was mentally going through the steps and figured maybe Labor Day (early Sept) before a financing announcement. jwr estimates Oct 1st so we are both in the late Summer or early Fall 2022 ballpark.
I suspect that keeping the banks/investors in the loop about the demonstration work and results every couple weeks, per MS's comments, will be food to their staffs economic models (which may be as extensive as NioCorp's) and a final decision for the cornerstone investor/banker may come before the final FS 2022.1 is released. Or maybe it is verbally discussed but the formal FS 2022.1 must be issued before a legally binding signature is on paper.
Based on the video I suspect that the updated NI 43-101 may forthcoming in early or mid summer. Certainly IMO the data in the May 18th PR and its Table 5 of the Appendix provide much, if not all, of the data the modelers need.
It sounds like even though MS has options A, B, C, D, and E he still would like to have the entity he liked a few years ago (has it really be a few years) finally get the last components of its package to say GO. Maybe it is the 80% Debt Option.
HI DM Yes my ears perked up when I think I heard him say 22 months to getting first ore, and then maybe a year to full production. Although the revenue from the "start-up" phase is considered as an off-set to the initial capital investment it is still cash flow into the project. Even 10%-25% of full production for a year would be nice "icing on the cake".
American Creek's JV Partner Tudor Gold Increases Exploration Efforts with Eight Drills at Their Flagship Treaty Creek Property in BC's Golden Triangle
Cardston, Alberta--(Newsfile Corp. - May 25, 2022) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") is pleased to announce their JV partner Tudor Gold's exploration efforts have doubled for Phase l of the 2022 exploration program (the "Program") at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. The fully funded Program consists of a 30,000 metre (m) diamond drilling campaign that has been developed to systematically test the extension of the Goldstorm Deposit well beyond the limits that were outlined in the 2021 Mineral Resource Estimate (American Creek press release dated March 9, 2021: reported a Measured and Indicated Mineral Resource of 19.41 million ounces of AuEq grading 0.74 g/t AuEq and an Inferred Mineral Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq). In addition, exploration diamond drilling will focus on the Calm Before the Storm (CBS) and the Eureka zones (EZ or Eureka).
During the past two weeks, Tudor's crews have mobilized four more drill rigs to the site from the winter route via the Brucejack Access Road. Our drill contractors now have eight drill rigs working on three targets. Six drill rigs have commenced drilling the northern aspects of the Goldstorm Deposit as step-out exploration holes. One rig has been drilling at CBS as follow-up on last year's newly discovered gold-silver system, located 2.5 kilometres northeast of the Goldstorm Deposit. Additionally, crews have begun drilling the Eureka Zone located 800 meters southeast of the Goldstorm Deposit
Read more at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=0b11febe20
I can't watch the webinar, hope a copy is posted for viewing tomorrow.
The Techmet video shows pictures of only two people representing USREM - Mark Smith & Jim Sims.
Hmmmmm
Agreed BM. Traxys is a world wide metal trader and I am sure they have an intimate knowledge of what the pent-up demand is.
Thanks monocle for providing a reference to Tim Worstall’s recent Seeking Alpha article.
In my opinion Tim Worstall is a generalist, between Feb 5, 2022 and May 23, 2022, 15 weeks, he has published 40 articles on Seeking Alpha, each on a different company or topic. Among his articles there were 7 that covered non-energy or non-resource subjects.
While “A mile wide and an inch deep” might be a bit severe, maybe "A mile wide and 3 feet deep" could be appropriate, of course I am using Tim’s own words, in my opinion of course.
The work that has gone into preparing Feasibility Study (FS) 2022 and all of the previous NioCorp FSs for the Elk Creek deposit have all been done by impartial 3rd party experts in the various fields of the project from mine design, ore preparation, ore processing, element separation, product marketing and pricing, etc. NioCorp has bent over backwards to be sure that the components of the FS are based on, and are agreed to and signed off by impartial 3rd party experts. It could be said that the FSs are based on knowledge experts that are "3 feet wide and a mile deep".
Hmmmmm Tim Worstall's article commenting on NioCorp’s May 18, 2022 Press Release (PR), is tough to read considering his inaccuracies, statements and mis-statements.
It is distressing to see how many times he includes qualifying wording and “evasively yours” type wording and phrases: ... ”in my opinion of course” or words to that effect ... “A rule of thumb” ... “Just work with me on this” ... “These aren't wholly accurate (partly because I'm guesstimating the FX rate” ... “they're good enough for the purposes I want to put them here” ... “Don't get hung up on the accuracy of the numbers, savour the point being made instead” ... “I know those aren't right but they're good enough for us” ... “We're just pencil sketching here after all” ... “Sure, we've taken very rough numbers and prices” ... “Again, these numbers are fragile” ... ”I could be wrong “
Scandium
- His use of a selling price of US$1,100/kg Scandium Oxide versus US$3,750/kg. However, Table 5 in the Appendix of the PR shows $3,675/kg for Scandium.
- His implication is that the selling price for a commodity product is the best that can be obtained, which is not realistic in my mind of course I am using Tim’s own words “...in my opinion of course”
- He questions the price that is used for Scandium and questions how fast the market for Scandium could be grown.
- The fact that some of the Scandium is covered by an off-take agreement with a trading party that would like more Scandium and is probably intimately knows what the pentup demand is.
- There is an abundance of literature about the weight savings, strengthening, and weld advantages of aluminum-scandium alloys as well as actual military and commercial uses.
- A few year back AIRBUS patented an Al-Sc alloy for use in aerospace applications. In the 2-3 years prior to production I suspect the demand will be there, in my opinion of course.
- I suspect that the price Bloom Energy would pay for Scandium Oxide at a purity and form that NioCorp will produce is higher that the commodity price that he quotes.
- He stands by his numbers and opinions which is OK, but in my opinion they do not apply to NioCorp.
Rare Earths
- He claims “They'll not be producing the individual elements as that requires another $billion plant to perform that separation. They'll be producing a mixed concentrate. Mixed concentrates aren't worth very much”.
- The “Mixed concentrates aren't worth very much” is correct.
- However, the other parts of the statement are not.
- The PR specifically stated “There is potential for NioCorp’s REEs to be mined, crushed,and placed into solution as part of the process NioCorp plans to use to produce its primary niobium, scandium, and titanium products.”
- The PR specifically stated “NioCorp could produce separated rare earths as a byproduct”.
- In various comments from both Mark Smith and Scott Honan if it is decided that NioCorp would produce rare earth oxides or metals there would be some incremental “bolt-on CAPEX”, although not at the level of an additional “$billion” that he quoted.
Tim Worstall’s closing comment (for which he has very little, if any, legal responsibility) is:
Leading Global Mining Executive Peter Oliver to Join the NioCorp Board
May 25, 2022
Former Managing Director and CEO of Talison Lithium Brings Decades of Experience in Resource Development, Critical Minerals Processing, Mergers & Acquisitions, and Project Financing
CENTENNIAL, Colo. (May 25, 2022) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF) is pleased to announce that Peter Oliver, the former Managing Director of Talison Lithium (“Talison”) and a 30+ year veteran of the mining and critical minerals processing industries, will join NioCorp’s Board of Directors.
Read at:
https://mailchi.mp/niocorp.com/leading-global-mining-executive-peter-oliver-to-join-the-niocorp-board?e=a994b680bf
Thanks Nebraskan. Am I correct that Traxys North America wanted more Scandium and management said no?
Would someone please remind me what the off-take situation is. I remember:
75% Nb
50% Sc but the entity wanted more and mgt said no
0% Ti
Thanks BM for pointing that out. I can't correct the existing post but I'll correct the master on my computer.
Treaty Creek Picked Up By Mining.com
Good Morning,
Our JV Treaty Creek Project has been highlighted on Mining.com and we want to pass this along to you. Tudor Gold and the operations team have done an amazing job in the early season, putting together the most aggressive and exciting program to date.
"It looks like Treaty Creek is a giant in the making, and so far, indications point toward being in the right place to define what may become one of Canada’s largest open pit gold mines in the upcoming years."
For the link to the article:
https://mailchi.mp/0e307b4d7214/new-treaty-creek-report-4754546?e=6f11d69fd1
Yes my "gut" feels that there will be "some" form of financing soon. Remember that the loan to MS has to be addressed in June.
When I saw that FS 2022 was issued without the REEs included and the NI 43-101 not yet done I thought that one of MS's option A, B, C, D, E might have been pressing for an update of the FS 2019:
1. Update with new estimates of the CAPEX, OPEX, and REVENUE
2. Identify, to the extent that you legally can, what the situation is with the REEs
3. Verify that the plan proposed for Nb-Sc-Ti mining, processing, and sale of the products at the purity levels and forms is valid.
Then we (the financing group) can make a decision with the following in mind:
- FS 2022 is valid and investable/financable.
- NioCorp owns the land that will be initially mined and used for processing.
- The land that NioCorp owns is a small percentage of the total required to cover the carbonatite mass that has been detected and that NioCorp has options to purchase that land.
- The potential ore body is open in two directions and at depth, so no one really knows how much Nb-Sc-Ti-REEs is really down there.
- The FS 2022 plan is fully permitted.
- Open issues concerning ore processing that L3 is now investigating will be adopted only if it provides a positive enhancement to the ROI of the FS 2022.
- The possible changes in ore processing may reduce OPEX, improve operating efficiencies and recoveries, and may allow NioCorp to produce some of our Nb-Sc-Ti-REEs to a purity level and in a form that would put some of the products in the “specialty chemicals” category which usually carry higher prices than commodity chemicals.
- If the work that L3 is currently doing is not adopted the plan put forward in FS 2022 is still valid
- The open issue about REEs appears to be positive and if adopted would further enhance FS 2022
- - The NI 43-101 is being worked on and will be issued in the future.
- - Although not complete the two 3rd party firms, Understood Mineral Resources Ltd. and Dahrouge Geological Consulting Ltd., participated in preparing the FS 2022 and the PR released on May 18, 2022.
- - The "Probable" category of total Rare Earth Oxides (TREOs) are estimated at 632.9 kt (kilo tonnes) including:
- - - 26.9 kt of praseodymium
- - - 98.9 kt of neodymium
- - - - 2.3 kt of terbium
- - - - 9.1 kt of dysprosium
- - The above are predominantly REE oxides that go into permenant magnets.
- The plan to include these REEs as BY-PRODUCTS will be adopted only if it provides a positive enhancement to the ROI of the FS 2022.
- If the production of REEs is not adopted the plan put forward in FS 2022 is still valid.
- The FS 2022 is valid and investable/financable.
- The two main outstanding issues, work by L3 and inclusion of REEs, will be adopted only if they provide positive enhancement to the ROI of the FS 2022
- If either or both are not adopted then the plan put forward in FS 2022 is still valid and investable/financable.
It is my opinion that there was a push to get a revision to the FS 2019 to provide a "cake" that can be consumed. The two main "in the sky" issues are positive and will provide extra "icing" on the "cake" if adopted, and have no negative impact on FS 2022 if they are not adopted.
Lets get this projected in the ground!!!!
Good find GM, thanks for posting it. It sounds like they definitely will handle the REEs as BY-PRODUCTS which will put them in a very competitive position and should be very profitable. Also they will be less susceptible to the REE price volatility and price manipulation that China has demonstrated.
NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S.
Second only to MP Materials’ Mountain Pass rare earth deposit.
New Mineral Reserve and Economic Model does not yet include rare earth production but updated feasibility study shows longer expected mine life, higher expected ore grades and tonnages, and improved expected project economics from niobium, scandium, and titanium
What’s not to like.
Admittedly the fact that the CAPEX, OPEX, and REVENUE for the REE is not included may cause those persons who fall in the “analysis paralysis” or “I don’t know, there are still some loose ends not yet nailed down” to drag their feet.
IMHO the increase of CAPEX and OPEX for processing the REEs will exist but I expect them to be low relative to the other values of CAPEX and OPEX. The increase in REVENUE will be substantial, I believe that grunt23's figures are appropriate.
I am please to see that the thinking to produce, if that is the final decision, the REEs as BY-PRODUCTS is the best one. All the cost to build the mine, bring the ore to the surface, and prepare it for processing will be absorbed by the Nb-Sc-Ti product. Only the specific costs to separate the individual REEs will be considered in the costing of the REE by-products. This will place NioCorp’s products at a competitive advantage vis-à-vis other rare earth projects.
This FS 2022 is an update of the FS 2019 and the project got better independent of the inclusion of REEs:
12.0% Improvement in the After-tax NPV
6.9% Improvement in the After-Tax IRR
5.8% Reduction in the After-Tax Payback Period
9.7% Improvement in the Annual Operating Cash Flow
Although the NI 43-101 report is yet to be published, the 3rd party firm that NioCorp is working with, Dahrough Geologic Consultants, is willing to estimate that there is probably and estimated 632.9 kt (kilo tonnes) of contained total Rare Earth Oxides (TREOs).
- 632.9 kt of TREO, including these individual rare earth oxides:
- - 26.9 kt of praseodymium
- - 98.9 kt of neodymium
- - - 2.3 kt of terbium
- - - 9.1 kt of dysprosium
A lot of magnetic type material
Please keep in mind the following:
- The mine is fully permitted, just waiting financing to start digging.
- The mine is underground minimal if any environmental and air problems.
- The mine will produce elements that are in the top 10 elements of the list of “US Critical Metals”
- The “ore blob” that is included in the FS 2022 is a low percentage of the total carbonatite mass that has been detected and that NioCorp has options to purchase.
- The potential ore body is open in two directions and at depth, so no one really knows how much Nb-Sc-Ti-REEs are really down there.
- The ore body is generally homogeneous and therefore it is highly probable that the numbers we now see will apply if the “ore blob” is enlarged.
- The mine, the “ore blob” and processing facilities are on land that NioCorp owns.
- The numbers in the FS 2022 make this mine:
- - The second largest source, by far, of Niobium in the world.
- - The largest source of Scandium in the world, producing about 10 times the current world annual supply.
- No radioactive elements in the ore.
- The REE separation facilities may be the only facility in the United States, making the project a REE source that is totally independent of China.
- The REE facilities use the proven solvent extraction process for REEs at this time
- Some experiments being done by L3 that, if they prove out, may reveal changes to the processing of the ore that would:
- - possibly reduce OPEX
- - may increase CAPEX
- - allow NioCorp to produce some of our Nb-Sc-Ti-REEs to a purity level and in a form that would put some of the products in the “specialty chemicals” category which usually carry higher prices than commodity chemicals.
- - If the L3 work does not prove desirable then nothing is lost the FS 2022 package is still viable as presented.
What Is there Not to like? Why is there a hesitation to finance? We are permitted, let’s get this project started.
Elk Creek Water looks like something I would have mixed up on St. Patricks Day party weekend at MSM (MS&T now) back (waaaay back) in the day. Best drunk with your designated driver by your side.
Ooooo Is that the red shovel just behind MS's right shoulder? Gotta check every clue.
sigh
Raises hell with the "Attention to detail" concept.
Rapidly Expanding A World Class Discovery
May 20, 2022
Management and shareholders are excited to see the announcement of the 2022 phase 1 drilling plans. Plans for 8 drill rigs, with the possibility of 10, will bring a pace of exploration never before seen at Treaty Creek. It is shaping up to be one of the most exciting gold exploration programs in the world.
Tudor's plans are focused on following up on the strong mineralization uncovered in the northwest of the growing Goldstorm deposit. The most encouraging grades so far on the project came at the tail end of last years program and and example is the following hole;
Read more, view graphics and get access to a video at:
https://mailchi.mp/dcde07520f06/new-treaty-creek-report-4754542?e=6f11d69fd1
APPIA ANNOUNCES OPERATIONAL AND DRILLING UPDATE WITH NEW INTERSECTIONS OF 50+ METRES OF ANOMALOUS RADIOACTIVITY AT ALCES LAKE RARE EARTH PROPERTY, NORTHERN SASKATCHEWAN
TORONTO, ONTARIO, May 18, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to provide an update on the Company’s 2022 drilling program at Alces Lake. As previously announced, the winterized camp was opened in early March and drilling has been underway since mid-March. A second drill became operational on May 4 and both drills are operating 24 hours a day.
• All 2021 assay results are now in-house and being analyzed and evaluated prior to release
• 24 holes (4,889 metres) drilled to date in 2022 and drilling continues
• Expansion of WRCB area along strike to the southeast with no boundary found to date
• Potential discovery on Augier prospect with drilling of thick section of anomalous radioactivity in first three holes (51.2 metres, 70.1 metres and 58 metres).
Drilling continues
To the middle of May, 24 holes have been drilled at Alces Lake, totalling 4,889 metres. For comparison, a total of 100 holes were drilled in 2021 at Alces Lake, totalling 8,076 metres. Appia expects that the 2022 program will be a minimum of 12,000 metres to as much as 20,000 metres, all of which will be funded with available cash on hand.
Augier Discovery – early positive indications
Read more at:
https://www.appiareu.com
Just my opinion. Everything takes longer than you think it should.
buxmaker if you are thinking of making a "killing" with this stock I think the only time in the next few years will be when a farmin by a major is announced. I missed spoke earlier when I thought Q2 2022. Depending on how how fast the major wants to move and how fast Pancon wants to move I suspect an announcement might be towards the end of Q3 2022 or in Q4 2022.
I agree with what manuel06 says.
Next bump after that will be when a drill target is announced and date. Then if the exploratory well is like the two further south and really hit pay dirt then away we go, maybe 12-18-24 months from now. First production oil probably 3-5 years.
Oil is like mining, some share price bumps along the way, which can be significant,[ but the overall cycle from "I think there may be oil down there" to "selling thousands of barrels per day" is years in the making. It is not for the quick buck, lots of strong stomachs and lots of patience.
Right TT? I wonder if redinvest from 2014 is still around?