Scandium International Mining Corp (SCY)

[TMLonggun]

The deposit is still being drilled out but what they have so far is most of the metallurgy cracked, patents filed, and a 43-101 with 12M MT of near surface 261 ppm scandium. The scandium price is tricky since the market is miniscule. Scandium's ultimate success will hinge on miners like SCY reducing the price via supply, but first to market will capture large profits. Depending on which prices you use you can get a gross value of the discovered minerals (without any processing etc) of somewhere between 3 and a hundred billion dollars for this 20 million dollar company. A more fair and reasonable price to start off with is somewhere between 10-50% of the most commonly quoted price ($2k/kilo) so I tend to use $1k/kilo or less which corresponds to $1/pmm to keep things simple. Using half of the lowest quoted price gives a gross value of 3.2 billion dollars and they have likely increased this to around 5 billion dollars with the great drilling results that have been posted and are ongoing.

Given its position I think SCY should be worth 5-10% of its gross value, or 160-320 million dollars. To get to even 5% is an 8 bagger. SCY should be trading at 50 cents, not 10 cents IMO.

There aren't many posts on the board, I encourage you to read them.

Take care.