InvestorsHub Logo
Followers 20
Posts 593
Boards Moderated 0
Alias Born 01/13/2010

Re: Thegreatcanadian post# 87

Thursday, 03/12/2015 11:04:36 PM

Thursday, March 12, 2015 11:04:36 PM

Post# of 264
I think SCY is the best scandium junior because they are the oldest and most professionally managed. In mining, since making any kind of mine often takes 5-10 years+, being the oldest and having spend the time to do "RD" via drilling and studies is a huge advantage. They will almost assuredly be the world's first primary scandium mine. They are not the world's first scandium mine, that title likely belongs to some unpronounceable Russian uranium mine that operated in the 60s.

I also really like SCY's deposit, the intercept lengths are awesome and the grades are very good, combining for some huge tonnage, and hopefully world supply.

Some of these other companies like Friedland's Clean Teq or Nio might beat SCY to producing a small amount of scandium but they won't be the first to produce in size and from a scandium dominated deposit. Clean Teq's scandium property is about 2 years or more behind SCY in my estimate and I am skeptical of nio's ability to produce scandium because it seems like they jumped on the bandwagon and I doubt they have done the science to unlock the scandium from the ore in the same way the SCY has. I am meaning to do more research on their new release and see how they mean to process it. Even in gold mining heap leaching is well understood and yet every individual mine has to do the studies to match their crushing equipment etc to their deposit. I doubt anyone is close to matching SCY in this regard.

It might actually be for the best that CT or NIO produces a trickle of scandium first, proves the market and encourages an appetite just as SCY will come online with its mine. All of the ~30 ish + random companies that claim the be in the scandium business only a small number are serious and none of them are even close to where SCY is. If it were a race SCY would be meters away from the finish while the others are just lining up at the starting line.