Scandium International Mining Corp (SCY)

[TMLonggun]

Not sure who are speaking to but in regards to your and Kaseymoe's questions-- SCY is boring because it is in a boring stage of its (and any mine's) development. They also have no interest in PR or pumping scandium.

That may not be a satisfying answer but it is the truth. All of the previous milestones have been well telegraphed and no one cared until the moment they were complete and even then the action was relatively muted. So in the future you will see some more appointments of production, development, and operations personnel like this:

July 6, 2016 / Scandium International Mining Corp. (TSX: SCY) ("Scandium International" or the "Company") is pleased to announce the appointment of Dr. Nigel J. Ricketts to the Nyngan Project team as Vice President, Project and Market Development. Dr. Ricketts is a metallurgist with a 30-year career in mine project, engineering, flow sheet design, and advanced research in metallurgy and alloy development. His career spans numerous specialty, base, and precious metals projects, including projects and processes targeting magnesium, aluminum, gold, copper, lateritic nickel, palladium & PGM's, lead-zinc, and scandium.

Most recently Dr. Ricketts and partners formed Altrius Engineering Services (AES, Brisbane, QLD. Australia), where he did extensive flow sheet design work on the Nyngan Project, both at preliminary economic assessment (PEA) stage and again at definitive feasibility study (DFS) stage. In addition, Nigel designed and managed numerous scandium test work programs that defined and refined the current project flow sheet for the Nyngan project.

Nigel's previous roles in project engineering with AMEC Minproc Ltd., AMEC Mining & Metals, Worley Parsons, and Chesser Resources in complex mineral recovery businesses are all highly relevant to the detailed design/construction/commissioning work about to start at Nyngan. Nigel will support any further flow sheet optimization work, early-works project engineering, and manage major vendors on long lead project items.

Dr. Ricketts also worked for CSIRO, the Australian government-supported technical research center in Melbourne, as a principal research scientist, for 15 years. His principal specialties were magnesium alloys and casting techniques. Dr. Ricketts is the author and holder of 5 metallurgical patents in alloy and flow sheet design. This technical metallurgy background will assist Nigel in his other role in SCY, which is his significant involvement in global marketing efforts for scandium oxide product.

Dr. Ricketts received a metallurgy degree (B App Sc) from South Australian Institute of Technology in 1985, followed by a Ph.D. in Chemical Engineering from Monash University in Melbourne in 1993. Nigel will report to John D. Thompson in Australia, who continues in his role as General Manager, Australia, for SCY.

George Putnam, CEO of Scandium International Mining Corp. commented:

"I am very pleased to welcome Nigel Ricketts to the SCY team. Nigel has been doing great work for us in technical, business and marketing areas for two years now, with help from his partners at AES. He has excellent local experience, highly relevant to our scandium project, and we are very fortunate to have him now on staff, fully involved with us, to construct the Nyngan Scandium project and assist us to further develop this business."


Followed by permit and mining license information being completed and lined up. No one outside our circle will care about this either. It is probable they will release another offtake agreement, which would be great news but the market still probably won't care. Mining is a game of waiting wherein you wait for different periods to wait. We are in one of the most boring of those periods, the post-discovery blues. This has a small number of news items and often drilling and discovery is halted. So what if you got one of the best resources ever found on earth that is capable of transforming several industries! What percentage of humans on the planet are aware of it and capable of acting on it? A tiny fraction of a fraction of one percent. Scandium has been well known in certain communities for decades and nothing has ever came of it. So people take the default skeptical stance, the show me the money attitude. This isn't wrong, just a tad myopic. Customers want a stable supply to commit but in order to have a stable supply someone must build it...with such commitments from investors, suppliers, or banks. This is what SCY is doing and why the next major milestone will be project financing. They have done all the necessary drilling and studies and have enough capable, connected management that they will be financed and most likely on good-excellent terms given the attractive economics of their studies. This has a near 100% chance of happening in my opinion. Yet still no one will really care until it happens, but when it does then SCY will rise and reach a new tier of share price and begin the next stage of waiting for construction to begin, followed by waiting for it to finish. A financed SCY with a complete plant is worth multiples of current price and a profitable producing SCY worth more still.

http://investorintel.com/technology-metals-intel/russia-launches-production-high-purity-scandium/

http://investorintel.com/technology-metals-intel/texas-mineral-resources-corp-to-make-scandium-lesser-pain-in-the-ash/

More competition is coming, which will only develop the market and serve to outline how unique the Australian high grade laterite ores truly are. Scandium interest is up and SCY is plodding along, still on track to be the world's first primary scandium mine...eventually. Five to ten years is not a long time; profits often go to the patient and wise.

Take care.