Scandium International Mining Corp (SCY)

[TMLonggun]

I agree. It should also be noted Niocorp is mainly about niobium while SCY is a pure scandium play, with all the pros and cons that entails. SCY has basically unlimited production potential while Nio's scandium ore is not even correlated directly with niobium, which means they are kind of going in two directions. SCY is easy geology at surface (like Mexus), NIO is deeper and complex. Nio needs a billion dollars (ouch) SCY needs 1/10 that for a much higher margin project. SCY needs 125% market cap for their project, Nio needs 560%+ - very hard to raise 5.6 x your market cap for a project. Very easy in comparison to raise 100m (near market cap) with a DFS that has such a high IRR.

The market desires reliable supply and any one project is insufficient to provide that. If the sector leaders succeed, then the new class of scandium juniors and wannabes will develop their deposits - scandium is found all over the world, US, Canada, northern Europe, Australia etc but nothing quite matches the Australian laterites which are the undisputed mother lode of scandium - bar none - no known comparable deposits exist outside of Australia. Look at the grades and depths side by side - they are striking. Niocorp can easily succeed and make a lot of money for its holders but comparing their scandium discovery to SCY or any of the other Australians like Clean Teq or Metallica is a joke. One is a lean, mean Olympic athlete, the other is a tad overweight.

Side note: Clean Teq now has a Canadian listing (finally!) and is an excellent company with fascinating water purification technology and some of the best scandium on Earth. Kind of an interesting combo, even if they have slowed development of their mining projects as I understand it. On my list to do some research, I really like Friedland.

Probably worth it to own a basket of scandium companies weighted in SCY's favour imo.

I bet SCY starts to raise money here shortly and that should begin the next (less boring) stage of the mine cycle. In the mean time, we wait patiently (or not).