Hello Greg:
Hope all is well for you and your family. We are both doing fine, enjoying the beautiful weather we are experiencing in the Rockies these days.
Richard sent me a copy of your message.
We are still very positive in the future of "our" company. Haven't posted much recently, I do not want to sound repetitious. We need a mountain of green backs to
get this project to fruition. Nothing different with this statement than some of my post from 2017-2018 time frame.
In reference to your question regarding the PP announced on Friday, just expressing my opinion: Any enterprise needs funds to continue operations. Since we are not producing /selling at this time, we need funds to continue. Since we don't have profits, we must sell a little piece of our project to obtain funds. Pretty straightforward. Fund in the company coffers is a must, therefore it makes the announcement on Friday a real positive occurrence.
In my opinion we need around 20 million USD to finalize the Feasibility Study. (ref: IHUB post 106928) When will it be released, of course I have no idea.
However, the Friday release contains some very interesting facts. Mainly the payback of those funds commences very quickly. So, from that I can only infer that something larger is in the horizon, in a relative short time.
I am mainly interested in the Stellantis participation in our project. Mainly, that Carlos Tavares is involved in the project. An automotive enthusiast at heart and the CEO of one of the largest enterprises in the world. Their main interests are the Scandium/Aluminum master alloy ingots, NdPr oxide as well as the "heavy" REE oxides Terbium and Dysprosium.
I guess, I better go back to my "hole" and stay quiet.
Have a great weekend.
IHUB post 106928
