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Saturday, June 29, 2024 9:56:05 PM
You are speaking some sense here gitreal. Thank you.
I hope that there is more to this PGM business than presented because if this is it, all it is doing now is inflating expectations only to inevitably under-deliver. I have always believed in the principle of underselling in order to over-deliver, but in business I and this company seldom share the same circumstances.
Holding back production of the gold and silver in order to develop their process to handle PGM's should not be done unless absolutely sure the added expense, time, and complication is worth it. There's a reason mining companies conduct feasibility studies only after a long term scope and measured reserve is established. Sure right now, selling concentrates to a buyer who will honor values is a low stakes proposition, but we are talking about eventually producing refined product in house. From what I understand, the difference in melting point, density, hardness, and thermal resistance when compared to gold make these elements much more complicated to work with. They are even hashtagging REE's on a regular basis now. To my knowledge, all of these are predominantly produced as byproducts of large scale production, or recycling, rarely economic as a primary mined resource.
I don't know anybody who invested in the company because of PGM's. I personally don't remember ever giving a shit about platinum group metals in the state of Idaho before this year. I think whats going on is that we have a committee within the company made up of varying degrees of experience with this stuff. They are just slowing things down to make the lot of stakeholders happy, and feel like they are not leaving any money on the table with prejudice. The decision to pump PGM's on social media, was always something I entertained tongue in cheek, but I do give them the benefit of the doubt, admire their work ethic, and their necessarily having more information than I. I have grown to trust the people behind this business and I understand that that necessitates some tolerance for error. I more than anybody want to move on from this stage of forced inference concerning the drama of a prospective breakthrough PGM resource as soon as possible. Take as long as you need but act as quickly as possible if unanswered questions are presented that are easily and expediently answerable.
To quote Dan Hally, "One thing we do know, we got gold." At the very least, certainty upon that fact is affording them the time to experiment, and that's how i have chosen to look at it so far.
I hope that there is more to this PGM business than presented because if this is it, all it is doing now is inflating expectations only to inevitably under-deliver. I have always believed in the principle of underselling in order to over-deliver, but in business I and this company seldom share the same circumstances.
Holding back production of the gold and silver in order to develop their process to handle PGM's should not be done unless absolutely sure the added expense, time, and complication is worth it. There's a reason mining companies conduct feasibility studies only after a long term scope and measured reserve is established. Sure right now, selling concentrates to a buyer who will honor values is a low stakes proposition, but we are talking about eventually producing refined product in house. From what I understand, the difference in melting point, density, hardness, and thermal resistance when compared to gold make these elements much more complicated to work with. They are even hashtagging REE's on a regular basis now. To my knowledge, all of these are predominantly produced as byproducts of large scale production, or recycling, rarely economic as a primary mined resource.
I don't know anybody who invested in the company because of PGM's. I personally don't remember ever giving a shit about platinum group metals in the state of Idaho before this year. I think whats going on is that we have a committee within the company made up of varying degrees of experience with this stuff. They are just slowing things down to make the lot of stakeholders happy, and feel like they are not leaving any money on the table with prejudice. The decision to pump PGM's on social media, was always something I entertained tongue in cheek, but I do give them the benefit of the doubt, admire their work ethic, and their necessarily having more information than I. I have grown to trust the people behind this business and I understand that that necessitates some tolerance for error. I more than anybody want to move on from this stage of forced inference concerning the drama of a prospective breakthrough PGM resource as soon as possible. Take as long as you need but act as quickly as possible if unanswered questions are presented that are easily and expediently answerable.
To quote Dan Hally, "One thing we do know, we got gold." At the very least, certainty upon that fact is affording them the time to experiment, and that's how i have chosen to look at it so far.
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