Alot of us have posted to the best of our ability, but not necessarily with 100% fact. The following is a compilation of postings, including from myself, that have been reviewed by AMY and have comments from them to assure that we are indeed posting accurately.
Above all, we need know what the facts are. Take time to read this.
Facts...
- Immense resource in the ground in a friable material that can be easily chipped at with a shovel -- no expensive drilling.
Yes
- Only 25 % of the property has been drilled, so there is a lot more Mn in the ground than is in the NI-43-101 proven resource.
Potentially 20 percent
- AMY just brought on a new staff member with exceptional experience in EMM and EMD. Had he not thought this project was viable, he would not have moved half way around the world to work with AMY.
Board member, not a paid employee. Not required for him to relocate to Canada.
- AMY is part of the " Clean Tech Alliance " -- a founding member -- it will be a very green company, no tailings pond.
-Modest Risk remains only in (the price of EMM and EMD) going forward, technical factors of the project have been considerably de-risked now that we have a proven pilot project and with Tetratech, a world-class engineering firm confirming that this project is scalable.
- the State mine plan can be filed imminently The application process can get underway with state agencies and Bureau of Land and Mines upon release of the PFS report.
- 50% of the sell-off of shares the day of the announcement of the prefeasibilty had nothing to do with logic, but was hedge funds acting simply because they did not get immediate gratification. They went elsewhere and no fundamentals of what AMY has were applied to this move. This is what hedge funds do.
Redemptions are the primary factor and took advantage of high volume to liquidate.
- The EMD advantages when produced with the Kemetco process is that these batteries will have high power discharge, thermal stability, and are significantly cheaper than cobalt based batteries. These AMY batteries potentially have no impurities that lead to instability that all other batteries for electric cars have, therefore May not require the very lengthy and time/cost coefficient essential to testing the current batteries used in electric cars.
- AMY has ordered battery-testing equipment and will have a finished product within about 10 months.
- On April 16, 2012, Obama signed into law that the US government will support technology and mining of critical minerals that are related to defense. It had been realized by them that we cannot make any steel on our own and are currently dependent on China for the EMM etc., so they are eager to encourage and aide projects related to US Defense. This bill states that this help may come in the form of grants and loans.
Potentially
- On June 6th, Mr. Reaugh will present AMY and discuss the above in D.C. as an invited member at the conference on Critical Minerals, and will discuss with State Senators, Congressmen, and others at the top in Defense in the US about what can be done to expedite development of the project. This may involve such things as environmental permitting. This meeting is very important in that only three mining companies in all of N. American were invited to this conference.
- AMY is not planning to issue stock options
Other than to newly appointed Directors who do not have been granted incentive options.
- The Company has over 12 outside parties in discussion as possible JV partners. These parties include steel, aluminum and battery interests. This will be a big decision that must be considered most carefully over time by AMY because the partner chosen will determine more the direction of the market AMY will be supplying. The world scenario would be followed closely by AMY to figure out what would be in the best interest of The Company, and now is not the time to decide that, in a market that is volatile and is imploding on itself every other day. When determining a JV partner, these discussions go back and forth many times before every detail can be agreed upon. It is complicated and involves in-depth studies to accommodate both parties and ensure fair treatment to both.
- Even the big boys in mining like BHP Billiton are gearing back on their plan for the year and are dealing with their price per share loss from around $85.00 down to $45.00 in the last few weeks. Barely any mining company has been spared from the turmoil in Europe and China.
