There is no focus that you would normally find in any type of real project. There has to be a way to get from here to there.
They seem to claim that they now have a method to make the process work but the proof is at some bench test level and more endless testing at less than a scaleable level is a bit of a puzzle. The only thing that counts in the end it must work at full plant scale and hopefully be able to expanded from that level in a modular form. If you think it works at some level, you move up quick in size (at maybe bigger steps) and don't mess about wasting money. It has to work at full scale or you have nothing. What exactly is the scaling factor now in play??? Too big a number, something chemical in nature or complicated, has its own sets of risk. You have to be able to move the project by some method.
So more endless tests that accomplish what??? They claim it will be enough proof to borrow more money. Yeah, but nothing is at the type of standards one would expect. When does it all end???
I never thought they had a tinker's chance to ever get into operations by themselves. Only a JV or buy out ever made any sense. Zero proof anybody else is interested or even seen it.
I would not buy that smart money junk. Probably ain't their own money anyway. There are ways if you have the proper information to manipulate.
I would say be extremely wary. Smells bad. I got a number of small mining stocks but in each of them there is enough info and you have the ability to track progress, including with updated construction type photos. This has squat, only a form of hope. If it is such a treasure trove why not a more focused transparent approach be done. I had my doubts all along, just wish I had followed them at the top of the last chart peak. Future is predictable, more stories, more dilution. Time means nothing.
A project of their size would not make a wart on the backsides of most large industrial projects. If you have never done it, this is the type of project that should require a "Process Engineer" That is the type of guy who deals with things chemical in nature and he has to get it right or else the rest of the team is in trouble. I've been on projects like that, usually the guy writes a document that is very detailed, everybody else uses it for guidance. Things can be complicated but the project moves to a particular schedule, if it don't heads get cracked. If the Process Engineer can't solve it quick, he better get somebody who can, or you got the wrong guy.
The whole thing makes no sense, zero drive, direction, focus. It is about git-her-done. I did more than two major projects where it really was big time in the time they have been screwing with this relatively minor one. Projects can have delays but usually there is an understandable reason. Nothing makes much sense about this one if you view it in terms of a normal World.
AI
