Well Gitreal, normally I don't buy too much into your arguments but on the crux of the argument this time you have a very valid point.
I would also question the whole idea that the endeavor could ever lead to what might be termed a "Bankable Feasibility Study" based on the level and scale being promoted. Far too many technical problems would remain as open questions. This does not look like any I've ever seen from so many angles.
First is the question of scale in just project size. The process size of all the testing is squat, to have any meaning to an engineer that would have to be scaled up to far larger size to "Prove" it works. All they have at present is some "Lab Size".
Normally in industrial projects you have to be at some "Pilot Size" minimum to be taken serious. You pick a size but something well up in the real TPD range. Final scale up probably no more than a factor of 10 more. Maybe seeing it in full operation at the size of a complete operational plant as built at the site.
Few 100 tpd which could be viewed as a module size that could be expanded in future to something in the thousands TPD. Minimim total working plant size of say 20 TPD as a "Pilot Size". The fact this is such an oddball project off the normal "mining track" sezs different rules apply and you really have far more duty to demo it as a real working process at a size that is meaningful.
Without that I can't see any real bank putting up serious many millions more. Ain't the way it works.
This idea of money is funneled to the man at less than arms length is a complete turn off. The real bank has to have their own technical experts who can also be satisfied on what is being said. Such a weird oddball type project from operational / technical viewpoint. You need extra verification.
Lacking that how could any real engineer recommend somebody else finance it. Especially somebody totally independent and does it routinely for a living over many projects???
And you have those issues I talked about before, exactly how does this real sized hydroclone work? Energy input requirement, oxygen demand, etc, etc, what does the total final plant as a full sized module look like? All this fancy p'ing about basically tells you nothing, this is not a standard process that you can point to another working model somewhere else.
Total lack of focus to this point, complete red flag country. Plus I doubt they can just go into business without more permit work. Slag pile might be grandfathered but trying to process it into something else won't be?
Just the idea of piling up the tailings or output side of the process beyond what metals is recovered is going to require more regulation approval of some type. Bet on it. Go look at what CGFIA when thru to get a permit approved with conditions for just an existing old mill with ore brought in from other sites.
Nothing is simple. You completely satisfy the permit side 100% before talking about a bank paying out big bucks. Never happens any other way in a straight above board game.
I said before, whatever comes won't be quick. Doesn't mean a fellow can't just play any stock chart move. But without a far more normal company structure and far more tranparency forget it. Don't believe much being said.
There is zero reason to be "Secret". There are probably close to zero other potential projects around the World that could copy anything learned here. In fact you should want everything to be public and hope for additional input from others who might have a useful viewpoint.
Not a business model that gives great confidence. It serves somebody's purpose but if on a real up and up level and for real reeks far too much as amateur hour at best. And Yes, the entire affair could be a cover for an insider gradification game. Them boys is grin'n big time. Pain is not shared.
AI
