PGM 0.00% 1.9¢ platina resources limited

A Mega Mine, NSW lateritic clay belt, page-110

  1. 4,508 Posts.
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    In general I agree with prior posts concerning OBM, in particular I agree with olympian.

    I think that could provide the the best outcome for the holders of the companies involved.

    Honestly one cannot rule out the idea that CLQ has this in mind. They are taking a lot of gas over their high capex DFS.
    Why is it so high ? Because they went all-out to build a bigger mine with higher capacity.

    For example, they put all the scandium costs in, but only 10 tpa scandium income is included in the DFS.

    There are reasons they pushed all their chips to the middle of the table by going big on capex.

    I think the OBM scenario is alive.

    If it happens, the odds are that the mine will be at Sunrise.

    After all, they just published a DFS and have 2 giant autoclaves already on Australian soil.

    By the way. If you want a visionary mining executive with guts, brains, capital and connections
    to develop a project in a nutty place like Greenland, you couldn't do much better than Robert Friedland.
 
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