re: ed nealon running the show - acquires everest
Vfrioni, this announcement about Everest North is 'cream on the cake' of an already exciting and advancing story.
Sylvania is acquiring 100% of a deposit which is within trucking distance of infrastructure currently under construction by Aquarius at Everest South. The deposit is near-surface, and the worst-case scenario is that it will simply become feedstock for Everest South. However, the orebody extends into adjacent tenements held by Canadian interests (who, incidently, paid considerably more for theirs!) and there exists the exciting possibility of a joint venture with them to develop a stand-alone operation.
Meanwhile, RK1 (SLV 25%) Kroondal has been operating since the beginning of the year, and while the ramp-up was not without a few glitches, the issues did NOT revolve around the process of extracting PGM’s from chromite dumps per se. The difficulties were actually to do with the wet season (now permanently solved with the acquisition of covers) and supply from Xstrata. All solved. The plant itself has proved an excellent design.
RK’s 2 & 3 (Marikana & Everest South) are still well and truly in prospect – in fact I believe Ed is in SA now on ‘RK’ business and things are getting closer by the minute.
Do not waver, Vfrioni. I believe there may be more news from ‘left field’ like this in the near future. Ed Nealon, whose appointment as Executive Chairman of Sylvania was announced just yesterday, has a real fire in his belly, has forged many professional contacts in the course of his career, and is a consummate deal-maker. He has a vision for SLV which, in my view, if you keep the faith, will make you very wealthy.
The RK (tailings) projects
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