JRV 5.26% 1.8¢ jervois global limited

am i missing something, page-9

  1. 1,551 Posts.
    Bobby I have always admired your confidence in us being able to keep control of the project at Young, but the more you look at it the harder it gets. If ever we are able to mine successfully nickel and cobalt, and I believe too that we are very close to achieving this, the capital costs required will be well outside our scope to fund on our own. I guess everyone agrees witht that point. But who will put in $900m give or take, and share the potential profits with us, when they can pick up the whole project for $100m-$200m. Then develop the project for $900m, and share it with no-one.
    The best we can hope for with Young is to sell the rights for the nickel and cobalt, and keep the rights for the scandium and some of the other minerals.
    Out of the proceeds from the sale of Young we should be able to harvest the other minerals and hopefully develop the scandium deposit at Nyngan.
    What do you think?
 
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