I posted a question to MTM’s Investor Hub, asking why we hadn’t seen any results for the Niobium testing they said they were doing in the October Webinar.
This was the reply from MTM to my question (my bolding) - you can view it on their Investor Hub, I asked the Q in relation to the last Quarterly report.
“Thank you for your inquiry.Niobium concentrate is one of the samples that we have in a queue of tests that we are looking to process.We are maintaining a disciplined approach of prioritising tests based on the highest value and likelihood for monetization of the feedstock.We are also making sure that each of the feedstock tests are carried out thoroughly and completed before we start a new testing batch.Sometimes we have to be flexible in the priority given based on new opportunities that present themselves to us.This has meant that the Niobium testing has been temporarily delayed.We hope to get to this soon.We are also increasing our capacity for testing with a new FJH test model being installed at KnightHawk Engineering’s facility.”
Now, as I said the Webinar was in October and the next test results we received was for Rare Earth’s in November. It would seem they halted the Niobium testing to test the REE’s, I should also point out in the December Stocks Downunder interview Michael said:
“We have several other big players bubbling in the background, that’s who we are doing the testing for”
Don’t blame them, if a big player wants REE’s tested you don’t say ok we’ll do it in a few month’s time!!
It would seem they continued testing REE’s with the next test results also being for REE’s in January, then they went back to their announced partner & continued testing Gallium etc.
The priority is clearly on the unnamed REE company & Indium Corp.
Also seems they have so much testing lined up they are installing another “new FJH test model”.
(20min delay)