MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Unlocking Value of Non-Core Assets, page-167

  1. 95 Posts.
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    I agree with you Hatmopit 100%. Speed is of the essence to get in to production yesterday, to take advantage of a scarce commodity before others discover and bring a similar quality of product to market. The first few years are crucial.

    However I believe we really have to rely on the management's judgment on this.

    I say this with my own experience. In the beginning of our graphite discovery I was convinced the best path to take would have been to drill the crap out of our resource to compete and prove up the JORC size against SYR and TON. That path could have easily been taken, and if it had, would have resulted in a meaningless quest, waste more time and millions of dollars. Instead the course chosen was to cherry pick to block F - a master stroke.

    I too am worried about getting our financing done. But I have to have faith that in the long run this path ensures us with a greater certainty and and even greater prosperous future.

    Delta00
 
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