Highlights for me from the conference call:
- Antimony is one of four metals on the USA's "Strategic Minerals List". This is far more important than the "Critical Minerals List".
- Funds raised to date will be sufficient to get to FID, NOT to get into production. Capex for production will still need funding but will not be particularly substantial.
- Many highly attractive antimony prospects exist, so the scope for meaningful resources is good.
- Sb production is a simple gravity and flotation circuit.
- Engineers have been engaged on process design work.
- Major milestones to come: a) Trenching starts within the next two weeks. b) Submission of the engineering study to the USA Go'vt. Content of that is not likely to be disclosed, but the news of its submission should be disclosable.
- The capital raise was done and dusted in 2 hours. One significant North American resources fund has become substantial and will disclose itself next week after the new scrip has been issued.
- Treasure Creek payments remaining: $1.5M which can be bought out in advance, but this funding package meets the needs of the vendor's development agreement. $2.5M all up purchase price.
- One should look at Contango Ore and Feegold Ventures' presentations to get an idea of the deals being done in the area and the value that the equity markets prescribe to them. Freegold now has 20Moz in resource and it's share price has tripled recently. https://freegoldventures.com/
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