GBE globe metals & mining limited

we are a long way off i believe.the mining date of ore...

  1. 97 Posts.
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    we are a long way off i believe.
    the mining date of ore production is only dec 2024
    with a unproven method of milling and machinery and chemical method of production.
    we are breaking new ground in new ways of ore processing
    we must not forget that

    remember this is unproven ground in practicality,
    the savings are everywhere in the better ball mill design of 80% reduction in electricity
    the chlorination technology that has potential to be recycled multiple times,
    the current cost of production is 15grand per tonne of ore processed

    if the above new methods do work, we should see significant savings, cost pf production 10k per tonne be awesome (would be 5 grand saving)
    BUT they need to physically do the testing in real life on a scaled setup perhaps ?

    some companies scaled it up, where the model worked but in real life it just doesnt.
    that is a risk

    this takes time,
    id love to see us in production by dec 2024 but i just cant see it happening with how GBE goes about business
    and the above issues with no previous experience with the chlorinator and bore mill design.
    in it for the long haul with a significant holding and continue buying when i can
    i just see 2025 june or something more realistic

    let alone getting the funding and finance to get it all up and running
    the funding needs to be signed and locked up now, to have any chance of hitting the ore production dates

    for me its a buy buy buy

    but finance and method of production are a risky unknown
    if the production methods do supply the required quality and quantity then we are all going to be fine
    that is my feeling, worries
    Last edited by Cumminswannabe: 01/10/23
 
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