Yes, it is an exploration company with a high probability starting their own Caesium mine in a short time, 2 months or so. I don't know how many times it has to be said by many professionals but it is a very select and specialised product with a very limited supply globally elsewhere. We are one of three. The product as a formate has been proven to improve well constructions by allowing access to difficult areas and improving well integrity, efficiency and its lifetime and reducing damage. In the current world of conflict where oil supplies can be restricted in certain countries as a tool, it is more important than ever to have oil drilling efficiencies. The company has already itself made its own formate and for all we know could be using it themselves for drilling and testing - the rate of having 1 caesium pod to 3 pods in Pit (1) happened very quickly, a matter of weeks it seems. We would think there may be more progress in the process with off-take partners still in the background. as their work continues on. Pit 2 is an unknown quantity from what I can see.
A recent Research report on Resource expansion: This is the key opportunity at the Sinclair Zone, with a good chance to increase the pollucite resource; Of key interest is the PEG008 pegmatite, which hosts the pollucite mineralisation in the Sinclair Zone, and which is considered similar to the zoned pegmatite that hosts caesium mineralisation at Cabot’s Tanco Mine at Bernic Lake in Manitoba, Canada (which reportedly has a resource of 350,000t)..
We are 2 weeks away from the mine design and reports to come out also on resource definition, values and other products.
Products easily separated. One key feature is the largely mono-mineralic nature of the different mineralisation types - this will result in products potentially being able to be sold on a DSO basis, without requirements for an on-site concentration plant.
I don't want to go over and over all this time after time But there is a deal here, that is obvious. Also as I have said before, patience is a dirty word in May, but you have to have it for a short time. Guarantees? There is only one guarantee in this world and that is one day we all will die. And if we can't take a calculated risk while we're alive, heaven help us.
The other projects are opportunities and insurance.
An opinion only. DYOR
PIO Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
