Now that we have completed enough drilling, I would like PL to advance to amore comprehensive and production state of mining, before any further drilling takes effect.
To achieve this, I would like the following steps in place and to be followed through as in order as I have stated, planed.
These key points will add value and Mr.market will take notice. Anything less will be a waste of time and disappointment: (Note: Some of these points are borrowed from Rusty’s post).
Point (1):The most important thing is the current inferred resource is big enough and a company maker.
Point (2): Good move to start moving developments into feasibility stage.
Point (3):Lets start mining the surface soft deposit and supply, feed to “Iluka” & “Lynas”.
Point (4):“Small targeting” & “The intrusions” can then be drilled much cheaper when the pit is opened and soft mineralised hosts mined".
The beneficial outcomes are as follows:
Point (1): It establishes relationships and partnerships with these companies, leading to off-take bidding agreements.
Point (2): First, cab of the ranks capitalising on market share & supply chain to these companies. (Iluka & Lynas).
Point (3): First, to take advantage of the “REE” cycle when it’s in full swing.
Point (4): We would also have the added advantage of building our cash reserves, rather than eating into it.
It would also be advantageous for "PL" to state and put this as an “ASX”announcement with time frame attached. It would be a great start & something to look forward to.
Again anything less, will be a hoax and would suggest that they (the BOD) are deliberately stalling, to sure up the resource and then flog it off as one piece.
Note: My vision of our BOD members comes across as “Business orientated” people NOT “Mining orientated”. And as such would like “PL” to follow these steps in order to take us to early progress and production.
Note: Would like PL to know she has the added advantage of a team of SH that were in the mining industry and could support her.
All she has to do is reach out to them for help or guidance and they would be ever so willing to step up to the plate, if ever needed and help.
I truly believe that all of us are on the same page.
However, cooperation, fairness, transparency and honesty has to work both ways.
And this is not an emotional write up, just calling a spade a spade…and looking forward to success brought to all.
Please, do your own research and DD. This is not financial advice. Just an opinion, intuition and observation.
