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Trade4Profit88

10,532 Posts.

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20/05/23

13:51

Post #: 67878173
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Originally posted by wrighty64: ↑

If the ground is frozen you will not be sticking a drill in it period so they would have to consider that MTM also stated there program would not start until spring thaw coincidence i don't think so. Same for the N.T wet season you can do business in the wet but less than ideal and better left until conditions suit.
With respect to Montviel why then has it sat idle since 2015 . It is clear Geo has completely shifted focus away from Montviel as the economics of the project do not stack up . As i understand it relates to the massive amount of hydrochloric acid in the flow sheet that they were trying to solve that would also leave them with huge ecological issues in regard to spent acid hence were trying to find methods of re use. No success that i know of yet.
Pomme had 2 scout holes drilled in 2011 nothing since those results are not great in refence to % and depth of the better grades are 330mt plus.
That of course can change in respect to the upcoming program but they are way behind in the pecking order for even reporting a minable resource as for feasibility studies 2 years plus mining 5 plus if it stacks up earlier.
Now i live and work in the remote Gascoyne region of W.A. the Hottest REE and lithium tenure on the planet. Hastings are under construction at Yangibana. Since there discovery many others have joined in the land grab in the region and also many are well advanced with several outstanding discoveries.
The only access issues out here are road closure due to rain events from time to time and native title most at the very minor end of the scale.
No snow or mountains out here very flat accessible ground so that is also advantageous vs Quebec.
W.A is also one of the few who have production of REE outside china with LYC, ARU and soon HAS AND ILU to join the club many others are also a long way down that road with government support offtake agreements binding deals etc.
That in turn brings a wealth of experienced already versed in the industry to Australia vs Canada who correct me if I'm wrong are yet to have any in production.
The conclusion i draw is this . REE projects are very complex expensive beasts to get up an running and while they all started somewhere off low bases that land scape has rapidly changed with so many companies in Australia with way better grades, infrastructure and knowledge years in advance of a long forgotten project of MTM that's most likely to have the same process issues as the mob that sold them the Pomme project . Worldwide MTM would be lucky to rate in the top 100 of REE projects and that's a generous assumption.

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all these has been discussed before and you've been told the answer why keep coming back and repeat the non-sense here?
obviously you believe what you think so that's fine, I think you really need to find something better to do rather than repeating the same thing over and over again here just like Roch2077.

I know why, just because the s/p was dropping and you take the chance to pop up here to scare some newcomers, please try to do it when the s/p is on the rise next time, ok?

MTM Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
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