Should we opt to deplete funds or endeavor to recover expenses for waste material that would otherwise remain unused? I believe our performance surpasses that of many junior miners. Having a major customer is a promising sign that more companies will seek our services. Consider 3M as an example.
3M, initially the Minnesota Mining and Manufacturing Company, was established in 1902 by five businessmen in Two Harbors, Minnesota. They aimed to mine corundum, a mineral perfect for producing sandpaper and grinding wheels. Yet, they found their mineral was anorthosite, significantly inferior in quality.
Undeterred by this challenge, the founders adapted. They redirected their efforts towards different materials and products, slowly earning investor confidence and increasing sales. This adaptability and resilience became the cornerstone of 3M's eventual triumph. As time passed, 3M broadened its product line and earned a reputation for its scientific, technical, and marketing ingenuity.
Now, 3M stands as a multinational conglomerate, offering a vast array of products for use in domestic, commercial, educational, medical, and industrial settings. Their evolution from a modest mining operation to a Fortune 500 corporation exemplifies their dedication to innovation and solving problems.
In this light, Paul Davies is akin to a visionary, identifying and capitalizing on an opportunity to enhance our magnetite operations, and he has successfully done so.
Be patient, good things will come to those who wait!
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