Not sure it is imminent anytime soon. Looking at AGM director Mark Pearce gimme options 2023 I think it was for PFS and 2025 for decision to mine.
That is a long time for a simple mineral sands mining processing operation especially given a lot of relative information from Malingunde graphite project transferable. Speaking of wtf happened to Malingunde world class lowest cost graphite mine - can someone attending AGM please ask? Clearly it is not going anywhere anytime soon after a lot of expenditure and a lot of company positive spill - catalyst for sp fall of 20%+ i assume.
Hard to fathom how that world class graphite development is nothing now - company do not even mention - surely there is a discount in sp due to company now being seen as pumpers - plenty of talk the zip - nudda - nothing - even Sprott has gone quiet with pumping coverage. Investors appear very wary - strange churn in volume although.
Prefer only to drill the guts out of rutile to show ours is bigger than yours when there is clearly already enough resource defined - JORC it and fast track to development - 2025 what a joke for a mineral sands project development. How much more money to brag my resource is larger than yours. Yes some infill drilling required to JORC it but limit it to that only - limit expenditure on exploration - JORC definition only and fast track SS - PFS - Mine decision.
Happy Friday - I did get out of bed the right side - just frustrated clearly on Malingunde which took years and expenditure now nothing - now rutile will take years and ?
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