Do you seriously think that's what he's doing?
I thought it was partly a case of a) Being an Exploration Geologist first and foremost, he had next to no clue about the actual timelines involved in bringing a mine this size to life, in a non-mining-friendly jurisdiction, and b) deliberately keeping things moving slow to (cough, leech more salary) hope that the pricing of the 3 metals we'll be producing, will go up.
Who would plough in say $300m to buy TNG at this supposedly "unproven" stage?
I dislike the "unproven" comments by posters who clearly have negative intentions. EVERY part of the TiVAN process is proven tech. It's just not been put together in such a way and commercially proven.
Also the TiVAN aspect of the mine is now a joint venture with SMS Group. So the potential buyer would be forced to work with them regardless I guess?
Would someone like BHP, RIO, Todd, FMG, Wesfarmers or whoever, be interested in taking over the project on that basis?
I highly doubt it.
Let's hope we're one of the 1 in 12 Juniors who actually make it to production. We really will be trail blazers / pioneers if we can get these 3 metals out at lower costs than anyone else.
I'd say once we're at that stage, we'll be ripe for takeover. Until then, it's too much of a risk.
And after all the stress of the last 5 years, I'll be damned if I'd sell my shares for 27c!
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