Gold Royalties Alone = 10X Market Cap, page-46

Well a lot happened yesterday while I was out fishing.

Re: Fibby's comments;

"Near term news flow:

1 scandium off take agreement
2 nickel cobalt drilling assays
3 uranium thorium drilling commencement
4 gold production initiation from Bullabulling
5 metals technology project update
6 nickel cobalt resource upgrade"

Unless your idea of "near term" is over 2 years you're kidding yourself.

1. Scandium off-take agreement. Years & years away if ever. There are only 2 likely large users of Sc - a) fuel cells & Bloom already have an off-take agreement with MLM who are years ahead of JRV in process engineering design & imminent production & b) Al-Sc metals in aircraft (primarily) use. Carbon fibre & probably soon graphite could knock this for six. There is also the small issue that all ore processing work for the NSW tenements has been done by EMC (now SCY) & they have only last week lodged patents on all their Scandium processing technology.

2. Wow - this was/is never going to be a money spinner.

3. DYOR - this is decades (if ever) away from being a revenue generator

4. This is JRV's best hope of a cashflow (& the only reason I still hold) but NGF haven't even finished a FS on Bullabulling. It will be 2017 most likely before any royalties eventuate.

5. This is going to produce what??

6. See 2 above.

A nice pump & dump here Fib but keep it up as I'm not fishing today & I've got a few hundred thousand shares I'd like to flick before the guaranteed major retrace when everyone wakes up to reality.