It looks like Lode Resources Ltd is trying to present outdated and possibly low-quality equipment as "significant beneficiation infrastructure." That grinding equipment looks more like scrap metal from Alibaba than anything remotely modern or efficient. How can investors take this project seriously when the supposed "infrastructure" appears to be decades old and barely functional?
Lode Resources Ltd claims that the machine highlighted in their latest investor presentation will soon be used for production. However, a simple glance at the image raises serious concerns. The equipment appears to be outdated, heavily worn, and nowhere near the standards expected for modern mining and processing operations.
In fact, a quick search on Alibaba or Taobao reveals that more advanced and efficient grinding machines can be purchased for less than $10,000. Yet, Lode Resources wants investors to believe this rusted relic is the backbone of their supposed fast-track production strategy.
The bigger question is: why would a company with serious production ambitions rely on equipment that looks like it was salvaged from a junkyard? Either Lode Resources is misleading investors about their operational readiness, or they are dramatically cutting corners on infrastructure—both of which should be major red flags.
For a company that touts its ambitions in antimony mining, this level of presentation and execution is unacceptable. Investors should question whether Lode Resources is truly committed to developing a sustainable operation or simply attempting to inflate expectations while relying on obsolete, second-hand machinery.
LDR Price at posting:
11.0¢ Sentiment: Sell Disclosure: Not Held
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