Morning Trading August 22, page-213

@Cuad01

The journey of a junior mining explorer to profitability can be quite lengthy and involves several stages, each with its own challenges and timeframes. Here’s a general overview:

1. Exploration: This initial phase involves searching for a mineral deposit. It can take several years and requires significant investment with no guarantee of success^.

2. Discovery and Definition: If a deposit is found, the next step is to determine its size and value. This phase can also take years as it involves extensive drilling and analysis^.

3. Feasibility Studies: Once the deposit is defined, feasibility studies are conducted to assess whether mining would be profitable. This stage can take a few more years and involves detailed economic, environmental, and technical evaluations^.

4. Development and Construction: If the feasibility studies are positive, the company moves on to securing funding and constructing the mine. This phase can take several more years and requires substantial capital^.

5. Production: Finally, once the mine is built, production begins. It can take a decade or more from the initial exploration to reach this stage^.

Overall, it could may take anywhere from 10 to 20 years for a junior mining company to start making money from a new project

NB - this timeline can vary based on factors like the complexity of the project, regulatory approvals, and market conditions.

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