I see the logic of IM. Agree or disagree one sees the logic.
The experts like this muppet told them all to keep it in the ground because profits werent high enough. And the idiots took his advice and did as he decreed. So if youre IM youre thinking to yourself there must be a shortage because good quality large flake stayed buried while everyone WAITED for higher prices on advice from the EXPERTS and lower value small and medium were mined and used instead. Anyone pushing lower grade made a killing and the guys with good quality left their golden eggs buried in the ground and bankrupted themselves.
And now they have no market share no relationships no completed testing no end use qualification and no ability to sell. And they are ANGRY they wasted 20 years.
20 years of catching up to do now.
Had they spent the last 20 years testing then they would have had 20 years of experience of purifying upgrading manufacturing and processing. Now the experts ADVISORS to junior mining companies developed and acquired all this knowledge and set up their processing facilities around the world while the idiots who left it buried have nothing.
Now some of the junior miners have woken up and seen they were lied to by the expert ADVISOR. The other morons are still waiting for higher prices or actually believe prices will rise and theyll pay off their capex in 12 months based on ridiculously high prices that will never be seen.
The few that have woken up are trying to grow businesses based on manufacturing and not just be run of the mill miners. Thats a plausible for why prices are falling. Oversupply yes but not like that Stratmin article that stated they 'offloaded' their G for any price they could get. Oversupply targeted at a very different reason nothing to do with selling for whatever price you can find.
If you want to grow a market and build critical mass you dont WAIT 20 years for prices to rise. You give away your product for next to nothing. You flood the market. And you do it for 20 years. Then you wait for everyone to become dependant on your product because the customer cant help but buy something if its available for purchase at prices that are cheap.
And when the customer is hooked well and good and dependant on you...
Then you lift the bluudy price.
Get used to lower prices Siberians. Only way some of these 'jr mining companies' can make up the time they have lost believing the bull they were fed by the 'thumbs'.
