There isn’t one point in this paragraph that makes any sense to me. How will Enami benefit? The GPT discrepancy has already led to their decision to build a plant. There’s no sorting out to be done. What would you consider to be positive in the company’s latest PR? Yes, they continue to work with some students at the University (Yippee) and now they are going to look to other areas for “mining operations”. Splendid, a rinse and repeat from the last 3 years. Reads to me like AUMC’s horizon just got razor thin. They had a looong time to start generating cash flow and are now stuck with the NEED to build their own plant when they no longer have a market cap to finance the same.
I can’t wait to see the details of a tailings pond at that elevation and seasonal conditions. Good luck getting an environmental permit for a tailings that freezes for half the year. What is the water source by the way? These and many other questions will be addressed over the next 6-12 month permit process.
Unfortunately any discussions on production, price to earnings ratios, and grades will have to take the back seat to financing optiions, dilution, and the logistical viability of a floatation circuit at the top of a mountain.
Not a “dark projection of my negativity” nor a risk to my immune system. Just a fact.