@Rebecca98869736@miscomputate@TonySage7237@business Frank Timiș, good grief. If you were trying to make me laugh, you've succeeded once again. I wasn't the least bit surprised when I heard CRML's CTO was permanently expelled from AusIMM—because I already knew Timiș was involved.
@Rebecca98869736@miscomputate@TonySage7237@business Of course, Carester's CAREMAG, which is a truly viable project supported by the CRMA due to its sufficient pace and scale, will do so. Romania should ask Carester to develop process blueprints for them as well
@Rebecca98869736@miscomputate@TonySage7237@business https://t.co/dg7sg46ejn
He said on the investment website https://t.co/NogtcZXLJn: "Mr Timis says that the well was drilled in the wrong place. Er, yes. He should have drilled it in an area like Saudi Arabia or the North Sea."
😄
@Rebecca98869736@miscomputate@TonySage7237@business Yes europe needs a refinery. Then all they have to do is source heavy rare earths from Brazil and refine them in Romania. Why can't they let go of a mine that takes an eternity just to build a pilot plant?
@Rebecca98869736@miscomputate@TonySage7237@business Even setting aside the fact that Greenland is not within the EU, the project that actually fits that criteria would be Sweden's Kiruna project, which is already receiving support. Or perhaps Norra Kärr.
@Rebecca98869736@Kolbe_Trades@TonyHalliday4@alainknokke Are you expecting Ucore and SRC to construct eudialyte refining plants too? That the refinery in Romania is the genuine article? That Romanian refinery is where the real capital expenditure lies. Who's going to fund it? The EU? Do they even have basic engineering designs?
@Rebecca98869736@Kolbe_Trades@TonyHalliday4@alainknokke Their engineers are sitting on their hands with zero real work, while executives are running around trying to fleece retail investors instead of convincing banks and governments.
@miscomputate@TonySage7237@business They're taking way more time just to set up and run the pilot plant than they originally promised, so if they claim they'll start mining by '29, the mine probably won't be operational until 2040. Go get a feasibility study done with NIRAS first, you bunch of liars
@asxstocklife An economic evaluation? Whatever happened to NIRAS? Did you go running to Karageorge for validation this time too? There's an old adage in the mining industry: anyone who claims they'll extract a new mineral in a brand-new location using an untested process is just a fraud. 😄
@asxstocklife Greenland is not part of the EU. Norra Kärr in Sweden would be a viable choice. If you're looking for heavy rare earths outside the EU, Brazilian IACs would be a great option. Go pass that along to Frank Timiș, the owner of CRML in Romania.
@Rebecca98869736@takoyaki0neet@cekdrew Abandoning Tanbreez and looking for other mines would be a smart choice. Malawi's Songwe Hill is already backed. Go find familiar, high-grade mines like that. Cut ties with EUR and CRML.
@Rebecca98869736@takoyaki0neet@cekdrew Even if the Democrats take power, the policy won't be rolled back, but European legislation is far weaker. The CRMA has no binding mandates. Greenland isn't even in the EU. Poland, Carester, and Kiruna are already in line for funding—Romania hasn't come anywhere close.
@miscomputate@srkubica97@ghost_23588851 I truly hope this person actually owns CRML shares. If they're nothing more than a promoter, I feel so sorry for the other shareholders.
@cekdrew Crml - eur - frank timis - regal petroelum - and now
What is important in junior mining?
Which companies and which people are we looking into?