The existing capacity and reserves in South Africa are known. The fact that the infrastructure exists and is partially paid for is also known. The fact that there is expertise, markets and customers established, shipping all ready to go are also known. Quality control over products, steel plant calibrations to accept the metalurgical properties of South African chrome is established. It has been the major supplier for years.
What we have in McFaulds is a whole bunch of unknowns. There is no factual information on reserves, ,plant design, infrastructure costs, willing markets, shipping methods, shipping costs, metallurgy, production costs, availability of construction companies, future demand, and the list goes on. So what is Hamilton supposed to say? Is he supposed to be an idiot and say forget all these unknowns and just buy NOT on the strength of the chrome like maniacs so the price goes up? Maybe he has pitched this chrome until he was blue in the face and because of these unknowns in McFaulds and the knowns in South Africa nobody is paying attention. Sure looks like nobody is paying attention to me. The only high road he can take is the road that got us briefly to seven bucks: NICKEL. Nickel gets us attention. Nickel gets us momentum and cash to develope infrastructure. Eventually one by one the unknowns become knowns. Chrome becomes interesting because the grades, metalurgy, reserves, and widths make the cost structure of the saleable product intriguing.(That means cheaper FOB steel plant) This aint going to happen fast enough to satisfy most on this board, but it will happen.
So, as I have said many times before, we need more Nickel/Copper,PGE's to get this chrome developed.
