Mr. Hall, Would you agree that companies stop looking for resources when the cost of acquiring resources is higher than the potential revenue? While production may exceed current need, as it is with food, gold, oil, etc. finding and acquiring new and more profitable resources is an ongoing search until the value of the resource gets so low or profitability becomes so marginal as to not warrant further exploration.
The broad spectrum of potential recovered metals and rare earths would make the FL property much more interesting than a deposit offering only one or two potential revenue streams. So if a company could become, through JV, a secured major supplier in one metal, and also pick up additional revenue streams with the same ore, it becomes a more exciting prospect, I would think. In other words, what would preclude one company from making a deal with Naxos on Lithium AND Boron AND rare earths, etc.?
Any thoughts?
Tom F. |
