Lassonde Curve stage 3
Posted: Thu Aug 31, 2023 10:20 am
Stage 3 is the period when the studies have largely been completed and a production decision is pending. At this time the company will be seeking strategic partners and project funding. Permitting is also underway. Unfortunately a lack of financing or poor permitting efforts will extend the time in Stage 3, which can extend for decades or even perpetuity.
Companies know that investors can move elsewhere at any time, so they will try to address the Stage 2 and Stage 3 doldrums in different ways.
They can:
Find new exploration prospects elsewhere while the engineering work is underway.
Undertake a series of optimization studies on the same project to keep up the news flow.
Continue step out drilling on the same property to expand resources and generate new excitement.
Have management appear regularly on podcasts, webinars, conferences, and keep promoting on LinkedIn, Twitter, and with newsletter writers.
Ideally one would like to stagger multiple prospects at different stages of the Curve. While this makes sense, it also takes a fair bit of funding to do it. It also may bring criticism that the company is losing focus on their flagship project.
It seems we are in the above situation and it is certainly demanding the resilience of patient investors not to fold (such as myself). Hopefully all future decisions to mine are going to be time stamped as per Zoros roadmap.
Companies know that investors can move elsewhere at any time, so they will try to address the Stage 2 and Stage 3 doldrums in different ways.
They can:
Find new exploration prospects elsewhere while the engineering work is underway.
Undertake a series of optimization studies on the same project to keep up the news flow.
Continue step out drilling on the same property to expand resources and generate new excitement.
Have management appear regularly on podcasts, webinars, conferences, and keep promoting on LinkedIn, Twitter, and with newsletter writers.
Ideally one would like to stagger multiple prospects at different stages of the Curve. While this makes sense, it also takes a fair bit of funding to do it. It also may bring criticism that the company is losing focus on their flagship project.
It seems we are in the above situation and it is certainly demanding the resilience of patient investors not to fold (such as myself). Hopefully all future decisions to mine are going to be time stamped as per Zoros roadmap.