Putnam on the ‘real market’ demand for scandium
April 2, 2015 — George Putnam, President, CEO and Director of Scandium International Mining Corp. (TSX: SCY) in an interview with Tracy Weslosky, Publisher for InvestorIntel speaks about the ‘real market demand’ for scandium globally and answers questions on why Scandium International Mining is Chris Berry’s scandium company to watch.
Tracy Weslosky: George, I’m going to just jump right into it, okay? I just finished PDAC and there’s a buzz about scandium. I sent it to a couple of my analysts and one wrote back and said, but Tracy there’s not that much of a global demand for scandium. Can you explain to us what the real demand is?
George Putnam: Absolutely. The demand for scandium has accumulated over the last 30 years — the problem is there is no supply to feed it. There’s a long list of potential applications for scandium if there was the scandium to supply these applications.
Tracy Weslosky: So in other words, it’s the chicken and the egg, kind of, concept. If we have more scandium, we’ll have more exciting applications to utilize it, right?
George Putnam: Absolutely. The research is done, the behavior of scandium in several products is well known and those applications will be there when the scandium is there to feed those applications.
Tracy Weslosky: Of course, our independent analyst, Chris Berry, says you are his number one favorite scandium company in the world for the deposit that you have. Now not everyone out there is familiar with Scandium International Mining. Can you please give us a bit of an overview of who you are?
George Putnam: Sure. We were formerly EMC Metals Corp. We changed our name about six months ago to reflect better what we’re trying to do in Scandium International Mining Corp. We have a terrific asset in New South Wales, Australia, a scandium only property in New South Wales. We are on a fast track to development of that property. We have a PEA on file with very good economics and we have a finalized flow sheet. We’re working towards a definitive feasibility study now.
Tracy Weslosky: Of course, you certainly look like you’re achieving benchmarks at record speed. I saw a number of results, assay results. Can you talk to us a little bit about what your results were?
George Putnam: Well, these are new results, but they really didn’t add to our resource. We have a substantial measured and indicated resource and we have had for four years, since early 2010. What we did in this latest drilling program was we went back into an area that we’ve identified as a high-grade area on our property where we’re going to concentrate our initial pit in development and…to access the rest of the interview, click here
Disclaimer: Scandium International Mining Corp. (TSX: SCY) is an advertorial member of InvestorIntel.
Tracy Weslosky is the founder and CEO for InvestorIntel Corp. (2001-Present), a leading online source of investor information that since 2001 has provided public market ... <Read more about Tracy Weslosky>