What is the Chinese, Lynas and MP biggest fear/problem?Good Morning All,
I was rudely awaken this morning by a robo call at zero dark I don't care what time it is, why are you calling me. I had a nice dream going about Jeri Ryan losing a bikini top. Could not get back to sleep. I am on my first cup of Folgers, so no guarantees on spelling or leaving very small words out. My bad habit.
Oddball history facts stick in my memory. Like the fact that it was posted here that the Chinese stole the plans for a SX plant in the 90s and that has been repeated in at least in two article that have been posted here. But nowhere has it been said if those plans were the latest and greatest or plans that dead ended or from an older version that was less efficient.
But the Chinese took those plans and built large SX plants and ran other companies that did separation out of business by being the cheapest. The Chinese government made sure that they were the cheapest.
Then the China/Japan REE cutoff happen and the panic started that China had a monopoly on REEs and could cut off anybody. In the early teens Lynas, backed by the Japanese, bought separation equipment from China and improved it to separate the ore they were mining. I may not know mining and SX tech like Ausheds does but I know how sneaky governments can be. Most likely China sold Lynas not the latest and greatest SX equipment but the most basic to make the sale happen. The fact that Lynas took that equipment and got it working and improved it. Yes, I am sure Ausheds will tell us all about it in detail. Great detail. Funny Aushed will tell us all about how great Lynas is but trash Ucore again and again. The old quote from Shakespeare, comes to mind. "My thinks the Lady does protest too much." Ausheds own no Ucore, but will spend time on this board trashing Ucore. Why?
Ucore started out as a junior miner that locked in a deposit of heavy REEs and when looking for separation tech different from SX because of seeing all of the costs and problems MP had with the EPA. They looked at one but it was no good because it was only lab scale. Would cost to much to develop. Then they lock on to MRT and it looked good. Only problem Steve and gang controled it and they wanted 40% to share. It happened in the years that Ucore was trying to use MRT. Ucore changed from a junior miner to a separation tech company. A separation company make money separatiing other people ores or concertrates. No cost of mining the ore. In other word the middle of the market and that is the Chinese, Lynas and MP biggest fear /problem. A company that has a separation tech that is faster, cheaper, and greener than SX. Any other company using SX could be price out of the market but a new tech that is their worst nightmare. And to make matter worst Ucore keeps surviving when others die. Yes, Pip on stock sales, we know. You have told us many, many times.
I am off to lunch, more later.
Dragon