Pip, Really, can't you read?Pip,
Since you refuse see what is in front of you. I am really starting to worry about you. Seen a eye doctor later? Get glasses check?
Ucore got over a million buck from just choosing the site. From two grants! Free money, that they don't have to pay back.
CapX is 75 million now but in three parts. 25 million for the first 2000tpa, 25 million for 5000tpa and 25 million for 7500tpa. After the first part is on line then they are making money off the sale of the oxides they are producting and when the second part is producting. it help build the third part.
If China cut off REE then MP and Ucore are in line for lots of grant money and you know it. You have to remember also that Lynas has until the first of July to shut down dirty plant. If they are not up and running in WA with replacement plant, then there whole production shut down. Then the S@@t the fan and anybody that is close to separation gets funded.
Dragon