Beep Bop Beep BoopI would just like to point out that Ucore is a REE company...(I know it seems redundant)
Sure it seems fair to compare REE's to Gold on the surface, they’re both Mining Companies right? Yeah, but we all know that the differences vastly outweigh the similarities on almost every level. (financing included)
Aaahhem, here are a few: The macro economics of a deconsolidating industry, REE % skew, differences in mineralogy and processing, differences in supply of each element, use in technology with shrinking and growing demand curves, supply chain integration, a limited number economically feasible deposits, The U.S., China, and Japans critical materials strategies, the dependence of the U.S. and Japan on China for materials critical to defense, global politics, technology barriers, intellectual capital and patent law... just to name a few.
So, yes... In this fledgling industry, funding is a big deal, SPE is a big deal, and Government support is an even bigger deal. These things serve to validate Ucore’s shareholder value in the face of the risks and opportunities listed above. I agree that there are a lot of challenges ahead of Ucore’s shareholders… But I also know that we have the best management team in the industry and a great asset in what has already proven to be a supportive and stable jurisdiction.
GLTA