RE:RE:Anyone care for a bit of intelligent discussion?There we go!
Okay, so we can agree that Ucore is in need of mining equipment… Yep, so with all in capital costs of just north of 225MM, what’s left unanswered about that one? This isn’t China, its Alaska… and Ucore already secured 2/3 of the funding to pay for those bells and whistles.
Yep, you’re right on the money again… Ucore also needs some means of separating out the minerals we’re after… I hope XRT & SPE work for you, but if not, go ahead and jump on that sinking ship called Molycorp. They do plenty of wasteful, expensive and environmentally unfriendly leaching. Wait, how about TRER? They want to heap leach and as an added bonus, I hear management is top notch!
Concentrated sludge? Oh, you mean the tailings that will be stored in a TEMPORARY pond until they’re eventually turned into a paste and placed neatly back in the mine… Gotcha…
And yes, I read the PEA. Did you? Did you have any trouble figuring out the big words? Or was it the English translation that was the problem?
I get it, I really do… REE prices are low, but that’s an industry wide *short-term problem*. Do you think low prices make Great Western Minerals more attractive? I can’t figure out whether you are arguing against Ucore or against the entire industry. In which case, what are ya doin here in the first place?
…REE prices are obviously baked into the shares at this point bud.
***Hint #1: I would look into the 10-25 year economics of HREE’s if I were you.
*** Hint #2: Also, take a deeper look into the AIDEA funding if you’re feeling scholarly. A 43% increase in the IRR of Ucore is a great place to start when making up for lost ground on REE prices.
I just want to preserve this wonderful Gem for anyone who has you on block: “I think it is better that every people who are in do the same thing, I earn my money hard, so I take care it well”
Oh, and good job with the last post, your pretty good at cut and paste.
Good luck to my fellow shareholders, load up…