Update from Mark Thanks Mark for your update.
The commodity market is under-performing as part of a general trend since 2011. Notwithstanding, Ucore has been appreciating against the tide. We believe that shareholders and the market recognize the potential of Ucore and as we continue to deliver results we will continue to be rewarded.
When the commodity and Rare Earth markets recover then we will experience growth beyond our under-performing peers.
We are ready to approve the engineering design of the pilot facility since it has been upgraded to accommodate input material from resources and projects other than Bokan Mountain alone. There has been strong global interest in our success and as such potential customers and partners are excited to have their products tested with the MRT technology. We are working with and under contract to some of the most well recognized and successful resource companies in North America to this regard.
Depending on the individual metrics of the opportunity, the products could be processed at a centralized facility or onsite at a particular tailings project or resource. The revenue model being pursued involves a partnering which will enable Ucore to fully participate in the benefits of each individual project. This scenario will mitigate the risk to Ucore as well as leverage returns for our shareholders.
As always we will endeavour to keep our followers and shareholders updated as soon as possible with our accomplishments. We expect to release specific info on the commissioning of the pilot plant shortly.
Thanks for your support
Lets keep in touch.
Mark