Agreement with IBCThis agreement was critical to pursuit of the SMC, especially with regard to the platinum metals group. The prior argreement Ucore had with IBC regarding uses of MRT appeared to exclude the platinum metals group as IBC already had agreements and installations worldwide for this purpose. My concern was that IBC could potentially cut Ucore out of any agreement regarding the platinum metals group. This was just conjecture of course, becasue I have not seen the full agreement. In any event, the completion of this agreement frees Ucore to pursue any and all potential applications for MRT. Current REE prices considered, Bokan is not worth pursuing now. Why expend enormous capital to pursue something selling at the price of dirt. Bokan's time will come when demand increases (say 2020) and prices follow. As of now, pursuing the platinum metals group is tantilizing due to the costs of these metals and the recycling systems currently in place. Recycling costs include both capital and operations costs, something which MRT appears to improve upon. Further, the efficiencies of MRT add to this value. Goal number 1 - productesome cash flow recycling platinum metals.
Next, we have oil sands and coal ash on the table. It will be interesting to see where these applications pan out. But don't forget REE recycling from spent materials - this is going to be cheaper than mining REES - and may be supported by the government.
Going forward, I am long and expanding my positions. The potential is strong for this technology.