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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Comment by jimylegson Jul 12, 2018 8:47pm
80 Views
Post# 28309848

RE:jimylegs

RE:jimylegsYou give me too much credit, but thanks.   There's no shortage of hyped up small plays out there and everyone on these boards is looking for a quick hit.  It's more gambling than investing really.  I'm not a big investor in this company.  What keeps me interested is 1.  Randy Johnson is clearly a successful Alaskan businessman and has not only taken a stake but increased it along the way.  Guys like that don't like to lose and his confidence (at least that's how i'm viewing it) is a positive in my mind.  And 2.  whenever i contact the company Mark Macdonald  always has time to answer questions and has always gotten back to me.  I find that refreshing and also a good sign.  I doubt Ucore would be proceeding with the build out of their metal complexes if they didn't see some kind of light at the end of the tunnel.  I do however find them to be a bit scattered, what with all the hub and spoke references and spin off opportunities and i would like for them to be more focused on getting some product to market.  If a company is ultimately going to become successful, they have to show sales, revenues and profits.  Otherwise there is no company and no share price appreciation.  I would like to know more about the amounts of rare earth elements that are processed from their feedstock once the MRT columns are running at capacity, how much of this stuff is actually used in electronics, weapon systems, electric vehicles and who are the top consumers so that i can start making some calculations based upon price of the underlying commodities.  I think i read in one of the links that while touring the Lynas facility the CEO pointed out 150 bags of XYZ rare earth concentrate worth $50,000 per bag.  That's only $7.5 million.  To me that doesnt sound like a lot.  How much did it cost to process all of it?  Is there a buyer for all of it?  Is that a daily, weekly, monthly output?  So i would like to know how much and how big and how many bags of rare earths does UCU plan on running through their MRT system?  Then we'll have an idea if it's worth the trouble.  I do hope everyone makes money though because it's been a sore spot with me watching established, profitable companies shares explode higher.  If i could do it all over again, I wouldn't.
Bullboard Posts