Ucore Rare Metals Inc. V.UCU

AIDEA will only fund profitable ventures and at a profit

[Dmajorminer]

Pimpino.  Bokan and any funding from goverment ( the $145MM ) is a long way away. That a given. The cost of Bokan development is estimated at doube the amount of that grant and it the resource has not even been defined enough to know if it is remotely considered economic.

Therefore , for now its about the SMC which Ucore is saying will be up and running on a samll scale by 2020. Still a long wait.  Here is the problem though.  AIDEA will only invest in projects which will show a return.  They only give loans...period. Sometimes those loans also have convertible features. Those loans bear a competitive  interest rate from day one. External feasibility studies from independant engineering firms will be needed. and FEED engineering studies as well  Ucore cannot do this themselves for AIDEA funding. Do some research on the AIDEA website . Here is a link to a few of your worst fears regarding any potential LOAN to Ucore.

Link to AIDEA FAQ

You should start paying attention to what Ausheds is saying abut economic viability of the SMC.  If its not economically vialble from the source feed right through to being able to sell the final product at much higher prices than the current glut then Ucore will NOT get funding.  AIDEA is governed closely by many mandates. I highly suspect Ucore will not meet many of them. 

This whole thing is nothing more than a shell game . Wheres the bead.  Its certainly not the PLS from the Oilsands. I think we all agree that that is now dead in the water.  But the bead keeps moving around as they manipulate the shellls and naive investors keep getting conned by paid promoters like Myz69. This company is not worth a $100 MM market cap right now.  Its not worth even $10 MM.  You will have to learn the hard way.  So much paper out there.