Ucore Rare Metals Inc. V.UCU

Bokan mountain One of four dikes.

[Dragonsmyth7]

Good day to everyone,

A few of us have been going on about round top's mine life and how good it is.  I wish to remind you all that Bokan mountain deposit is in four long vertial dike that are kilometers long.  The one they did all the drilling in and proving how deep it goes is the shortest one and the only reason that they choose that one was because it was the closest one to the water and easy loading of ore.

The other three are longer and look to be just as rich in heavy rare earth from the firsts test done.  Not one big deposit but four deposits on the same mountain.

Dragon

[PipinoCuevas]

Dragon thats good to know They havent even done a PEA for that so we are talking a long time out. Dont know what DOD is going to consider, IDK if just assuming more is there would warrant any funds probably not

[AndyScience]

You really don't want Ucore to focus on the mine. Mining takes a long time to get started, especially where they are today. The problem isn't REE deposits, it is the REE separation facility, which is much faster to get going with and lower cost.

[asdomke]

Exactly. 

[PipinoCuevas]

Totally just want SMC at this point   down the road the mine I want AIDEA and DOD to step up for SMC ASAP also would love a hybride MRT for some of its functions down the road A top notch SMC isnt a ridiculous ask Its all going to depend on who's tech is ready the earliest and who's tech is tops We dont know how the comparisons are for that yet

[AndyScience]

To be honest, DoD is not going to pick one over another...its all about diversity. They will support several technologies and bet on one of it come out on top. Ucore has high potential with RapidSX and future MRT, so for Dod NOT to support that potential will be a mistake.  Also, keep in mind, Ucore main goal is to be REE separation facility for everyone. That is smarter than opening their

[PipinoCuevas]

Ucore needs to align with someone for magnets too

[PipinoCuevas]

If US wants to get to a total supply chains, we will need mines eventually  I don't know how much feedstock is out there, may be enough for DOD for a few yrs but would assume by second half of decade we should have a couple mines running i get the separation first but eventually mines, and a lot of $$$, will have to follow jmho

[AndyScience]

China is buying from Australia, with the latest issues with China, Australia gladly send over their resources for separation....hence the interest from Hexagon. Other countries has mines, they just don't have separation facility. I do agreed Ucore eventually will get into their mine... but this will give them time to get the permits.

[asdomke]

Australia is so lame. They need UCore. 

[AndyScience]

Yes they do...See they are decoupling from China...  https://www.theepochtimes.com/new-rare-earth-projects-help-australia-decouple-from-china-supply-reliance_3398181.html

[PipinoCuevas]

Andy excellent initial contributions  pretty fair and balanced

[PipinoCuevas]

Australia a long way away for a long term feedstock need got to be costly shipping it too they have a ton though.  Alkane has a better deposit than lynas first step.  Hexagon needs to secure funding ASAP.  As in this yr commercial rapid SX  needs to be going first half 2021 

[reeJoey]

In fact, the DoD REE funding is for rare earths separation/processing and for rare earths magnets.  FUNDING OPPORTUNITY ANNOUNCEMENT (FOA) Rare Earth Element Separation and Processing Capability In support of two Presidential Determinations authorizing the use of DPA Title III authorities to strengthen the domestic industrial base for the separation and processing capabilities of

[PipinoCuevas]

So tmrc is going for separation and magnets and ucore just separation  what the 1 billion plus for? 2021 budget     And that cost was assuming mines.  Ucore needs 30 million for smc.  better question. How many separation facilities will be needed?   There a lot of stuff, Li, scandium,pgms etc.  besides Rees that could use them

[PipinoCuevas]

Joey. What your next buy point for tmrc? i have a small 1000 share buy at 1.51 next up will buy every ten to 15 cents down.  Even under $1 it moves quick and pretty confident they will get cash.  Lined up well.  Along with ucore.  Like u said.  A little diversity if possible

[reeJoey]

Pipino [I always think of "The Real McCoys" TV show when I see that]--Right now I'm not planning to add more shares.  Thinking there might be some support around $1.60.  Could drop to $1.50, which might bring it into oversold territory.   If so, I'd watch to see some kind of SP reversal before maybe adding a few more shares.  Don't like to have too much in

[PipinoCuevas]

Bright move not having too much in penny stocks.  Got around 10k to play around with.    But as far as monthly  buys, all core funds/ etf.  Contrafund, Wellington etc