Remember this...and where are we now.Hey,
As I said in previous post, collect collect and news will be out this month or next and its out few days after that post (earlier than I expected).
Remember when we bought the plant for 5.5M
Symbol – TSX-V: RUU
January 13, 2011
Stans Energy Corp. (TSX-V: RUU) (‘Stans’ or the ‘Company’) has reached an exclusive agreement with the majority owners of the Kyrgyz Chemical Metallurgical Plant (KCMP) (See Feb. 8, 2010 press release for option agreement details), to purchase 100% of KCMP’s Rare Earth (RE) processing complex, including a private rail terminal, for a total of $5,500,000 USD. The exclusive agreement is subject to a legal due diligence period and TSX Venture Exchange approval.
For almost three decades this facility produced 80% of the former Soviet Union’s RE products. The RE processing complex and the rail terminal were used to produce and transport materials, equipment, chemicals and final product to and from markets when the Kutessay II RE mine was last in production. The Kutessay II mine is now 100% owned by Stans Energy. At that time the processing facilities comprised of four individual plants that were part of a much larger industrial complex.
When we bought the plant and news that we had Heavy RE, we went from $1.40 to $3.40.
Now we have 118M ( (or will have in cash / Kryz assets) + VINNIT Partnership and they found a better way to process the REE. Not to mention Reno work had already started on the plant before all this court stuff happened.
UCU is at .40 cents. Stans is currently at ~.25. I think we might at least match their market Cap of 71M. Otherwise at .70 cents stans would have 140M.
Cheers!
P.S. Umm If Russia decides to mingle with Middle East, where do you think they will get their RE?