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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 Feb 08, 2017 11:07am
179 Views
Post# 25816282

RE:Ucore Receives Phase One Engineering of U.S. Strategic Metal

RE:Ucore Receives Phase One Engineering of U.S. Strategic MetalSo they've only now got the engineering approved?  Which means what to the time line of starting to process material?  i just googled the prices of rhodium, palladium, and platinum.  In the article it suggests 750,000 troy ounces of a combination of the above.  What's the combination?  If you average the per ounce price of the 3 metals, it equals approximately $855 per ounce (Platinum being over $1000 and the other two somewhere in the $800-$850 range).  Multiply that by 750,000 ounces and you get  $641 million!  That's the news release i'd like to hear - if my numbers are accurate.  Am i missing something?
Bullboard Posts