RE:RE:The saving of Lynas by Ucore's ConsortiumMr ausheds, you seems very knowledgeable in RE field and your post have a lot of sense. but what doesn't make sense and did not fit into your conclusions is the Consortium itself. Why don't you admit that Materion signature under that agreement is mean something?
What is your agenda on this board? People invest in things they believe, if you are so sure Ucore has no future, why bother even to spend time for typing...? I even give thump up for your work. Probably there's some business between you and Izatt or IBC..., ha-ha, I'm sure this board would appreciate if you let us know how Isatt and his team are doing..., poor guys, this Consortium things kick out a chairs under their butts...
All the best to you.
ausheds wrote: Dragon, I would respectively suggest you stick to looking after the bird feeder out the back and leave the rather more complex of business, and particularly the RE business, to those with some expertise & experience, and that certainly doesn't include anyone at Ucore.
MRT is a crock, the French had better IP 40yrs ago, absolutely nothing is proven beyond the word of Bentzen, a supposedly third party observer who proved anything but, and simply verbalised to Jack. As to Jack's ethics in pumping the hell out of the Magic Pudding to you muppets and the world at large, I'll leave for you to decide.
There is simply NO data to suggest MRT could ever be successful in RE process economically, either volumes or costs, but that isn't even the real issue here, equally simple fact is Bokan is a very poorly qualified, ultra low grade resource, UG mining, no proven flow sheet, and the mktg guys trying to pull it together have absolutely no required expertise whatsoever.
In plain language a charade, ultimately you will have to admit to yourself, friends & family that you were deluded, and I can assure that is not simply my opinion.
As to Lynas you should do your DD a little more thoroughly, suffice to say I spent considerable time with Mgt thru November during my fifth visit to the LAMP, again at the KL RE conference, then again in Sydney for the AGM. Got to know these guys pretty well past 5yrs and I can tell you I have never seen them as positive and confident as they were, incl Jon Blumenthal at LAMP BTW. Second time I've met him, hell of a nice guy, and built a great base there in Tx.
Don't you worry yourself about Malaysia, what you should be watching out for is the automated behemoth that will be built in Kalgoorlie that will give Lynas 60,000tpa C&L capacity, and that's "t" for tonne, not kg. Very likely Australia's Defence Export Facility will stump up funding for primary SX circuits, these will ultimately stream the LRE & SEG/HRE feeds to Blueline JV for processing on US soil. BTW, do you have any concept at all of the economics of RE process at this scale? I shared that info with the head of another RE that is actually well advanced with their own C&L development and the blood drained out of his face, he's a very experienced businessman, and there may well be more to that down the track.
So as you may have been able to gather by now the adults in Malaysia have got a pretty powerful motivation to sort the political nonsense if they want to retain a RE industry and have any hope of attracting downstream industry. You may not be aware but Malaysia has been the big loser with companies exiting China during TW, most have gone to Vietnam and others, Malaysia desparately needs to lift its game.
As to DOD they are looking for the components of an NdFeB supply chain and the total focus is on process by component, nothing to do with "mining" in the tender docs, little even to do with source material. The tender docs actually look like they were written by Lynas' DC lobbyist, they couldn't get any better, even the enviro appendix, virtually all of that will be in place at Blueline already. No one else could come remotely close to Lynas process experience, expertise, finance capability, or customer engagement.
DOD are big on selecting a proven business, they are only handing out a tiny $40M for both LRE & HRE so they are not looking for charity cases.
And speaking of Lynas customer, think you'll find one of the largest, with cutting edge magnet IP, incl manufacture at scale, will step up as a no brainer for the NdFeB tender.
Incredible to think, after all the stuffing around, US could actually have an NdFeB supply chain up and running 24 months or so, of course by that stage Ucore will be just another tombstone on the TSX. Pour yourself another cup of coffee, get comfy, then go read thru the tender docs and just ask yourself how the hell Ucore could EVER satisfy pretty much any of the information required? Way past time for a bit of honesty here, and I mean that very sincerely FWIW, appears that may have finally dawned on Lightning. https://beta.sam.gov/opp/af2efb9ad8dd4928ae03ce6872e93bcd/view?keywords=FA8650-19-s-5010&sort=-relevance&index=&is_active=true&page=1