RE:Reply from Tracy Good morning King. Just curious, what happens to all the decimals points from Tracy's emails? :) And who is to say that Tracy is not following this Board.
"That said this business venture is designed to expand and extend our business(.) How many other junior companies in the rare earth space have ANY revenues... " Expand and Extend? There is NO current business! They have some radom revenue where they buy some concentrate at $1,000/tonne, and sell it for $1,000/tonne. And perhaps a few oxides. I can't elaborate on this, because this is where the company cut me off....when I asked for clarification of their press releases vaguely naming such revenues.
".....let alone access to proven processing capabilities)?" Proven processing capabilities? Where? Where is this proven capability? I thought this was our first operation and it's not even off the groung yet. And I thought we were to be Refiners, and not so much Processors.
Processing the tailings into a concentrate? Why? So they can sell it to the Chinese who then refine it into separated rare earths. I thought our targeted supply chain was the ROTW [Rest of the World] with oxides and metals? Where is our partner Talaxis....with all their money to build us a Refinery for this new tailings project? I can get excited over 20% interest in a Refinery, but owning a 20% interest in a small scale concentrate processing operation doesn't do much for me......or the market it appears!
"Even say 50% of that = $2.4 million of revenue/year." How does Tracy allows get excited over $2.4 million of annual low margin revenues? [rhetorical] Our stock will NEVER move on this size of a project!
"Solidifying relations with our financing partners" And just who are these ghosts that they cannot name? Who are these anonymous financers who were offered 80% of our only [executed] project....which was almost fully financed by the vendors anyway??
"Providing feedstock for our own rare earth concentrate enhancement and separation refinery once constructed or purchased" Now wouldn't that be nice!! But this has been the goal since 2012!!
kingscorpion wrote: Hi (my name) you continue with good questions. I must reemphasize that securities regulators FORBID our disclosure of any information that has not been independently verified so my hands were tied when it came to issuing news releases and that continues to be the case. Additionally, if I were to provide details to you then I would be obliged to provide the same information to all existing and prospective shareholders through news releases. That said this business venture is designed to expand and extend our business how many other junior companies in the rare earth space have ANY revenues (let alone access to proven processing capabilities)? Assuming your numbers are correct 20% of 48,000 at $500/ton = $4.8 million of revenue per year. Even say 50% of that = $2.4 million of revenue/year. Our cost to purchase the tailings and lease the land for 26 years is 20% of $11 million = $2.2 million payable over 10 years while we are able to operate over about 25 years. Other intended benefits of the purchase/lease include: A cornerstone for permanent operations Solidifying relations with our financing partners and operators Providing feedstock for our own rare earth concentrate enhancement and separation refinery once constructed or purchased In the meantime, operations are intended to cover the purchase cost within a couple of years Please keep in mind that this is not necessarily our only purchase Hope this helps Tracy