REE in the USA?Good Evening Everybody,
The wife is off to bed and I am waiting on something to finish before I join her. Very interesting day, don't all of you think so. Mostly negative by Pip and friends but that is to be expected. Pip had high hopes and great fear in th early day of us following Ucore and just can't let go of the anger over the lost time. If Steve had played ball instead of throwing a snit and taking his ball and going home it would be a very different story today.
Now I think all of us can agree that the pressure is greatly increasing to build a REE supply chain in the USA. You have from the looks of it, three main contenders Mountain pass, Lynas and Ucore.
Now Mountain Pass has a light REE mine and a separation plant that does 90% of the job, but they are still sell a concertrate to China. Instead finishing the separation here and selling to DOD. Lynas wants to mine in Australia do a partial separation there and then ship to US to finish. The only way Lynas can made any profit if they get a cost plus contract from DOD. But that does not happen if Mountain Pass or Ucore come up with a means to separate REE here in the US. Which would explain why Ausheds is here on the board.
Now if you were running Mountain pass and you had to choose between building a new SX plant to finish separating the REE concertrate the your mine produces or cutting a deal with Ucore to do the separation with tech that was cheaper and cleaner and not have to spend the money on a new SX plant. Which would make more sense?
DOD will not care who produces REE in the US, but in time they will want three suppliers now if two or three use Ucore's tech for separation it would not matter.
Licencing deals are the last straw that will break the log jam in the REE industry here in the US. Not the SMC in Alaska. It will also make us the most amount of money off Ucore stock. Now when the pop in the stock price comes I plan on setting a following stop loss on my Ucore shares. I would advise all to do the same.
Dear Pip,
This in not MRT or 2016. Trying looking at Ucore like it was a new stock you just found. Forget the anger it is not good long term. By the way the grandkids are fine and Ucore is only a small part of there portfoilo, only about 7%. But thanks for worring about them.
Good Night,
Dragon
PS You can't have a REE supply chain if you do not have the next step past mining, which is separation.