Can Ucore still hype to $75.00?Good Evening all,
Back in 2010 Japan impounded two Chinese fishing boats and China cut off REE and started a world wide panic. That China might cut off REE in the further. For three years price were sky high and a lot jr miner found a lot of REE deposits. The China flood the market with cheap REE and started snapping claims and deposits world wide.
During this time MP come line got listed on the NYSE and was hyped to 75 bucks a share then when into BR. Mine got sold to cover debts.
So fast forward 12 years and the question is can Ucore stock ride a wave of hype to 75 bucks like MP?
MP was all hype, they did not ever have a separation plant that when all the way to 99.99 pure. Ucore will have the only only working REE plant in north America. Where a company can order REE oxides to order. Different story then the last time where they talk about producing oxides.
So the question remains. When the market hear about a working REE plant what will be the reaction this time. A wave of hype or been there done that or somewhere in between? Only time will tell.
Pip, you looked the at wrong exchange. I trade in US and buy UURAF. Did not buy much. Got the dividend in the Roth IRA.
Good Night all,
Dragon