RE:Bob's question, Partner, and 100x share priceDragon "No one else is building a commerial scale REE separation plant next year." is right. But MP Materials has built one THIS year (2022), and should be at 20K tons per annum run rate by late 2023.
Commissioning of the MP sepration plant has started, and will continue into 2023. MP sending mixed concentrate tto China for processing should be phased out in 2023. When completed, MP's separation plant will have 1000 times the capacity of Ucore's CDP (20 tons per annum), 10 times the capacity of an initial Ucore SMC in Louisiana, and 4 times the planned capacity of the possibly larger 5k tons per annum Ucore SMC's. MP Materials is already building a plant in Texas to produce rare earth alloys and magnets starting in 2025, and it has the money to build it.
Stop comparing what you hope Ucore will do in the future to what "competitors" did in the past, as though that were a directly valid apples to apples comparison.