RE:RE:Rod's statementDear Pip,
You are doing it again. Yes, it is 75 million for the whole SMC, but first stage costs are lower. The cost of building the first 2000 ton stage is 35 to 45 million. If they get that built the rest of it should get funded because they will be producing REE oxides.
Do I think that DOD will fund the whole thing, YES. The less REEs coming out of China will worry DOD. They will push MP and will fund Ucore's SMC, maybe all three of the SMCs. Will DOD push Lynas, yes. Always want more than one sourse of supply, three would be good.
Also we don't know if offtake agreements have been signed. If the company that did the offtake is getting REEs from China. Not a good idea to go telling it to the world until they are ready to break with China.
Dragon