Okay, let's talk funding.Dear Pip,
Okay let's talk finding. For this question let's assume that what Ucore has said is true. That RSX works and works the way Ucore has said it does. (Yes, Pip you can rake me over the coals if that is wrong later.)
Funding, by Ucore's latest video from Red Cloud. Thanks, Rapid.
We know that Ucore has 4 million for heavy REEs testing.
If testing proves that RSX can separate heavy REEs, then Ucore has 10 million to build SMC in LA.
Plus a second award for building SMC, amount unknown.
PLus the Canadian government funding, amount unknown.
Plus OEM offtakes, which are more likely if US and canadian governments are funding SMC.
Okay Pip, How much is that worth in stock price? If Ucore get this funding what is your best guess to how high will that push Ucore stock price? Over 2, 3, 5, 10?
Remember DOD is looking at this from a war point of view. Having a secure scource of REEs supply in US. If there is trouble with China the first thing they will do is cut of supply.
Dragon