RE:RE:China preparing to choke off America's REES.Dear Pip.
The first stage is 2000 tpa and that is 25 to 30 million. lThat 55 stage is needed to get to second stage. When Ucore is producing REEs, they will get funding. You know this. So Why, oh Why are you still pushing the this dilution Idea?
Look at the article posted. China is making moves to cut off supply. If Biden tells Xi to take a hike at that trade conferance next week. Then look for cut off to start.
Here is my best guess of what DOD would do if that happen.
Bob, MP would not be able to send concertrate to China. Will MP be ready to do 100% separation of REEs here is US?
What happens at Ucore is that they will be building 3 SMCs not 1 in 2024. The DEMO will not be doing much testing, but producing as much heavy REEs as it can.
The US DOD will be funding as many mines as it can. Permiting will be on war timetable not regular. Which means that Vital metals mine up in Canada will be pushed to get open and producing.
The silcon that is coming out of NC will be cut off and China will have to look for other supply.
So Pip, if that happens what would Ucore stock price be?
Dragon