Pip's Inflation Dear Pip,
You are doing it again. To do the first stage of the commercial plant costs 25 million. Every time you post about that price goes up. First it was 30 million, then 55 million. Then it is a RO or PP and doom and gloom. It is never going to happen. Oh, woe is me.
As I have said before all Ucore has to do to get full funding is to separate heavy rare earths out of the mixed sample. They are running the Dy now or just finishing and going to the next one on the list. The kilos of rare earth samples go to DOD and to the two companies that are interested in doing the outtake ageements. Ucore completes the list and gets paid four million for the testing. The second half of the OTA kicks in and they have 10 million for start up. Plus they can apply for more grants for the rest of the funding. Who knows what the outtake agreement will kick into the pot. There is to much pressure from government and business for Ucore not to get funding if they can prove they can do the separation
Yes, you are tried of waiting and so am I. It has been a long road from Bokan mountain.
But please quit pulling everybody leg. You are in it for the long haul and have been for over a decade.
Because you have seen the same thing every long time stock holder has seen.
Where Ucore will be iwhen they pull this off.
Ucore will be the ONLY rare earth separater in north America!
Dragon
PS Yes, waiting is hard and Ucore does not help with slow news reporting.