The road to seventy-five dollars a shareGood Evening all,
I will finish with taxes on Monday and then I am headed back up to the cabin. We got most of it wired. Including two 240v outlets in the carport for the EVs in the family.
Since Pip, keeps asking for the 75 dollars a share story. I will tell it again, with some updates.
As you all know from the last update. The Demo plant has separated/sliced the whole REEs group out of the mixed REE sample it is working with. Meeting the first two milestones for DOD. It would be pretty good guess that the other eight milestones. Would be the separation of each heavy/light REEs on DOD's list. If there is a problem, Ucore has until 30Jun2025 to solve the problem and complete the separation. As pointed out by 69 many, many times. When the separation is done. Ucore gets the rest of the 4 million dollars from DOD for doing the testing. Plus the 10 million dollars in the second half of the DOD award aka the startup money. With the Award completed, Ucore can apply for other grants to build the commercial plant #1 aka the SMC. Starting in July Ucore starts testing a light REE sample for the Canadain government. We know very little about this award/contract other than Ucore gets about 5 million canadian for doing this testing/separation. We do not know if there is a back half of the award with grant money for doing the separation. We know from the last video that Dysprosium is being separated from the mixed sample and that kilograms are being separated. Enough to send to DOD and OEMs for testing.
Looking at the volume of shares being bought and sold each day. The shareholders are standing pat. Waiting to see how this all plays out. Pip, is under the firm believe that Ucore getting money to build the commercial plant is only worth one to three dollars a share. Because, unless Ucore gets full funding, we the shareholders will have to come up with up to 20 million just to get the first stage built.
Now, all of you know I am under the firm believe that DOD will fund the full price all the way to 7500 tpa. For the simple reason that Ucore would be the only company doing heavy REE separation outside of China and DOD would want the plant at full capacity as soon as possible.
I am guessing now. That Ucore will start building the plant with the ten million it gets in June unless a problem come up. To complete the first stage by the first of 2025.
What do we know about getting to seventy-five a share. Full funding one to seven dollars a share would be my guess. Unless we get a group of traders trying to run the price and dump it. We know that Ucore has to be at four dollars a share for six months to get on the NASDAQ. Once it is on the exchange. The big boys (Insurance Cos and Mutual funds or ETFs) can trade the stock. I look for a spike until the market figures out the valve of the company. I look for a increase in share price each time Ucore starts or finishes building a SMC after the first one.
Bob says that MP is updating the 2nd of May. Maybe they can do REE separation of there ore to 100%. But can they do anybody else ore?
Just a thought, If you were the CEO of MP or Lynas and Ucore's tech is better than your company's. Would you stick to your tried and true tech or would you upgrade to RSX? Just a thought.
You all have a great weekend.
Dragon
PS Hey, Pip you going to sell at three like you said you were going to or park a stop lose under your shares?