Pip, is right, Buying, tonnage. Good afternoon my fellow Ucorians.
One of those rare days in the Pacific NW. Very cool nights and nice afternoon temps. Enjoying Folgers coffee on the back porch. It is suppose to start raining Thursday. Oh joy.
Dear UcoreGuy,
There are very few things Pip and me agree on, but Pip is right. Unless Ucore gets full funding to build the commerial plant #1, Ucore is toast. The only problem is Ucore is not acting like a company that is on it's last legs. Ready to go into bankruptcy. Ucore is acting like a race horse that just took the lead in the home stretch. Ucore is hiring people, not laying them off. Ucore is passing out options to it's people like a tech company right before a IPO. Ucore is making long term deals with suppliers of REE concertrate. Suppliers of Ionic clay concertrate. The concertrate that runs the best and the fastest in RSX. Pip, says the market price should be at 1 to 2 bucks if Ucore is doing so good. Me I think that it is like Jack said. Ucore is running under the radar as far as the market goes. DOD is not going to let Ucore say much if they can stop it. What DOD can't stop is the report of money hitting Ucore's account. So they will delay as long as possible and OEM will warp Ucore up in NDA to keep China from reacting to soon.
UcoreGuy, you talked about how you were going to buy back into Ucore. Well I got a large dividend coming the end of the quarter. If I can pick up 10K @ .40 then I will add to my shares. Do it now. Once funding hits it will spike.
https://www.mining.com/web/miner-backed-by-canada-province-vows-to-compete-with-china-in-rare-earths/
Tonnage: In the article above they talk about doing a separation plant that produces 40 tons of REEs a month and 400 tons of NdPr a year.
Ucore on the other hand first commerial plant would produce 2500 tons per year, with 1400 to 1500 tons of that being heavy REEs.
Good day all.
Going back to my book and coffee.
Dragon