RE:RE:Pip and Dragon's long shot. Good Afternoon Pip,
Pip, I don't keep score like you do. On who's right and who's wrong.
Pip, if you remember right. I say 75, not a 100. It was Rapid that came up with 100 and 300 that when to 399.
The own time UURAF was at a $1.00 was 2010 when China cut off REEs to Japan.
Yes, Ryan has been talking to OEMs for a while, but if you look at what is going on in the REEs world with China's new rules. The OEMs are going to have to do something to get a secure supply chain.
MOUs are the first step in doing any deal. So they are needed.
Pip, the Chinese government might have been able to kick the can down road on the bubble popping, but Covid happened and war in Ukraine. China lost skilled people and lost the input to feed all of the people because of the war. When will the bubble pop? Unknown.
Okay, Why I think Rapid is right. Ucore has an open ended contract with DOD. Meaning funding is just a line item and sign off away.
Ucore is the only REE separation company doing HEAVY REEs from many different feed stocks. Also doing 900 tons of Heavy REEs from the first phase of the LA plant.
Dragon