RE:RE:China now requires details of use in tighting export controlDear Pip,
A quick post before I head off to bed. Again, get your nose out of the account book and look the real world. No money until the science is done. We have been over this. Four million for testing, with ten million as a second half of the current award. Plus fifty million can be added with a stroke of a pen. We don't know if DOD is shopping for Ucore on long lead items like columns, PLC and pumps. That is something that Ucore does not have to report on quartersly reports.
Nobody does HEAVY REEs and magnets but China.
Not MP or Lynas. Everybody is making noise about doing it but Ucore is the only one doing it. So the more China tigthen exports on heavies the better Ucore looks.
Good Night
Dragon