Ucore Rare Metals Inc. V.UCU

Bob's question, Partner, and 100x share price

[Dragonsmyth7]

Good Morning all,
 Bob's question:  Bob keeps harping on that one thing from that July press prelease.  Hint Bob, if you are going to harp on something that is from six months ago adding a link to that PR is a good idea.  Why, of why did he not say how RSX was cheaper, faster, and greener.  How about the most simplest of answers.  He does not offen write PR and why say it when it had been said many times before.  The PR was not about how RSX is cheaper, faster, or greener.  Just a thought.

Partner:  You all have beat the Partner question to death.  Me, I think that Ucore has six, last count, OEM auto companies (Pat video) line up to do outtake agreements.  Outtake agreements do NOT mean that Ucore sells 90% of the company to get money for SMC.  When the Demo plant shows the world that RSX is cheaper, faster, and greener in a side be side compaison to SX it will be big news.  With RSX proven at commerial scale governments will line up to throw money at Ucore to get More SMC built, maybe more than one at the same time.  AIDEA requirement for proof of RSX for the 3.5 million starter loan for the SMC building is what caused the independent testing.  After testing Ucore changed course away from Ketchakan.  When from a18 slice circuit to get just the four most profitable REEs to a 51 slice circuit to do all of the REEs plus the battery metals.  But also added a standard SX circuit for side by side compaison.  Somebody dangled a very big carrot is the only explanation that make sense.

100X share price: I have stated my thoughts on this a few times.  Pip, thinks that it is impossible and can never happen.  As I have said in the past Pip, has a right to state his opinion and I have depended this right on this board in the past.  If we were talking about a regular bore business assets then Ucore is five years or more from that share price.  But Ucore is not a regular business.  it is a choke point business.  No one else is building a commerial scale REE separation plant next year.  Now stop and think about that for a moment.  You have miners that dig up REE and you have end users that use REEs.  Only in China and Australia do we have separation plants.  Ucore will be the only company to do full100% separation of REEs in the NA.  That just might make the business news, maybe the business channels.  When that happens I think the hype will kick in and we will see a run up in stock price.  Maybe as high as MP which is 75 dollars a share.  But as Pip is quick to point out these are my thoughts and can never happen in a million years.
But think on it.
Dragon

[PipinoCuevas]

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[VeritasBob]

Dragon "No one else is building a commerial scale REE separation plant next year." is right. But MP Materials has built one THIS year (2022), and should be at 20K tons per annum run rate by late 2023. Commissioning of the MP sepration plant has started, and will continue into 2023.  MP sending mixed concentrate tto China for processing  should be phased out in 2023. When

[PipinoCuevas]

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[VeritasBob]

I have no idea how profitable an SMC would be. Depends on costs and scale. Probably hard to make high profit rate at low scale (2K tons per annum) due to high fixed costs spread over small production. I will just say we have NO idea what the CAPEX or OPEX would be for an RSX SMC. Might be profitable, might be loss making. Who knows. I doubt anyone at Ucore has a clue, unless they already know RSX

[PipinoCuevas]

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[VeritasBob]

You only care about renevue and not profit? If Ucore sells Nd for $100/kg, but it costs $130/kg to buy the feedstock and produce the Nd, would that be a good business?

[PipinoCuevas]

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[VeritasBob]

Pip, rare earth prices in China, updated every Chinese work day https://www.metal.com/Rare-Earth-Oxides Prices a U.S. seller could sell at are not the same as these prices for various reasons (tarriffs, import/export fees, quotas, transportation cost, qualification of product by buyer, etc.)

[PipinoCuevas]

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[VeritasBob]

I bought Ucore because because if RSX. I had followed Ucore since 2010, and always thought Bokan was a worthless joke. I wish the Austrealian deal to buy IMC had gone through, then Ucore never would have bought IMC, and I never would have bough Ucore, and I wouldn't have lost that money.

[PipinoCuevas]

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[VeritasBob]

Pip: "12-18 months should have a good indication if this is gonna progress or go belly up" That's what people say evrey year. The next year is make or break. Yet years later, here we still are.

[PipinoCuevas]

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[VeritasBob]

Deagon "Only in China and Australia do we have separation plants".The "Australian" separation plant is in Malaysia. Likely both MP & Lynas will have light & heavy USA separation plants before SMC ever gets up and running. That doesn't mean there won't be room for one or more Ucore SMC's, but they will not be the first. As for CDP, which if things go well