Ucore Rare Metals Inc. V.UCU

But, those are not the numbers DOD is looking at ...

[Dragonsmyth7]

Dear 69, 

You are trying, I will give you that.  But the numbers you quoted are not the ones DOD is looking at and they have nothing to do with Ucore getting the second half of the award.  The ten million for start up money.  Look you have an opinion with a crazy schedule basic on production numbers.  So much ore or concertrate products so much oxides.  Pip has a opinion that only the stockholders are going to get stuck with the bill for the first stage, the 2000 TPA.  Rod has an opinion, Farm has an opinion and other that post on this board.  I have opinion, but I have just a little edge over the others when talking about DOD.  I servered in and working for the US Navy for thirty plus years.  When you work steel that long you get hurt.  I have enough broken bones to prove that.  About a year before I retired I was stuck on light duty.  I thougth I was going engineering, instead I end up in legal.  Doing tech review of suppliers/vendors contracts.  Courtesy of a long boat ride with a lawyer with a long talk on why the contracts they were writing was not working and making more work for the government workers.  Next thing I know they are writing contract using my suggestions.

Of the things that Ucore put out that has to do with the testing they are doing for DOD.   The two things that count are the speed of RSX and the reason why it took Ucore so long to commission the Demo plant. We know that RSX take about a week start to finish vs SX taking six week to do the same run.  The reason for the long time to commissioning.  51 separations or slices with one to five comtrollers that have to be tweeked and then tested to see if it is the best setting for that controller at each slice.  Right now Ucore is testing the HEAVY rare earth sample to find the best settings for each of the controllers, in each of the set of controllers for each slice or separation.  Not to product the volume or weight of oxides but oxides that meet a specific mill spec.  They started in December and should be done tweeking the setting by June, maybe sooner.  Who knows.

The schedule you quoted was for the first stage of the production plant not for testing in the Demo plant.

Do I think they will make it to the deadline in June.  They have ten million reason to try really hard.   
Dragon

[PipinoCuevas]

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[PipinoCuevas]

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[My19sixyNineZ]

Sections drectly from the $4m agreement, on DOD website: 5.4.2.5 (24-month ARA) – Final Project Report _______   9. Follow-On Production   Pursuant to 10 U.S.C. 4022, if competitive procedures were used for the selection of parties for participation in the transaction for a prototype pilot and the participants in the transaction successfully completed the prototype project

[My19sixyNineZ]

& Ucore started baseline stuff in Oct. 2023. Submitting cost reinmbursements @ end of every quater, so they should be getting the 1st reimburse, if not already. Won't be much....but the 24 months max time, has already started.  Project updates are submitted monthly.

[PipinoCuevas]

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[My19sixyNineZ]

Dragon....no reply to any of what i replied?

[Dragonsmyth7]

Dear 69,  Nope.  You have your opinion.  I have mine. They are still looking for heavy rare earth separation to a Mil Spec at this point. Dragon

[My19sixyNineZ]

Lol....od course they are. Your whole line is completed & ready for the $10m approval ---- June 2024 Like it says ---- up to 24 months & then, & only then after declared completed, the DOD policy allows next phase. Btw....the "other transaction agreement", is mearley the allowance of follow-on $$$...without, Ucore needing to compete again. Basically no company can challenge

[PipinoCuevas]

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