Ucore Rare Metals Inc. V.UCU

interesting

[farml1234]

https://www.msn.com/en-us/money/markets/researchers-find-potential-37-billion-treasure-on-2-million-coal-mine/ss-BB1lsY57?ocid=msedgntp&pc=U531&cvid=b11fbf8cd74d4619bfd2d1fba59d6411&ei=7#image=7


jmho

[VeritasBob]

$37 billion's total garbage. Huge deposit at very low grade, so high processing costs. $37 billion assumes no processing costs, doesn't discount to future, and assumes all could be sold at (was) current prices. But if anywhere near that quantity were sold, prices would tank. So garbage on garbage analysis, perpetrated by people who are some combination of fraudsters or idiots.

[Dragonsmyth7]

Greeting people, Back for the weekend, taking care of taxes.   Dear Bob, Yes, it may be low grade.  But you have to dig it up.  So you can't dump it on the market.  The guy that owns it has the same problem as other mine owners.  Yes, I have a big deposit but only China can do the separation at this time. Bob, can MP call this guy up and say "We can do your

[VeritasBob]

So-called $37 billion mine is totally uneconomic. Way too low a grade. Costs too much to dig up and concentrate, let alone separate. The $37 billion doesn't account for cost of digging up, concentrating, or separating. After those costs, it would be a big loss, not a big profit. MP will provide an update on Q1 earnings call May 2.

[PipinoCuevas]

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