Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Are you folks aware of the other projects out there competing for the same business?
I’m thinking of Halite and another (onshore) Cheshire salt cavity project that shall remain nameless.
This isn’t being negative but the people placing their business in particular the capacity holders will be shopping their options to see where they get best value and that takes time as it’s pretty complicated stuff
If you bought another 4.5mill today Nobby you can't be too concerned about the other projects lol
Nobby, when talking value, just an observation from Storenergy website it appears that the Stublach project in Cheshire will have 20 caverns (currently 15 complete) capable of storing 400Mcm of gas at a project cost of £500m, whilst Infa phases 1&2 will provide storage capacity of 450Mcm in 8 caverns at a forecast project cost post FEED of £265m. In addition the Infa project will have the capability of switching between injection and withdrawal which as I understand it Is unique.
I was happy to pick up a further 270k very late this afternoon, though not surprising it did take time to settle.
Thing is that this is the only project one can invest directly in.
I’d be foolish to say I had no concern because the other projects are in GB and ours is in a smaller market in NI requiring commitments from smaller companies with less customers. This is mitigated given SNIP will be bidirectional but I’d have been happier if this project had retained its original scope and purpose which was to use IC1 & IC2 such GB, NI and ROI were part of the plan.
I bought the extra stock as I’m committed and do believe it will go ahead but with tweet about salt from JW, the never ending warrants along with my original point on this thread have made this a little harder to believe in; nonetheless I’m of the view it will go ahead & the SP ought to at least double from where it is now
Yes, thank you, I understand the points you make re Stublach. However I was not referring to
Stublach in my earlier mail. There is another one in an advanced stage, not dissimilar to IMSL but onshore & adjacent to Stublach. The economics are better than Stublach.