George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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SmartPunter
"As has been pointed out by various sources the production of MREC/MRES has been proven and that is a viable and low cost to market."
I agree, in six months we received MRES - 3.5 kg, MREC - 35 kg.
At the same time, the cost of the resulting MREC will be higher than $4/kg. This is due to the reagents (sodium or ammonium carbonate) for the precipitation of MREC from the sulfuric acid solution. MREC precipitation is achieved at pH=6.2–6.5
Yes SP
It won't go bust although the share price of late generates that kind of gloom.
Tony
Tony
As has been pointed out by various sources the production of MREC/MRES has been proven and that is a viable and low cost to market.
The reduction in temperature halves energy costs to $6.5m and the lower than PEA cost for the adjacent sulphuric acid plant ($5m?) and extra income from selling the phosphogypsum ($5m?) are all factors in the viability of this intermediate development phase.
Yes, it was a transparent RNS. I think George's presentation will help clarify the timeline.
Reetech
They will close the optimisation process otherwise it leads to market failure for the entire project and I believe the CEO is very much aware of that risk. I was happy with the RNS as it set out quite a few issues for investors to take on board. RBW are moving in the right direction.
Tony
Forgot the strong buy sign
It's actually a perfect buying opportunity tony which is what I will be doing.
👍
Tornadotony
"A few weeks back iteration protocols to establish best results were being undertaken. RBW then need to sign off the flow sheet design as best of what they know." - ETERNAL WORK ON OPTIMIZATION)))
Cadellin,
What Rainbow are doing with K-Tech is quite extraordinary in terms of the flowsheet. George has revealed in the February RNS some of the complexities that have been overcome to date. I believe K-Tech and Rainbow can deliver purified NdPr on decent recoveries by 30 June 2024. It is a critical date as 2026 production is probably now in Q4. I suspect George underestimated all the work K-Tech had to do and at some point as they found it better to use a carbonate then a sulphate and lost some time. A similar amount of time is being taken to overcome any further issues down the NdPr flowsheet. It would be great if the results arrive earlier than by 30 June and I hope it is a case of delivering earlier than missing a target.
As for the share price, sentiment on sold rare earth prices has reduced interest in the sector. The fall to 15p to 12p was probably down to the 3 month disparity to when we thought results may be incoming. McKinley reported importance of rare earths recently and how the sector was not getting investment. Hence we are either at a nadir or heading towards one. Longer term RBW should bounce back. I hope George has it as a credo on his desk not to over promise and under deliver, but to err the opposite way which is hard to do when sentiment is at rock bottom. I believe he has set out the challenges he faces and some of the future targets are not in the companies control, but they are getting in additional expertise to mitigate against some of the risks and have a good chance on staying with their plans.
I regard the project as a long hold.
Tony
Canna ord had us at speculative (25p)
Berenberg had us at buy (38p)
In February we are nowhere near them the market obviously didn't like the RNS of this morning
I agree Tony. High time for an update with some encouraging data and measurable progress
RBW will give a presentation to shareholders next week. The finer detail of what they are doing at the back end plant should be revealed. A few weeks back iteration protocols to establish best results were being undertaken. RBW then need to sign off the flow sheet design as best of what they know. I am hoping to see some urgency in progressing the project. It can not roll on forever for somebody to complete a PhD.
Sell up and move the ree
There are only empty words in RNS. Not a word about the results of the work.
We have a clear timetable. It has moved out again by six months, but probably aligns with events in the global market. The risks inherent in the project have been made very clear along with actions thus far to mitigate them. I really do hope the flow sheet at the back end plant in USA is finalised in Q2. Hopefully the market responds well to the RNS.