RE: This will rerate15 Nov 2023 18:21
massive endorsement that the mining minister has said officially that we'll have the mda before the year is out. this opens a very lucrative situation as the bod have been in negotiations for nearly two years now with banks/financiers who are probably tripping over themselves to finance the project. on the other hand, with the licence in hand, we've become an immensely lucrative packaged asset for sale which, again would bring in substantial cash for a commodity which in the political arena is very sought after and rarer than the minerals themselves. top tier nations including america are poised to take advantage of the situation before china or anyone else plays their hand.
the company have also pushed forward with hypromag, another massive weapon in the company's ****nal, with cotec already primed to establish a presence in north america and the bod have already been around the globe organising strategic spots to maximise the recycling program for magnets.
the mda being acquired is the first domino to fall, bringing forth much anticipated news for growth of the market cap.
exciting times...and long awaited!