RE: Share Talk Blog28 Mar 2023 16:58
I agree 100% with GLR, I think the big focus is the recycling asset and it's easy scalability onto a global scale in very short a period. Songwe is a very Juicy asset, and once the MDA between the company and Malawian Govt. is completed and we have a licence and a lucrative asset to sell.
Question is what could it fetch, well with the licence in our pocket, £150M+, with consideration on it being an easy in-fill mine with local infrastructure in place for transportation, and of course all associated permits. Remember we're amidst an REE war which may or may not be that evident, but with the Chinese being a dominant global factor and with the west to alienate or at least not be reliant on the Chinese. Tension currently there is no easing between the West and China, therefore rich REE deposits are becoming scarcer.
Financiers have been in talks with MKA BoD last two years and have probably built a financial scenario dependence on the different MDA outcomes within the BoD's scope of final outcome. This is why I believe they're sticking to their guns on points in the MDA as a lot of financial pre-work has already been accomplished. (IMO)
As GLR also states, the jewel in the business has focused to Hypromag and the global mandate at a crucial time when critical metals recycling has become ever more green'ily prevalent with majority of countries around the world. IMO it will be very lucrative. Mr. Treger of CoTec has already hinted at the billion-dollar valuation of the entity and is already in talks with the U.S Dept. of Defence and Industry, expectant on an outcome in months, which would give us a better direction for CoTec's North American vision. MKA BoD has already visited Japan and other countries to drum up feed and stick pins in where Hypromag will be establishing recycling hubs and super hubs!
The future is, in no doubt, very bright, but when this kettle starts boiling, I'll be glad to have had the patience to wait it out and reap the rewards!