Member Info for Gallmat

Lol. depends on the soc number!

Thanks Prof.

I will have to ask. I am due a trio to London

I mad a calc and then took off 40pct for uncertainty as we do not have jorc on 7.3m.

Fingers crossed it can be 1.5+ but who knows.

All guesses

Seems like a good idea.

All the regulations about how you get money out of your pension. They do all the administration and tracking for you.

Once you have started to use them you won't want to track all that crap so you will use thier system.

Pension providers then try and sell services to you.

I think that is the business model.

If you want 1k or 3k from it now instantly.

Click the button and we will do the withdrawal for you instantly and in an automated way etc.

Rather than you calling up all you pension accounts. Filling in the forms for tax free lump sum withdraw. Then reporting to hmrc etc.

Sorry for your pension

This might be something like a equity release on a house but for your mortgage.

They will advance you an amount using it as collateral so it can still grow.

Makes sense.

I quite like his approach.

You take a stock that trades on fundamentals not in the share price, then draw some lines based upon data years ago when gold was sub 2000/oz.

Perfect

Honestly I do not think feed for usa is an issue.

If a company is discussing with Whitehouse and pentagon. There are chats about restrictions on feedstock leaving the country and making recycling a requirement as well.

The usa is very serious and these regulatory changes are common sense. Why would you send rare earth feedstock back to China If you can use it. Why would you send it to landfill if you can loose it.

The usa plant needs 1k or 1/45 of current demand and that will grow.

Again I would say. What I'd success here. 4m usd profit on x20.

The bar is low

Another key thing is the EU is far more interventionist by nature than usa.

You can imagine this line is being discussed in the EU.

The cost of govs stockpiling say HDD magnets is nothing.

I have previously noted there is no need to have full operations globally. You could easily place inserma units in Taiwan, Japan..lots of countries and start stockpiling with a commitment to build the plant later.

I raised a few questions on this in the past.

Essentially derisk the modular build out at low cost

One of the overlooked items on the cotec call was the mention of gov regulation.

The noted stopping export of feedstock and requiring recycling.

Another note was made of stockpiling pre production.

This type of intervention could play into our hands and is reasonable. Why let the hdd magnet feedstock leave the system for 2 years when you could process with inserma tech now and stockpile .

Even 1000T of feedstock is nothing for the usa gov ( or us with a gov backed loan) and it could really de risk the ramp up.

This type of initiative could easily be implemented

Seriously just focus on your own views and actions.

The only crime of myles, is to spend his time writing a huge substack that probably everyone has read.

Why do people attack a person who helps them?

Is it just beat to avoid the conflicts? It was not the best question to be sure.

I honestly don't know why people call out others like myles. He has his view and everyone should make theirs.

Nelson

Well done. Its rare they come back and even rarer that people hold the conviction for so long.

today's LTH goes to you :)

One of the things I love about cotec is they have multiple projects and you get news via this service every month.

Excellent approach to investor relations as each month you have access to ask questions.

Very different company from mka. I hold and like both alot

Prof

Think it can be around this as well. De grey was 800usd using a 1.5g deposit and we are at 1.95g (wxc byproducts)

Cheaper labour as well

The best you have is the usa feasibility study for costs.

They plan to pay more as the rare earth prices rises.

One of the reasons I hold also via cotec.

Value of usa operation most likely will be most valuable and hence lowest risk. They also have lots of other assets.

Ejt.

I agree with the 300m gbp+

There is no need to shoot for the stars. Something realistic on a settlement is important and everyone would be happy.

Easier to take cash and try and make 100pct more ourselves than convince someone to give you 600mgbp.

Key thing is to get something and continue the journey.

Agree fully.

What is success from here?

Starting to develop the mine and smash out a couple of million usd profit on a x20 growth multiple!

There is alot of focus on the multibagging, but we need to show very little in an operating business to move much higher.