Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Theo leaving aside your slightly unhinged disdain for PA what is it about Longonjo/Saltend that troubles you so much?
JORC compliant Reserve of 160,000 tonnes of NdPr sitting at surface linked to hydro and rail and a separation circuit in a Chemicals Park - which bit is “poop”?
My question to you was why are you here when you are ramping Rainbow on Proactive Investors et al!
Maybe you are right and M&G, ATF et al are all wrong and a refinery makes no sense in the UK.
The point is why do you care? Nobody who follows Pensana is bothered about Rainbow - in fact if it succeeds it’s good for the rare earth sector in London.
Why waste your time here?
Theo: With respect which bit is not credible?
You are saying that the FEED has been ditched and that Lycopodium will have to start from the ground up and that you would not be surprised that after a long wait the the Capex will be ~US$300 million
by contrast:
Pensana CEO, Tim George commented:
“We are pleased to confirm that the team is on schedule with the Stage 1 re-engineering to the US$200 million
Capex design and are also well advanced on the financial due diligence for the main financing later this year.
Theo again its hard to understand why you suggest that the FEED study has been ditched when the RNS states:
"All of the selected vendors of major and long-lead equipment items have been re-engaged and they
remain committed to the project;
• Recent pricing reviews and updated quotations have been obtained in preparation for a Class 2 AACE
study which will provide a high degree of confidence and adequate contingency;
• Enhanced modularisation will enable off-site pre-fabrication, testing and containerised transport which
will ensure a faster and more efficient construction; and.."
Theo the RNS appears to say the opposite to what you are suggesting:
"Following the existing workstreams completed in the Wood FEED study and the identified long-lead equipment
suppliers, Pensana has engaged with the African based ADP Group and ProProcess to develop and implement the
detailed design and execution plan within the initial US$200 million capex envelope.
ADP Group, which is part of the Lycopodium Group, has designed, built and commissioned metallurgical plants in
Angola since 1997, with particular emphasis on a modular approach to optimise regional fabrication, installation
and commissioning time. ProProcess is an Africa-centric vertically integrated hydrometallurgy engineering and
modular fabrication company servicing the global mining community over the past 14 years."
Theo: "Lycopodium certainly looks to have all the right credentials but it is extraordinary that after all this time the company appears to have ditched Wood group and the existing FEED and gone right back to square one."
Where does it say that the FEED has been dumped?
Thanks T.
“Nevertheless, from 2023 through 2040 we forecast that global demand for neodymium magnets will increase at a CAGR of 7.5 percent, bolstered by double-digit growth from electric vehicle (EV) and wind power sectors, translating to comparable demand growth for the critical REEs (i.e., didymium, dysprosium and terbium) these magnets contain,” the firm states in a report.
Our concern El Toro is your that your overtly r*c*st opinions are not just ugly and completely unacceptable under any circumstances - they need to be called out as deeply offensive by anyone using this bulletin board not least to reassure those reading this Board to whom your comments are directed that your are a isolated bigot and that the rest of the users on this Board are appalled by and strongly oppose your views.