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I think @MkangoResources is in for a major rerate shortly.
Rare earth deposits are notoriously difficult to value due to their unique ore constitution. But the most basic of relative valuation analyses (in-situ resource) suggests #MKA should be 2-4x higher than its £27m mkt cap.
This is a must read and establishes that Mkango and their partners (Bentley Motors, University of Birmingham etc) plan to recycle REE is on point.
https://www.adamasintel.com/adamas-2020-super-recovery/
US government is about to “throw money” at these projects - exact quote from article.
https://www.barrons.com/articles/rare-earth-metals-market-is-producing-big-gains-51615460401
Good read - also talks to recycling in the future - something Mkango identified years ago as having great value - kudos to management.
https://www.eetimes.com/the-politics-of-rare-earth-metals/
Excellent summary of the company in this article.
Didn’t realize they also have a Cobalt property.
Cobalt prices are up over 50% since January!!
https://www.theassay.com/news/major-milestone-for-mkango-at-songwe-hill/
Some big size nibbling at .25 and above.
Someone is acquiring a large position.
They are likely either American or Chinese. Ha
Good thinking.
Next time you buy a coffee in London for £5 ... think to yourself I could gave bought 20 shares of MKA instead.
History lesson .... tech, semi conductors, rare and essential commodities = REO
https://www.businessinsider.com/nine-wars-that-were-fought-over-commodities-2012-8
https://www.visualcapitalist.com/chinas-dominance-in-rare-earth-metals/
It’s nice to be a shareholder of an asset that world powers are beginning to fight over.
https://www.forbes.com/sites/erictegler/2021/02/26/the-us-is-trying-to-secure-rare-earth-elements-for-national-security-that-goes-beyond-simple-investment/
Go brush up on your Rutile education because this asset is all accretive to their REO deposit .. and could be worth £1 on its own. Titanium price move next.
https://www.globenewswire.com/news-release/2020/12/03/2138782/0/en/Mkango-Completes-Rutile-Exploration-Programme-and-Awaits-Laboratory-Results.html
Some big chunks getting grabbed over 25p today
I think we a re close to 5-10p daily moves soon. These 1-2p daily moves are going to be a thing of the past. Keep roaring Mkango
This Management team just quietly goes about their business getting the job done. I doubt there is anyone happier about getting credit (validation of an improving market cap) after years of grinding it out and managing capital and tough markets.
This isn’t even started yet price wise. A free 25% free carry in the hottest commodity sector than nations are openly stating that REO are a strategic resource. Good lord it’s nice to see this over .25p but we are 5x from real value even before their BFS is out.
Mkango Announces Major Milestone - Successful Completion of the Flotation Pilot Plant Programme for the Songwe Hill Rare Earths Project
LONDON and VANCOUVER, British Columbia, March 02, 2021 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce the successful completion of the flotation pilot plant programme for the Songwe Hill Rare Earths project in Malawi (“Songwe” or the “Project”).
Mkango’s flotation pilot plant programme has been completed at ALS Metallurgy in Perth, Australia, and was effective in scaling up a new, optimised flotation regime for the Project
The results of the flotation pilot programme will be announced in due course, and the flotation concentrate produced will be supplied to ANSTO in Australia for hydrometallurgical piloting
Pre-piloting test work is already underway at ANSTO in preparation for pilot testing of the front end of the hydrometallurgical processing flow sheet
Discussions in relation to sites for a rare earth separation plant are ongoing – this will process the high grade, purified mixed rare earth carbonate produced at Songwe, enriched in high value neodymium, praseodymium, dysprosium and terbium
Rare earth prices continue to rise and concerns over security of supply provide a very favourable market backdrop, with accelerating demand geared to growth in electric vehicles, wind power and green technology applications
William Dawes, Chief Executive of Mkango, stated: “We are very pleased to have completed this major milestone for the Project and look forward to updating the market when the results are available. The smooth commissioning of the flotation pilot plant is a strong credit to the ALS Metallurgy team, as well as Mkango’s technical consultants and advisors. The flotation pilot plant provides Mkango’s lead engineers, SENET (a DRA Global Group Company), with essential operating data for the Feasibility Study and to assist in engineering the Company’s commercial scale operation.”
More coverage singing this projects praises.
https://roskill.com/news/rare-earths-mkango-resources-commences-pilot-plant-processing-at-songwe-hill-rare-earth-project/
Specially mentions Mkango by name.
Remember this article. Might be more going on than meets the eye.
https://www.reuters.com/article/us-usa-rareearths-pentagon-exclusive-idUSKCN1T62S4
75p value already based on their analysis.
We are less than a third of that now. Duh.
You mean the PURE CASH FLOW WITH NO DEBT!
Ah. Wait for their BFS to come out and the picture will be a lot clearer. It’s somewhere between a boat load and a @hit load.