The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
RBW Expext a 65% recovery at the final stage, the extraction to the MREC stage maybe much higher.
REE content is not the problem with the SA gypsum stack, it's the high acidity. This will be resolved with the lime treatment.
Bear in mind that the original phosphoric acid produced by Fosker had about the same mix of RE and trace Uranium as the gypsum and its placed on crops to make food, its considered safe.
In Brazil the same issue has been studied, they found the even higher REE content of the fertiliser was beneficial for crop production.
This of course is irrelevant to Non Chinese REE producers because they and especially RBW will be selling to car manufacturers who cannot buy Chinese REE due to IRA and ESG.
Yes it's illegal. When it hit AMTE and the culprits couldn't settle, the LSE suspended the shares to help them out.
Https://www.ft.com/content/470ca89d-3adb-4c98-9532-de3962ea12b5
Tax credits on electric car purchases in the US just became much harder to score. The number of electric vehicle models qualifying for a bung of up to $7,500 is down from 43 to 19 after new battery sourcing rules took effect on Monday. The ramifications will reach far beyond the newly excluded automakers.
EVs whose battery components are built or assembled by a country identified as a “foreign entity of concern”, which includes China, no longer qualify for a tax credit. That leaves a long list of popular models ineligible, including the Tesla Model 3 Rear-Wheel Drive, BMW X5 xDrive50e, Audi Q5 PHEV 55, Volkswagen ID. and the Nissan Leaf. Some automakers are still confirming eligibility.
Getting back on the approved list will come at a cost — one that is likely to increase in the near future. Chinese EV battery makers account for more than two-thirds of the world’s supply. The world’s largest maker, China’s Contemporary Amperex Technology Co (CATL), has a 37 per cent share of the market. Its 50 per cent plus growth in capacity last year means it is one of the few suppliers that can produce batteries at the scale and price needed to keep up with the rapidly growing EV market.
The restrictions will get tougher, with rules on the source of crucial battery materials such as refined lithium set to tighten further in 2025. China has about two-thirds of the world’s lithium refining capacity.
But switching battery suppliers to South Korean and Japanese rivals, which charge more, could mean higher costs for automakers. Those are likely to rise further as capacity constraints and higher demand bite.
The tax credits, which allow buyers to claim the credit at participating dealerships at the point of sale, had succeeded in cutting the price of popular EV models to levels comparable to petrol counterparts. For Nissan, say, that has been crucial. Net sales in the US, its biggest market, are more than double levels at home.
Rare earths next.
Because
a. They won't know about it
b. It would be outside legally permitted limits?
Or would the backend be setup in Brazil. Or the radioactive elements extracted from the MRES before shipment
You don't know, it is before the PFS has been produced.
That's the point of these processes and why mosaic have partnered with RBW.
Toby
Complain to the moderators of this site. This is a LSE problem.
In comparison the Beehive telegram group is moderated beautifully and similar shenanigans are not tolerated.
Extraction of REE from phosphogypsum stacks has been the Holy Grail for decades. The liability and pollution caused by this waste is legendary. The South African phosphoric acid plant closed because of the waste issue, they could no longer dump it at sea.
RBW are performing a game changing technical solution that will revolutionise both the REE production and phosphoric acid production industries.
Https://www.sciencedirect.com/science/article/abs/pii/S0265931X99000971
This is article that could be referred to.
Key points:
The (six) gypsum waste stacks are a liability for their owners (Mosaic and others).
It will cost money to clean these stacks.
Mosaic and others will pay RBW for the clean up and it will be funded not only by the REE produced but also by the billions of dollars worth of gypsum and even Uranium that can be economically extracted.
The content of the stacks are a economic opportunity for RBW and a liability for our partners Mosaic.
Just read that post. It's liablous. AS a matter of record the chairman has not changed beneficial ownership his shares and its recorded on the stock exchange, RBW documentation etc.
Apparently January is the latest date for financing to be concluded.
I asked him to explain, he cannot, how about you? Using only this information, what can you conclude?
Why do you keep posting stuff that is meaningless to you and everyone else?
Link and context
Copper, gold , iron ore all up on positive China demand
TRR are severely undervalued in relation to peers at 0.4 NAV.
Before 2026 (my expectation of first dividend date) they will have around $45m income and $19m in the bank to expand their assets. Plus any borrowing they may take up
They will be even more valuable .
bat****.
the this month, next month, definitely before the end of the year, oops, next march ,maybe, will be the second anniversary of the start of the build. or has saltend been abandoned?
hard to tell with the silence from pre
His wage is 335 plus a bonus of 165 which he earned by delivering a pilot plant, funding and a second project. Plus 35% share price rise in the year.
However his pay is 65% of the entire board payroll of 800k. PA annual renumeration.. and your chairman was paid a million.
Why is PRE paying a million to a random Portuguese conapany and spending $10-20m a year doing nothing?
Lewis
Their expenses are exceptionally high. They pay money to a subsidiary in Portugal (transfered from Germany), a million per year. No idea why, look at the accounts.
lessee
as i've explained before, i came here after one of your posters put crap about pre in the rbw forum and discovered this forum and the inspirational china ****ginvg off rbw.
Lewis
You are misunderstanding the valuation, project financing valuation is based on the project NPV, there is no direct link between that and the SP (which is sentiment, at present), The comment about 60p was an illustration of the Project valuation in use for funding.
Lessee
Ionic Earth miner is commisioning their mine in Brazil
https://www.bnamericas.com/en/news/serra-verde-receives-operating-license-for-brazil-rare-earths-project
RBW have raised over 50% of their equity funding and a commitment for the bond part from the DFC.
Three hard rock projects failed/cancelled this year.