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Well that's Hastings and you know what that is a good investment.

Maybe, but quite a lot of investors are principles or strategic who will drive a hard bargain. Remember, this don't have a huge CAPEX requirement to enable a large return, it could be entire funded by the acid producers or from organic growth.
>> PS I like the new name handle.
:)

>>Takeover by the Chinese?
Assets will be sold to the highest bidder and debtors repaid In order of preference, lower levels taking a haircut.

Equity holders will get nothing.
I took a tiny punt on this, but I give up.

Finland is another source of phosphoric acid with viable REE content.

Tony you are wise to invest further, this company looks like becoming a stand out star. They now have four projects, incredibly low cost and with LoM 100 years and 1500 years for SA and Morroco respectively.
Other potential markets are Brazill (200ppm NdPr), USA (up to 500ppm TREO, 38million tpa mined) and China at five time US production.
These are wild estimates, I'd like to investigate the many markets and potential RE production in each.
My guesstimate that RBW could be recovering 20k tpa of NdPr at the world's lowest cost and highest ESG rating suggests the £2.30 broker target based solely on 2k tpa from Phalaborwa could be blown away.

Other potential markets, suffice to say there are quite a few.

statista.com/statistics/681747/phosphate-rock-reserves-by-country/

RBW may well be able to start getting a very large income without shareholder dilution via licensing.
So chill out and wait, its will take time but nothing like as long as building a mine.

Just confirm what we already know, there is a lot of very rich metals available in a mine that is largely funded to open and operated successfully for hundreds of years in the past.
The metals are in vertical "killas" aka " in narrow, steeply dipping vein or "lode" structures, "

Look at rbw website for full technical report.

https://www.rainbowrareearths.com/wp-content/uploads/2022/08/2022-08-23-Technical-Report-on-Phalaborwa-processing-flow-sheet-development_FINAL.pdf

Morroco produces 15-30,000 tpa of REO that could be extracted.. 6000 tpa NdPr?

250million tones of phosphogypsum is extracted per year worldwide. Much of it has elevated REO.

https://www.sciencedirect.com/science/article/abs/pii/S0892687521003952?via%3Dihub

Morocco has a FTA with the USA so all output will qualify for US green subsidises.

PFS result tomorrow?
If the Morrocan NdPr grade is similar to SA, we could see another 14,000 tpa of NdPr, making 18k tpa. At $100/kg that $1.8 bn income, profit >$1bn per year.

Easily the biggest and cheapest producer in the West.

South Africa mined 2million tpa of phosphorus rock.
Morocco mines 18million tpa. Produces about 10% of world's 86million tpa of phosphoric acid.

This is why RBW technology is game changing in the RE market

Tony
You should know by now that the team have 20 successful project together including Africa's largest tailings project.
The technical director has over a hundred feasibility studies under his belt.
The board are hugely experienced in M and A and banking plus international politics.
Google Adonis as he is well know in Africa.