Member Info for SmartPunter

Https://www.miningmx.com/top-story/62976-rare-earths-to-be-in-deficit-for-15-years-says-rainbow-ceo/

>>Production late 2027.

Not happening. Have you looked at the site update? Its a mud site with containers and tents.

>> Main customer and offtake secured

Non-Binding MoU is non binding. All of them.

>>Capital estimate as per most recent BFS completed for Stage 1 development of Longonjo mine

And now they are claiming they have a BFS.

I sold 95% after the cancellation of Ionic separation.

I reassessed my investment;

Decided RBW are the by far the most experienced mine builders who have built a REE plant before. The project is the cheapest/cleanest in the world.

And no other UK listed company is anywhere near starting production. Aside for the recyclers, everything is years away. I can't even buy the Australian miners via HL or AJBell.

So I bought back in at 50% of my previous holding, at the same price I sold.

So, great rise.

PRE abandoned the solvent separation process.

What makes you think it would have been a good investment of $500m for the taxpayer when nobody else, Pensana included, did?

what a load of *******s

Since 12.19, MM have been restricted. Nothing to sell now. Bid moved up to 18 45 but no takers yet.

REE export restrictions have NOT been fully removed.

I guess everyone read TREO newsletter :)

Lol

Devil is in the detail, as always with REE.

Price recovery.

Lynas already produces terbium and dysprosium, with samarium set to enter production from next April at its new facility, all among the seven heavy rare earth restricted by China in April this year.

https://www.bloomberg.com/news/articles/2025-10-28/lynas-to-expand-only-heavy-rare-earths-facility-outside-china

Construction is expected to begin in 2026 and be completed in 2027. The facility will be built in phases, beginning with the rare earth separation plant, followed by potential future expansions to support downstream processing and alloy production as part of Aclara’s long-term growth strategy.

https://businessfacilities.com/louisiana-attracts-aclaras-277m-rare-earth-facility

ReeTech/Sundrum

>>1. What is the cost price of the resulting MREC? 2. What is the cost price of selling MREC?

Valid point.

Based on the $44/kg NdPR price, minus the 10% separation cost, $40/kg. MREC is 55% TREO and Cerium depleted. Pay-ability is 70% for MREC.

Need to see some new figures from the company.

And who is going to process it??

Its ironic that PRE switched to the USA and Ionic separation from solvent and RBW are now doing precisely the opposite.

George said DFS, result of optimization and PFS from Brazil in 8 weeks.

In the accounts it now says they are now aiming to sell MREC "like other RE companies" and DFS in 2026.

An economic comparison between Ionic and Solvent separation will be performed to determine the best path forward. The Pilot plant will be setup to optimise the MREC.

It took four years to admit that Saltend was cancelled.

Not in PRE's accounts. Not in the web site of the company supposedly building the mine. No orders for the plant. No pictures or updates of the plant neing built. Three funding raises since 'fully funded'

And now they announce they are applying for EXLIM funding.

Also highlights that MKA mcap is significantly below PRE who are not funded and not building a mine..

Then there is the 5 MoU offtake agreements...

How many times has the mine been "about to be funded" (5?) and building (3?)

What a shock. I thought PRE had been funded and were building the mine already.

I'm not happy either, but this is a very hot matter for the Western economies. RBW have to get it spot on for the next 20 years, maximizing profit for the highest NPV.