Member Info for SmartPunter

Its a PFS not DFS.

And yes, it's late

NOELREPORTS 🇪🇺 🇺🇦:

Three AfD lawmakers from Saxony-Anhalt attended Putin’s 73rd birthday celebration at the Russian embassy in Berlin, organized by the pro-Kremlin magazine Compact. The event praised Putin as a “patriot,” and AfD leaders later said the MPs acted independently.

Russian stocks fell to a three-year low after the Foreign Ministry said ties with the US were “destroyed to the core.” The Moscow Exchange dropped over 4%, with heavy losses for Gazprom, Sberbank, VTB, and Rosneft, as analysts cited panic selling after Deputy FM Ryabkov’s remarks.

We still looking at mid to end of month to first helium production?

>>How a loss-maker like LCM ends up with a valuation of £168million does indeed show how desperate the US is to break China's RE magnet chokehold.

Oh the irony. All of the rare earths supply lines in the West are loss making. Thats why we are in this mess.

LCM has something quite unique and worth paying for.

Wait until investors realise the junior miners cannot sell MREC and even if thry could, cannot make any money at market prices..

Transformative.

Https://www.reuters.com/world/china/g7-weighs-price-floors-rare-earths-counter-chinas-dominance-sources-say-2025-09-24/

​Siilinjärvi, Finland (Yara):

​This is the largest open-pit mine in Finland.

About 50million ton stack 0.4% REE (could be concentrated). 1.3m ton added each year

Its a gamble on the game changing technology versus the predicability of conventional monazite mining.

In reality REE mining is a minefield that investors are clueless of its issues.

Unrisked is double the analyst target of 34p.

Amroq has a mcap of £325m. Predicted EBITDA of $178m. Thats a explorer with all the risks and dilution ahead.

True. There are 5 Mosaic plants and stacks in brazil, plus at least another non Mosaic.

The the handful elsewhere.

Ballpark 2k NdPr each.

Bear in mind about 50% of the REE is retained the phosphoric acid. If this can be recovered then its double.

>>I do not much about lynas but they are £8billion market cap with $101million annual ebitda

Uberaba EBITDA will be much more than $190m with a 80% greater yeild.

Yes they can pay it back quickly. If that's the best use of capital.

George also said European prices gor NdPr were 3x Chinese. >$200/kg.

Note Lynas and MP far exceeds this on much smaller EBITDA

Not a complete figure to calculate on, but using

$190 EBITDA, $200m debt at 5% Over 16 years, 10m office cost

Est mcap please

Using your previously calculated \text{Net Income} of \$170\text{m} and a conservative mid-point \text{P/E} of \mathbf{18\text{x}} due to the guarantee

\text{mcap} \approx \$170\text{m} \times 18 = \mathbf{\$3.06\text{ Billion}}

Other methods say $2.5bn

No idea which PG/phosphoric acid source George could be talking about in Europe.

There is one stack in Brazil with >4% TREO. Several others have higher grades than Uberaba.

The Canadian and Saudi plants are under construction and will extract direct from the acid stream. Much better economics.

Morrocco will require "more R&D" to quote george, due low grades.

BFS for Phalaborwa and PFS for Uberaba both promised in 8 weeks.

Containing 130k tobsTREO per year.

Production has gone on for ~ 80 years.

George said 90% of the same process can be applied from SA to Brazil. Just needs tweaking.

I think george mentioned it long in the past.

After production starts?

Try emailing and asking the question .