Member Info for SmartPunter

Well duh..dimwit

MP Materials is a miner whose costs exceeds their income.

RBW will be very profitable at the same price level because they "do not mine and have far lower OPEX and CAPEX*. And Tb and Dy will add 50% to income over NdPr.

RBW production forecast NdPR 1750 tpa, Dy 60 tpa, and Tb 20 tpa. for 2027. MCAP $122m

M&P production Actual 1294tpa for 2024. MCAP $7900m

Maths isn't a belief, unless you are into witch craft

Yes its nice to see, MP Materials up 40% to $7+bn

Https://www.rainbowrareearths.com/wp-content/uploads/2025/07/Rainbow-Rare-Earths-Corporate-Presentation-July-2025-FINAL.pdf

Basket is $147.4 at $110

EBITDA $300m/ year

>>SP will tell us how much money that equates to this company earning

$110/kg will give ~1bn mcap on x6 PE (Tony's conservative PE)

Brazil would add that plus 20%, so another $1.2bn

The other five/or Mosaic stacks in Brazil, probably average about the same each $1bn

The Saudi, Canadian and India plants, no idea, the plants are still under construction.

China, you funny.

Thomas Kruemmer is anti-China and often critical of their behaviour.

>>so his criticisms are unfounded at best, borderline libellous at worst.

So ... sue.

Oh, 'can't be bothered'. LMFAO.

>>RBW share price so stagnant

Its didn;t collapse 90% due to lack of investor confidence. Raises are made at a premium. Each to their own i guess.

I'm looking forward to the liable case.

Because Thomas is obviously lying isn't he?

I won't be holding my breathing.

Https://www.bbc.co.uk/news/resources/idt-66cdf862-5e96-4e6e-90b8-a407b597c8d9

Https://minedocs.com/22/Songwe_Hill-TR-070121022.pdf

>> He never answered one question directly.

"Is DFS completion in the short Term?" -"Correct"

"In the context of critical materials, is BRES a winner in the current environment?"-- "Absolutely"

As directly answered as is possible, one word in the positive.

I did own MKA, up to the PFS.

Another answer, specific to electric cars:

💰 NdFeB Magnet Prices in China

In China, which dominates global NdFeB magnet production, prices for sintered NdFeB magnets (e.g., N52H grade) range from $28.70 to $29.93 per kilogram.

🌍 Western Market Premiums

Due to China's export restrictions implemented in April 2025, Western buyers are paying premiums of $10 to $30 per kilogram, or up to 30% more than Chinese prices, for magnets produced outside China.

M.McNulty

"NdPr oxide, a critical precursor for these magnets, commands approximately $80 per kilogram when sourced from non-Chinese suppliers. This represents a substantial 29% premium over the prevailing Chinese price of $62 per kilogram. Finished NdFeB magnet prices in Western markets exhibit considerable variability, contingent on factors such as magnet grade, specific dimensions, and order quantity. However, these prices generally reflect the elevated raw material costs associated with non-Chinese supply. "

Your numbers are overblown, add 30% to the number below. Current NdPR iron magnets price per kg:

📈 Price Breakdown by Grade (China FOB)

Grade Price Range (USD/kg)

N35 $17.00 – $18.23

N42 $18.85 – $20.08

N50 $21.93 – $23.16

N52 $22.54 – $23.77

45SH $29.93 – $32.40

50EH $51.49 – $52.72

There is a reported premium of $10-30/kg that Western customers are willing to pay for non-Chinese magnets,

However, you numbers are overblown. Current NdPR iron magnets price per kg:

📈 Price Breakdown by Grade (China FOB)

Grade Price Range (USD/kg)

N35 $17.00 – $18.23

N42 $18.85 – $20.08

N50 $21.93 – $23.16

N52 $22.54 – $23.77

45SH $29.93 – $32.40

50EH $51.49 – $52.72

Will they? The PFS was a disaster.

They, like all the Western miners. will need to be subsidised.

350 tpa in 2026. With 28% NdPr i.e. 100tpa

About $5.5m per year

Tesla recycle their batteries into their home battery units.

Car manufacturers formed an illegal cartel to control the recycling, as it was so profitable.

https://www.carmagazine.co.uk/car-news/industry-news/recycling-scandal/

Recycling is good, but getting material to recycle is tricky. It will be sold at a high price when it becomes available in bulk, which is not soon.

StockGenius

Apparently you are in MKA, good luck with that. Their PFS was a disaster. You need a 100% increase in NdPr prices to make it viable.

The appeal of RBW is a production cost 30% to 50% of Western miners with zero radioactive waste and very green production process.

Lifestyle, hardly, the wages and costs are low compared to others. All the raises have been at a premium too.

Reading the Reuters article, there is furious offtake/supply chain discussion going on in the RE space right now. None announced yet.

Ideally we want the Mercedes offtake, 99.5% target and funding all to be announced simultaneously.