REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Rainbow will be in production in 2026
The analyst pointed out that while the demand for rare earths is softening in the short term, the anticipated oversupply would represent only a 3-4% excess over the overall demand. Despite the current challenges, the market is expected to adjust and tighten, potentially leading to a minor deficit by 2026. The delay in electrification trends is partially responsible for the oversupply, as industries dependent on rare earths adjust their production and project timelines.
According to Mining Journal's research, since 2020 more than 80% of the US government's nearly $2 billion publicly announced funding for critical mineral financing has gone to three minerals. #Rareearths, #graphite and #lithium. $589 million went to rare earths alone. πΈ
Rainbow is highlighted as one of the important companies receiving funding from the US government (U.S. International Development Finance Corporation) via our backers TechMet Ltd, showing the importance of investing in projects outside of China to develop independent and ethical #supplychains of #criticalminerals, and the poised position of Rainbow to become one of the only producers of all four separated magnet rare earth oxides (including Nd, Pr, Dy and Tb). π π
https://lnkd.in/gKwDjBss
The US gov't invested $589m in #rareearths projects, says
@MiningOnline
πΈ
Rainbow is highlighted as having received funding from @DFCgov via TechMet, demonstrating our strong position to be a producer of all 4 separated magnet RE oxides ex-China ππ
So nobody will be able to produce NdPr except the lowest cost producer and all our competition goes bust?
Result..
Where did you get 60%? the tax on minerals is 17% in Tanzania
I don't care what you think, you are an idiot.
Yes its a pilot plant.
More like $1.5 to $7 Kg
https://www.linkedin.com/pulse/price-future-how-much-does-liter-kilogram-hydrogen-rold%C3%A1n-garc%C3%ADa/
MREC/MRES Now.
Oxide by end of the month
George mentioned that he was in discussions to supply the US strategic Rare Earth Stockpile
>>accuracy levels associated with the BFS.
Except it's not verified by an independent Competent Person.
>>The document does exist and the figure is $3943.40.
Source: Trust Me Bro..
>>Dumbo, We have told you numerous times ~ Do your own Research
Provide one source of the OPEX of the MREC plant.
You cannot, it doesn't exist.
There is literally nothing about the feasibility of the proposed plant.
The presentation today doesn't even mention the production costs or income based on todays NdPr prices.
The document is entirely based on BS.
Sundrum:. Gakara was written off. End of.
>> have willingly put out a presentation which includes a verifiable lie in it.
Show me a lie?
Shall I list the laughable claims in PRE's lates presentation, starting with the projections of future NdPr price several times todays price, even though prices have been falling for 18months.
How about the talk of funding as it was a done deal, when it is nothing of the sort?
How about the omission of the word "Bridge" from the mention of the $15m loan?
Maybe because bridge loans are secured on fixed assets .. such as the mine and have a FCA definition of 12months maximum before repayment or can result in asset seizure?
Oh, dear, the PRE employees are having a tantrum today aren't they?
How about giving us a verifiable OPEX value, even something from PRE themselves would be a good enough. I know a PFS, DFS or the cancelled BFS is out of the question, because its a ... secret.
Maybe you could look at the at the PRE company presentation and tell me what the OPEX is ?
is that too much to ask?
Maybe you could throw in the NdPr price required for break even ?
Or would that highlight the the unprofitability of the project.
He's an ex-employee and friend of the ceo.
Obviously I didn't.
But I'd love to see your source of opex and explanation why you think its not in a company presentation.
It is there, however
What's your question on RBW its lost in translation.
I'm quoting from the pensana presentation, in the absence of any independent information such as a PFS.
https://pensana.co.uk/wp-content/uploads/2024/02/Corporate-Presentation-February-2024.pdf
That cost ignores interest and depreciation.
Production cost is 5000 per ton, MREC goes for 4500usd including vat in China.
https://www.metal.com/Concentrate