Member Info for SmartPunter

The company explicitly denied its in a RNS so why are you still going on about it.

or costs.

tony just leave him to it. posting random ****

You should look at the DFS. Cost of production (excluding finance) is $25/kg.

Income at current prices is $20/kg

Its not going to get funded.

Have you looked at the DFS cost of production versus the current market price?

It is lossmaking at current prices and that's ignoring finance and other costs.

All those purchases were by institutions hell bent on making 1p per share in the 6 weeks before receiving the check.

Depressing really, the board sold us out on the cheap.

My IRR was 10%. Not a disaster, but still.,

>>Fundamentals hadn’t changed

Tell me these fundamentals.

The activity is Market Making.

They don't pay commission.

*Colin Bird* CEO commented: “Galileo and JV partner Ferminore have been in discussions with various interested groups concerning the development of the Project.

Notorious Colin Bird..

Biden has added 25% duty to Chinese Rare Earths and 100% to cars.

This is a subsidy to non Chinese sources. Its already there.

"the only one with a reasonable prospect of going live is small-but-beautiful Phalaborwa;"

Lol

Https://treo.substack.com/p/magnet-maker-invests-in-oz-monazite

The devil lives in the detail.

First of all, where should the billions of dollars for enabling mining of these deposits come from? Any clever suggestions?

Then:

Angola’s Longonjo is a rare-earth-enriched thorium resource with a difficult mineralisation. There is no trace of the promised “bunkers” for the radioactive waste in the planning, only an open tailings storage. With governments of Angola, the UK and EU as well the IAEA turning a blind eye, Longonjo in Angola could become a potential repeat of the Bukit Merah catastrophe in Malaysia. But we expect an exit of the operator anyway.

South Africa’s Glenover has been around for ages and nothing ever happened, the Steenkampskraal mine is so hot (for Benchmark: this is lingo for high levels of radiation) that crews - if there were any - could only spend very limited time working there, Zandkopsdrift is and remains dormant, the only one with a reasonable prospect of going live is small-but-beautiful Phalaborwa;

Malawi (Mulanje, Machinga, Kangankunde, Milenje Hills, Nkalonje Hill, Songwe Hill, Nanthache Hill) on paper there is only Lindian’s Kangankunde whose feasibility assumptions look reasonable (chapeau to Project Blue). Infrastructure is a substantial challenge. Songwe Hill’s PEA is a disaster and a prime example why rare earth projects fail;

Uganda’s Nankoma is dormant and Makuutu is ion adsorption clay (IAC) on Uganda’s comparatively rather shallow groundwater table. In-situ leaching of the deposit with ammonium sulphate solution will not only poison the groundwater. Similar to China’s Bayan Obo problem with polluted radioactive groundwater assumed to be seeping slowly towards the Yellow River, northern China’s prime water resource, Lake Victoria, one of Africa’s main water resources, could be at risk from in-situ leaching of IAC in Makuutu. Alternative tank-leaching will kill the project commercially.

Wigu Hill in Tanzania has been under international arbitration for quite a while. Vital Metals will only be able to own it should Montero win in arbitration against Tanzania and if Montero stick to the original deal. And if Vital Metals should be successful in taking the shortcut in Tanzania, it will be its Chinese shareholder who will finance and control everything going forward. Overall zero potential of supplies to EU.

The Rare Earth Observer

Upgrade

Magnet Maker invests in OZ Monazite Dud; Rainbow clarify; Greenland Eudialyte Hype; Stereotypes & FUD in Media; Russia in new Rare Earth Push; Italy eases Mining Regulations; Hope for better prices?

Rare Earths 17 July 2024 #152

JUL 17, 2024

∙ PAID

There can be no excess capacity in low-carbon alternative energy products in a world afflicted with the existential climate change that we are experiencing.

Stephen Roach (former chairman of Morgan Stanley Asia)

Rainbow clarify

Regarding our post Pilot Plant Update of Rainbow, which in our view was hardly comprehensible, Rainbow sent us the following clarification:

We noted your commentary about Rainbow Rare Earths’ recoveries at Phalaborwa in the most recent edition and wanted to provide you with the following clarification:

As announced on 19 June 2024, the overall recovery of rare earths achieved at the primary pilot plant at Mintek in Johannesburg was 66%, versus the 65% used in the PEA.

The 66% was made up as follows:Therefore, the total rare earths recovery is 66% via the two leaches and the two CIX circuits feeding to the combined CIC circuit.

A significant 15% of the rare earths from the phosphogypsum feed is leached in the impurity leach circuit, which can otherwise be thought of as a pre-leach with upfront rare earth recovery and impurity control functionality. This represents 23% of the recoverable rare earths (i.e. from the total of 66% recoverable). This is extracted from the impurity leach bleed via a newly introduced continuous ion exchange (“CIX”) circuit, the eluate from which can progress to the downstream continuous ion chromatography (“CIC”).

The remaining 51% of the recoverable rare earths from the phosphogypsum feed is leached in the rare earth leach circuit. The pregnant leach solution from the rare earth leach is processed via precipitation, strong acid bake and water leach. The water leach solution feeds the original CIX ahead of the CIC.

I hope this clarifies matters, but please let me know if you have any follow-up questions.

Even this we needed to read twice for comprehension.

As a matter of principle we publish official responses to our contents, in case Rainbow had any doubts.

Communist mindset: BRICS countries control their resources.

Which Army were you in ReeTech?

Russia has a bit of REE in PG, but not sure about the others.

Brazils phosphoregypsum is mostly owned by Mosaic, and they are signed up with RBW.

RBW get 25% more for the NdPr because its sold in USA.

RBW have very low cost sulphuric acid from an adjacent copper mine.

Copper, unlike nickel, is in very high demand with few new projects in development.

Another positive message for RBW with its very low reagent use.

Which countries army?

I'm pretty sceptical about the Chinese Bot stuff.

But REE looks the real thing. Quite a positive thing.

Most his stories are pro -RBW business case and he's too dumb to realise.

Nutjobs.

The war will not end because Trump says so.

"The regulations, issued by the State Council or cabinet on Saturday, say rare earth resources belong to the state, and that the government will oversee the development of the industry around rare earths "