Member Info for SmartPunter

>>plant would be 2x Phalaborwa

Corrected

The second and subsequent projects will be self funded/no n dilution loans.

It's quite possible the first project will be, with IRA and local state grants.

I'll wait for the PEA and independent broker estimates (very conservative btw), but 200% on top of previous 42p target I guess.

For 30 year LoM to consume the stack and catch up with production the plant would be 3x Phalaborwa, plus 25% higher NdPr production

Contains 260% of the Magnet metals of Phalaborwa.

Est NAV $2.3 billion

Stack is twice as big and growing by 2milion tpa.

Https://phys.org/news/2023-08-evidence-mcdermitt-caldera-largest-lithium.amp

2.9p interim dividend.

Profit up debt down.

Wasn't there a mention of a US listing?

TRR is on course to be a stonking investment

Yes there will be 15% dividends in a year or two, based on the then Share Price.

Pretty much guaranteed jam tomorrow for peanuts today.

Negotiations for incentives fro. US states.

First oxide beginning Nov

DFS end 1st quarter 2024

You are too thick to understand simple maths.

The price and relative contents is unknown and irrelevant

The price is determined by the TREO of the sulphate.

It's got 60% payability.

There will be 1900 tpa of NdPr .

1900 x $90000 x 0.6 =$103m us about 15% for the minor RE's. $120m total

You are so thick you cannot work out how to reply to your own thread, what use is a chemical analysis going to be to you?

Next steps:

99.5% pure oxide by 2023 q4 in USA.

Production site determined.

Offtake agreement for gypsum by product soon.

Offtake agreements for RE oxide and pre payment to fund capex.

US gov funding /loan guarantee

Lab results, drill cores, flow sheet from Brazil site

Pilot production on Brazil phosphogypsum.

Under promising and over delivering. Nice.

"This achievement not only de-risks Phalaborwa, it also opens up exciting opportunities for the company to apply the proprietary technology to other similar phosphogypsum resources globally, including at the Mosaic Uberaba stack in Brazil.

Comment: RBW is perhaps one of the few mining plays where events appear to have happened rather more quickly than many in the market may have been expecting. Certainly, today’s news should be a follow on driver for the recent rebound in the stock price."

https://www.share-talk.com/rns-hotlist-with-zak-mir-gmet-rbd-rbw-cel-men-kefi-atm-getb-luce-88e/

Berenberg view: This is a milestone announcement for Rainbow and proves the concept that a marketable rare earth sulphate product can be generated from Phalaborwa (and therefore proving the concept to be rolled out to other opportunities, such as the Uberaba phosphogypsum stack in Brazil, which is a joint venture with Mosaic). In our view, this de-risks the project significantly and also allows Rainbow to explore whether phasing production (first a rare earth sulphate, then a separated rare earth oxide) is a sensible, lower-risk (project and financial) option than the initial plan to build a full separated rare earth pilot plant in South Africa, particularly as the sulphate product could generate early revenues to financially de-risk the funding of the back end. We also think that a back-end process plant to produce separated rare earth oxides in the US (an option being considered) offers an attractive geopolitical angle given efforts to reduce China's dominance in the rare earth value chain. We expect the shares to materially rally on the news, and further re-rate from the current risked P/NAV of 0.38x.? Valuation: We value Rainbow at 1.0x our risked NAV, generating a price target of GBp43 and supporting our Buy rating. Our price target offers 160% upside.

Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://sprott.com/media/6290/230320-rbw-scp-mre.pdf&ved=2ahUKEwjgxLWBhpOBAxXNQkEAHdtJCtIQFnoECBEQAQ&usg=AOvVaw3RRVzhrZfb5tvXKIhDMLuj

Try that

Tony

Sprott independent research from March, their heat maps of the multi variable inputs of cost/price effects are more useful than simple figures.

https://sprott.com/media/6290/230320-rbw-scp-mre.pdf&ved=2ahUKEwjgxLWBhpOBAxXNQkEAHdtJCtIQFnoECBEQAQ&usg=AOvVaw3RRVzhrZfb5tvXKIhDMLuj

Question, do RBW go cheap and easy and sell the sulphate now and fund the pure metal production and the Brazilian plant?

Or do they ask US gov to help fund the entire supply chain?