RE: Oversold27 Aug 2021 10:58
Some facts;
Dumbpunter you lost £31,500 profit that you had on HE1 and was building a loss at the close yesterday so lecturing others when some humility may be in order is something to privately consider. Secondly your repetitive and everybody knows your views and going on about it makes no difference.
China, stop going on about Rainbow rare. The Burundi asset was rich in some of its ore but not in quantity. Rainbow rare was just 4p when it did not have its South Africa asset. As the share went to 20p, Burundi asset was no more than 6p in value. The true value of the South Africa asset, and it will be proved in the autumn is likely to be over 20p share price. Rainbow is undervalued.
Getting back to Pensana, we know that Cerium depletion is going on at the Angola mine to give 36% NDPr concentrate and it appears thorium and uranium are removed as well. This gives a clean UK source at Saltend. We know all the rare earth companies have an Opex of around $22-28/kg. We know the long term prices are going up 5% or so a year and that no matter how you look at the NRR rate in a non-peak price market situation is at least 28-30% and tht is attractive enough to get funds. The difference in the DFS between all these rare earth companies are not a lot where cracking is involved and they all affected if China dumps on the market and the West does not protect its supply lines through corrective tariffs. These measures also need Japan, France and Germany playing ball and at least two of them may be in check by the EU if they do what they say they might do. I think many of us are getting frustrated by Western politicians who talk a lot but do not deliver what they say. Lynas also deals with Japan in any case, but if they are adversely affected it rolls over on the others. Time to end childish spats. My little telling off is over.
Tony
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