PEK 2.63% 18.5¢ peak rare earths limited

don't write off lree's, page-48

  1. 6,604 Posts.
    lightbulb Created with Sketch. 2852
    Yep Happy, and who knows whats to be invented in the nearish future. We know technological development is exponential.

    10 years ago we had no iphones, even ipods were on the cusp, electric and hybrid cars were largely a thing or the future, wind generation was probobly at 3 percent of current, photovoltaic had not even started, TVs were still those big boxy things (with a flat screen) now the op shop wont take them.

    Frictionless rail, frictionless tram networks,all electric cars, whole wall flat (and thin) TVs all this is coming. Better photovoltaic that powers whole homes, electric boats, electric ships all very much quickly evolving technology. And thats all REE hungry and stuff I know about. Imagine what the boffins are dreaming up behind the scenes.

    There will be demand for REEs and it will be growing, if the price of the minerals grows or not is highly irrelevant to PEK. For large scale deposit holders its the big tonnage low cost producers that prevail. It all just takes time.

    Tretch
 
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