I read all your posts, thank you for them, they are impressive. I am not an expert but I thought I had known how it works until I read your posts. Now I am a bit confused. My simple logic is like below for T-North zone.
1. Resource volume = 105Kt 2. LREO = 8.9% = 9Kt
I supposed that during the mining campaign this year VML will take the whole volume 105 Kt out of the ground and put all the volume 105Kt to the sorter and extractor. At the end of the extraction VML will get 9Kt of various RE minerals included Cerium.
Let's assume that Cerium is sent to REEtec then VML will ship 2 Kt of REO included Cerium to Norway. REEtec will separate all the stuff 2Kt and at the end of separation REEtec will get roughly 1Kt of various types of RE minerals and 1Kt of Cerium. This 1Kt of various RE mineral will be sold to UK and later it will go to Germany to the final client. REEtec will get $42 USD per Kg = $42m USD per 1Kt of various types of minerals. This amount will be somehow divided between VML and REETec.
It seems to me for VML it can be more than just $8 USD per Kg for the RE feedstock.
Is this business model simple like this or am I missing something important? Because when I am reading all your tables and % I am totally lost and it does not match the information what I am getting from VML announcements. Sure I could be completely wrong I am not an expert.
BTW: Today it was nice ride, wasn't it? Soon common level for SP will be 5c.
VML Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
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