Juniors all running with the ILU bulls this morning... whocouldanode the government would help fund Eneabba RE plant and ILU would approve the plant build lols. Everyone should have. ILU share price has outperformed ever since the iron ore royalty spin out on just such a well flagged expectation, been mentioned by JR before numerous times and he is reminding the market of a piggy back again obviously.
I'm not going to re-hash my views on selling a Cummins con to ILU this morning, but I will have a giggle at the ICD RE players also running on the news. ICD deposits are leached into a mixed RE-carbonate, which is the exact same product ILU's $1.25B monazite cracking plant is designed to sell. I'm assuming every RE player is thinking they will get a huge gob of government support money which will make them a fortune, something i would have scoffed at few years ago but which may be on the cards in this new 'command-control' non free-market economic future?
Don't think about it too much and enjoy the enthusiasm while it lasts I say...
Good luck
REE Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
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