When the project was under the ALK umbrella they had plenty of offers on the table to start mining over the years... the catch being the customers wanted ALK to match Chinese prices. ALK management have an established track record for not selling cheap.
If you think the SK consortium are a bunch of 'nobodies' then you have to ask the question how come the highest SK government officials are 'rubbing shoulders' with them. Those "korean consortium of three no-name randoms" are stumping up US$250M to buy 20%of the deposit... and have some loose change left over to build a set of new magnet factories in SK.
ASM Price at posting:
$6.44 Sentiment: Hold Disclosure: Held
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