REMX down 65% ASM down 90% LYC down 50% MP down 80% NdPr down 80%
Personally, I think Rowena is doing what she set out to do in a challenging market, if metal prices where up and interest rates lower, which I’m anticipating in the next few years, I think the ASM story would be more impressive.
In regards to the quality of the ore body, why not email Rowena and ask her, I’m sure you’d get a response.
You seem well versed on metals with your background in metal imports etc, her reply might shed some light on how they intend to solve the imbalances you highlighted. Maybe she’ll explain why Hyundai aren’t continuing with the project also, but the source of old funding and new funding probably explains that in itself.
I look forward to the next announcement regarding off take agreements, one from Europe, and one from Korea was mentioned I think, one a developing business, which she said ASM would grow with. She noted that the challenges are to integrate the mine to magnet supply chain properly, so it’s possible to compete with china. I think she’ll achieve that, and more in the next 5 years.
lucky you having so much money to invest, I am envious.
ASM Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
(20min delay)