Within the recent presentations from ASM, the KMP is the priority and rightly so, we need cash, otherwise in 12 - 18 months we will be raising $2m for wages at 20c, or selling our millions and millions of feedstock to pay wages, one or the other.
The funds from the cap raise, even if we spent 15% of that on feedstock, that would give us $20m in feedstock in total, we are not spending $20m on feedstock if the KMP wasnt the priority and we are not close to offtakes.
Dubbo needs a serious investor, as you say, the climate will not be favourable for this over the next couple of years but if huge company’s want a secure, stable supply of rare earth metals they will need to pay for it!
ASM Price at posting:
$1.70 Sentiment: Buy Disclosure: Held
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