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roblun

5,739 Posts.

2250

05/04/24

13:07

Post #: 73206449
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Originally posted by Scoota30: ↑

VMM are more than just a truck with a drill rig and soon enough they will have a MRE with potentially the highest grade & sized IAC deposit in the world, they also already have mining licences in place for some of their areas as well as clear and public support from the brazilian government. To be fair, I imagine this JV being signed now means that the refinery scoping study can progress at the same time as VMM's DFS for their MREC production so that when a FID is ready to be made to build the mine, the refinery hub can be built in tandem.

This deal now also means that when Tim is speaking to the supply chain, through the JV he has effectively doubled or even tripled the future REO throughput that can be offered. From the Crux interview Tim mentions that because the supply chain isn't in place at the moment, the supply coming online must be staged to meet the supply chain growth otherwise you end up with bottlenecks.

By doing this JV it basically cements IXR's place in the western supply chain more-so than it already was as of last week.

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I think this is The Crux Video, building the supply chain!

IXR Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $48.69M

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No.	Vol.	Price($)
16	7317175	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	9514604	18

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No.	Vol.	Price($)
16	7317175	0.009
48	12749801	0.008
35	15337214	0.007
23	14373332	0.006
33	11004083	0.005

Price($)	Vol.	No.
0.010	9514604	18
0.011	3332301	6
0.012	2449999	4
0.013	1863243	5
0.014	2278742	7

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