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clock Created with Sketch. 26/06/24
04:55
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Originally posted by MZA:
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There is a train of thought which may hold some validity that REE projects are following the same pathway as Li has in recent times - in that suddenly the sector has become so crowded it has resulted in a fairly heavy loss in value of its main participants - underpinned by forecast potential supply / demand ratio imbalance...you look at ARU, ASM, HAS, MEI & VMM to name a few....it's questionable unless there is a strong shift in sentiment how many of these will progress to financing & ultimate production in the current landscape. Time will tell.
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I will add that the Aratapira project is definitely a Nb prospect as well as a REE. They speak to the proximity and geology to CBMM world class Nb mine it's ~4ks to the north. In the announcement they have a picture of a sampling bag so we could get an update any day from this area.
(20min delay)