Makuutu will be in tank leaching, as opposed to the crudeness of in situ leaching which has been loosely described by some, as
pouring acid down a hill, as has been reported in China.
As for its viability, if they tune the leaching to improve and recoveries for the heavies, we stand a chance of viability, in conjunction with
Belfast's tech, and its output.
And this is where the independant supply chains come in that we and LCM are trying to create, especially if these supply chains lead us to
BAe systems, Northrop Grumman or Lockheed Martin.
The defence angle, is one we probably pay the least attention too, which could be the most lucrative....by far
Instead, we obsess about the depressed Chinese spot market, which has many believing there is no chance, and no future.
Moves are afoot and things are happening for western supply chains to decouple from China.
And time is running out for western military complexes to secure something meaningful before China nationalises, and time is running out for the incumbents like us, who have limited capital to make it to commercial production.
It's coming to head.
As I have said before, it is time for the EU and the US to start putting their money where their mouth is and to accelerate this process.
It has started, but IXR and many others, have a limited runway and limited time, before their capital runs out and the markets give up on the rare earth space.
These depressed markets sap sentiment and kill funding.
The team knows this and should be pushing very hard to get something done.
As some have mentioned, a CR soon would be disastrous, and Tim would be highly aware of this.
The capex should be steadily decreasing and be lower this quarter, giving our 5M a greater chance of sustaining us through the year..
I will not be expecting any miracles in this quarterly, but will be looking for a reduction in the cash burn.
So, the pressure is on, and the boys know it.
This back end of 2024, is their chance to get some cash coming in the door, and start to set this company up for a solid future.
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Mkt cap ! $34.08M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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52 | 13633161 | 0.7¢ |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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30 | 15367178 | 0.006 |
21 | 12519001 | 0.005 |
9 | 9173770 | 0.004 |
5 | 7932333 | 0.003 |
Price($) | Vol. | No. |
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0.008 | 5433226 | 10 |
0.009 | 5739646 | 13 |
0.010 | 13640454 | 20 |
0.011 | 3318487 | 6 |
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