News out of US of huge Govt investment in Rare Earths mining, processing and magnet manufacture (read on S****head) should move the needle for Australian REs too. This company has got the goods, and more on the resource with exploration upside as the drills cover new ground should also move the SP. But the problem is the lack of urgency as perceived by the punters. And that's not to say big investors are not happy to accumulate without creating excitement. Well that's my view anyway - not advice, of course.
For us with a few bucks on the line, just remember the stuff is there, gravity concentration will work, eventually the road trains will start dragging it off to market. Trumpet has been blown for a floor under NbPr of US110/kg
Rare earths miners are hopeful of higher prices thanks to a US Government deal with California miner MP Materials
Floor price of US$110/kg for NdPr could drag ex-China rare earths prices higher
Developers and explorers want Australia to follow suit and provide floor pricing to build ex-China supply chain
AHK Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
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