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58.5¢ australian strategic materials limited

Ann: ASM signs Agreement with Chungcheongbuk Province and VTRE, page-9

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Danielwhiterun

1,325 Posts.

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16/12/22

09:11

Post #: 65335973
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Originally posted by Lee86: ↑

Quick comments

This a great step in the right direction, VTRE and South Korea are serious on supplying a secure rare earth metals chain and we are a crucial part of that, i like the part about ' building a Global rare earth supply chain ' ...........future metal plants.............?

We already have $16m in feedstock we purchased in the last quarterly plus another $15m AUD from VTRE in 2023, that is enough to get the KMP running at a small scale, what did ASM say was the breakeven tonnes per year for the KMP to run at 600t?800t?
Are we at breakeven point with the KMP if we process the feedstock we already purchased combined with the VTRE feedstock?

So, the KMP is most likely on track to break even once we have the physical feedstock and metals sales agreements........

I wouldn't be surprised if we secure another feedstock supplier shortly, VTRE have to develop there mine first to ensure they have the capacity to supply oxides over the next 5 years, but who's to say they don't already have the capacity to supply the feedstock for 2023 already..............

SALES AGREEMENTS - WE ARE VERY CLOSE I THINK........................................

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I believe they can already supply but are commiting to expanding supply if necessary

ASM Price at posting: $1.52 Sentiment: Hold Disclosure: Held
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Last 58.5¢		Change 0.000(0.00%)		Mkt cap ! $106.0M

Open	High	Low	Value	Volume
60.0¢	61.5¢	58.0¢	$79.38K	134.1K

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No.	Vol.	Price($)
1	2619	58.5¢

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Price($)	Vol.	No.
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