The SP continues to fall ....
Now an MOU with NEO well in my mind having a 20% stake would give you some iinfluance and say, however Estonia is at least 13000 km by ship if not a bit more. Makes it an expensive way to process....product for Europe
I did think at the time it was a good lock in for the future given HAS has been promoting itself as the next big project to Lynas....
Now for me final processing is critical in the pathway for secure supply given China's current position. Was it such a good idea then getting a 20% stake in NEO versus focusiing on future processing planning in Australia with just a MOU with NEO on that final part of getting finished saleable product.Neo has a global platform that includes ten manufacturing facilities located in Canada, China, Estonia, Germany, Thailand, the United Kingdom, and the United States, as well as a dedicated research and development centre in Singapore.
Now I am aware that HAS also has MOU's in place with some European end users so processing in Estonia would be closer but not economical IMO
My initial thoughts on the 20% stake when it was announced that NEO may be looking at processing in Australia given the REE potential in collaboration with HAS but that does seem to be the case at present.
NEO also have a mine in Greenland which they intend to sent the product to Estonia for processing that's a distance of 3000 KM. Of course that if Greenland gets some form of mining off the ground..
The current news release gives no confidence for the current situation of sinking SP
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- Ann: Hastings Signs Non Binding Heads of Agreement with NEO
Ann: Hastings Signs Non Binding Heads of Agreement with NEO, page-4
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