If I was a government official charged with providing funds ( i mean in $hundreds of millions) to selected companies to compete with China on the REE space, I would regard BCM a top priority Why? 1) Max bang for buck because of low capex . 3) It would be competitive under all scenarios of REE pricing (as affected by Chinese Govt policies). Effectively could compete with China without further govt support. 3) It is located in a sophisticated mining jurisdiction. 4) Its listed in Australia where laws are tough re REE takeovers by Chinese funds. 5) Project will begin early. 7) There will be no prohibitions re selling to Western Governments.
I would be surprised if CEO has not advanced such discussions.
BCM Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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