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18:54
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Originally posted by 2ic:
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Proble is everything in the RE Magnet supply train needs subsidising against China's technalogical, industrial, economies of scale and generally much lower operating costs in downstream production. RE mine feed concentrate or even MREC is not the bottleneck or real issue. china requires and is happy to do offtakes for RE feed imports, and there are huge number of large, long life RE deposits that can provide relatively low cost RE feed (some cheaper than others obviously). Not just lots of LT RE deposits to match potential demand growth forecasts, but larger the scale of annual mining rates the lower the unit cost for those deposits...
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Thanks for all the informative posts and research, this is surely on a wing and a prayer and there is no chance of a white knight Australian taxpayer rescue to simply provide China downstream with loss making oversupply feed. Twiggy has completely lost the plot here and will take a substantial bath, as the asset won't be allowed to be vended to China. I have never seen such a top-heavy board and senior management for an uneconomic 20% constructed pipe-dream and their metal price assumptions are just not realistic.
(20min delay)