Hi All,
To add my opinion into the discussion I thought the recent presentation fairly well outlines the intent of the seren technology.
Essentially, with the mine and the seperation/refinery IXR ticked the first 3 boxes.
What IXR is suggesting with the Seren technology is it allows them to have the technology to break it down into any of the highlighted. It also allows for IXR to use the technology the other way around. (But reading between the lines this isn't an immediate outcome just something they plan to establish.) See highlighted commentary bottom right.
View attachment 4158479Magnet recycling to product REO's.
Near term magnet REO production. (That sounds alot like making magnets)
Additionally, see below which talks more about the magnet recycling. Here's it's really calling out ability to sell REO's at 99.9% purity notably it talks as early as 2023... prior to makuutu and the refinery. Bit of a hoeny hole the market has probably missed.
View attachment 4158485They talk here about a vision of looking to make the magnets used in EV, wind and turbines etc and then expand.
View attachment 4158488So in my view, the shortest term application of the technology is in recycling and then being able to sell the REO as pure refined/separated products as early as 2023.
But the longer term strategy is that they'll have a mine and a refinery supplementing this supply of REO's from recycling. All the while, building towards commercialising the magnet making step to which they have now all the other parts required leading up to that part.
IMV it very much looks like IXR intends to be full mine to magnet. The serentech brings forward potential for near term revenues from recycling but IMHO reading the announcements it stands to reason that the technology to recycle and split is the similar science going the other way but probably IMO will look to partner somewhere else on that front. I.e. someone who makes magnets.
I think the full picture will be put together in 2022 and it's when that picture is clear with revenues on REO from recycling as early as 2023 and by then a funded mine generating very good profits and a FS delineating our sep/refinery that it's will start to be as attractive as some of us see it now.
Big year for IXR.
SF2TH
(20min delay)