Shenghe are after Tanzania.There earning in...paying drilling costs.
I'm sure VML are aware of the implications of our new shareholder...I hope so xxxxxx
Technically VML doesn't even own that deposit. Have a look in the annual report.
If Shenghe does a offtake with VML ,it will look good on paper ,but the contract condition are very tuff.
Just enough to keep the company on life support. Probably make the old J/V look quite good.
Not many companies make money selling rare earth concentrate.
What we need is more separation and refining plants in the west.
I think there is only 2, Lynas and Radius.
We all must think good thought from now on. So when new readers come on .....
Ann: Vital Drilling at Tardiff Returns up to 5.4% TREO, page-12
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