Antimony, page-268

Perpetua which has 67,000mt resource of antimony and 4.8 mn ounces of gold has market cap of CAD700m (AUD 770m). They are an early days EXPLORER and probably will take another 5 to 10 years before they produce anything. Perpetua is valued at almost 6x the MC of LRV.

https://ca.finance.yahoo.com/news/perpetua-resources-announces-second-quarter-212500728.html

In their Q2 2024 highlights, below is a snippet of some comments (relevant to LRV) by the CEO.

Perpetua Resources' progress in the second quarter of 2024 to advance the permitting and construction readiness for the Stibnite Gold Project was further complemented by the $1.8 billion letter of interest we received from the Export-Import Bank of the United States in April," said Jon Cherry, President and CEO of Perpetua Resources. "Stibnite is a world-class gold project with a strategic and valuable by-product in antimony, and we look forward to building on our momentum. We are excited about the important milestones ahead and continuing to unlock value for our stakeholders."

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Another excellent piece, this time in Financial Times. This is great as the China restrictions are now getting wider press coverage.

https://www.ft.com/content/390aff6a-1291-48b5-bd68-6de3519558b8

Key takeaway for me is there is only one way the pricing is heading - up up and up. There is no way the US can ignore this as defense sector is a significant part of the US economy.