The really simple view of this is that Mat James is acknowledging LYC expects to be buying 5000 tonnes of REE PER YEAR from FRG in 5 years time.
At a current Crown basket of roughly $200 that's a billion a year in revenue.
What reason is there that LYC can't develop this deposit itself?
Since when is a billion a year in revenue in 5 years time worth 20 million today?
I would like to buy 200 thousand worth of that future revenue stream. That would earn me TEN million a year of FRG revenue.
Does anyone think Nick or Mat will accommodate my request?
What a joke these people are, this is yet another insult to the intelligence of every single shareholder that isn't a beneficiary of this theft!
chat with matthew james, page-26
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