I think we need to be a bit more patient. There will be plenty of contracts down the line, as the need for titanium is a constant. I have seen first hand a shortage of titanium in the market place, prices went thru the roof and lead times for supply were doubled. Now with the global spend on military equipment, and the building of airplanes, oil and gas exploration etc etc, something similar could be brewing. You cannot simple dig more titanium out of the ground to meet supply, the end product is controlled by factory capacity, by a handful of global producers who are not based in the USA. The fact Iperionx can delivery a titanium product and shortcut the production process at the same time, in the USA, is the X factor. Again, more time required before traction kicks in, we are on a BIG winner IMO.
IPX Price at posting:
$3.22 Sentiment: Buy Disclosure: Held
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