No promotion, there is plenty of evidence around, all your doing...

No promotion, there is plenty of evidence around, all your doing is creating doubt like always. You will have to wait for the Official FS to come out like the rest, FS will be out this 3rdQ, Yes we have had Handouts/Funds before because the UK/NI Gov believes in our Technology and so does LCM, FORD and most likely many many more!

1. The UKGov so far has given $3.0M AUD to Build a Full Scale Demonstration Plant, Now Producing High Purity Separated REO 24/7 using 30,000kg of EOL PM and producing 10,000kg of HPS REO, Now proven that Ionic Technologies can produce and Now being Tested in Magnets by LCM and FORD

2. Another $1.5M AUD Direct Cash Funding, another strong Commitment from the UKGov for the Demo Plant

3. UKGov Funded $2.0M AUD towards the Partnership towards IXR, LCM, FORD to deliver a first domestic Rare Earth Supply Chain

4. UKGov Funded $2.0M AUD for the Feasibility Study for the Commercial Plant construction and supply-side dynamics with collaboration with the British Geological Survey to

So your telling me that the UKGov has basically thrown away Nearly $9.0M AUD, I think the new Government will need to investigate why TAX payers money is being wasted

Actually there is enough information out there to workout how much a plant would make at these Manipulated Chinese prices, only thing we don't have is the construction costs for the Demonstration Plant.

I have made calculations before, Demo Plant can make money.











Some Assumption thus far



OPEX ~ $25/kg CAPEX ~60M, processing to produce 400,000kg of Total Rare Earth Oxides

So at the Chinese Manipulated Prices after costs 1 plant can make $20M USD in 12months at these rock bottom prices, during the height of Rare Earth Prices the plant can make up to 3x that amount $60-70M USD and that's one plant, I'm sure the pricing will be a premium for OEM


Maybe some of the whingers here, can make some calculations and verify these figures and we can have a real discussion. for me the lights are still on!



Great Summary with what is happening now