IXR 0.00% 1.0¢ ionic rare earths limited

Big Deal, the Dirt is still in the ground, They forgot to add a...

  1. 5,857 Posts.
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    Big Deal, the Dirt is still in the ground, They forgot to add a pool and a cocktail bar with Palm trees for the high paid BoD, I see there's No Plant to process the ore, you realise that's missing! Still No Refinery at Saltend, still empty lot!

    https://hotcopper.com.au/data/attachments/6441/6441669-4f389e21b0a79015a89c8b8dc1255ff0.jpg
    https://hotcopper.com.au/data/attachments/6441/6441677-7e9cffc762cb151bd0fb6567d2cfc702.jpg

    https://hotcopper.com.au/data/attachments/6441/6441670-05aeb257842d1948d3a59d42a3b0e66c.jpg
    and can only make a profit when REE prices are way $100/kg USD, $220M USD, that always blows out

    At the moment $50/kg USD not profitable, suppose to be producing 12,500t of REO by 2026, I doubt it

    Good luck to them, I hope they succeed,

 
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