I think we all agree,they’ll be a lot of REE projects that will be unviable going forward ,so they’ll be a culling out so to speak in future producers we also know that REE demand will grow in the next 5 years,yes a little longer to go,we must all be patient,stay strong old chap,they’re are good producing companies currently 50-70% down,MinRes is one such company and have shelved dividends this year after being one of the best growth and dividend paying companies for the past 5,7 years,the state is playing games with Iron Ore also not to mention other materials,and technology (TSCM,chips etc) we also have been told MEI is viable at even these low prices,we are told MEI will be the lowest cost producer on the planet,we also know via the horses mouth that China is shaking the price tree even the branches are falling off,they could even be responsible for MEI price action and have been for a long time,but how long can this continue? The state to stay on top are loosing money at these price levels,the wheel will turn in our favour eventually but they are experts at squeezing the life out of companies threatening their world dominance.Beat them at their own game and be patient.
Dyor please….
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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