This chart in today's Macquarie presentation surprised me:
Historically, Iluka’s revenue has been derived primarily from its mineral sands business The company’s future potential revenue mix is strongly weighted to rare earths
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Revenues do not equal profits, of course, yet ILU is forecasting them to double as it becomes the largest global supplier of NdPr concentrate.
Future demand for NdPr is a matter of physics: the electrical revolution demands efficient electric motors and generators on an unprecedented scale.
TO'L & team are putting up $US200m and the tailihgs while the Australian government contribute a non-recourse $A1200m loan.
Really, really good work.
Ash
News: ILU FOCUS-Mine waste finds new life as source of rare earths, page-10
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Last
$6.37 |
Change
0.050(0.79%) |
Mkt cap ! $2.727B | |||
| Open | High | Low | Value | Volume |
| $6.38 | $6.44 | $6.24 | $9.414M | 1.478M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3329 | $6.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.38 | 7064 | 2 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| ILU (ASX) Chart |