PEK Share Price, page-166

It's unfortunate when these threads are used to hassel one anothers stock choices, best to put any nuisance on ignore and carry on with productive communication. All the best over on Ionic, i'm sure we will all do very well.

Regarding the current REE price fluctuations,
As we are not projected to be selling first concentrate until September 2025 today's price is of little consequence.

With Shenghe lining up funding and binding offtake agreements our market looks to be very secure, our profit margins will ebb and flow when that time comes as is always the case.

With Shenghe's expertise in the field we will have the best input in refining our entire process over the early period of the agreement, hopefully the full 7 years with 100% offtake guaranteed.

A couple more points from the report;

Shenghe may bring substantial upside

• Significant improvements in operations at Mountain Pass over the past decade

suggest MP Materials has benefited hugely from technical input from Shenghe

• In October 2022, Shenghe and Peak signed a non-binding MOU that provides

for technical input

• If Peak achieves half the improvement in recoveries witnessed at Mountain Pass

it could boost the Base Case post-tax NPV8 by 37% to US$2.0bn

• . Shenghe is expected to purchase 75% to 100% of production from Ngualla

over an initial period of 7 years, and based on arms-length market based pricing.

• Shenghe Resources Holding is a world leader in rare earths with vast experience in the processing of bastnaesite mineralisation
  and metals production.
• Shenghe is the largest importer of rare earth concentrate into
  China, and was part of the consortium that acquired Mountain Pass out of bankruptcy in
  2017, funding the restart with prepaid offtake, and offering technical assistance.
• Shenghe has been the sole off-taker of rare earth concentrate from MP Materials.
  
• With MP Materials now moving further downstream into the production of NdPr oxide and permanent magnets, Peak represents a perfect replacement source of supply for Shenghe.

Peak is very fortunate to have the backing of a company of such magnitude and expertise in this highly specific field.