LYC 1.16% $6.95 lynas rare earths limited

Rainbow rare earths 60% grades?

  1. 108 Posts.
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    Quick question: Anybody has infos about RBW?
    Here is the latest presentation.

    http://rainbowrareearths.com/wp-content/uploads/2018/02/Interims-Presentation-19.02.18.pdf

    They only do concentrate but in super high grades - 60%. Is this even possible? Looks legit so far since they have a contract with thyssenkrupp and executed already their first shipping (whatever this means) in December. They delivered but i can not find anything on public boards about them. They seem to be kinda under the radar, maybe because they are on a exotic sub London exchange. I guess the Q1 will be essential for their valuation since they should have sold some of their concentrate by then (The first shipping made around 170k - another 2 were planned for Jan).
 
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