With respect - No!
REE concentrate is worth nothing unless it's processed, and we can't process it here! China can and is paying a pittance for concentrate as it holds all the cards.
Look at VML, which sadly I own. It has tonnes and tonnes of REE concentrate bagged but would lose money to have it processed. So it is in voluntary suspension even though it has massive REE deposit and a mining capacity!!!!
LYC has a processing plant in malaysia as well as using China and its Sp has fallen from $9.50 to $6.90 this year.
IXR has gone from 4c to 2.5 c this year.
MEK has gold! POG is high. Very high. AND, we can sell it if we mine it! Unlike Ree's.
Leave the REE's in the ground and move to mining gold. No diversion of expenditure.
Rear Earths, page-2
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Last
3.4¢ |
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Mkt cap ! $41.98M | |||
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| Last trade - 11.19am 13/06/2024 (20 minute delay) ? |
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Last
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Change
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