Thread title "World's next REO producer" - Taken from: Vital Metals Limited, Investor Presentation (06/05/20)
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It looks like the team here has improved as of late,
-We're looking at 2 World Class REO Projects
-High Grade Resources
-Good metallurgy
-Good cash balance (~$3.494M From Last Qtrly Cashflow Report)
-They've confidentally mentioned they're "Targeting to be the Largest Independent Supplier of Clean Mixed Rare Earth Feedstock outside of China"
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Why is Feedstock outside of China?
-Well simple google search will help you understand the importance of it in my opinion
-"China accounts for over 95% of the world's production of rare earths"
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Several months back when Trump/USA were having trade talks with China.
-In my opinion they've realised how vulnerable they are interms of resources
-These resources extend to more than just Rare-Earths, Look up Uranium etc...
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You ask what relevance do those articles 5-8months old have...
-Well in that time it's only gotten worse and people are even more upset at China (My interpretation only)
-That just make's people want to deal less with them, they're not taking the weakness of supply chains very seriously in my opinion after all this.
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New headlines constantly to the point where i can't keep up with them all
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But back to the stock, what alot of people are underlooking in my opinion is that Off-Take's could come anyday now, Massive speculation but it's warranted from what i can see.
-Taken from January
-Talks with multiple refiners?
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I think this is a great project, lot's of potential to be had...
-Tier 1 Mining Jurisdiction
-Nechalacho project has received support from local communities
-Nice looking CAPEX (Completed DFS 2013 - CAD $1.6B Capex) [Taken from Presentation]
--100km from Yellowknife
--40person camp with airstrip
--Great Slave Lake Access highway
--Ice Road winter
--Barge Acess in summer
Let's see how these off-takes go, could get very interesting moving forward... Perfect timing for everything to come now in my opinion.
Note:
This is all my opinion only, purely speculation and my interpretation only. Therefore NOT financial advice. Goodluck all. Do your own research.
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