A report from AFP over the weekend reveals that Malaysian protesters rallied against plans to open a rare earth processing plant in an eastern resort town saying they fear it will harm the environment. Thousands attended the sunrise gathering at a seaside park in Kuantan to oppose plans by Australian miner Lynas Corp to open the plant near the town in eastern Pahang state, said activist Tan Bun Teet. The Lynas Advanced Materials Plant (LAMP) was scheduled to start processing rare earths imported from Australia in the third quarter of this year. However in June, Malaysia said Lynas must comply with safety recommendations made by an international atomic energy panel before it can operate its rare earth plant. Lynas has pledged to meet all recommendations.
Lynas can pledge all they want, but China isn't messing around in tightening exports dramatically, and at the end of the day UCORE is on our turf (US), has the infrastructure in place, is loacated in an area primed for mining with no wildlife restrictions or indigenous population top worry about, extremely close to a up and running seaport, is loaded with the HREE's (the ones that are in short supply and high demand), and they have the Alaskan governemnt pushing hard to get this company fast tracked to pulling these minerals out of the ground. ohh yea almost forgot, the phase 1 metallurgical results were absolutely phenomenal. im guessing that multiple companies are sitting with itchy trigger fingers just waiting for the phase 2 results to be even half way decent so they can scoop up UCoRE and the gold mine they are sitting on. who knows what can happen then, a bidding war is certainly possible.
If this isnt by far the most undervalued stock in the entire marketplace, please tell me what your lookin at. Good Luck everyone
Do not know much about Byron King. Jack Lifton besides working for TMR consults with state of Alaska. I went over tapes of resent presentation put up by Ucore. Jack talks extensively about how many jobs could be created refining alloys from REO. How professional people would love to move to this area. Not once does he say anything about economics of refining REO from Brokan ore. If you read comments he has made about GWMs Steen mine it is all about ore grade. He lists GWM as a holding not Brokan. Yes Jack said many positive things at the conference. Examine carefully for what he does not say.
Hands down Bokan has the best HREE to LREE ratio in the world. Last week they released results that said that 90% of the REO was recoverable in the lab with sulfuric acid. However the ore grade is one of the worse in the world AT .746%. They have to move, cook, treat and store 131 KG of acid saturated rock to yield one KG of REO. Everything I have read is that Ore Grades below 2% are not economically recoverable at today’s prices. That at 2010 prices you need 4% REO ore. Can anybody supply a link that says what the COGS is for Ucore to recover a KG of REO from this site. Or any link that says 1% reo is economically recoverable. I am sure at today’s prices it may be possible but will the sudden spike last. Do you make plans based on a price spike or long term prices?
that has definitely been a concern of mine too, and was wondering as well why it doesnt seem to be much of a concern for experts covering the industry and UCORE specifically. i feel like byron king or jack lifton, or at least one geologist/REE expert would bash Bokan bc of the ore grade, but not a one has, and they continue to say what a gold mine this could potentially be. at the end of the day, they know significantly more than probably any of us, so it doesnt make me lose sleep, but very curious