Yep............this could be the start of a bunch of 're-positioning/jockeying' by bigger players looking to capitalize on the NdPr wave that should build along with uptake of EVs ........the proposed LYC T.O is an interesting development for all REE players I would think. Brings attention to the space at the very least.
Hard to say if it'll have much of an effect on PM8 but looking good right now at least..........
"Pensana Metals, Chief Operating Officer Dave Hammond commented:
“The development concept is very straight forward. We are looking at a low capital cost, shallow open pit and flotation operation producing a high‐grade concentrate for export to China via the adjacent major rail and port infrastructure".
"The Company is working with Chinese technical institutes to further optimise the concentrate production process flowsheet".
"The Company will also continue to engage with potential offtake partners in China"............
PM8 are keeping it simple with the concentrate angle (may see more than a few overlook their potential) but the Chinese are certainly running a 'ruler' over this...........site visits should've wrapped up by now you'd think..................
Just need some binding OT's to see this significantly re-rate imo, 120,000 ton per yr concentrate production is their target.........$2000 gross per ton estimated forward pricing.......(FYI the statement these figures come from was retracted soon after release)........cheaper capex/opex to run this style of business model, should be able to squeeze some good yearly profit margins.......
PM8 Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
