news from puc, page-4

Yes, ur right OC, now makes 3 parties demonstrating some confidence in the project.

Just waffling on the macros for a moment, HRE wannabes are all flavour of the month ATM despite the total market, Dy 1600tpa & Tb 300tpa, being < 2000tpa. The demand profile, prices, for Y will have a considerable impact on the economics of most of the leading prospects with divergence on the prospects for phosphors, the major market. Also considerable contrast in Dy forecasts with D. Kingsnorth now calling 2016 demand at 800tpa v 1000tpa supply, 25% overage due to tech advances in thrifting and the simple economics of doing without Dy magnets.

Only time will tell whose forecasts are the more accurate but when I try and position CUX I always come back to its all rounder status with good Nd/Pr values as well as HRE but more than enough Ce. Point is with such a massive, albeit low grade, resource they have the opportunity to select not only higher grade pockets but perhaps also areas (xenotime) of higher value suite. Unlike most miners where once pit design is done they are largely stuck with ROM, CUX could have considerable flexibility.

Advantage of an allrounder is the ability to supply total needs into the specific middle supply chain i.e. Nd/Pr & Dy to magnets, Eu, Tb & Y to phosphors, etc. With perhaps a few exceptions I'm kinda thinking the "money" might swing back to this broader supply basis but, as always, the basic economics will sort the winners & losers.

GL all those hanging in, maybe we'll get a run for our money here.