Do you have any idea if FIL are still accumulating here........? Good volume today but there's significant sellers still floating about.......all getting soaked around the levels FIL were buying at before...............
Apart from putting a spotlight on the REE sector in general does this mean much to PM8........?
Sure FIL is involved in both PM8 and LYC......being a subholder etc so I guess FIL see some significant potential in both companies so that's a plus.
Wonder if we might see an 'indicative proposal' lobbed in our direction anytime soon......................until PFS along with indicated JORC and finance are sorted with some binding off takes I'd say that's just dreaming on my part............but perhaps REE sector is about to heat up somewhat.................there is plenty to drive good upside for PM8 over the coming months imo.
We might be seeing the humble beginnings of a 're-shuffle/appraisal' of a few ASX listed REE players with high quality resources and cheaper 'quick to market' business models perhaps..............?
"Discussions with potential financiers have commenced and it is expected that a financing package will be finalised to coincide with the completion of the PFS (scheduled for September 2019)".
"The Company is of the view that given the work that has been completed to date and the relative simplicity of the operation, following the completion of a favourable PFS it should be possible to move immediately to Front End Engineering Design (FEED) and Engineering Procurement Construction Management (EPCM)".
PM8 should be able to progress this project rather rapidly considering they aren't looking to produce and sell 'anything' other than concentrate..........this sets them apart somewhat from 'others' in the sector afaik.
"Our aim is to get into production and build our customer base at a time when EV and wind turbine manufacturers are driving the increasing demand for NdPr magnets for electric motors andChinese rare earth processors are looking for additional low‐cost feedstock".
Seems to me they're looking to lock in something re off takes around May this year............... then release Indicated JORC in June sometime........
Interesting times ahead for PM8.
