Saturday, April 08, 2023 11:03:27 PM
Ford, GM, others will want this material. Lots of potential future sales.
The industry grew into the asset, not the other way around. So if they could get $1 a share for this thing, better than nothing. In the end we may sell as a high end iron mine not a PM mine. Most long timers (those still alive) won't complain. Got PMs? All the better.
Bottom line - we have a valuable asset. More valuable than it was when they started this company. We have high quality Fe and automakers will look for a supply (vertical integration) and competitive (better range and battery life) advantage. Time to make management aware if they aren't already.
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