Assuming honesty, the biggest negative I see is that SNEY may be so undercapitalized that it can't exploit its riches because it simply does not have the assets it needs to get to it. On another note, some talk about how SNEY should get its REEs processed in South Africa and share in the profits. That's not how it done. When I sell oil, I don't process it. I sell it to a gatherer who pays me the market price depending on the grade of oil. I sell it, they process it and the buyer makes its money selling the refined product and I make mine on selling raw crude. Here, I would imagine that SNEY can purify its product (kind of like I would use a heater treater to separate waxes from oil, and a separater to take out the water) to maximize the value of the sands and then sell the sands at the prevailing market rates, depending upon the purity and type of REE to the buyer and let the buyer undergo the refining process and reap the profits. Each makes its own profits depending on its place in the system. Same with the gold. The oil standard is based on the purest West Texas Sweet Crude. But depending on the sulfur and other content, well not all barrels of oil are treated the same and producers will get the best price they can on what they produce. Here, our gold is 89% pure, and depending on what the other 11% is, and what it will take to get the gold to .999 fine will determine what our price will be.
