I don't know for a fact exactly what it is they're going to be doing with the rocks in China... so, I can't say for certain that the work that is being done there now... could be done in Canada at all ?
The work being done... might not be possible to do elsewhere ?
Separations processes are often "proprietary"...
Unique rocks... often require unique efforts in addressing them.
So, every study of this sort is something of a "custom job"...
But, not all custom made products are equal in value ?
China has been the market leader in separations for a while, but, the "state of the art" in separations is hotly competitive, currently, and it is no longer as clear as it seemed even a year ago, that they're going to remain the market leader. It's still not at all a bad thing to have China helping you out by doing the work on metallurgy studies...
It's a HUGE value to have that happening now... for SRSR...
The number of companies outside China that have succeeded in establishing relationships that enable winning access to that value China controls... you can count on one hand.
It's a HUGE deal...
The market reaction to it... proves the market is ignorant.
People who know the market reality... if they're being honest... would not be posturing the garbage I've seen posted addressing that here in regard to SRSR. No doubt, that's exactly why some are trying to dismiss that bit of progress occurring as "only" addressing those concerns in metallurgy... right after having failed in pitching it as China "re-accomplishing the assays" to check to see "if" there is any value in SRSR's rocks ? LOL!!!
Yeah, those are the opinions of "SRSR's supporters" /:O
It's also pretty clear that SRSR isn't the only company out there that is looking for ways to address many of these same issues, just now.
SRSR isn't close to being unique in being a defacto market leader in their specific niche, by a very wide margin, while being roundly ignored by the markets. SRSR is clearly "it" in primary niobium producers... with Globe and Wildcat as much smaller also rans... while IAMGOLD and the Nebraska outfit, and a couple others, bring up the rear with efforts to "promote" their potentials after proving they don't measure up. There are a couple others focused more on REE values that occupy a similar space in the market... with "rocks" and "relationships" that are vastly better than much better known competitors, by a wide margin.
Noting that there ARE a couple of very similar situations that exist in REE's, with a couple of vastly better potentials that are VERY obviously better positioned than most others... based on the facts in "the rocks" and in their relationships ? The pattern is worth noting... because there are reasons for it... and its meaningful... and revealing to consider... what the choices are.
The "rocks" define the fact of value that exists...
The "relationships" with those that have proven ability in separations defines ability to realize the value...
"Price" is not "value"... "rocks" and "relationships" are.
And, in this business, having access to large quantities of money is still no guarantee that value can be realized...
Most of that value in the "relationships" is about having functional access to the proven ability to enable extraction of the "better" values from the rocks that have them. That's why you see those with the proven ability in separations, pairing up with those that have proven to have better rocks ?
Ignorance of the facts in what the drivers of value in the business ARE... what the requirements for success are... is pretty clearly responsible for the obvious error you see postured in the flagrant bogosity addressing SRSR... but not just SRSR...
You see the same errors in analysis being repeated and having obvious impact in other corners of the market... including at Molycorp, where those same "issues" resulted in the need for a mid-course change of plan including spending a whole lot of additional $ in an acquisition spree... conducted by a company that had not yet even begun meeting their planned "start-up" production targets ? Molycorp's mis-steps have cost hundreds of millions to correct... thus far... vastly diluting holders while loading the company up with debt... and its still not clear the "fix" is going to work...
It may prove, as it often does, that the "first mover advantage" isn't much of an advantage.
Others in REE are similarly are depending on IPO's enabling them in spending truly massive amounts of investors money... in efforts to solve those same sorts of problems... while assuming that having the financiers enabling them in spending lots of money will mean solving the problems. But, there isn't any assurance that getting and spending the money will actually result in a meaningful success. The REE market myopia being developed, could easily generate a billion dollar white elephant or two, soon... in a couple of very high profile failures... while smarter actors (with better rocks and better relationships) work quietly and patiently to resolve those issues first, early on, before creating a need for spending additional billions of their investors capital trying to solve problems... that should have been solved long before they started ?
The guy making the most noise and bragging loudest... before the race starts... isn't always the best bet to win ?
In the race to be the next niobium producer... SRSR appears to be the only one that is making it to the starting line...
Where the proven capability in separations already exists... starting out on the right side of that "barrier" separations issues impose means the effort is not as overly fraught with risk. Lowered barriers in this business... is an issue of "billions"... hundreds of millions, at least...
The market reality is that there are a couple of issues that are being "promoted" as "the next major producer of REEs"... which have won a disproportionate share of attention from the market. Those that are far more likely to actually BECOME the next major producer (because of rocks and relationships) are proceeding toward doing so with vastly less risk and much less fanfare... and they are roundly ignored by the market.
Having the "the rocks" and "the relationships" is what will enable success... with the least risk... at the lowest cost.
Less real confidence in what you have... or knowing you don't have "it" and need to buy "it"... is what drives the requirement for promotion... to enable selling shares in the risk you don't want... to others ?
Price... will follow market recognition.
Market recognition... will follow from success... or promotion.
I prefer finding those companies that are working to enable success... expecting success will enable market recognition... to those working efforts promoting buying the risks those running those companies don't want...
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