My first thoughts were that this smelled like a “me too” press release, but after digesting the message I don’t think think it was. The timing was probably strategic, I do find it at least curious that Mark made the comment close to the time The President was signing an executive order on the US supply chain. My gut tells me the management team has been bantering the REE processing topic around for quite sometime and very likely already know if it’s feasible or not.
My “glass is half full, through rose colored glasses” perspective tells me they do know if it’s feasible and how profitable it will be, the fact they made a preliminary announcement tells me they most likely can make at least some positive business case. These guys know the content of the ore body and how to process REEs as well as or better than anyone. Their conservative nature with press releases due to fear of running afoul with regulators probably means they are carefully covering their bases before releasing any specific data on REE production.
Please keep up the thoughtful dialog. I like honest, thought provoking opposing views.
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