ich habe an stans geschrieben und von mackay folgende antwort bekommen: hintergrund: ich habe einen kritischen analysten zu seiner meinung über stans gefragt. und von den Stansleuten einen "gegenkommentar" bekommen. also vom chef robert mackay selbst. weil ich den kritischen analysten nicht einfach so veröffentlichen kann,habe ich manche stellen in mackays antwort einfach unkenntlich gemacht. ROT sind die Kommentare von Mackay. BLAU/SCHWARZ sind zitate aus dem mail des kritischen analysten an mich , welches ich an stans weitergeleitete habe. dort wo man rückschlüsse auf diesen kritischen analysten ziehen kann habe ich wie gesagt anonymisiert Dear Jochen I have known XY for 2 years now and his track record on picking rare earth companies is not very impressive. He recommended to his clients to short sale Molycorp, XXX and XXXXXX at half of what they are trading at so you would have lost 100% of your money to date following his recommendations. The one thing you can count on is if you paid XXXXXXXXXX as an underwriter he recommends you. To comment on his email to you. The “plant” is a stripped-out and outdated design, which, according to my sources, was not atop-flight producer even when it was new. § It would be interesting to ask him who his sources are as he has never visited the plant and he cannot compare this plant to any other hard rock processing plants as there are none. This is the only plant in the world outside of China that ever separated all 15 REE's. We have been contacted by other companies to separate their HREE's on a toll basis so they are more knowledgeable than XXXX in this plant. We have allot of work to do to get the plant operational but because it actually worked before we are years ahead of the competition. § Past production engineers and operators are at the helm again All of Western industry probably requires no more than 5-6 (Rare Earth companies) to reachmarket. 3 of those spots are likely spoken for, 1 or 2 of the others will likely be occupied by near-term producers that happen to be private companies today. § XXXXXXX lists Molycorp, XXXXX and XXXXX as 3 most likely first to market, but what are the other XXX private companies” they are talking about? There is a LREE private company in Turkey but ask him which HREE companies have the metallurgy and permits for production. The answer will be none, except for Stans Energy. § Breaking news this week that Lynas could be looking at up to 2 year delay in getting Malaysian processing plant operational, due to new environmental conditions imposed by government We are not overly excited about its political jurisdiction. § This country is much more mining friendly than locations like anywhere in the USA especially California,Europe, Malaysia, First Nation controlled Northern Canada, or parts of Africa. And it is not a near-term producer by any stretch. § Early 2014 puts it at the front of the line. You have to understand, there are 200 or more early-stage REE projects making some fairly outlandish claims Which of these has: § A mining licence § A past producing open pit mine § About 500,000 sq. ft. of building space § Large inventory of titanium,stainless steel and ceramic processing equipment, all assessed independently to be in good or satisfactory working condition § A rail yard that links to much of Asia § Experienced management and staff § A relationship with the Leading Metallurgical Research Organization in Russia § Power and water § Nearby town with skilled labour pool All of Western industry probably requires no more than 5-6 of them to reach market. 3 of those spots are likely spoken for, XXX others will likely be occupied by near-term producers that happen to be private companies today. § Which of these produce Heavy Rare Earths or which have their hydro metallurgy worked out yet? If you take his favourite XXXXX it only has XXXX tons of DY and with a recovery rate of max 60% much less. There is not much room for anyone or anything else. The concept of high HREO/TREO ratio is, I am afraid, a hot-button topic for me. This is because, as a concept, it is silly. High HREO/TREO ratios mean that out of thetotal amount of TREO you mine within a tonne of raw ore, a lot of it, relatively, is HREO. But the users of this concept typically include marginally useless material such as Y in their HREO count, to inflate the figures. And I cannot sell a percentage, only a kg of a material. § Then strip out the “Y” percentage and see what remains. The question I always ask people is this one; which would you rather own, a 1% in situ grade “HREE” deposit with a 4% TREO content of dysprosium oxide, or a 10% in situ grade “LREE” deposit with a 0.4% TREO content of dysprosium oxide? The correct answer, for many reasons, is the LREE deposit, § The assumption that is being made here, and it is a massive assumption is that the LREE producer has the hydro metallurgy, expertise and skill to be able to separate the HREE from the LREE that theyremove from the ground. Molycorp’s Silmet isn’t able to do it, nor are there any other HREE production facilities currently in existence that has that capability. Stans is the only HREE past producer that was able to produce HREEs at an industrial scale. The obvious answer of “they are the same” is not correct. Why are these light ree companies contacting us for HREE separation? § Making the assumption that extraction capability is the same for both processes or producers is just as big a leap of faith. That assumption isn’t proven yet, and in early 2014, the world will see just how productive Stans will be as compared to the other so called wannabe’s. In discussions with the experts in the business they all conclude that most HREE companies are 5 years from industrial scale metallurgy and they feel some will never be economic. Those experts also told me that the basic chemistry the "Darling HREE Companies " are promoting for the separation of HREE's will not work. I believe 30 year PhD Chemistry veterans of HREE processing over an analyst that has NO HREE separation experience. Basically, a high-grade deposit gives you, per tonne of mined ore, a lot better costs and a lot more material to sell. § If, and that is a very big IF, the company can extract the HREEs – which for the moment they can’t.
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