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Update: Great Western Minerals' Loss Widens On Rising Expenses
- Great Western Minerals reported strong alloy sales, but higher expenses widened the company's loss.
- This is worse than my expectations.
- The company remains one of the most advanced dysprosium projects in the market but risks - which are priced in - abound.
Update: Great Western Minerals Broadens Its Toll Options For Rare Earth Element Separation Services
- Great Western Minerals recently announced that it let its MOU with its provider of REE separation services to expire, opening the company to competitors' services.
- This should reduce the company's REE separation costs and make it more profitable in the long run.
- I hadn't anticipated this in my initial article.
- This is a bullish development, and I continue to think this is a compelling bet in the space with unique characteristics, although several risks remain.
Update: Great Western Minerals Reports Strong Q2 Earnings
- Great Western Minerals reported a 31% increase in sales for its Less Common Metals (LCM) unit: losses declined.
- The company released a robust feasibility study for its Steenkampskraal Project.
- While I didn't anticipate such strong figures from LCM, these figures show the strength in the company's downstream operation make the potential synergies with the upstream operation stronger.
- I remain convinced that this is a good speculative stock for rare earth element investors.
Great Western Minerals Has Too Much Upside For REE Speculators To Ignore
- Great Western Minerals has a small, high grade heavy rare earth project--Steenkampskraal--in South Africa that is highly economical and nearing production in the next few years.
- The company already has the downstream business that rare earth element investors are looking for.
- Despite these advantages the Steenkampskraal Mine is in a high risk location while the company has a lot of debt.
- These risks are priced into the stock, which has tremendous upside even at current, depressed rare earth element prices, making the stock a "speculative buy.".
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GWMGF vs. ETF Alternatives
Great Western Minerals Group Ltd. is a leader in the manufacture and supply of rare earth element?based metal alloys. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company?s wholly-owned subsidiary, Less Common Metals Limited in Ellesmere Port,... More
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