Texas Rare Earth Resources' Mine-Size Reduction Plan Makes Sense - Shares Have Significant Upside Potential
- Texas Rare Earth Resources just announced a plan to reduce its initial capex by scaling down the mine and by producing only 7 REEs.
- This greatly increases the probability that the company will find financing.
- In my mind this supersedes the lost NPV and IRR as minimizing the pathway-to-production risk should be a first priority.
- This is the right plan at the right time, and the stock is compelling with multi-bagger potential.