Apr. 23 at 7:33 PM
$APAAF Serra Verde was bought by USA Rare earths for
$2.8B. The Serra Verde mine has first mover advantage over the PCH project, but PCH has higher TREO (even before the most recent Target IV results) and higher HREE content. PCH likely will have better economics...no one has calculated the carbonatite impact yet.
Appias market cap is a mere
$23 million with a pre-feasibility due by end of the year. Appia gets a 25% stake in Ultra when it IPO's in 2027...the two mines are close in performance but light years apart in valuation.
I am long nearly 1M shares at this point. I don't understand why this stock is so ridiculously cheap.