This is the basic formula with which our Odds Engine works through Conditional Probabilities: Given recent moves in Coeur Mining, we are now able to compute the following Conditional Probabilities for a set of price points over the next 9 months: 9 Months Level Price Conditional Probability R3 9.38 33% R4 10.84 3% R5 13.19 0% Conditional Probabilities for all portfolio constituents are calculated automatically and results are subsequently re-processed by the Odds Engine’s Dutch Tree module. In a word, a target is a dependent variable.
Texas Mineral Resources, up > 50% this morning, is in the process of submitting a proposal to the U.S. Army on the cost of a pilot plant for hREOs. The Army, through the Defense Production Act (Section 4533(a)(5)) of 8 September 1950, has agreed to fund at least one hREO project, and potentially more. TMRC’s proposal to the Army is due on December 16. For more information on Texas Mineral Resources, please refer to our Independent Economic Analysis of 24 June 2019.