Stock Pitch

RTWS

Introduction

• geopolitical

• MP Materiales (group, price, buy)

• REM Make

• China ownership

• April 4, 2025

Thesis

• Mountain Pass Mine

• Vertical Integration

• Late June

• Stock Prices (May, June, October)

  • Increases Percent

• Regular Mining company → Strategric natrual security suppleir

Finances

• Short run finances

  • Assets

  • Libailities

  • Equity

  • Working Capital

• Long run Finances

  • EV/Rev

  • Price-to-Scale

  • Market Cap (Q2, Q3, Now(

• Strategic Future Growth vs regular mining

  • Investors bet their money on high returns in the future (treated like long run stock)

Catalysts

• Simply Wall Street

  • Future cash flow

  • free cash flow to equity model

    • Fair Value

    • Undervalued

• Increased Gov Funding

  • Increase tensions from China

• Partnership with manufacturers

  • Tesla

Risks + Mitigants

• Commodity Price Volatility

  • Risks

    • Revenue + Margins to price level

      • Price takers from China

  • Mitigate

    • Long run demand is supported

      • EVs, wind power, missiles + defense spending

    • Vertical Integration

      • Improved efficiency for more supply to support demand

• Scaling Production

  • Risks

    • Magnet Production is hard and captial intensive

  • Mitigate

    • Vertical Integration to invest revenue in the right areas

    • Easier to get partnerships that give opportunities for better capital investments

Conclusion

• Increased demand for evs and super conductors and defense

  • increased demand for REM

• vertical integration + expected increases in rev + tensions in china

  • BUY MP MATERIALES

Bear

• REM prices decline (oversupply/surplus)

• China maintains dominance and pushes world price low

  • pushes MP Materiales out of the market

Bull

• Demand for increase tech increases

• Better investments into capital

  • increase long run aggregate supply and demand

• heightened tensions

• Gov investments also mean more capital