MEI MREC has 57.3% TREO and 2% impurities. An in spec product that in all likelihood is saleable.
VTM MREC has 12.5% TREO and approx. 7% impurities (not specifically stated by VTM but estimated by a met colleague from VTM's data). Out of spec material requiring a lot more work.
In my experience, when rare earth companies present a basket price for all 15 REEs as the basis for their product valuation, when the reality is they'll only get paid for 4 of the REEs subject to the product being in spec, they've got something to hide.
MEI MREC has 57.3% TREO and 2% impurities. An in spec product...
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.04M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.0¢ | $7.878K | 29.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 47865 | 2 |
View Market Depth
| Last trade - 13.30pm 03/06/2024 (20 minute delay) ? |
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Last
26.5¢ |
Change
0.000 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.0¢ | 26.0¢ | 54900 | ||
| Last updated 15.24pm 03/06/2024 ? | |||||
| VTM (ASX) Chart |