I'm using CUX's own numbers here. They're pretty hard to misinterpret. We have X tonnes of this ore with X tonnes of Xenotime and Monazite in it. Later on in the presentation the grade of REO in each mineral is given. It's only maths Stoops.
As far as "The wet process" is concerned, their only mention is Heavy Media Separation. This IS a wet process. I know they don't need to crush the alluvium. They DO, however, need to dig it up, probably screen it, and put it through the HMS plant to produce a concentrate. And at a pretty substantial rate if their own figures are to be believed.
Then you need to separate the Zircon out from the REO in the HMS concentrate produced, but at least that's profit.
I too stand by my numbers.
CUX Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)