How do you get to that figure, 1,071 MT of contained REO, Lamp at 22,00oT per year gives 50 years. But they will not get that as the concentration is an average, the company themselves say that there is over 25 years of economically viable mining at Mt Weld.
Plenty of REO there but definitely not 100 years worth, maybe 35 years of economic mining.
Have you looked at the NdPr sell price yet ? As they are definitely not getting a premium, nor are they get China plus 17% VAT, they are in fact getting 10% below China domestic prices which were posted by the company.
PR, page-19
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