It’s Interesting you make that point with nickel. The price for the TREO concentrate is about $15kg or $15,000 tonne. And the price for nickel? About $15,000tonne. So when results like 90 metres @ 3.8 come in just think of it as a nickel intercept......My rough est was 40,000t in the 200m high grade strike so far.
Of course there’s more credits than just the TREO. It’s Niobium,and possibly phosphate Scandium and silver..
Both nickel and rare earths in good demand. With nickel expected to rise sharply in 2/3 years time as supply evaporates ,while REE is in interesting times.
Jeremy Robinson tweeted .The last time China restricted REE exports the price went from $11kg ( $11,000t) to $280kg ($280,000t).
https://asia.nikkei.com/Politics/International-relations/US-China-tensions/China-passes-export-control-law-with-potential-for-rare-earths-ban
The most read article in Shanghai Metal Market ?? ( largest in China) https://news.metal.com/newscontent/101291769/export-control-law-that-may-involve-rare-earth-will-take-effect-from-december-1
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Ann: EXCEPTIONAL WIDE HIGH-GRADE INTERCEPT AT CUMMINS RANGE, page-166
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