speaking to Claudio (I'm on a pretty steep learning curve with RE) the two major factors when assessing an economic RE find are:
1) the basket price (not PPM in isolation as a lower ppm with a higher heavy ratio can be far more valuable than a high PPM with lower value lights)
2) the presence of thorium and uranium. He used a couple of project examples whereby high PPM/high heavy finds were uneconomic due to either the safety aspect of mining or the costly additional processing steps need to extract the radioactive elements.
Anyway, looking forward to the metallurgy and mineralogy results which should provide some answers to these two items.
TNR Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
