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0.4¢ asra minerals limited

Ann: HREE DISCOVERY AT YTTRIA RECONFIRMED AND UPGRADED, page-216

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WhatsupwithBas

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28/04/22

18:02

Post #: 61079637
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Originally posted by jumpstart: ↑

The criteria is not the ppm. The criteria is analogous to the way gold DD intercepts are calculated - grams x metres

REE: it is ppm x $. If the deposit is skewed to the more valuable elements then the ppm can be lower.

One of the simplest concepts. the cost to get out the ground < above ground value.

To persist with "warmish reaction to our find is the lack of certainty around the viability of non ionic clay deposits at these ppm." is plain wrong.

More than likely reaction is luke warm because every man and his dog is coming up with either REE or Cobalt or copper.or Gold. Folk are now taking a step-back-and-see approach what floats to the top attitude. This time last year, "Whats an REE?"

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Hmmm.
I think you are batting 0 for 2 today here.

We have an excellent basket price by any objective measure, and the discovery so far is weathered clays in the regolith.
This is very easy to dig up, with no blasting required.

You fail to account for the cost to extract the minerals from the ore.

My humble opinion is that the market is not sure if our find can be economically concentrated, based on the ppm/grade/m, and type of chemistry needed to extract these elements that are not held in ionic clay deposits.

TNR Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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