Australia's largest stock trading and investment forum Australia's #1 stock forum

IXR

Click for more information

5.00%

1.0¢ ionic rare earths limited

Ann: Substantial Increase to Makuutu REE Resource to over 500Mt, page-78

First 78 Last

Share
Profile

Follow
Jindia

251 Posts.

80

04/05/22

19:42

Post #: 61209265
Share

Originally posted by skijapan: ↑

Substantial increase to Makuutu resource to over 500 million tonnes
All is indicated and inferred, nothing is measured/proved.
640 ppm = 0.064% TREO. We still need to see, how they can get the value-carrying contents commercially viable and environmentally benign out of the ground. That is the crux.
If you excavate and move this regolith/saprolite/clay for heap-leaching, like you would do with low content gold resources, in this case 100% of the cost would apply to the 0.064% of value-carrying contents.
Visualise this: A truckload of40 tof regolith/saprolite/clay contains26 kgsof rare earths. If the cost of excavation and trucking to the heap should be US$10/t regolith/saprolite/clay, that cost is US$15/kg of rare earth content. To add insult to injury, that is before processing and separation cost.
Rare earths are not valued like gold at US$60,000/kg, in case of the composition of Ionic Rare Earth’s Makutuu we see it rather at ~US$40/kg, cleared for recovery losses.
In fact, even after the breath-taking rise of rare earth prices, for Makuutu and also for other rare earth deposits, rare earth prices are still too low.

Expand

1 like and 1 great analysis each...it's tag team time by the PRE crew. Bored over there?

IXR Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Making money: How many microcaps should be in an investor's portfolio?

There are more pages in this discussion • 229 more messages in this thread...

First 78 Last

Add IXR (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change -0.001(5.00%)		Mkt cap ! $46.26M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$7.196K	719.6K

Buyers (Bids)

No.	Vol.	Price($)
32	7221409	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	7703183	8

View Market Depth

No.	Vol.	Price($)
32	7221409	0.009
28	10635293	0.008
19	6394944	0.007
15	11484499	0.006
28	8159373	0.005

Price($)	Vol.	No.
0.010	7703183	8
0.011	2516075	12
0.012	1358776	4
0.013	2647059	5
0.014	1807171	6

Last trade - 13.55pm 31/10/2024 (20 minute delay)

IXR (ASX) Chart

SPONSORED BY