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9.3¢ meteoric resources nl

Ann: Acquisition of Potential World Class Ionic Clay REE Project, page-206

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adzconan

508 Posts.

188

22/12/22

20:06

Post #: 65421759
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Originally posted by Frogkey: ↑

SF2TH, Regarding your discussion of OPEX, IMHO you are doing IXR a disservice to compare it’s low cost to MEI.
The US $8 /t ROM you quoted was after the Sc credit, without this it’s $12.62.
If we then use a 3x reagent cost, it gives an estimate for MEI of $17.94 /t ROM.
I would expect the labour and power costs for MEI to be significantly higher also.

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All valid points. But even if we assume US$20/T for MEI and a ratio of 3 tons mined at IXR to 1 ton mined at IXR for the same output, MEI is still more profitable.

MEI Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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1 Great analysis

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