Hello. The Brazil clay stock are languishing because:
1. Pd-Nd price down to currently US$53/kg.
2. Massive deposits being proved up, with massive potential supply vs demand.
3. Questionable economics, shown by MEI changing to a higher grade smaller mine strategy.
4.IXR released feasibility study for 850ppm mining reserve at US$53/kg opex and 70% payability for concentrates, appearing to indicate costs of $53/kg vs current revenue of around US$40/kg.
5. Lithium now US$825/t out of Brazil; US$900/t out of Australia
6. Oversupply REE bubble emerging in Brazil.
7. Today's ENV announcement JORC performance targets of 2,000ppm may not cut it.
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