The latest price of Scandium Oxide per Kg on the Shanghai Metals Market is USD 856.
La paz has a current JORC Scandium resource of 4.4mill kgs as below from an earlier report.
ie 4.4mill kg * USD856 = USD3.766 billion = AUD5.687 Billion
La paz is only one quarter explored by area and only at only half the potential mineralized depth.
Therefore the Scandium oxide resource could theoretically be 8 times greater if the Scandium occurrence is uniform across the deposit.
Therefore AUD5.687 Billion *8 = AUD45.498Billion
I don't believe this potential in ground value of Scandium is on the radar of investors like Gina and I don't believe the directors are currently focussed on this eye watering prize as Halleck is the belle of the ball.
We may have enough scandium to create a market in the USA to support light weighting aluminium for military aircraft etc.
My deepest fear is that around 51% of the ARR shareholders will sell into a cheap bid of around AUD1.00 to a mining major and we wont reach a MC comparable to Lynas' AUD6.5Billion. I predict if we stay independent we will have one billion shares on issue worth at least AUD6.50 in a few years.
La Paz, Arizona
Ø Claim control of 5,540 acres
Ø JORC defined resource estimation 170M tonnes
Ø 80M kg Total Rare Earth Oxide (TREO)
Ø 4.4M of Scandium Oxide **
Spotlight on American Rare Earths, page-4036
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