Based on what I can find their head grade is 1/2 to 1/3 of MEI's gobal 2600 ppm MRE (and that's not accounting for the high head grade pocket for CDM). So without a doubt Serra Verde would be losing lots of money at current spot. I wish it was publically traded so we could have more info on actual OPEX and recoveries as it is the only REE clay plant outside China/Myanmar. Who knows how long it can keep going...
On top of that @acceler8 reckons Serra Verde are running half capacity due to their dry stack facility not meeting design (no idea if this is true) so it could be a bloodbath over there.
Ann: Caldeira's Scoping Study Confirms Exceptional Financials, page-41
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $241.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $344.0K | 3.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 3964048 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 160605 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| MEI (ASX) Chart |