REO price continues to creep up and with it the S/P. Not a hard formula to observe.
Seems like fair bit of noise from non-ionic clay projects.
Problem is for non-ionic clays - that the opex/capex won't be anywhere near this - therefore almost certainly still underwater at current price. That's why there's no feasibility studies or any non-ionic laterite project in production. I commented on this in Feb Post #:72329224 still waiting for the $500 salt leach test.
-Break even for ionic clays grade for current rare oxide price is ~2000ppm. That's 30min, PH4 leach, room temp. (Lots of other variables that determine economic viability but as a generalization.
-Break even for non-ionic clays would be double or triple that.
Lowest end of the cost curve survives long term.
SF2TH
Ann: Colossus Cupim South Step-Out Drilling Yields Best Results, page-103
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