Hey @plough lets not get upset - lets show each other some respect. We both want to make some bank on this place.
First of all, looking at your numbers you prove Sandy Mitchell is a very profitable mine taking 100% Monazite at a value of $6000 a tonne.
I only disputed that dollar value because Iluka gave us a much higher number, which I recall was input to the application for capital from Fed Govt. Your reference to metal.com for concentrate price is more recent - it shows a decline in price of REE feed as Monazite. I accept your value, and wait for a PFS to get all the facts, including how much demand exists for SM concentrate.
Perhaps REEs are not so rare after all - but all my reading on the matter including the Lynas problems, and the ASX listed REE and the environmental problems with South China clay hosted deposits suggest that is not so for easy mining projects like Sandy Mitchell.
I look forward to your further input. Cheers.
AHK Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)