Great pickup!
The treatment of you and others on this thread is the reason I tend to avoid posting on it. The unofficial moderators will only tolerate a certain narrative to serve their own interests while amusingly accusing more balanced posters of orchestrating a downward trajectory in the
share price or perpetuating falsehoods. I’m not trying to push the price down, just make sense of it. Institutions are the most likely to influence price and the top 20 suggests there are not many around either directly or hiding in noms at the moment but that could change.
For such a brilliant project from a scale, process simplicity and capital cost perspective I continue to be perplexed on the valuation, lack of corporate action, positioning or institutional support. The voting machine and the weighing machine are not diverging yet. Short term valuation anomalies are common, less so over the longer term. There could be reasons. I try to work on unpacking this and my musings here may not be the explanation.
As a widely known phrase goes, “oils ain’t oils”. The same applies to rare earths. In fact most of them are anything but rare. China knows this and those that want to sell the China controls supply narrative are not always providing the critical and nuanced details. It’s mostly the heavy rare earths that China has a stranglehold over.
I hear promoters saying their projects are lower cost or easier to process or higher grade or some other metric etc. compared to clay deposits for example. Yes, but does your deposit have heavy rare earths, the super critical ones that barely anyone is producing in decent quantities outside China currently? The higher heavy rare earths weighting in the basket are what makes certain clay deposits important. If their basket was the same as all other deposits, of course everyone would be scrambling for the largest, lowest cost and simplest processing circuit in a favourable jurisdiction.
I still think Sandy Mitchell could stack up as an economic and mineable deposit based on its other characteristics. Further studies to follow will confirm either way. I just personally temper my enthusiasm based on the near absence of heavy rare earths in this giant sandpit. If this thing had Dy or Tb in decent amounts it would have been taken out or would be under control by now IMHO.
Just in case someone attacks me as a down ramper who has not done their homework and knows nothing, listen to Joe Mazumdar at about the 19th minute mark in the link below. Check his bio if you are not confident he knows what he is talking about. Then do some more of your own research and make your own choices.
https://m.youtube.com/watch?v=2586-8-RAB4&pp=ygUgRXhwbG9yYXRpb24gaW5zaWdodHMgcmFyZSBlYXJ0aHM%3D
(20min delay)