china slaps export quota on rare earth all , page-10

Hi Shady,

I reckon your first point that a Japanese car manufacturer wants to secure non Chinese Rees is great news. Think it will become more and more common as plug in electric cars become the norm and demand continues to go throught the roof for REEs.

As for concentration of ore to get any detail we would need a geo or a metalurgist. However i do know that LYNAS have a concentration plant here in WA and the plan is to concentrate the ore here(to what grade i dont know), and container ship the concentrate up to Malaysia to the final plant there.

Could we do the same at Ngualla, sure I dont see why not.Has to be cheaper than paying Aussie wages to do it in W.A. Just may take a few years and some(lots)of millions of dollars. To get a concentration plant up and running would be far easier and cheaper than getting a final processing plant going though.

Think of REE ore like any other ore. Except its slower and dearer to refine than many ores. Its an element or more correctly they are elements and they must be refined down to pure before use in electronic gagetry, magnets etc. The ore is worth money, concentrate a lot more and pure REE (the powdered metal youve seen in photos), a heck of a lot more.

To digress Im sure a lot of us who have considered buying gold or silver bullion have thought of how we could buy REE metals and sit on them for a couple of years. They sure are outperforming gold/silver.I dont know any commodity thats going up 10 percent every couple of weeks it seems. The trouble is where do you buy and sell the stuff? I guess thats why we are all buying stocks instead...

Back to the point Im sure the work Batemans are doing on benification of our REE ore have this objective in mind. If we can show the market a cheap effective way to concentrate our ore at Ngualla, then the mental step of getting it on a train and on a ship becomes far easier to visualise. And far more lucrative.

Our SP is fighting hard ATM. Everything down, Greek and Italian concerns hitting the markets today. Its always something lately. One things fairly sure though, the price of rees will be up next time they are reviewed. The greater market must settle sooner or later and IMHO it will be off again for the better ree stocks.

Today though better to read a book ... find a sunny place in the garden and find something other than the market to look at! Lol!

Tretch