28% is still a 2.6year payback, which most would say is a viable. If rare earth prices go up, then obviously the economics improves from there, as as their latest presentation shows, they are scheduled to go up.
And what are they doing...
( https://mineralprices.com/rare-earth-metals/ )
well, the year to date (YTD column) for
PR: up 4.5%
ND: up 13.1%
So. Looking good.
Obviously, I'd like a longer mine life, and that does seem possible (Significant potential mine lifeupside as total tenement areais 650sqkm) but that might also come with higher equipment costs, so lets not poke that bear at this point.
If they do pull of a Lynas and get a cheap government loan from Zee Germans - even better re the IRR and no capital cost issue.
Are you looking to get in prior to the planned debt financing and Sept cap raise?
HAS a buy?, page-3
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Last
33.5¢ |
Change
-0.015(4.29%) |
Mkt cap ! $60.57M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.0¢ | 33.5¢ | $84.50K | 246.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37320 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 59676 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| HAS (ASX) Chart |