This is the silly part, the 2007/45 tenement is a stack of projects realistically.
#1 exhausted cryolite mine full of quartz.
The bar for (ultra) high-purity is pretty much impossible naturally. The TSE company Pyrogenesis can make 98% --> 99.99%.
Looking at 99.95% you are talking about $300USD crushed and bagged. per ton.
99.95% SiO 2, 99.99% SiO 2, 99.997% and 99.998% SiO 2, and 99.999% SiO 2
The 99.999% - fetches $5,000 per ton. (yet again very rare to occur naturally).
For other industrial use we need 97% (or the ability to process to that standards); but it ultimately need to be refined. From what I can tell post refinement we are still talking about market of $100 USD - $500 USD silica sand per ton.
We'd have to be pretty unlucky if the quartz is of poor quality; here hoping we have some possible quality blended product to process.
So hoping we have a basic $500M proven reserve of quartz at least; it can vary so much if we turn out to have HPQ 99% natural, in some abundance.
#2 Left over, left over tailings next to the mine (a lot was sold circa 1980's). This was mentioned to be the quick revenue we may have.
The 1960's picture shows great mounds of discards product, but if you google earth it, looks fairly flattened out.
#3; Gronnedal, the great big hill next door to the mine, was historically drilled early 1900's. They found 800,000 Ton iron ore; at 25%-35% low grade, this was below 800,000 Ton of rock, so wasn't commercially viable. And i guess the 75%-65% other contents weren't at all useful back then. There is mention of Ce-enriched. (as in Cerium), in more recent studies on the ore (Carbonatite)
#4; processing plant location? likely by the port. (crushing, basic magnet separation, floatation etc). Hopefully designed with ability to process other ore from other companies etc.
#5; further exploration for REE. (backed by existing research).
I would like to think we easily be valued alongside the other "nil-revenue" REE peers and have a market valuation of $200 MC - $400 MC.
This just needs the JORC conversion to bring about a revaluation event; and agreement in place with a buyer (aggregate refine for the REE)
We have the benefit of needing to just review existing drilling cores.
This doesn't factor in any of our other projects.
It would be nice if and when our MC increases, that we may be considered for REE ETF, Uranium ETF, and Battery Metals ETF.
Bannerman Resources for instance (BMN) has been literally feed with new capital on a regular basis (and they are still off uranium production until about 2025, still needing a DFS, and probably about $300M capital for the mine and processing plan) They have only recovered to $140MC atm.
Battery Metals ETF for instance is > $250M MC, as a minimum requirement.
ChickenSalad is probably right that we are closer to making a buck from the Mary Valley on a regular basis, We'll probably a get a sugar hit from the selling the cryolite tailings.
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