So if we go by your calculations, just the cryolite alone at US$1,200/t for the 0%, 10% and 20% cut off worked out roughly to about
US$466M and Fluorite at US$300/t for 0% and 20% cut off is about US$18.2M which worked out roughly about A$630M. Not looking at iron & zinc and if I am correct from today announcement this is only 8,100m of total 19,000m diamond drill to consider. As you said the cost & actual value etc are not known but EPM at market cap of just over A$35m still seem very attractive still to me on top of other rare earth potentials. Ps I am not an expert in this field, happy to hear feedback.
Ann: High Grade Cryolite-Fluorite Delineated below Ivittuut Pit, page-16
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Mkt cap ! $59.98M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $28.18K | 1.402M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2514985 | 1.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1073250 | 3 |
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