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Ann: REE Drilling Underway at Mount Ridley, page-82

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mitis

6,739 Posts.

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03/04/22

13:58

Post #: 60610187
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Originally posted by Prospector99: ↑

IXR are much more certain about their ionic clay deposit and they're in a cheaper jurisdiction for mining. If it can be shown that MRD have a largely ion-adsorption deposit it will skyrocket. That's a big if still at this stage.

If not we'll need lots and lots of tonnes, low radioactive waste, and a lot of support and time to get it to production. The Lynas story is a good insight into how difficult rare earths processing is in hard rock.

I want this to boom as much as everyone else but until more metallurgical studies are done it's a risky proposition. That simple. I don't think the share price is being held back by anyone, it's where it is because that's the stage the company is at.

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IXR MC = $300M
MRD MC = $50M

MRD Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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