Bought into this stock this week, after this announcement caught my eye.
this REE hit is highly promising.
To put this in perspective, Lynas average price for rare earths in Q4 2022 was $64/kg
4.6% grade in 1m interval is equivalent to .046 (%) x 2 (clay density) x 1000 (Tn to kg) =92kg / Tn of ore.
92kg X $64 = AUD$5,888 / Tn
gold EQ
USD$1923 per ounce (32g) / .68 exchange AUD = $2800
5888/2800 X 32g = 67gpt gold eq. Bonanza grade
Ann: Drilling and Gravity Survey Underway at Hyden REE Project, page-22
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