Dusted off my chem set and this is what I found out
By using Sodium Chloride or Ammonium Sulphate it will show if it's ionic or not.
Other companies already in this field have been largely separated in m/c because of the simply word ionic
Quick comparison on where they sit right now
LYC $6.9B m/c 932 Million shares deposit location W.A. / Low Sovereign Risk / proven ionic
MEI $353m m/c 1.7 Billion shares deposit location Brazil / High Sovereign Risk / proven ionic
IXR $86m m/c 3.9 Billion shares deposit location Uganda / High Sovereign Risk / proven ionic
AR3 $49m m/c 153 Million shares deposit South Australia / Low Sovereign Risk / proven ionic
MTM $12m m/c 98 Million shares deposit Laverton / WA & Quebec / Canada / Low Sovereign Risk / not proven
There are 20 - 30 others that are REE's but are not ionic clay therefore making then non feasible
So even if we make it to AR3 m/c that's 10 bags from here and they don't have Antimony or Lithium
Another thing to point out that LYC is currently spending $1 Billion on it's Mt Weld hard rock project
Also it said they they are keeping an eye on anyone else coming up with ionic as they have $1.12 Billion in Cash set aside if something comes up in the right backyard
- Forums
- ASX - By Stock
- SUM
- Oz's Most Critical Mineral
Oz's Most Critical Mineral, page-6
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SUM (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.10M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.5¢ | $10.20K | 57.59K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15203 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 190553 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15203 | 0.175 |
3 | 25574 | 0.170 |
3 | 73000 | 0.165 |
3 | 235361 | 0.160 |
3 | 1020500 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 170553 | 4 |
0.185 | 10000 | 1 |
0.190 | 55000 | 1 |
0.195 | 150762 | 2 |
0.200 | 26990 | 1 |
Last trade - 13.47pm 08/11/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online