I think you guys don't realise that Lindian is actually mining apatite? containing rare earth phosphates which require a special plant like Arafura proposes to establish as they are also proposing to mine this type of ore. The LIN carbonatite ore is a hard rock ore and I think it requires drilling and blasting followed by crushing. The Arafura plant will cost approx. $1.2 bn and their share price reflects this. The price of the mixed REE apatite ore before it is processed is only about USD11/kg.
This contrasts with the ionic clay REE extraction where you scoop out the clay with an excavator and simply wash out the REEs with ammonium sulphate at pH4 in a tank. This gives the lowest cost producers and is why the Chinese control the market currently. This may change as other ionic clay resources are being found outside China. eg MEI.
I sold my shares.
This is my opinion only and not investment advice.
Good luck to all. May the odds ever be in your favour.
10 Steps to $1 BILLION +, page-65
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Last
10.0¢ |
Change
0.001(1.01%) |
Mkt cap ! $114.1M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $53.97K | 550.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3849 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 716977 | 12 |
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| Last trade - 14.58pm 17/10/2024 (20 minute delay) ? |
| LIN (ASX) Chart |