No way it should be above MEI at least. Their IAC project 500mt @ 1500ppm has nothing on MEI 500MT@2500ppm. IAC project obviously has the easiest and clearest path forward as they can just follow the production pathway of Sierra Verde also in Brazil.
As for the hard rock, not sure on the quality of the ore body in terms of strip orientation ect. but just look at the multi element composition. The metallurgy looks like it will be a nightmare, if they just sell a concentrate, which refinery has the knowledge to separate out these products? If they refine/separate themselves then they will have to become a lynas 2.0 which it took them a decade of expertise to get where they are.
People compare BRE to VMM because R/R is way better on VMM who can just follow the production path set out by MEI and Sierra Verde. BRE is now a 600 mil MC now compared to MEI 350m, VMM 75M. and is in totally uncharted development path. Also has Gina on the register, tell me again how well her green metal portfolio has done?
Ann: VMM Strengthens Board With Experienced Rare Earth Executive, page-23
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