That analysis has an error -
Its OK to take 5 tonnes/cubic metre for Iluka's monazite pile (because it is assumed to be all monazite, which has a specific gravity of ~4.6 - 5.4) but for AHK's situation we should use the density of the bulk sand as it exists in situ. - say maybe 3 tonnes/cubic metre.
That drops the tonnage of monazite recoverable from 3% of the prospective area to 277,000. - Or if extended over the whole area to 9.2 million tonnes.
But as I say these are only rough calcs, and the density of sand depends on how compacted it is, as well as the actual minerals contained. To say the density is 3 units allows for strong compaction over many years, and known dense minerals. However the result is still only a guide to possible outcomes.
Please make your own judgements.
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Mkt cap ! $10.91M |
Open | High | Low | Value | Volume |
15.0¢ | 16.5¢ | 15.0¢ | $9.768K | 61.36K |
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No. | Vol. | Price($) |
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1 | 3 | 16.5¢ |
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Price($) | Vol. | No. |
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18.0¢ | 13808 | 3 |
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No. | Vol. | Price($) |
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1 | 3 | 0.165 |
1 | 53021 | 0.160 |
1 | 33000 | 0.155 |
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2 | 55000 | 0.140 |
Price($) | Vol. | No. |
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0.180 | 13808 | 3 |
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0.205 | 4243 | 1 |
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