@2ic Particularly measured requiring "sufficient confidence for economic viability" puts a question mark over the resource tonnage in measured (forgetting the geology for a second). Their deposit is unique in that it is a hard rock REE leachable without cracking (albeit at 90degC for 6 hours with 250 kg/t acid so not comparable to clays). So the economics on this have no peer to benchmark/compare against, it needs a scoping study to underpin economic viability at various grades surely? I guess if you assume a NdPr price of $300 USD/kg in the cut off grade it all comes out in the wash though..
What NdPr price do you estimate they used in determining a 1000 ppm TREO cut off grade?
Spotlight on American Rare Earths, page-3500
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