Spotlight on American Rare Earths, page-4919

Hi Blue
The Scandium and Ree at La paz is overlooked by the market. Both resources could be 8 times larger as their tenements are only one quarter explored and at only half of the potential mineralized depth.
The scandium market will be driven by supply. Only when exponentially greater global supply comes on board will the consuming industries like 3D printing and light weighting of aluminium feel confident to invest in manufacturing. It is a bootstraps situation.
Below is the current scandium price of USD725

Scandium oxide Price, CNY/kg Save to my list≥99.99%13%VAT included Traded price, delivery to buyer's place 20161876-T-469 Brand:Hunan Jinkun New MaterialOriginal5, 150CNY/kg0(0%)VAT included 725.62USD/kg0(0%)VAT excluded642.14USD/kg0(0%) Oct 10, 2024

If I multiply our current 4.4mill kg JORC equivalent resource by USD725 I get USD3.19 Billion inground value
But if the mineralization in homogeneous over the total area and at twice current drilled depth then I can multiply the USD3.19 Billion by 8 which is USD25.52 Billion. The final figure may be between 3.19 and 25.52Billion but it is a figure when added to the already large and underexplored REE may make La paz a bigger jewel in the crown than Halleck Creek. The USD 400 mill plus cash and or shares and cash from the Halleck sale could fund La paz.