IXR ionic rare earths limited

General Chat / Discussion, page-10894

  1. 4,051 Posts.
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    7,400tons in how many tons of DIRT ?

    Oh! I think I can work that one out myself 7,400,000,000 gms / 25gms/t ~ 300,000,000t

    But as we all know that is not Ore and it does not include recovery losses and how long to mine that amount 20-40 years ,

    Or think of it another way: 7,400,000,000 x 30% / 5,000,000,000 will give you 0.5grams or ~ 10c per share over the life of the deposit.

    I think I suggested a year or so ago, there is more value in selling the sand and gravel for construction, than in the RE's







 
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