Rob, Rob, Rob where on Earth are you getting your disinformation from ? That Table 2. you so proudly presented (twice) has nothing to do with Pensana !! Are you so well uninformed to think that Longonjo is in Southern China? no wonder you seem to get it so wrong.
FYI, Pensana's Longonjo operation is in Angola, and the original PFS published the following breakdown of the RE Elements
Note: This Table is for the early global 'Resource' at a cut-off grade of 0.10% TREO ie 1,000ppm; my numbers at a 0.2% cut-off, and are closer to the minable "Reserves", (compiled from the actual logs supplied by PM8 when the deposit was initially drilled).
Besides which, despite having roughly four times the Dy/Tb grades of Makuutu; Pensana has never claimed that Longonjoto is a HREE mine, the majority of its revenue has always been from the Magnet metals Nd/Pr. When they want HREE's they will develop Sulima West, for which PRE has already received a grant of US$3.4M to develop from the DFC
IXR Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)