Another mention of the big new HRE deposit recently discovered in China > 3.5MT @ 35% HRE.
Tell me the BS story again about RARE earths, how we are going to run out of HRE, demand @ 1500tpa, and the Dragon has another found another 1MT!
Clearly RE ain't rare, clearly we are NOT going to run out any time soon, and VERY clearly only the most cost effective resources have any chance of being developed on addition to existing OVERsupply.
Can anyone spin financial justification for developing 6 small patches totally just 59KT, 1400 klm out in the Tanimi Desert, 1000's klm from processors vs 1MT HRE a few hundred klm from established processors & downstream customers?
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