ABX abx group limited
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I was waiting until they hit 20million tonnes (with decent...

  1. GippyPunter
    38 Posts.
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    08/05/23
    12:46
    Post #: 67657336
    I was waiting until they hit 20million tonnes (with decent grade) before I bought - Apparently 20mt is roughly the minimum size for a heap leach operation. 4 million tonnes per annum sounds way too high - probably 1 to 2 mtpa. ABx's testing at ANSTO points closely to them having proper Ionic Adsorbed Clay mineralisation - so really low cost to extract the elements and probably fairly low capex to set up. It also looks like they have a higher than average grade for Permanent Magnet Rare Earths (the valuable ones.).
    ABX Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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3.7¢ 		Change
-0.003(7.50%) 		Mkt cap ! $9.260M
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