Ann: Acquisition of Potential World Class Ionic Clay REE Project, page-167

@1Iluminator; You don't need to worry about IXR only having 50%; MEI's Ore is worth at least triple theirs by SF2's own tabulation

Has anybody else worked out what he is doing ?

As opposed to:


OK he clearly shows MEI will only receive US$31.26 per Kg as opposed to IXR's US$46.16 !

What he fails to point out is that for every ton of Ore processed MEI will recover 1259gms of TREO while IXR only recover 300.2gms.
Therefore MEI will get 1.259 X 31.26 = US$39.36 for every ton they mine while IXR will only receive 0.3002 x 46.16 = US$13.86

Now you can look at that 50% ownership, 50% smaller Registry and the Profit = Revenue - OPEX issues that I highlighted earlier and you will not fail to conclude that MEI leaves IXR for dead.

My apologies for taking so long to make this clear, but the man with the Golden Basket has be Blocked from seeing his posts and a friendly third party has to copy them to me from another platform. Basket Values are a con and JORC are already moving to disallow them; be highly suspicious of anybody spruiking that their deposit is more valuable based on that calculation.

Quiz, Which is more valuable, Lihir gold mine that has a Basket Value of US$1,800 or Hamersley Iron ore mine with a BV of US$90 ?