That analysis has an error -
Its OK to take 5 tonnes/cubic metre for Iluka's monazite pile (because it is assumed to be all monazite, which has a specific gravity of ~4.6 - 5.4) but for AHK's situation we should use the density of the bulk sand as it exists in situ. - say maybe 3 tonnes/cubic metre.
That drops the tonnage of monazite recoverable from 3% of the prospective area to 277,000. - Or if extended over the whole area to 9.2 million tonnes.
But as I say these are only rough calcs, and the density of sand depends on how compacted it is, as well as the actual minerals contained. To say the density is 3 units allows for strong compaction over many years, and known dense minerals. However the result is still only a guide to possible outcomes.
Please make your own judgements.
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Mkt cap ! $9.980M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 18.0¢ | $29.57K | 150.8K |
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No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 17.0¢ |
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Price($) | Vol. | No. |
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19.0¢ | 10000 | 1 |
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No. | Vol. | Price($) |
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1 | 10000 | 0.160 |
4 | 44233 | 0.150 |
1 | 30000 | 0.145 |
1 | 100000 | 0.140 |
Price($) | Vol. | No. |
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0.190 | 10000 | 1 |
0.205 | 300 | 1 |
0.210 | 300 | 1 |
0.235 | 36000 | 1 |
0.250 | 47548 | 1 |
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