MEI - Ionic Clay project
EPM - Not Ionic Clay
chalk and cheese mineralogy.
That's why Lynas needs a head grade of 70,000ppm or 7% TREO to just be scraping by for a profit. MP not far behind.
Google Hard Rock REO vs ionic clay REO.
Economic cutoff for Hard rock rare earth is sitting anywhere between 4-7% TREO depending on a lot of variables but a good thumbsuck.
Ionic clays around 2500ppm.
That's the reason for the disparity
*disclosure I don't hold MEI. But it's important readers even holders here understand the distinct difference.
SF2TH
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