Hello. I posted LIN down from 45 cents to 11 cents. What is the term "market" supposed to mean? PEK is Ore Reserves of 18.5Mt at 4.80% TREO; within 214Mt at 2.15% TREO. PEK has been around for years and its middling grade project. DY6 based on today's superficial info, may possibly have a potential for 30Mt although that is to 200 metres deep. The question today with DY6 is the grade. There were around 183 drill holes reported today with around 95 of those holes with TREO. However, this probably indicates the empty holes were outside of the TREO zone. Average TREO grade reported today was around 1.51% TREO.
Long (say 600 metres), narrow (say 100m), deep (say 200m for mining) x 2.6 density = 30Mt at 1.51%
Or 50Mt if we want to go to 300 metres deep. But 1.51% grade in rock is high cost; probably uneconomic at current prices of US$46/kg Pr/Nd if the basket is a typical light REE basket.
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