I am perplexed how Lynas does not have the ASX all over them requesting the key Mt Weld metrics to ensure the market is fully informed.
Lynas haven’t disclosed the following parameters:
- Processing yields for the high-grade reserves at Mt Weld (in fact, they haven’t reported this for +10 years and the processing yield has not been included n their JORC statements…the last Independent Technical study on Mt Weld, circa 2006, estimated a yield of 60% but that was when the plant feed grade was +10% TREO) - Processing yields for the lower grade (apatite) resources - Production mix between the two ore types (only 14mt of high grade reserves and the low grade apatite resources) so investors can determine processing yield. I presume they are trying to preserve their high grade reserves…so maybe 30% low grade and 70% high grade (even then the reserves will only last approx 15 years) - The REE basket for the lower grade resources (NdPr and DyTb percentages)
These are standard metrics that all investors need to understand
LYC Price at posting:
$6.08 Sentiment: None Disclosure: Not Held
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