Glpg, you are correct.
Its pretty simple guys. The basket price averages out the total realised value based on the value of each REO and the % each that you get out of the ore per volume or weight. So the 92% quoted in Hastings reports for NdPr is correct and if you look the last table above calculations:
NdPr = 39.7 + 9.4 = 49.1
Total REO = 55.8
So 49.1 / 55.8 = 88%
This is the difference with Hastings. The %'s of Nd / Pr / Tb / Dy are much higher in their Ore (these are the ones worth a lot more), then other mines that have elevated levels of Lanthanum and Ceruim which are worth far less. The basket price is a massive factor as it translates the value that you can get out of the same Tonne of Ore respectively between mines.
Darren
Glpg, you are correct. Its pretty simple guys. The basket price...
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