ARR 10.7% 25.0¢ american rare earths limited

Unfortunately MP does not yet have any Proven Reserves to...

  1. 3,642 Posts.
    lightbulb Created with Sketch. 1912
    Unfortunately MP does not yet have any Proven Reserves to support their proposed operation operation, sure they have some six months of Resources and 20+ years of Inferred. But those numbers were generated back in 2010 before the pit was Rat-holed. There is a massive push back going on at the moment to enable some ore to be mined at the bottom of the pit. But I have yet to see an Exploration drill rig on site ! You can't turn Inferred resources into proven minable reserves without drilling !

    Still it does make a very handy processing plant for ARR concentrate once you start mining.
 
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