With just 25m overburden on top of the entire 3-km wide saprolite zone (a portion of which is current ore reserve) and with that on top of what is thought to be a massive homogenous apatite/carbonatite zone, I'll be dead long before anyone is underground.
I have often said that I believe Mt Weld will one day be on such a list. Just the right sort of combination of deposit and assured demand, as I also believe (as do others) that NdPr will never be replaced. So NOT a fad. No substitute; other REEs like Samarium feature good magnetic properties but are nowhere abundant enough on Earth to support the Green Revolution. I won't be around when they "Put it on the list!!", but I'm hoping to see it in the next ten years.
LYC Price at posting:
$8.64 Sentiment: Buy Disclosure: Held
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