JORC Mineral Resource Estimate work done quickly, which is a great result for holders - now for the PEA to see what it is worth in the LT.
The incredible news though is that it is still only $7 mil M.Cap. with cash on hand (and the other projects waiting in the wings)
Its very difficult to estimate a PEA - but withCurrent prices of rare earths
Commodity Specification Price in USD PrNd mixed metal Pr 25%, Nd 75% FOB China 64.0-65.0
And the resource table anned today saying 9100 tonnes LREO -- you get a mined and processed value estimate of those metals alone of USD580 mil.
Account it at in ground value of 5% gives a value of $US 29,000,000. For the LREO which I assume is mainly Pr and Nd.
Other REOs and heavy mineral sands adds value - but very importantly the area represented in this resource is only 2.1 % of the anomaly. Hence the importance of phase 2 drilling results due soon. (and further expansion)
Keen to hear other's take on this matter - I have to insist on IMO and e&oe.
Cheers.
- Forums
- ASX - By Stock
- Ann: Maiden Indicated Mineral Resource Estimate at Sandy Mitchell
JORC Mineral Resource Estimate work done quickly, which is a...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AHK (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.425M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $8.31K | 48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17437 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 27026 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17437 | 0.170 |
2 | 18381 | 0.165 |
1 | 25000 | 0.150 |
1 | 30000 | 0.145 |
1 | 4100 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 27026 | 1 |
0.200 | 35000 | 1 |
0.250 | 47548 | 1 |
0.265 | 4145 | 1 |
0.000 | 0 | 0 |
Last trade - 10.26am 30/08/2024 (20 minute delay) ? |
Featured News
AHK (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online