Ann: Makuutu Rare Earths Exploration Target Increases by 50%, page-118

Take a look at what ASM is planning and look at the monumental amount of CAPEX required with recent indications of a reduced stage build costing $808 million or full build at $1.279 billion

CAPEX and OPEX prices have escalated since 2013 projections.


Recently ASM's SP skyrocketed up with MC at $814.3 million and now in a decent decline while IXR's continues to deliver strongly.


Now take a look at IXR' value currently with 78.6Mt deposit about to increase by 3-4x when the updated SS is revealed soon. IXR exploration target of 240-800 million tonnes 0.045% to 0.09% grading.

IXR's intraday high was $0.029 today closing at $0.028 with the right hand column showing Market Cap. Still so incredibly undervalued right now.

We know IXR with have extremely cheap CAPEX due to all the infrastructure already on site and within a short distance. I'm really liking the possibilities IXR is providing.