re: Ann: Metal-Pages Shanghai Presentation - ... Hi...

re: Ann: Metal-Pages Shanghai Presentation - ... Hi Stockanalyst1

Downbeat but realistic

http://www.techmetalsresearch.com/metrics-indices/tmr-advanced-rare-earth-projects-index/


TMR is a valueable research material but their basket prices do not include Ho-Er-Tm-Yb-Lu oxides which is about 13.5% of the Wolverine.

NTU release of $83Kg basket reflects the addition of the excluded oxides.

One example is Holmium at $1000 Kg.
Current world supply is 10t. Wolverine will produce at least 50t. You would have to expect the price to collaspe somewhat

http://investorintel.com/rare-earth-intel/holmium-key-element-in-the-future-of-warfare/

Even if you use a basket price of $83kg Reo
less 40% dicount of for china domestic prices ($33Kg) =
$50Kg less $30Kg production cost for 92% mixed Reo and subtract $20Kg for final separation = $0

These are realistic back of the envelope calculations and in stark contrast to blatant ramps by Teahouse and Longtermlegs with their $1/2 billion spreadsheet


Tonio