@roblun Its about timewe set a few things straight on this thread. The downramping that is posted bynon holders like Roblun(who hold IXR) and Mr Au and Mongey who are huge fans ofRXL and their tiny 5-10g/t intercepts at 380metres from the surface.
As well day traders on this thread, have been quite aggressive.
Let's compare DM1's HIgh Grade High Recovery REE deposit in low risk WesternAustralia to IXR's low grade low recovery REE deposit in high risk Africa.
Desert Metals is systematically ticking all the milestones required to bringthe Innouendy REE and Multi Commodity Deposit to life.
IXR's Market Cap today at 2.3c $94m
DM1's Market Cap today at 6c $4m
Recoveries using Aqua Regia (Which is the most important factor for REEdeposits)
1. DM1 Very High REE Recoveries 70%+ using salt and weak acid (Aqua Regia)
2. IXR Low REE Recoveries 43% using sale and weak acid (Aqua Regia)Even though this Sprottreport is excited about 43% recoveries using salt and weak acid, it is nowherenear 70% that DM1 has announced today.
They are also excited about 10-20m thicknesses. DM1 is getting up to 80m ofhigher grade REE thicknesses at Innouendy than IXR's.
At moderators here is the link to the Sprott article. No screenshot.
220303-ixr-scp-initiation.pdf(sprott.com)
The Sprot Report states the following about the IXR REE deposit in high risk Uganda "The salt soluble portion of the resource (so its not all salt soluble) is high at 43%, this compares favourably with other REE projects...."
"More over, the central zone contains significant areas of 10m-20m thicknesses..."DM1 has confirmed80-100metre thicknesses of REEs at Innouendy for vast distances...
Now compared to the 10-20m intercepts that Sprott is excited about for IXR.
DM1's Rare Earth Grades are almost2x higher than IXR's in multiple drill holes from their drilling program.
When you multiply the REE Grades by theRecovery Percentages to calculate the actual profit margin/tonne of REE Oxides.
You need to multiply the REEs by .43 for IXRand .70 by DM1. The numbers are compelling for DM1.
Theassay results from Belele and geological structure will also beinteresting, asthe 5,000m of drilling into the alteration and sulphide.
Also waiting to see when drilling restarts at Innouendy at Dingo Pass.
Exploration-Update-and-New-Gold-Projects.pdf(desertmetals.com.au)
