Costs, including transport or Capex will be taken into account...

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JandJ

9,978 Posts.

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16/01/24

12:55

Post #: 71901874
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Originally posted by John8769: ↑

Hi JandJ

I concur with your thoughts. Great progress with this MOU and I like your idea of duplicating the plant at the source if supply and demand stack up. We don’t want diesel blowing the lower carbon dynamic ( in addition to costs).

My only comment on the Ann. is there is a possible typo in the sixth bolded dot point. There should be an s at the end of program(s) as we are still waiting for the rest of the results from phase 1! Hehe

Waiting patiently for those as you can tell.

Also very interested in the bottom sections of the phase 2 holes. ‘In theory” the heavies should sit and concentrate on the basement. Clearly need this to be validated with results. Hence the company’s strategy to make sure they were at basement with phase 2 holes.

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Costs, including transport or Capex will be taken into account at the SS, which should be done this year I expect.

Because it is a simple mining process and simple gravity concentration down to 1% of sand mined at the 'coal face' the SS will be attractive IMO, and will allow Opex for transport and further refining. We await further assays and the initial MREs to get a better handle on things - and clearly the percentage of that mine concentrate which is REEs is the most important measure of value.

On news so far this deposit is likely to be of major significance and the stock at an attractive entry price.

Here is a two year old article on the value of the common mineral sands - not the REE ones !!

https://st--khead.com.au/resources/mineral-sands-prices-are-rising-and-ilmenite-is-the-hot-new-kid-on-the-block/

DYOR - Not advice.

AHK Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

2 Great analysis

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