ARN 8.43% 7.6¢ aldoro resources limited

Ann: New Assay Results in for Wyemandoo Pegmatite Project, page-3

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  1. MKJ
    20 Posts.
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    I am wondering of a "Rubidium Mine" is a viable thing. Reading up on Rubidium it is not an established, traded commodity market. The internet suggests prices of USD 1,000 / kg for Rubidium Carbonate and USD 125,000 / kg for the metal --- so it must be hard to turn the carbonate into metal. But, the USGS report on Rubidium from 2017 suggest the US market is 2,000 kg in total. If a resource was 1% Rubidium - then you would need to mine 200 tonnes of the resource to meet annual US usage (if my maths are right). A mine generating 200 tonnes of ore a year does not sound that compelling

    See .... https://pubs.usgs.gov/periodicals/mcs2020/mcs2020-rubidium.pdf

    I therefore wonder if Aldoro needs to invest in research work that develops uses for Rubidium that creates enough demand to make mining at volume an economic activity? I see some companies developing both resources and processes or uses for their materials. ATC for example with their HPA and is of HPa in coating battery materials.
 
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