Australia's largest stock trading and investment forum Australia's #1 stock forum

IXR

Click for more information

14.3%

0.6¢ ionic rare earths limited

Ann: Substantial Increase to Makuutu REE Resource to over 500Mt, page-78

First 78 Last

Share
Profile

Follow
Jindia

250 Posts.

79

04/05/22

19:42

Post #: 61209265
Share

Originally posted by skijapan: ↑

Substantial increase to Makuutu resource to over 500 million tonnes
All is indicated and inferred, nothing is measured/proved.
640 ppm = 0.064% TREO. We still need to see, how they can get the value-carrying contents commercially viable and environmentally benign out of the ground. That is the crux.
If you excavate and move this regolith/saprolite/clay for heap-leaching, like you would do with low content gold resources, in this case 100% of the cost would apply to the 0.064% of value-carrying contents.
Visualise this: A truckload of40 tof regolith/saprolite/clay contains26 kgsof rare earths. If the cost of excavation and trucking to the heap should be US$10/t regolith/saprolite/clay, that cost is US$15/kg of rare earth content. To add insult to injury, that is before processing and separation cost.
Rare earths are not valued like gold at US$60,000/kg, in case of the composition of Ionic Rare Earth’s Makutuu we see it rather at ~US$40/kg, cleared for recovery losses.
In fact, even after the breath-taking rise of rare earth prices, for Makuutu and also for other rare earth deposits, rare earth prices are still too low.

Expand

1 like and 1 great analysis each...it's tag team time by the PRE crew. Bored over there?

IXR Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

MND

Monadelphous profits up 16.2% on strong revenue result, and the market likes it

INA

Ingenia shares jump 7% on strong revenue and earnings figures

KOB

Koba jumps on uranium rock chips grading over 7% as uranium price revival evidence mounts

There are more pages in this discussion • 229 more messages in this thread...

First 78 Last

Add IXR (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $29.21M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$102.9K	14.79M

Buyers (Bids)

No.	Vol.	Price($)
35	22340537	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	17480280	18

View Market Depth

No.	Vol.	Price($)
35	22340537	0.006
31	16569167	0.005
8	9048770	0.004
6	8265666	0.003
6	7500001	0.002

Price($)	Vol.	No.
0.007	17480280	18
0.008	7590747	13
0.009	5975738	17
0.010	13588336	18
0.011	2736907	5

Last trade - 14.27pm 20/08/2024 (20 minute delay)

IXR (ASX) Chart