Since 2011 AusAmerican Mining Corp, now known as American Rare Earth, have been peddling the La Paz rare earth occurrence in Arizona with a hard rock record-low TREO of 0.037%.
And now they promote Halleck Creek in Wyoming with pitiful 0.32% TREO in hard rock, after having had to drill 300 m deep. This is depressingly beyond hopeless, similar to Niocorp’s Elk Creek (0.335% TREO).
Why any investor in his/her/it’s right mind would ever want to put up with anything like 0.XX% TREO in hard rock is not conceivable. But punters pump it anyway:
Arafura Rare Earths Ltd, page-782
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