Yes, I determined this a couple weeks ago and sold out into the waiting arms of 0.001. I was looking through the Brazil REE and some of their early test work and realised the whole Esperance Clays will never get off the ground as it just cant compete. MRD and all its neighbours are destined for the scrap heap unfortunately. The HCl leaching and leach time just killed it.
Sorry, it was worth a punt but unfortunately cant see any of them getting over the line unless someone at ANSTO comes up with a miracle.
Good luck guys, I really hope I'm wrong and some of you can recoup some money and turn a profit.
MRD Price at posting:
0.1¢ Sentiment: Sell Disclosure: Not Held
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