IXR Is going to be one to watch when it comes out of T/HTrading...

  1. GoldBugBob
    3,367 Posts.
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    02/03/21
    08:54
    Post #: 51438774
    IXR

    Is going to be one to watch when it comes out of T/H

    Trading halt to release the JORC and REE prices have gone vertical

    A little rehash below

    BioLantanidos with 20mt @ 580ppm sold for $90M.

    IXR currently have 79mt @ 840ppm

    https://hotcopper.com.au/data/attachments/2673/2673099-a60547e9355e31712514df449cafae07.jpg

    The range of the upcoming JORC

    https://hotcopper.com.au/data/attachments/2673/2673105-ebe5bee39b4ab53fb393e473cc7fc2b1.jpg

    More than 10 times the size of BioLantanidos at 50% higher grades.

    It should be valued conservatively at US$900M+ which would peg IXR's share at 22c.
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