LIN

4.55%

10.5¢ lindian resources limited

your points 3 4 5 - not sure what you are talking about - mt...

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ryan2k

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05/01/24

11:32

Post #: 71739646
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Originally posted by Pat700: ↑

I will try to put my point of view once more. It might help someone in their decisions.

Points
1. The cheapest rare earths currently come from the ionic clay deposits in China which means China currently controls the market.
If anyone is disputing this claim then more reading is required and you probably shouldn't be posting.?

2. The only western company producing rare earths at scale is Lynas.
Is anyone disputing this. See above.

3. The Mt Weld Lynas deposit is weathered carbonatite. So like Lindian, but without the hard rock. Ionic clays are also weathered carbonatite deposits, but without the difficult phosphate.
Is anyone disputing this claim?
Mt Weld "Rare earths are contained in secondary phosphates (Read Monazite) and aluminophosphates, presumably derived from weathering of the Proterozoic Mount Weld carbonatite.[4]"

4. It is cheaper to harvest a weathered deposit than a hard rock one.
Anyone want to dispute this claim?

5. Mt Weld rare earths mining costs will be lower than Lindians.
Anyone want to dispute this claim? You could talk about grades here. Check out the Mt Weld beneficiation plant first though. This harvests the Monazite. I actually haven't checked its efficiency. So you can contribute here with data for others.

6. Iluka sand mining, which produces Monazite as a waste product, will be lower than Lindian.
Ditto

7. Currently, the world REE price is set by Lynas. The Chinese just price their rees slightly lower than the Lynas price to maximise their profits.
Ditto.

8. As cheaper supplies from other recently discovered ionic clay deposits come on line, the REE price will DROP. The same happened to the lithium price.
Ditto

9. This means the mixed monazite ore price will also be lower, making operations like the Lynas plant less economic.
Ditto

SO, to rationally contribute to the discussion please explain how Lindian will fit into this future order.

OR you can just call me another down pushing lunatic.

OR you can thank me. I don't get anything out of this and I'm only sharing my views because I know how hard it is for an ordinary investor to to understand the chemistries etc. It took me a while to work this out.

This is not investment advice.

Expand

your points 3 4 5 - not sure what you are talking about - mt weld is a hard rock mine like LIN. LIN is also a weathered carbonate and both monazite based. The positioning of Lindians resource is favourable being on a hill so will be simple open pit mining, mineralised consistently from surface to depth. Lindian has minimal radioactivity relative to lynas. Yet to be seen but I don't think correct to say Mt weld mining costs will be less than Lindian.

LIN Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

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your points 3 4 5 - not sure what you are talking about - mt...

Utah authorities sign off on Anson's lithium extraction plans at Green River

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Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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your points 3 4 5 - not sure what you are talking about - mt...

Top Stories

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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