I thought it would be interesting to list some of Mt Welds treasures by approximate value:
1. NdPr, resource value: US$39 billion
2. Niobium: US$20b
3. Phosphate: US$7b
4. Dysprosium: US$2b
5. La/Ce: US$0.8b
Plus many many more, some which are more economical than they may appear on paper (like Dy and other heavies essentially comes as a by-product, i.e. no extra mining cost). Also, Nb and P are overlapping, at least partially, so mining one will give the other 'for free'.
The numbers above are just the tip of a literal mountain - we know, for example, that the REE mineralisation extends faaaar (>1km) beyond the current resource.
Speaking of which, we should expect a new JORC resource estimate in a not too distant future (next quarter?). I know the Lynas team is excited with respect to the drilling that has been going on, and I for one look forward to seeing the results. Not just for an upgrade in resource estimate, but it will perhaps can give clearer idea of what to do with the other treasures at Mt Weld..
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