direct comparision - major rerate coming

After yesterdays announcement, I did some direct comparisons with some of the other major Rare Earth plays out there.

So those that don't know, Rare Earth Prices are going through the roof after China (the main supplier) limited Rare Earth exports.

Two of the biggest Rare Earth companies on the ASX are LYC (Market Cap of about $1.6B) and ARU (Market Cap about $250M). Neither companies are in production, but LYC are much closer than ARU.

The thing that stood out to me yesterday was how similar the PEK results yesterday were to ARUs deposit.





Not only was the "basket" makeup similar, but so to the grades (PEK seem a little higher).



The "Basket" price (the price of all the minerals combined) for ARU and LYC are actually quite similar, and I would expect PEKs to be about the same.



The above prices are actually old, and basket prices for both ARU and LYC are now about $40.



The other thing I noticed yesterday was just how big the PEK target is.... you will not the scale on the ARU slide that shows the main target at less than 500m long, but the PEK results from yesterday is much longer than this (and the overall size is MUCH bigger..



PEK's deposit is also at the surface, free dig, very easy to drill and spread over a very large area. All makes for cheap mining.

To top this all off, PEKs market cap is less than $20M at the moment full diluted. A major re-rate for PEK is in the wind IMHO. It shall be interesting times ahead.