IXR 0.00% 0.8¢ ionic rare earths limited

That’s for the end product, not the mined ore.Worth studying...

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    That’s for the end product, not the mined ore.

    Worth studying Sprott’s initial report and the follow up:

    ”We model Makuutu as a 10Mtpa operation producing 3.0-4.0kt of REO including 150-200t of Dy and Tb in a mixed RE carbonate, and a downstream refinery producing 3.5-5.0kt of separated oxides. Running spot HREE prices and US$150/kg NdPr, we generate a FD NAV8% of US$639m or A$0.23/sh or A$0.19/sh fully funded (FF). We initiate with a BUY rating and A$0.14/sh price target based on 0.75x NAV8% on a fully-funded basis with first prod’n in FY25.”

    https://sprott.com/media/4959/220303-ixr-scp-initiation.pdf
 
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