@roblun You need to ask IXR how they are coming up with the $100+/kg basket price when Makutuu's REE Grades are only 640ppm compared to Lynas 8.3% (83,000ppm) TREO (states $48/kg REE Basket)?
Page 9 below.
Lynas Mt Weld Expansion Presentation - Lynas Rare Earths Limited (ASX:LYC) - Listcorp.
You can't say it's all in the value of the heavy or magnetic rare earths either. Especially when you multiply these low grades by the exceptionally low recoveries to get the real amount of REEs you are actually mining processing and selling.
IXR's numbers do not make sense. Time will tell I suppose.
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