Actually not factually accurate. -Head grade is 848ppm -Linearly...

Actually not factually accurate.
-Head grade is 848ppm
-Linearly application of 50% recoveries is inaccurate (not reality)

For every 1T of REO concentrate produced.
The revenue would actually be ~ $31,000 USD. (Assumed 92% TREO concentrate and a 70% pay-ability for product). This would rise to ~ 46,000 USD. Refined/Seperated. (99.9% purity.)

Irrespective of erroneous calculations devout of annualised throughput, by nomenclature it's a demonstration plant. It's primary function being a demonstration of the technology and process working at scale. Not to, necessarily, generate economic revenues.

It will however be more product produced than others have been able to achieve in their 5-10 years of development.

The only aspect i do agree is that the REO prices do need to increase, or a market external to china with more favourable pricing mechanism. meanwhile the magnet recycling and downstream processing refining business remain the 2 other pathways of commercially viability. Still interesting everyone still so seemingly caught up on the mine alone when IMV only one third of the story. (something i've remained fairly steadfast in view over past 24months).

Both being immune to pricing mechanisms either as toll processor for product essentially making a margin of the product as china have irrespective of the source. the 2M pound grant from the UK government assisting the feasibility study of that at a commercial scale. But then again maybe Ford don't know what they're doing.

Back into the shadows i go. I hope everyone is doing well.
Kudos to roblun and others still spending time sharing info.

SF2TH