1) Read the DFS. That's the average stage 1 head grade for the...

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setfire2thehive

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02/11/23

17:10

Post #: 70695499
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Originally posted by ChinaSyndrome ↑

Could not agree more, and for the sake of the Environment I sincerely hope that IXR can make enough revenue to at the very least rehabilitate their activities:

I see that SF2 still refuses to let the FACTS get in the way of his hype !

What I can not get my head around is :

1) Why test on 848ppm dirt when the Companies has already declared that their Resource only averages 640ppm ? It suggests that they will either have to forget about all of that ground ! or discount any test results by ~25%

2) 50% recovery is the overall average that the company has published, In which they also stated that NdPr recovery to be closer to 30%

3) And how do you produce a 92% TREO concentrate at a mine site without a refinery ? are they going to ship MREC it to Belfast / USA for further processing? in which case most of the real costs / revenue / tax to be paid will belong there and not in Uganda.

4) How do they expect to get US$31,000/t with 70% pay-ability, When the SMM price for that spec is still only US$33k/t and that is for a Europium rich concentrate ~ which Makuuta is not ! ~ 3ppm recovered

5) Even if they did manage to get that price, it still only equates to US$0.000008 per share

6) The UK2M is for Belfast not Uganda,

And FYI: Ford / VW / GM etc are talking to everybody, even RBW it seems

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1) Read the DFS. That's the average stage 1 head grade for the plant (pg5)

2) Read the DFS. That's not the average recovery. (pg17)

3) Read the DFS. (pg43) This is the nominal expected concentrate for REO from ionic clays. You don't need cracking and refining to get it to that unlike hard-rock. Ionic clay 101. Extreme naivety being shown on REO production.

4) Read the DFS. (pg5,) - Also you basically state the market price for 92% TREO product is $33/kg USD but then disagree that makuutu 92% TREO product will be the same? BTW 'europium rich' is stating that the TREO has higher europium than other TREO products. No different to Dysprosium rich, terbium rich, yttrium rich. Each mine has a different composition and it can be calculated with high school mathematics. Using SMM inputs its $31usd/kg. Thank you for acknowledging your 12/kg as unfounded and inaccurate.

5) Calculating an EPS for demonstration plant production quantities, is like calculating revenue for a drill core. Neither are to produce economic revenues and so is nefarious non-value add in terms of commentary. Either way still good to see they can actually produce something and prove feasibility of process circuitry. Many others process flowsheet exist only on paper.

6) Yes?

The degrees they must hand out in Ballarat...

SF2TH

Last edited by setfire2thehive: 02/11/23

IXR Price at posting: 2.0¢ Sentiment: None Disclosure: Held
39 Upvote

9 Great analysis

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