General discussion (MEI), page-4197

@setfire2thehive Great stuff.

My calculations are showing Aclara's Carina and MEI's southern tenements (scoping study feed, Sobero + Capao do Mel) are not that far apart, so not sure where we have gone apart. $22 USD/t ore revenue vs $18/t ore revenue, at $75 USD/kg Nd2O3 (pricing as at mid December 2023). Obviously, now we are around $55 USD/kg Nd2O3 so can scale those numbers down and it looks better for MEI as they will maintain margin.

I have provided the table numbers within Aclara's PEA where the data is sourced. MEI comes from their met announcement. Note MEI are putting only Soberbo and Capao into their scoping study. Also note, Carina "extractions" are actually the whole circuit recovery, so donwstream recovery is set to 100%. I have set MEI's downstream recovery to 90%, without any further info. Penco had very poor downstream recoveries until they put in their patented 2 stage counter current leaching to wash the clays. Royalties have been included as well for fairness (Carina PEA states 2% state, no private, MEI 4.5% private, assumed 2.5% state).



MEI still has massive upside with reducing the cut off grade. Can't wait to see the scoping study in a couple months!