Hi nursery,
Call me stoopid but I don't get your BHP analogy. They have 50 odd years of met. coal supply from their Bowen basin resources in QLD. How does this fit with the LREE v HREE theme?
Whilst the 'lighter' deposits may only have a small % amount of the heavier elements, they are generally producing (or planning to) much larger volumes than the specific 'heavier' specified resources. Therefore the smaller % component of HREE will translate to a comparable absolute volume based metric.
My rule of thumb is to discount the La & Ce to $0/tonne and then concentrate on magnet feed minerals at internal China prices, since this market is more liquid and a reflection of real supply/demand without the interference of export quotas and taxes.
Choice
heavy vrs light., page-4
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