"The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits can produce extremely profitable mines... Iron oxide copper-gold deposits are also often associated with other valuable trace elements such as uranium, bismuth and rare-earth metals, although these accessories are typically subordinate to copper and gold in economic terms."
https://en.wikipedia.org/wiki/Iron_oxide_copper_gold_ore_deposits
Depending on the day, I like a good hard rock RE prospect as much as the next person but there's something to be said (economically) for the company finding (potentially) viable gold and/or copper and/or iron oxide.
I'd be very ok with the company focusing on RE stuff and a single IOCG prospect. "Relatively simple metallurgy" sounds pretty appealing, no?
Admittedly, finding U would be a little irritating.
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