Unfortunately the grade and NdPr content is underwhelming in compared to economically viable hard rock/monazite peers.
LYC is 8% TREO and last quarterly showed breaking even.
BRE is 1% TREO. good luck.
Most of the companies listed process the monazite as by-product essentially a credit, bayan obo included. Hence why it and many other mineral sands projects sell REO as by product process as opposed to standalone REO operation.
those that do have REO as a primary revenue I.e. Lynas have 8% TREO content something this does not.
Will be my last post on these threads will leave yourself and others to peace.
SF2TH
IPO - Brazilian Rare Earths Limited - 21 December 2023 #, page-55
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