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8.7¢ lindian resources limited

June Trades, page-286

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ryan2k

531 Posts.

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24/06/23

15:32

Post #: 68451466
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Originally posted by fnqricko: ↑

Kami you didn't read my post I didn't say LIN did not use water, but that is to only produce the concentrate, that little truck at the bottom of the diagram you posted says it all, see that with the monazite concentrate written on it. From there it goes to a refinery for cracking, extraction, Scrubbing and Stripping to get an aqueous extract of REE solution , that's what makes hard rock processing expensive compared to ionic clay deposits where you wash the elements off the clay to get the aqueous solution of REE the cost is marginal compared to hard rock extraction LIN cocnetrate product still has to go through strong solvent processes its no different to any other hard rock deposit in this case, you don't honestly believe you can wash REE ions off rocks with water did you.?

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I don't think it's in LINs first phase plans to do this. they are targeting a simple concentrate operation which is lower capex. given this, should still make decent margins given low cost operation and non radioactive. don't think I've heard mgmt discuss more downstream options. presume that's down the track after phase 1 operations help fund expansion and beyond

LIN Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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Last 8.7¢		Change -0.006(6.45%)		Mkt cap ! $100.3M

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Price($)	Vol.	No.
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