Hi folks, Positive day again for the key rare earth prices - Nd and Pr oxide closing in on ~US$63/kg. Encouraging trend perhaps some momentum building.
Random rough calc: DRE resource insitu value on contained Nd & Pr oxide prices only (ie not allowing/discounting for any mining, processing, recovery, losses, capex, opex, financing, etc, etc) for the Yin Ironstone complex (using DRE resources summary table @ 0.2% TREO cutoff - 89.3kt contained NdPr ox) has gone from: ~US$4.55B (@NdPr ox ~US$51/kg in July/Aug '24), to ~US$5.63B (@NdPr ox ~US$63/kg now).... not a critical metric or anything, just something interesting
DRE Price at posting:
1.6¢ Sentiment: None Disclosure: Held
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