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
(20min delay)