Great summary.
The wind is starting to fill our sails (sales).
The rare earth side of things may be concerning to some, however it takes the market a while to wake up to changes in this space.
China has been the main supplier, chiefly from the type of deposit that ABX has which allowed cheap mining often by hordes of artisanal miners who took their sackfuls to a central processor.Many hands made light work.
Here the majority of find has been in hard rock, such as Lynas,NTU etc which is capital intensive to mine and a formidable expense to refine and often with technical barriers.
If ABX can elute the REE via in situ leaching, we have a relatively low capital production and refining in a single step.THere are a couple of explorers in SA,but other than that, although rare earths are found in many places,the problem is finding an economic deposit.
ABX may have hit the jackpot in a new province of their own discovery!...not paying through the nose from a third party! Truly remarkable.
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Open | High | Low | Value | Volume |
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2 | 79976 | 0.042 |
1 | 8500 | 0.041 |
1 | 15000 | 0.039 |
1 | 15000 | 0.035 |
Price($) | Vol. | No. |
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0.047 | 48756 | 2 |
0.048 | 13904 | 2 |
0.050 | 12000 | 1 |
0.058 | 10000 | 1 |
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