Thanks analyst99 for the comparison between REE and PM8.
Its not really comparing apples with apples however.
REE has around 1 million tonnes of ore resources compared with PM8's 240 million tonnes.
REE sold circa 500 tonnes of concentrate last half year. PM8 is likely to have a concentrate grade of 30-40% based on similar upgrades of circa 4%TREO carbonatites and will probably sell somewhere between 50-100,000 tonnes of concentrate per year.
PM8 is looking to export directly to China RE producers via Chinese rail and Port infrastructure whereas REE is selling heavily discounted concentrates at an African port to a European trader.
REE and PM8 are both very interesting and absolutely in the right commodity but vastly different in scale and economics.
PM8 Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
