Freehold,
As much as I usually agree with your analysis, I think you have missed the mark here.
Firstly: Comparing this resource to other RE companies, this resource is tiny... PEAK just released its JORC at 3.8MT of contained REO, this has 130kT... and at such a low grade, means OPEX costs will be massive.
Secondly: due to such large dilution (of rock to contained tonnes) the processing plant required will also be huge!!! meaning even though you get 300$/tonne you would require twice or 3x the capital to get the same flowrate as lynas or another company with a higher grade.
Thirdly: whilst the heavy rare earth to light rare earth ratio is good, both grades are low, so the ratio looks amazing but the % grade looks disappointing.
Finally: Such low grade (in the ppms) for all their target minerals, will make acid leaching stage (initial stage) extremely cost ineffective, raising the total OPEX too.
Freehold,As much as I usually agree with your analysis, I think...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HAS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
31.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.96M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 32.0¢ | 29.5¢ | $55.45K | 177.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 30564 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 14967 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| HAS (ASX) Chart |