race to the finish line, page-38

Lets do some maths ...


say you process 3,000,000 tonnes of ore with 18% heavies in it...

3,000,000 x 18% x 35% = 189,000

( 18% x 35% = 6.3% )

which is the same calculation as ..

3,000,000 x 6.3% = 189,000



Now say that same 3,000,000 tonnes of ore also has 56% lights in it...


3,000,000 x 56% x 35% = 588,000

( 56% x 35% = 19.6% )

which is the same calculation as ..

3,000,000 x 19.6% = 588,000



Like magic it works ....



As I said no matter how you cut the cake CUX has too much of the non viable light rare earths,

and it get worse CUX will be forced to produce a heap of light rare earths just to get to a miniscule amount of heavy rare earths .... because as we all know there are no short cuts to extracting rare earth elements

Now you must be starting to question the viablity of CUX ...

You should be now asking - how much is it going to cost CUX to produce all those light rare earths - which are / will be in over supply - because that's what counts, because this will be the loss making part of your operation

Understand you can't avoid producing the light rare earths, so if the losses from this part of the operation are too large - then it's all over red rover

Worse still - if the light rare market is in over supply (as is predicted) - then CUX may not be able to sell any of the light rare earths it produces - ouch, now that would hurt

It won't take much to make this project unviable, given it's 56% Light rare earths - hence my recommendation below "SELL"