RDM 3.33% 15.5¢ red metal limited

Red Metal Banter, page-68

  1. 569 Posts.
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    low cost processing like you say is done with Rossing and Husab granite uranium mines are good examples. Some of the lowest U grades in the world but those mines are world class, I presume because the granite allows them to recover the U cheaply as it isn't reactive. A rare earth version of that in our own backyard.. eek.png

    https://hotcopper.com.au/data/attachments/5757/5757368-9f09abf8937e035e68d32055c6893ce1.jpg

    Husab survived five years at $41 AUD contained ore value during $25 USD/lb U prices (2016-2021 average). Contained value at Sybella currently $64 AUD/t at current weak REE prices. Could be onto something there..
 
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