toly,
The key to the comparison is the intercept sizes and resource tonnage. Released drill results for Steen indicate no intercepts over 1.5 meters and most inside .5 meters. There literally are no drill targets reported so far (note: no Steen drill maps). The historicals hoped for 29,500 REO tonnes. I cannot see that number with the reported numbers. We expected further drill releases by now, but as usual GWG releases nothing and their bloggers pump without facts.
Meanwhile, Duncan is open pit with large areas to mine. It's TREO% is higher than any other mine with similar HREE numbers and it is 431,600 REO resource tonnes. Duncan should have a long mine life with clear targets and appears to be low cost open pit mining.
http://rareearthfuture.com/2012/01/21/jon-hykawy-exposed-mt-weld-and-steenkampskraal-comparison/
toly,The key to the comparison is the intercept sizes and...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.02 |
Change
0.000(0.00%) |
Mkt cap ! $6.561B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $7.09 | $6.86 | $26.51M | 3.784M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5100 | $7.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.04 | 8902 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |